Hamriyah Free Zone located at Sharjah is one of the most economical and highly responsive Free Zone in terms of setting up a License in Free Zone. HFZA port in Sharjah is one of the seven Emirates is located on the Arabian Gulf west and east coast and have a direct access to the Indian Ocean. With a well-developed infrastructure it is ready to serve all industry at different levels across the Gulf region and International Market.
Hamriyah Free Zone has always tried to be a very flexible and dynamic thrusting to be an Investor oriented Free Zone. One of the Unique feature is that to establish a business which is 100% owned by Investor, exempted from all commercial taxes and repatriation of capital and Profits.
PRO Deskk being an authorised agent at Hamriyah Free Zone helps clients for setting up a company in Free Zone without Hassle and efficiently. With simple procedures and formalities PRO Deskk liaise with HFZ and makes it possible to obtain a license within 24 to 48 hours from the time of submitting all the required documents.
Hamriyah Free Zone Trade License
The following are the basic steps for establishing a new company (FZE/FZC) in HFZA:-
Application Form
The Investor requires to fill the License application form by giving brief about the project he needs to start.
Initial Approval
The HFZ will give a “pre-approval” so that all the legal documents are prepared
Appointment of Manager
On receiving the approval the Investor needs to decide on appointing Manager in the license. He himself can be a Manager or can appoint a third party.
Payment Voucher
Once the Initial approval is received, the client signs the agreement and makes the payment as per the package selected
Certificate of Incorporation
Once the Payment is done the HFZ will issue a Certificate of Incorporation.
Branch of a Local / Foreign Company
The following are the basic steps for establishing Branch of Local / Foreign Company
Application Form
The Investor requires to fill the License application form by giving brief about the project he needs to start.
Initial Approval
The HFZ will give a “pre-approval” so that all the legal documents are prepared
Appointment of Manager
On receiving the approval the Investor needs to decide on appointing Manager in the license. He himself can be a Manager or can appoint a third party.
Payment Voucher
Once the Initial approval is received, the client signs the agreement and makes the payment as per the package selected
Certificate of Incorporation
Once the Payment is done the HFZA will issue a Certificate of Incorporation.
Things to remember about FZE / FZC
1. An FZE and FZC are categorised under Limited Liability Company
2. Apart from Individual person a Company can also incorporate FE / FZC in HFZA
3. A single shareholder will be considered as FZE and a multiple shareholders with 2 to 5 person will be a FZC
4. Shares can be transferred only after receiving the approval from HFZA
5. The HFZA follows the January to December as the Financial calendar year, except for the first year when the license is in corporated.
Documents Required for Trade License: | Passport copy of the Investor Tourist Visa or Residence Visa (if any) NOC if on residency visa Manager Passport copy if it a third party Visa page of Manager. |
Documents Required for Branch of Local Company : | Notarized copy of Trade License from Economic Department Notarized copy of Memorandum of Association of the company Notarized copy of Board Resolution to open a Branch in Hamriyah Free Zone and to appoint a Manager for managing the Free Zone operations along with his passport copy and POA Bank reference Letter. |
Documents Required for Branch of Foreign Company : | Notarized copy of Certificate of Incorporation Notarised copy of Memorandum of Association of the company, Notarized copy of Board Resolution to open a Branch in Hamriyah Free Zone and to appoint a Manager for managing the Free Zone operations along with his passport copy and POA Bank reference Letter |