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Hamriyah Free Zone Sharjah
Your Gateway to Global Business
Hamriyah FreeZone Authority P.O.Box: 1377, Sharjah, UAE


Phones:
+971 6 5263333
Timing:
www.hfza.ae
hfz@hamriyahfreezone.ae


ABOUT HAMRIYAH FREE ZONE

Hamriyah Free Zone Authority was established by an Emiri decree issued in November 12, 1995. It is located in Sharjah, United Arab Emirates, which gives the free zone a unique geographic and time zone advantage backed by a secure and fully convertible currency and a multi-access to neighboring and global countries through land, sea and air. Hamriyah Free Zone is fast becoming one of the cornerstones of the United Arab Emirates industrial development. As the Next Generation Free Zone, Hamriyah Free Zone is ensuring that its management is flexible and dynamic besides being an investor oriented free zone.

Hamriyah Free Zone is challenged to provide competitive incentives and unique opportunities to establish a business in a tax free environment, full company ownership, exemptions from all commercial levies and repatriation of capital and profits. The free zone manages an area of approximately twenty two million square meters of prime industrial and commercial land and a 14 meter deep water port which includes room for expansion.

Investment Incentives
  • 100% Foreign company ownership is allowed
  • 100% Import and Export tax exemption
  • 100% Exemption from all commercial levies
  • 100% Repatriation of capital and profits allowed
  • 25 year leases available, renewable for a further 25 years
Range of Facilities:
  • Access to 14 meter deep water port and 7 meter deep inner harbor
  • Land lease for 25 years renewed for similar period
  • Pre-built warehouses, factories and office units for lease
  • Executive office suites in the International Business Center for lease
  • On-site accommodation for investors’ personnel including recreatin center and health club
  • Transportation via road, 3 sea ports and Sharjah International airport
  • Highly developed infrastructure and telecommunications links
  • Abundant and inexpensive energy (Electricity: $0.05 per KWA, Water: $8.17 per 1000 Gallons)
  • Liberty for personnel recruitment and economical workforce
  • Affordable cost of living
Being quality conscious and ISO certified, Hamriyah Free Zone procedures for setting up a company are easy and well streamlined. The simple procedures and formalities involved make it possible to obtain a license within 24 hours of submitting all requisite documents. Opportunities are endless at the free zone. If you are looking for quality, efficient facilities and services, reliability and cost effective solutions, your choice should certainly be Hamriyah Free Zone – Sharjah.

10 Major Trade & Investment advantages
  • Strategic location to access global markets
  • Access to the UAE and GCC markets
  • Attractive investment incentives
  • Abundant and inexpensive energy
  • Developed infrastructure
  • Land for lease for investor development
  • Purpose built office accomodation, warehousing and factory units
  • Three seaports and international airport
  • Favourable low cost living conditions
  • Low labour costs
Tax Benefits

- No corporate profits tax No personal income tax
- Modern Legal Framework and Security of Investment

The UAE is member of the World Trade Organisation and the Berne Convention on intellectual property rights protection, demonstrating the national commitment to the integrity of foreign investments.

The same respect that is embodied in the UAE's participation in these accords at the international level, is also translated down to the 'micro' level of each investment.

Through the Emiri Decree establishing the Hamriyah Free Zone, investors are guaranteed security of investment and full repatriation of profits and capital.

COMPANY SETTING UP

Hamriyah Free Zone procedures for setting up a company are easy and well streamlined. The simple procedures and formalities make it possible to obtain a license within 24 hours of submitting all requisite documents.

The basic steps towards establishing a branch or incorporating a new company (FZE/FZC):

Lease & Licence

- The investor completes the License Application form and provides his project details.
- Project Approval. The project is given a 'provisional approval' so that legal documents may be prepared.
- Legal Documentation. The investor provides all documents of the parent company for opening a branch of a local/international company. For new incorporations, an FZE/FZC application submitted and the minimum capital is deposited with a UAE Bank for a temporary period of 1-2 days.
- Signs Agreement and makes payments
- Issuance of lease and licence
- For new Incorporations: Certificate of Incorporation etc. will also be issued

Branch of a Local / International company

Basically, whether the branch is of a local company or of an international company, no capital is required to be deposited with the bank. The following documents should be provided.

Local Company
  1. License or Certificate of Commercial Registration from the Economic Department. (Notarized copy)
  2. Memorandum and Articles of Association of the company. (Notarized copy)
  3. Board Resolution for opening a branch in Hamriyah Free Zone and to appoint the manager for the Free Zone operations (Notarized copy) with his passport copy and Power of Attorney.
  4. Bank’s reference letter regarding creditworthiness of the company (Original).
International Company
  1. Certificate of Incorporation/Good-standing (Notarized copy)
  2. Memorandum and Articles of Association of the company (Notarized copy)
  3. Board Resolution for opening a branch in Hamriyah Free Zone and to appoint the manager for the Free Zone operations (Notarized copy) with his passport copy and Power of Attorney.
  4. Bank’s reference letter
New Incorporation: Free Zone Establishment (FZE) / Free Zone Company (FZC)

Free Zone Establishment (FZE) is a single share holder limited liability company which can be incorporated in Hamriyah Free Zone. The minimum capital requirement for incorporating a Free zone Establishment (FZE) is Dhs.150,000 (Approximately US$ 40,000). However Free Zone Company (FZC) will be a similar incorporation with multiple shareholding (maximum 5 shareholders).

Important aspects of an FZE / FZC
  • An FZE / FZC is a limited liability entity.
  • Not only natural persons but juristic persons like Companies can also incorporate FZE/FZCs in Hamriyah Free Zone.
  • The Registration/Incorporation Charge is Dhs. 9,000.
  • FZE / FZC's, like branches of local or foreign companies, will have to get a Free Zone License after incorporation/Registration.
  • An FZE will be sole shareholder company. An FZC will be multi shareholder company with 2 to 5 shareholders.
  • The minimum share capital for FZE/ FZC is AED.150,000. This will not be blocked, but can be used for business.
  • An FZE Shares shall be in multiples of AED. 150,000/- whereas an FZC Shares shall be in multiples of AED. 1,000/-
  • No share may be transferred without prior written approval of HFZA.
  • The Financial Years shall be from January to December each year, except the commencement of the first year which shall be the date of Incorporation.

Incorporation Procedure
  • An FZE Application (contains format of Memorandum also) needs to be submitted with documents.
  • On Approval of the Project for which the FZE/FZC is proposed to be incorporated, HFZA will issue a letter to a UAE bank of the Investor's choice to open an account in the name of the FZE/FZC and to deposit the minimum capital.
  • On production of bank's letter for receiving the minimum capital in the new FZE/FZC bank account, HFZA will issue a FZE / FZC Certificate of Incorporation after signing the agreement and making payments.
  • The Investor can start withdrawing the amount for his business on submission of original Certificate of Incorporation to the bank.

Minimum Legal Requirements
  • Free Zone Establishments (FZE) / Free Zone Company (FZC) should abide by the FZE / FZC Implementing Rules and Regulations. FZE Implementing Rules and Regulations are equivalent to its Memorandum and Articles of Association where as FZC Implementing Rules and Regulations are equivalent to its Articles of Association.
  • FZE/FZE should submit its audited financial statements to Hamriyah Free Zone Authority every year within 3 months from the end of the financial year.
  • There should be at least 2 Directors and a Secretary for FZE / FZC's.
  • If a foreign national is to be appointed as a Director or Secretary, HFZA may require that such persons hold valid residence and work permit from the relevant authorities.
  • At least one of the Directors and the Secretary must be residents.
  • The offices of Director and Secretary may be held jointly by a single person.


For Individuals
1. Personal details of the Owner
2. Bank’s reference (Original)
3. Letter of Appointment for the Manager with specimen signature (Notarized) along with his passport copy and Power of Attorney.

For Companies
1. Certificate of Incorporation/Registration of the Company. (Notarized)
2. Bank’s reference letter regarding creditworthiness of the company. (Original)
3. Letter of Appointment for the Manager with his specimen signature (Notarized) along with his passport copy and Power of Attorney.
  • Upon signing the agreement for Facility Lease and Personal Secondments the Free Zone prepares the license.
  • On payment, the Free Zone issues the license and all other related documents.

TYPE OF LICENSE

The type of License that will be issued to an applicant company will be defined by the activity the applicant company is permitted by the Hamriyah Free Zone to undertake as follows:

1. Industrial License
This license will allow the holder to import raw materials for the purpose of manufacturing, processing and/or assembly of specified products. The finished products may be exported outside the UAE. If the finished products are sold in the UAE market then the License holder will need to do this through a local distributor or a local agent.

2. Commercial License
This license will allow the holder to import, export, sell, distribute and store items specified on the license. If the finished products are sold in the UAE market then the License holder will need to do this through a local distributor or a local agent.

3. Service License
This license allows the holder to carry out the services which are specified on the license within the Hamriyah Free Zone only.

4. National Industrial License
Companies holding a National Industrial License are allowed customs duty exemption on their products imported into the AGCC states.

This License provides the license holder the same status as local or AGCC companies inside the UAE. A National Industrial License is issued on the following conditions:

The company is a manufacturing concern registered in any of the AGCC (Arabian Gulf Cooperation Council - Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates) countries.
At least 51% of the ownership or shareholding is held by an AGCC citizen.
At least 40% of the value of the product is added in the Free Zone.

The holder of National Industrial License can import raw materials for the purpose of manufacturing, processing and/or assembly of specified products. The finished products may be exported outside the UAE. The activity must comply with the National Industrial Production Certificate, issued by the Ministry of Finance & Industry to the License holder.



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