Registering a company in the Hamriyah Free Zone costs at least AED 11,000 for the business license. This price makes it a practical choice for many entrepreneurs. Additional expenses include around AED 1,000 for a P.O. box rental and visa fees. An investor or partner visa costs AED 9,125, while a manager or employee visa is AED 3,785. You can also acquire 1 to 7 visas without needing an executive office. Make sure to understand all costs involved, as they can vary based on your company's needs and structure. You'll find more details about the process and requirements helpful.
Overview of Hamriyah Free Zone
Hamriyah Free Zone, established in 1995, offers a prime location for businesses looking to thrive in the UAE. Spanning about 22 square kilometers, it's one of the largest industrial free zones in the region.
Here, you'll find over 6,500 companies from more than 160 nations, covering various business activities, including Oil & Gas and Food Packaging. You can benefit from 100% foreign ownership and zero corporate or personal income tax.
Additionally, the Free Zone allows unrestricted capital repatriation for investors. With modern infrastructure, including customizable industrial plots and pre-built warehouses, Hamriyah Free Zone supports your company formation needs.
Keep in mind that the license fee may vary based on your specific business activity and requirements.
For investors, HFZ also offers access to a 14-meter-deep water port which significantly enhances logistical efficiencies, particularly for import and export-oriented businesses.
Types of Business Licenses
In Hamriyah Free Zone, you can choose from three main types of business licenses: Industrial, Commercial, and Service.
Each license caters to different business activities, whether you're manufacturing, trading, or providing services.
All licenses offer benefits like tax exemptions and full foreign ownership, making it easier to start your business.
Additionally, the capital requirement for setting up in this zone is typically AED 150,000, which is essential for compliance and successful business operation.
License Types Overview
When considering establishing a business in the Hamriyah Free Zone, you'll encounter three primary types of licenses tailored to various activities: Industrial, Commercial, and Service licenses.
The Industrial License is ideal for manufacturing businesses, requiring local distribution for sales within the UAE. With this license, you can focus on production while meeting local market demands.
The Commercial License allows you to import, export, sell, and store licensed goods, making it suitable for general trading operations.
If your business provides specified services, the Service License is the right choice for you, supporting a diverse range of service-oriented activities.
Each license type comes with specific requirements and benefits, including 100% foreign ownership and tax exemptions, enhancing investment opportunities. Additionally, the strategic location of Hamriyah Free Zone enables optimal operational efficiency and accessibility to major international markets.
Latest License Packages
Establishing your business in the Hamriyah Free Zone is made easier with the latest license packages designed to cater to various needs.
The Virtual Office Package starts at AED 11,000 and includes a virtual office, one shareholder, three product categories, and one visa quota.
If you're looking for cost-effectiveness, the Executive Office Package offers a 10% discount on first-year fees, making it appealing for new businesses.
For broader trading options, Package-5 costs AED 35,000 and allows general trading activities with provisions for 1 to 5 shareholders and a visa quota of up to 7.
With quick licensing processes, you can obtain your Commercial, Service, or Industrial license in just one hour, streamlining your business setup.
Entrepreneurs benefit from 100% foreign ownership in free zones like Hamriyah, enhancing investment appeal and operational freedom.
Costs of Company Registration
Starting a company in Hamriyah Free Zone involves several costs that you need to consider. The costs of company registration begin at AED 11,000, which covers your company license through the Hamriyah Free Zone Authority.
Additionally, you'll need to account for annual expenses like P.O. box rental, which is around AED 1,000, and visa fees. The visa fees for Investor/Partner visas are AED 9,125, while Manager/Employee visas cost AED 3,785.
If you plan to hire employees, you can issue between 1 to 7 visas without an executive office. For warehousing, costs start at AED 56,000 for a 200 square meter unit.
Knowing these costs helps you budget effectively as you start your business journey. If considering other zones, the UAQ Free Zone offers competitive advantages including a wide range of licensing options and tax exemptions, which can influence cost and business operation decisions.
Additional Fees and Expenses
When registering your company in Hamriyah Free Zone, you'll need to consider additional fees and expenses beyond the basic registration cost.
Licensing and registration fees can add up, and you'll also face visa costs for yourself and any employees.
Don't forget about other expenses like insurance and the rental fees for necessary facilities, which can significantly impact your overall budget.
Licensing and Registration Fees
Navigating the costs associated with company registration in Hamriyah Free Zone can be straightforward if you understand the various fees involved.
The basic cost for company registration starts at AED 11,000, which includes initial licensing fees. You'll also need to consider additional expenses like a P.O. box rental fee of about AED 1,000 per year, essential for business communication.
If you're applying for visas, Investor/Partner visa fees are AED 9,125, while Manager/Employee visas cost AED 3,785 plus a refundable deposit.
Furthermore, renewal fees for a 1-visa Trading/Services license are AED 11,000 annually.
Be aware that costs can increase with audits and amendments, so plan accordingly to avoid unexpected expenses.
Visa and Insurance Costs
Visa and insurance costs are crucial factors to consider as you plan your business setup in Hamriyah Free Zone.
For Investor/Partner visas, you'll face visa fees of AED 9,125, which includes immigration charges. If you're applying for Manager/Employee visas, the fee is AED 3,785, plus a refundable deposit.
Don't forget that medical checkups are required for visa processing and can be done outside the free zone, adding to your overall expenses. After visa stamping, the Emirates ID will be issued, typically taking about two weeks.
Additionally, you need to factor in insurance costs, which can vary based on coverage and the number of employees you have. Be prepared for these expenses to ensure a smooth registration process.
Required Documentation
To successfully register a company in Hamriyah Free Zone, you'll need to gather several key documents. Here's a quick overview of what you'll require:
| Document | Purpose |
|---|---|
| Passport copy of the shareholder(s) | Verify identity and ownership |
| No Objection Certificate (NOC) | Required if the shareholder is a UAE resident |
| Application form | Initiates the registration process |
| Memorandum and Articles of Association | Outlines the company's structure and rules |
| Detailed business plan | Defines the nature of your business |
Make sure to have these documents ready for submission. Additionally, you'll receive a lease agreement in hard copy after registration, while other documents will be issued electronically.
Legal Entity Options
When establishing a business in Hamriyah Free Zone, you have a couple of legal entity options to consider, each tailored to different needs.
You can choose a Free Zone Establishment (FZE), which allows for a single shareholder, or a Free Zone Company (FZC), which accommodates between two to five shareholders.
If you already have an existing local or foreign firm, you can also set up a branch.
Your choice of legal entity affects your compliance obligations and operational capabilities, both within the free zone and beyond.
Remember, each option requires specific documentation and registration fees, which contribute to the overall cost of setting up your business in Hamriyah Free Zone.
Proper classification is essential for regulatory compliance.
Visa Costs and Requirements
When registering a company in Hamriyah Free Zone, understanding visa costs and requirements is crucial.
You can apply for different types of visas, like Investor/Partner or Manager/Employee visas, each with its own fees and conditions.
The application process involves several steps, including medical checkups and obtaining an Emirates ID after visa approval.
Visa Types Explained
Understanding the different visa types available in the Hamriyah Free Zone is essential for anyone looking to start a business there.
You can apply for an Investor/Partner visa at a cost of AED 9,125, which is valid for 2 years. If you need to hire staff, the Manager/Employee visa costs AED 3,785 plus a refundable deposit, also lasting for 2 years.
Your company can issue between 1 to 7 visas if you don't have an executive office. However, with warehouse facilities, you can issue up to 50 visas.
Medical checkups for visa applicants can be done outside the free zone, and you'll receive your Emirates ID about 2 weeks after visa stamping.
Application Process Overview
To successfully register a company in the Hamriyah Free Zone, you'll need to follow a structured application process that involves submitting essential documents and paying the required fees.
Here's what you'll need to consider:
- Submit necessary documents like a passport copy and a No Objection Certificate (if applicable).
- The registration fees start at AED 11,000, with additional costs for P.O. box rental and warehousing.
Visa processing can include costs for Manager/Employee visas at AED 3,785, plus a refundable deposit.
You can issue 1 to 7 visas without an executive office.
Medical checkups for visa processing can be done outside the free zone, and you'll receive your Emirates ID about two weeks after visa stamping.
Facilities and Infrastructure
Hamriyah Free Zone boasts modern facilities and infrastructure designed to support diverse business operations. The zone includes a deep water port with a depth of 14 meters, ideal for bulk handling and petrochemical industries. You can lease industrial plots starting from 2,500 square meters, with customizable options tailored to your needs. Pre-built warehouses are available in various sizes, ensuring immediate readiness for your business.
Here's a quick overview of the facilities:
| Type | Size/Details | Purpose |
|---|---|---|
| Industrial Plots | Starts at 2,500 m² | Customizable business space |
| Pre-built Warehouses | 276 m², 416 m², 614 m² | Immediate operational use |
| Executive Offices | Over 100 suites (15 m² to 42 m²) | Equipped for business needs |
This infrastructure supports a productive environment for all businesses.
Advantages of Hamriyah Free Zone
When you choose to set up your business in Hamriyah Free Zone, you gain 100% foreign ownership, meaning you don't need a local partner.
This free zone also offers tax exemptions, so you won't have to worry about corporate or personal income tax.
These features make it an attractive option for investors looking to maximize their profits and maintain control.
100% Foreign Ownership
As you explore opportunities in the Hamriyah Free Zone, you'll discover that the 100% foreign ownership policy is a game-changer for international investors. This policy allows you to maintain full control over your business without needing a local partner.
Here are some key advantages:
- You can fully own your company, enhancing your decision-making power.
- The free zone ensures the repatriation of profits, allowing you to transfer your earnings back home without restrictions.
- This attractive ownership structure has drawn over 6,500 companies from 160+ nations, fostering a diverse business environment.
With this level of company ownership, you can confidently enter the UAE market and maximize your investment potential.
The Hamriyah Free Zone truly supports your business ambitions.
Tax Exemptions Available
One of the standout features of the Hamriyah Free Zone is the array of tax exemptions available, which significantly boosts your business's financial health.
Companies registered here enjoy 100% tax exemption on corporate tax, allowing you to keep more of your earnings. Additionally, there's no personal income tax for individuals operating in the free zone, which means greater profit retention for you.
Investors benefit from complete capital repatriation, enabling you to transfer profits and initial investments out of the UAE without restrictions.
You'll also appreciate the exemption from customs duties on imports and exports, reducing your operational costs if you're engaged in international trade.
These tax exemptions make Hamriyah Free Zone an attractive option for businesses worldwide.
Company Compliance and Renewals
To maintain compliance in the Hamriyah Free Zone, companies need to be aware of the mandatory annual renewal of their licenses, which incurs a fee of AED 11,000 for a 1-visa Trading or Services license.
You must also submit an audit report after two years of operations to ensure adherence to regulations.
Here are some key points to consider:
- Renewal fees must be paid annually to keep your license active.
- Changes to your company name, business activity, or share transfers can incur additional costs.
- Payments for renewals and compliance fees can be made via bank transfer, cash, or online with credit or debit cards.
Staying informed about these requirements is essential for smooth operations in the Hamriyah Free Zone.
Client Experiences and Testimonials
Clients often find that their experiences in the Hamriyah Free Zone exceed expectations, thanks to a streamlined registration process that can be completed in just an hour.
Many investors appreciate the registration fees starting at AED 11,000, which they consider cost-effective.
Positive client experiences highlight the responsiveness of staff and the individualized support from consultants. They value the comprehensive support services available, which include assistance with legal compliance and visa processing.
Clients also note the operational advantages of setting up in this free zone, such as access to a favorable business environment.
Step-by-Step Registration Process
Having explored the positive experiences shared by clients, it's clear that the registration process in the Hamriyah Free Zone is straightforward and efficient.
To register your company in Hamriyah, follow these steps:
- Submit an application form along with required documents like a passport copy and a No Objection Certificate if needed.
- Pay the minimum cost starting at AED 11,000 for your trade license.
- Expect standard approval to take about 2-3 weeks, with some registrations completed in just one hour.
Once registered, you'll receive important documents such as your Company Trade License, Share Certificate, and Lease Agreement.
With these steps, you can smoothly navigate the registration process and set up your business efficiently.
Flexibility in Business Operations
When you choose to operate in the Hamriyah Free Zone, you gain significant flexibility in your business operations.
You can issue between 1 to 7 visas without needing an executive office, making it easier to adjust your staff as necessary. If you require more workforce, warehouse facilities allow for up to 50 visas based on your operational demands.
The free zone provides cost-effective options like flexi desks, which support resident visa eligibility and ease your setup. With minimal capital requirements and customizable industrial plots, you can tailor your operations to fit your specific needs and growth strategies.
Plus, you can conduct business both within the UAE and internationally, enhancing your market reach and operational flexibility.
Contacting Hamriyah Free Zone Authority
How can you get in touch with the Hamriyah Free Zone Authority for your company registration needs? You have several options to contact them for assistance with licensing and registration.
- Visit their official website for online inquiries.
- Call their customer service hotline during business hours for direct help.
- Email them for detailed questions, ensuring a prompt response.
Additionally, the Hamriyah Free Zone Authority organizes informational sessions and workshops to help you understand the registration process better.
You can also follow their social media platforms for regular updates and announcements.
Whether you need quick answers or detailed information, reaching out to the Hamriyah Free Zone Authority is straightforward and accessible.
Frequently Asked Questions
How Much Does It Cost to Register a Free Zone Company in UAE?
When you consider business setup in a UAE free zone, registration fees vary based on activities. You'll enjoy company benefits, but ensure you understand free zone regulations to avoid unexpected costs and complications.
How Much Is Hamriyah Free Zone?
When exploring Hamriyah advantages, consider its registration process and cost breakdown. You'll find diverse business opportunities, making it a strategic choice for investment. Understanding these factors will help you make an informed decision.
Which Is the Cheapest Free Zone Company in UAE?
If you're looking for the cheapest free zone in the UAE, consider Ras Al Khaimah Economic Zone. Its affordable business registration fees make it ideal for managing startup expenses and simplifying cost comparisons among options.
How to Open a Free Zone Company in UAE?
To open a free zone company in the UAE, you'll need to understand the business setup, meet legal requirements, navigate the documentation process, and explore the benefits overview for your specific business activities and goals.
Conclusion
In conclusion, registering a company in Hamriyah Free Zone can be a straightforward process if you understand the costs and requirements. You need to consider the type of business license you want and any additional fees involved. Gathering the necessary documentation is essential for a smooth registration. By following the step-by-step process outlined by the Hamriyah Free Zone Authority, you can efficiently set up your business and take advantage of the benefits this free zone offers.
