HAMRIYAH FREE ZONE COMPANY FORMATION, DUBAI BANK ACCOUNTS AND VISAS
Hamriyah Free Zone. Hamriyah Free Zone Company Formation.
KGN Services specializes in Hamriyah Free Zone Company Formation, establishment of branches of local and foreign companies, opening bank accounts and visa processing services.
Hamriyah Free Zone – General Information
Location: Middle East, bordering the Gulf of Oman and the Persian Gulf, between Oman and Saudi Arabia.
Time Zone: UTC+4.
Currency: Emirati dirham (AED).
Hamriyah Free Zone – Overview
Welcomed business activities:
All business activities are welcomed by the Hamriyah Free Zone.
Key Benefits of Hamriyah Free Zone Company Formation
- No corporate tax
- No personal income tax
- 100% foreign ownership
- 100% repatriation of capital and profits
- Allowed to do business in the UAE
- Allowed to have an office in the UAE
- Company can hold an account in a bank in the UAE
- Possibility to get resident or employment visas for investor and employees
Hamriyah Free Zone Company Formation – Company Types
The Hamriyah Free Zone Authority allows two types of business setups: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) (Applicable for Land / Warehouses). This will not be blocked, but can be used for business.Free Zone Company (FZC) will be a similar incorporation with multiple shareholding (maximum 5 shareholders).
Hamriyah Free Zone – Required Documents
- Passport copy of owners
- No Objection letter from current sponsor (if holding a valid UAE visa) attested from Chamber of Commerce OR Visit/Tourist visa
* Hamriyah Free Zone reserves the right to obtain additional documents if required.
Types of License in Hamriyah Free Zone
The categories of license available within the Hamriyah Free Zone are:
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.
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.
This license allows the holder to carry out the services which are specified on the license within the Hamriyah Free Zone only.
Calculating Your New Free Zone Company in the Hamriyah Free Zone
This is always crucial to understand the initial costs for a company start-up. Below is an overview of the basic expenses associated with a company registration in the Hamriyah Free Zone:1.Type of License and FacilityEach activity of a company falls under a specific License Type. Being a Hamriyah Free Zone licensed entity you are required to rent an office. Investors can choose between E-Office in Porta Cabins and Office in Pre-fabricated Buildings available exclusively for their companies. The Hamriyah Free Zone offers special packages combining license and facility type – “all in-one” for start-up companies.Commercial or Service Trading LicenseCost includes: incorporation fee, service fee, license fee, deposits, utilities and facility.General Trading LicenseCost includes: incorporation fee, service fee, license fee, deposits, utilities and facility.
2. Other Documents
Establishment Card is a mandatory document to enable the company register in the Residency Department. P.O. Box registration is required.
- Establishment Card: AED 1200
- P.O. Box registration: AED 850
3. Visa Application
The manager of the company is the first person who is eligible to obtain visa in the Hamriyah Free Zone. The visa application should be submitted when the passport holder is outside of the UAE. Employment / residence visa is valid for 2 years.
- Resident Visa Application: AED 3,500
- Medical Test and Emirates ID: AED 1,270
* For staff, additional one month salary + one way ticket equivalent applicable
4. WIS Service Packages
Three packages are available for clients’ choice depending on individual needs.
Hamriyah Free Zone Packages – Compare Package Features
Need Help Choosing the Right Package?
Why Choose KGN Services?
We’ve been helping business owners since 1996
Incorporating your business is our focus
We make a complex process fast and easy
We work closely with Companies Registries to guarantee our service
Fastest offshore companies & accounts – Most competitive pricing worldwide
Hamriyah Free Zone Company Formation Services
Worldwide Incorporation Services provides the following services in the Hamriyah Free Zone:
- Hamriyah Free Zone Company Formation
- Investor & Employment Visas
- Full Company Administration & Secretarial Services
- Opening of Bank Accounts
KGN Services | Hamriyah Free Zone Company Formation
Tags: UAQ FTZ | UAQ Free Trade Zone | UAQ Free Zone
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