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HAMRIYAH FREE ZONE COMPANY FORMATION

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VAT in the UAE

12 February 2017

As announced in February 2016 by the UAE Minister of State for Financial Affairs, His Excellency Obaid Humaid Al Tayer, the UAE will introduce a Value Added Tax (VAT) of 5% beginning January 1, 2018. The six other states that make up the Gulf Cooperation Council (GCC) region will also be implementing a VAT during this time and/or by January 1, 2019 at the latest [...]

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UAE Free Zones – The Key for Fulfilling Economic Substance Requirement

1 September 2016

Incorporating in the UAE offers the leverage to foreign businesses to keep up with the requirements of tax authorities for economic substance through its free zone (FZ) structures. Businesses of any size can now take the opportunity to locate their business functions in the UAE and benefit from substantial tax savings, while satisfying the criteria for economic substance. [...]

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HAMRIYAH FREE ZONE

Hamriyah

Our commitment

  • Your Company in Hamriyah Free Zone in 15 working days. *
  • A very competitive price, in complete transparency.
  • Complete confidentiality.
  • UAE Residency Visa for yourself and family members.
  • Your company with a bank account, including eBanking and debit card.
Contact us to register your company

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
No company directors names are 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 means of communication
Local sponsor requirement
Not needed
Residence visa issuance
Residence visa issued
Number of directors needed
Minimum 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