Hamriyah Free Zone Company Formation: Cost and Timeframe

Hamriyah Free Zone is a popular destination for entrepreneurs looking to set up a company in the UAE. With its strategic location, world-class infrastructure, and business-friendly environment, it’s no wonder why. If you’re considering company setup in Hamriyah Free Zone, this guide will provide you with all the essential information you need, including the cost and timeframe for the process.

Hamriyah Free Zone.

Hamriyah Free Zone is a free trade zone located in Sharjah, United Arab Emirates. It was established in 1995 and has since become a popular destination for businesses looking to set up in the UAE. The free zone offers a range of benefits, including 100% foreign ownership, zero corporate and personal income tax, and no restrictions on currency or capital repatriation. It also boasts world-class infrastructure, including a deep-water seaport and an international airport.

Types of companies that can be formed in Hamriyah Free Zone.

Hamriyah Free Zone offers a variety of company formation options to suit different business needs. These include free zone establishments (FZE), free zone companies (FZC), and branch offices. FZE and FZC are independent legal entities with the same benefits as a limited liability company, while branch offices are extensions of a parent company and do not have separate legal status. Companies can also choose to set up as a single shareholder or multiple shareholders.

Cost breakdown for company setup in Hamriyah FreeZone ?

The cost of company formation in Hamriyah Free Zone varies depending on the type of company and the number of shareholders. For a single shareholder FZE, the cost is approximately AED 11,000, while for a multiple shareholder FZC, the cost is approximately AED 15,000. Additional costs may include visa fees, office rental, and other administrative fees. The timeframe for company formation is typically 2-3 weeks, but this can vary depending on the type of company and the completeness of the required documentation.

Timeframe for company setup in Hamriyah Free Zone.

The timeframe for company formation in Hamriyah Free Zone is typically 2-3 weeks, but this can vary depending on the type of company and the completeness of the required documentation. It is important to ensure that all necessary documents are submitted in a timely manner to avoid any delays in the process. Working with a reputable company formation service provider can help ensure a smooth and efficient process.

In addition to the cost and timeframe for company formation, there are other important considerations to keep in mind when setting up a company in Hamriyah Free Zone. These include the type of business activities allowed in the zone, the availability of office space and facilities, and the regulatory requirements for operating a business in the UAE. It is important to do thorough research and seek professional advice to ensure that your company is set up in compliance with all relevant laws and regulations.