The Hamriyah Free Zone in Dubai is one of the most prominent investment destinations in the United Arab Emirates, offering a wide range of advantages that make it an attractive option for investors and entrepreneurs. Located in the heart of Dubai, this area enjoys a strategic location that allows easy access to major ports and vital transportation hubs. The Hamriyah Free Zone is distinguished by providing a flexible business environment that supports expansion and growth, with integrated facilities that include logistical services, tax exemptions, and flexibility in company ownership. Thanks to these advantages, the Hamriyah Free Zone has become a preferred destination for companies looking for distinctive investment opportunities within a developed commercial environment.
Hamriyah Free Zone, Dubai
Hamriyah Free Zone, Dubai
Dubai Free Zone is a free economic zone located in the Emirate of Dubai, and it is one of the famous free zones in the Emirates. It was established to provide an ideal business environment for investors and companies,
It is considered one of the most prominent investment destinations in Dubai thanks to its many advantages.
The most important features of the Hamriyah Free Zone:
- Strategic location: The area is located near Al Hamriyah Port and Dubai International Airport, which facilitates access to international and local markets.
- Tax exemptions: The free zone offers exemptions from taxes on companies and profits, which helps reduce operational costs.
- Full ownership: Allows foreign investors to own companies 100% without the need for a local partner.
- Logistics services: The region provides advanced infrastructure that includes modern warehouses and logistical facilities, which contributes to facilitating shipping and storage operations.
- Various licenses: Includes various licenses suitable for different commercial activities, from services and consulting to manufacturing and trade.
- Company establishment facilities: The region provides simplified and quick company registration and establishment procedures, making it easier for investors to start their businesses efficiently.
The Hamriyah Free Zone is an ideal choice for individuals and companies looking for a supportive investment environment and flexible laws, which enhances the opportunities for success and growth in the UAE market.
Conditions for establishing companies in the Hamriyah Free Zone, Dubai
The conditions for establishing companies in the Hamriyah Free Zone, Dubai, vary according to the type of company and its activity, and it is important to adhere to the conditions specified by the relevant authorities. However, here are some general conditions that must be adhered to in order to establish a company in the Hamriyah Free Zone:
- The application to establish the company must be submitted to the competent authorities in the Hamriyah Free Zone, along with the required documents and prescribed fees.
- The necessary licenses must be obtained from the relevant authorities, including activity licences, building licences, health and safety licences, and others.
- The capital necessary to establish the company must be determined and provided, and this varies according to the type of company and its activity
- You must adhere to local and federal laws and regulations related to the establishment and management of companies.
If there are partners in the company, the appropriate partners must be chosen and the necessary agreements and contracts must be provided. - Commitment must be made to submit the required financial reports according to the specified timetable.
- Residence visas must be obtained for employees and foreign investors who work in the company.
- The conditions and other requirements specified by the competent authorities in the Hamriyah Free Zone must be adhered to, and it is recommended to contact the relevant authorities to find out the exact requirements for establishing the company.
Types of companies in the Hamriyah Free Zone
Here is a table showing the different types of companies that can be established in the Hamriyah Free Zone :
| Company type | Description | Features |
|---|---|---|
| Limited Liability Company (LLC) | A company wholly owned by one or more investors is the most common option. | Full investor ownership, protection from personal liability. |
| Branch company | A branch of a company established outside the Emirates, considered an extension of the parent company. | Benefiting from the reputation of the parent company, ease of expansion. |
| Sole proprietorship company | Wholly owned by one person, it is considered suitable for small and medium businesses. | Complete control by the owner, ease of management. |
| Partnership company | A company in which more than one person (partners) shares responsibilities and profits. | Distribution of responsibilities and profits among partners. |
| holding company | A company that owns shares in other companies and manages their investments. | Control of several companies, comprehensive management of investments. |
| Trading company | Dedicated to trade and commercial activities such as import and export. | Flexibility in commercial activities, integrated logistical support. |
Incorporation requirements and procedures differ for each type of these companies, so it is best to check with the Hamriyah Free Zone administration or a legal advisor such as Itqan Company to obtain the exact details about each type.
Steps to establish a company in the Hamriyah Free Zone
Establishing a company in the Hamriyah Free Zone requires following specific steps to ensure that all legal and administrative requirements are met. Here are the basic steps:
1. Determine the type of business: Determine the type of business you wish to engage in. You must choose the appropriate activity from the list of activities available in the Hamriyah Free Zone.
2. Choose the type of legal entity: Choose the appropriate legal entity type for your company, such as a limited liability company (LLC), subsidiary, or representative office.
3. Prepare the required documents
- Preparing the required documents, which include:
- Copies of passports of shareholders and directors.
- Detailed business plan.
- A lease contract for an office or warehouse within the free zone.
- Required registration forms.
4. Submitting a registration application: Submit a registration application to the Hamriyah Free Zone Administration. The application can be submitted online or by visiting the free zone administration office.
5. Choose a trade name: Choose a trade name for your company and apply for approval. The business name must be unique and comply with local laws.
6. Obtaining the necessary approvals: Your business may require approvals from other competent authorities based on the type of activity.
7. Issuing a commercial license: After approving the application and trade name, pay the required fees to obtain a commercial license.
8. Open a bank account: Open a bank account in the company’s name in one of the approved banks in the Emirates and deposit the required capital.
9. Rent an office or warehouse: Rent an office or warehouse within the Hamriyah Free Zone. The lease can be for a short or long term depending on your needs.
10. Obtaining additional visas and licenses: Apply for the necessary employee visas if you have employees, and obtain any additional licenses you may need to start the activity.
11. Starting commercial operations: After completing all procedures and obtaining the required licenses, you can officially start commercial operations.
By following these steps, you can establish your company in the Hamriyah Free Zone and benefit from the many advantages that the region offers, such as tax exemptions and advanced infrastructure.
Documents required to establish a company in the Hamriyah Free Zone
To establish a company in the Hamriyah Free Zone in Dubai, you will need to submit a set of basic documents. Requirements may vary based on the type of business and company ownership, but usually include the following documents:
- Application to establish a company: The application form designated for establishing a company, which can be obtained from the Hamriyah Free Zone Administration.
- Copy of Passport: A valid passport must be present for all shareholders and directors.
- Personal photo: Recent personal photos of shareholders and directors.
- Memorandum and Articles of Association: A copy of the company’s memorandum and articles of association, which define the company’s legal structure and business purposes.
- Detailed business activity report: A description of the business activity that the company will undertake, which helps determine the type of license required.
- Residence Certificate: In some cases, you may need to provide a residence certificate for shareholders and directors if they are residents of the UAE.
- Business Plan: A detailed business plan outlining the future goals and plans of the company may be requested.
- Reserving the company name: Submitting a document proving the reservation of the company name from the Registration Department.
- Proof of office address: Proof of the address of the office the company will operate, which may include a lease or services agreement.
- Previous licenses: If the company is a current investor in other free zones or has previous licenses, copies of these licenses must be submitted.
You may need additional documents based on the type of business activity and Hamriyah Free Zone management requirements. It is best to check the updated list of documents via the official website of the free zone or contact the companies registration office for exact details.
Costs of establishing a company in the free zone
The fees required to establish a company in the Hamriyah Free Zone vary depending on the type of company, its activity, and the services required. It is important to adhere to the fees specified by the concerned authorities. Among the common fees that may be requested by the competent authorities are:
- Company type: Limited liability companies (LLC), corporate branches, sole proprietorships, and others. Each type has different registration costs.
- Type of license: commercial, industrial, or service license. License costs vary based on the type of activity.
- Office Space: The costs of renting or purchasing office space, which depend on the size of the office and its location within the free zone.
- Number of employees: Costs of work visas and staff recruitment, including accommodation and insurance costs.
- Equipment and infrastructure: Costs of equipping the office with the necessary equipment and modern technologies.
- Logistics: Shipping, warehousing, and logistics costs if the business requires it.
- Administrative fees: registration fees, obtaining licenses, and renewing documents.
- Financial guarantees: Some free zones require financial guarantees or deposits to ensure compliance with the laws.
- Legal and accounting consulting: Costs of consulting experts in laws and taxes, in addition to accounting and auditing.
- Government Fees: Any government fees or additional fees that may be required from local authorities.
It is important to conduct a detailed feasibility study and calculate all possible costs before starting the incorporation process to ensure the financial picture of the new company is clear.
Types of companies in the Hamriyah Free Zone
Steps to establish a company in the Hamriyah Free Zone
Establishing a company in the Hamriyah Free Zone requires following a set of organized steps to ensure that all legal and administrative requirements are met. Here are the basic steps for establishing a company in the Hamriyah Free Zone:
- Determine the type of company and business activity: Determine the type of company you want to establish (such as a limited liability company, a subsidiary of a company, a sole proprietorship, etc.) and the business activity the company will undertake.
- Choosing a company name: Choose a trade name that complies with local laws and regulations, and submit a request to reserve the trade name through the Hamriyah Free Zone Administration.
- Preparing the necessary documents: Collect and prepare all required documents, such as passports, articles of incorporation, articles of association, proof of office address, and others.
- Submitting the application: Submit the establishment application to the Hamriyah Free Zone Administration with all required documents.
- Payment of fees: Payment of fees related to establishing the company, which includes registration fees, licenses, and rent if necessary.
- Obtaining a license: After reviewing the application and documents, the free zone administration will issue the appropriate commercial or industrial license for the company.
- Office leasing: leasing or purchasing office space within the free zone, and concluding a lease contract or agreement.
- Securing work and residence visas: Apply for work and residence visas for employees and managers, based on the number of people the company will employ.
- Opening a bank account: Opening a bank account for the company in a local bank, and providing the required capital in accordance with the requirements of the free zone.
- Preparing and organizing the office: equipping the office with the necessary equipment and providing all the infrastructure required to operate the business.
- Registration with government agencies: Register the company with local government agencies if necessary, and comply with any additional regulatory requirements.
- Starting a business: After completing all procedures and licenses, you can start business operations and operate the company.
It is best to cooperate with Itqan Company, which specializes in establishing companies, to facilitate the process and ensure that all legal and administrative requirements are properly met.
The Hamriyah Free Zone in Dubai is one of the most prominent investment destinations in the Emirates, thanks to its strategic location and the facilities it provides to investors. Thanks to the supportive business environment, tax exemptions, and flexibility in company ownership, the Hamriyah Free Zone provides a distinct opportunity for companies from various commercial and industrial activities to achieve growth and prosperity. Through advanced infrastructure and integrated logistical services, the Hamriyah Free Zone becomes an ideal choice for those looking for a dynamic work environment built on strong legal foundations. Therefore, choosing Hamriyah Free Zone as the headquarters for your company may be the ideal step towards success and expansion in regional and international markets.
Frequently asked questions about establishing a company in the Hamriyah Free Zone, Dubai
What is Hamriyah Free Zone?
Hamriyah Free Zone is a free economic zone located in Dubai, providing an ideal environment for investors and companies through benefits such as tax exemptions and full company ownership.
What advantages does the Hamriyah Free Zone offer to companies?
The region offers tax exemptions, full corporate ownership, integrated logistics services, and a strategic location near ports and airports.
What types of companies can be established in the Hamriyah Free Zone?
Limited liability companies, branches of existing companies, sole proprietorships, holding companies, and commercial companies can be established.
What are the documents required to establish a company in the Hamriyah Free Zone?
Required documents include passports, personal photographs, articles of incorporation, business plan, proof of office address, and residence certificate in some cases.
Can foreign investors fully own companies in the Hamriyah Free Zone?
Yes, foreign investors can own companies 100% without the need for a local partner.
