Hamriyah free zone authority (HFZA free zone) is place in the middle of Sharjah. HFZA free zone was establish in 1995. The main objective of Hamriyah free zone was to provide a trouble free business location. That is to the business starter. HFZA free zone provide an elastic as well as vibrant authority. That is to guarantee an investor friendly atmosphere for company formation in hamriyah free zone.
Sharjah is the one and only state of UAE; which have ports on both east side and west side as well. That is, which offer a direct access to the Indian Sea. Sharjah is having an international airport. This will connect you to more than 230 cities around the world. Hamriyah free zone also manages more than 22 million square meters of land. That is which consist of industrial and as well as commercial land.
The aim of a Hamriyah free zone authority (HFZA free zone) is; that it is the most efficient as well as the most cost effective free trade zone. Thus most of the investors are widely looking for the hamriyah free zone. As their incorporation zone to get the benefit of cast effective zone and operate profitably, safely.
Hamriyah Free Zone is ISO certified free trade zone; that is for Sharjah free zone company formation. And it receive many honors. The procedure of hamriyah free zone company formation is according to the ISO stander. Hamriyah free zone company setup procedures are easy as well as rational; that is making it possible for an investor to get the license within 24 hours; after submitting of all the documents.
Advantages of Hamriyah free zone company formation
Hamriyah free trade zone has a great edge; over the other free zone; due to a strategic location in the UAE.
License are issue in 2 days or less for Hamriyah free zone company
At this point let me tell you one more benefit; that is 100% owner ship are allows to an expat in HFZA free zone company
Hamriyah free zone has low setup costs
100% free from Import as well as Export tax.
The HFZA free trade zone supports all free zone investors; that is for their business setup.
HFZ free trade zone offer many facilities to investors. which include the low set up cost; and also 100% tax free; also bank account; and also 0% custom duty; and also there is no currency moving restriction.
100% Repatriation of capital and profits allowed
Hamriyah free zone has low labor costs
100% Foreign company owner ship is allow; that is in Hamriyah free zone company formation
Types of company formation in Hamriyah free zone
Following are the 2 main type of company formation in Hamriyah free zone.
Free Zone Company (FZC); Hamriyah free zone company is like FZE in all aspects. But the only different in both are the number of share holders; that is FZC require two or more then share holders; while FZE require only one share holder.two to a FZE; but note that in FZC maximum 5 share holders are allow.
Free Zone Establishment (FZE); Hamriyah free zone (FZE) require only one share holder; and it is a LLC company.
The types of Hamriyah free zone company registration
Following are the 3 main type of license allow in HFZA free zone.
Industrial License: This kind of a license will allow the share holder; that is to import raw materials for the purpose of manufacturing; processing and / or assembly of products.
Service License: This kind of a license allows the share holder to carry out the services; that is which are on the license; but within the Hamriyah Free Zone only.
Commercial License: This kind of a license will allow the share holder to sell; distribute, import, export; as well as store items which are allow on the license.
Documents required for business setup in hamriyah free zone
Documents required for fze / fzc
Individual share holder
A sign application form for HFZA free zone.
Bank Reference Letters for HFZA free zone.
Original Bank Share Capital Letter is require; that is if the share Capital is more than the License fees; otherwise it is not requires.
Share holders Personal Details; POA (if any) and clear passport copy; that is validity of 6 months.
Passport copy & P.O.A for Manager, Director as well as for Secretary.
Corporate Share holder
Certificate of Incorporation; that is (COI) of mother Company, and as well as an M.O.A of the Parent Company.
Applications forms properly sign by the share holder.
Letter from the shareholding company for the appointment of Manager.
Board Resolution calling for the formation of FZE / FZC in Hamriyah free zone; attachment of Specimen Signature, Passport copy & POA for Manager; Director as well as Secretary.
Original Bank Share Capital Letter is require. That is if the share Capital is more than the License fees; otherwise it is not requires.
Documents required for Branch Company
Letter from the parent company for the appointment of Manager.
Certificate of Good Standing or Certificate of Incorporation; MOA of the Mother Company, Attachment of Specimen Signature; Passport copy & POA for Manager as well as Directors.
Board Resolution calling for the formation of a branch in Hamriyah free zone. And promise full financial commitment.
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