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Succession planning in United Arab Emirates (“UAE”) for non-Muslim resident and foreign investors: how to protect your assets located in Dubai and in Ras Al-Khaimah?[..]
Due to recent legislative changes and increased compliance with international tax avoidance regulations, Dubai is no longer just a viable option for incorporating a new business. In fact, compared to others and due to these recent developments, it is fast becoming the destination of choice. [..]HAMRIYAH FREE ZONE
Our Commitment
- Your Company in Hamriyah Free Zone formed within 15 working days *
- Competitive and transparent pricing
- Complete confidentiality
- UAE Residency Visa for you and family members
- Setting up your company with a bank account including eBanking and debit card
Hamriyah Free Zone Company Main Characteristics:
| Company type | Free Zone Limited Liability Company |
| Governing corporate legislation | Hamriyah Free Zone Authority |
| Information published relating to company officers | Company director names are not disclosed |
| Confidentiality | Complete confidentiality |
| Accounting requirement | No accounting or auditing requirements |
| Taxation | No corporate or personal taxation |
| Legislation | Hamriyah Free Zone Authority |
| Standard currency | UAE Dirhams pegged to USD |
| Time to form | 15 working days |
| Communication | Efficient communication |
| Local sponsor requirement | Not needed |
| Residence visa issuance | Residence Visa issued |
| Number of directors needed | A minimum of one director |
The types of licenses fall into three basic categories:
- Industrial License:
This license will allow the holder to import raw materials for the purpose of manufacturing, processing and/or assembly of specified products.
- Commercial License:
This license will allow the holder to import, export, sell, distribute and store items specified on the license.
- Service License:
This license allows the holder to carry out the services which are specified on the license within the Hamriyah Free Zone only.
Types of Incorporations:
- Free Zone Establishment (FZE) is a single shareholder Limited Liability Company which can be incorporated in Hamriyah Free Zone.
- Free Zone Company (FZC) is similar in all aspects to a Free Zone Establishment except it allows multiple shareholding (maximum five shareholders).
* Please refer to our Terms & Conditions
