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Hamriyah Free Zone Dubai – Investing in Dubai

١٤ أبريل Hamriyah Free Zone Dubai – Investing in Dubai

Hamriyah Free Zone Dubai

Hamriyah Free Zone is located in Dubai, United Arab Emirates, and is one of the main free zones in Dubai. The zone covers an area of ​​approximately 100 hectares, and provides a favorable investment environment for local and international companies.

progress Dubai Free Zone Many logistics, industrial, commercial and investment services, including rental, storage, distribution, manufacturing, assembly and other services. The region also provides a modern and advanced infrastructure, including communications networks, roads, ports and airports.

Hamriyah Free Zone Dubai enjoys an important strategic location, as it is located close to Jebel Ali Port and Dubai International Airport, which facilitates import, export and distribution operations for companies located in the region.

Hamriyah Free Zone adopts a comprehensive approach to provide a flexible and favorable business environment for companies, by providing fast licensing services and flexibility in establishment, management and operation procedures, and also provides support and financing programs for emerging and medium-sized companies.

Hamriyah Free Zone is considered one of the successful free zones in Dubai, and attracts many companies and investors from all over the world.

Hamriyah Free Zone Dubai

Hamriyah Free Zone Dubai

Hamriyah Free Zone Dubai

form Free Zones in Dubaiincluding the Hamriyah Free Zone, are an integral part of the emirate’s economic and commercial infrastructure. These areas are a vital hub for business and investment, providing an ideal environment for companies to grow their businesses and achieve their commercial goals. These free zones offer a range of facilities and competitive advantages that make them a preferred destination for local and international companies.

Hamriyah Free Zone features an advanced infrastructure with modern and integrated facilities, which facilitates companies’ operations and increases their efficiency. In addition, the free zone offers attractive tax exemptions and customs facilities that help companies reduce costs and increase profitability. The zone also enjoys a distinguished strategic location that facilitates access to regional and global markets.

It is worth noting that Hamriyah Free Zone also provides a dynamic and diverse business environment, where companies can collaborate with each other and exchange experiences and knowledge, which helps them develop and grow their businesses better. Ultimately, Hamriyah Free Zone is an ideal choice for companies seeking to achieve success and prosperity in the Dubai market and beyond.

Conditions for establishing companies in the Hamriyah Free Zone, Dubai

Terms vary. Establishing companies in the free zone In Hamriyah Dubai, depending on the type of company and its activity, it is important to adhere to the conditions specified by the relevant authorities. However, here are some general conditions that must be adhered to in order to establish a company in the Hamriyah Free Zone:

  1. Submitting an application for establishment: The company establishment application must be submitted to the competent authorities in the Hamriyah Free Zone, along with the required documents and prescribed fees.
  2. Get a license: The necessary licenses must be obtained from the relevant authorities, including the activity license, building license, health and safety license, and others.
  3. Required capital: The capital required to establish the company must be determined and provided, and this varies according to the type of company and its activity.
  4. Compliance with laws and regulations: You must comply with local and federal laws and regulations regarding the establishment and management of companies.
  5. Choosing the right partners: If there are partners in the company, the appropriate partners must be selected and the necessary agreements and contracts must be provided.
  6. Commitment to financial reporting: The required financial reports must be submitted according to the specified schedule.
  7. Obtaining residence visas: Residence visas must be obtained for foreign employees and investors working in the company.

Other terms and requirements specified by the competent authorities in the Hamriyah Free Zone must be adhered to. It is recommended to contact the relevant authorities to find out the exact requirements for establishing the company.

Documents required to establish a company in the free zone

Required documents vary. To establish a company in the free zone In Hamriya, depending on the type of company and its activity, the following are some general documents that may be required:

  • A copy of the passport or personal identity card of the founders and directors.
  • Letter of authorization for the person authorized to establish and manage the company.
  • Company incorporation certificate and a copy of the social contract.
  • Bank details and a bank report proving the founders’ ability to provide the capital required to establish the company.
  • A business plan that includes details of the company’s activity, financing plan and financial goals.
  • A copy of the activity and construction license, health and safety license, and other required licenses.
  • Bank deposit certificate and health insurance.
  • A certificate stating that the company has no objection to competing in the market.

It is also recommended to contact the competent authorities in the Hamriyah Free Zone to find out the exact documents required to establish a company in the zone.

Fees required to establish a company in the free zone

Fees vary. To establish a company in the free zone In Hamriyah, depending on the type of company, its activity, and the services required. It is important to adhere to the fees specified by the relevant authorities. Among the common fees that may be requested by the relevant authorities are:

  1. Company registration fees: These are the fees required to register the company in the commercial register, and they vary according to the type of company and the registered capital.
  2. Activity license fees: These are the fees required to obtain a license to practice commercial activity in the Hamriyah Free Zone.
  3. Building permit fees: These are the fees required to obtain a building permit and qualify the commercial facility in the free zone.
  4. Health and Safety License Fees: These are the fees required to obtain a health and safety license and ensure that the facility adheres to health and safety standards and regulations.
  5. Advertising license fees: These are the fees required to obtain a license to display advertisements within the free zone.
  6. Inspection fees: These are the fees required for regular inspection and examination of the commercial establishment to ensure its compliance with standards and regulations.

It is recommended to contact the competent authorities in the Hamriyah Free Zone to know the exact fees required to establish a company in the zone.

Legal types of companies allowed in the free zone

In Dubai free zones, a variety of legal types of companies are allowed to be established, these typically include:

  • Limited Liability Company (LLC): A limited liability company is a popular option, where shareholders have limited liability for the company’s debts.
  • Sole Proprietorship: In some free zones, sole proprietorships are allowed, where the sole owner and director of the company are the same person.
  • Partnership: A partnership can be established in some free zones, where the shareholders have joint liability for the company’s debts.
  • Joint Stock Company: In some free zones, it is permitted to establish joint stock companies that can have a registered capital.
  • Private Company: Private companies are a popular choice for business activities in free zones, as they are subject to specific laws and regulations.
  • Public Company: In some free zones, it is permitted to establish public companies whose shares can be traded on public financial markets.

Establishing a company in the Hamriyah Free Zone, Dubai

Establishing a company in the Hamriyah Free Zone, Dubai

Financial facilities available to start-ups in the free zone

In Dubai’s free zones, financial facilities and support are usually available to start-ups and medium-sized enterprises to enhance their growth and prosperity. Among the financial facilities available are:

  1. Credit facilities: Some banks and financial institutions in the free zones offer credit services to startups, allowing them to obtain the necessary financing to expand their businesses and achieve their goals.
  2. Government financial support programs: The local government in Dubai usually offers financial support programs for startups through relevant entities, such as the Dubai Economic Development Authority (DED) and the Federal Authority for Human Resources and Emiratisation (MOHRE), which provide financial support and training to SMEs.
  3. Government financing programs: Startups can take advantage of government financing programs designed to provide the capital needed to start or expand a business.
  4. Foreign Direct Investment Assistance: Dubai’s free zones provide a favourable investment environment for startups looking to attract foreign direct investment, and can assist in this regard by providing the necessary information and support.
  5. Training and development programs: Free zones provide training and development programs for start-ups to enhance their skills and increase their chances of success in the market.

Advantages of establishing a company in the free zone

Establishing a company in the free zone It comes with many advantages and benefits, the most prominent of which are:

  • Tax exemptions: Free zones typically offer income and corporate tax exemptions for specified periods of time, helping to reduce costs and increase profits.
  • Customs facilities: Free zones provide customs facilities including exemption from customs duties and taxes on imports of raw materials and equipment, which facilitates import and export operations for companies.
  • Advanced business environment: Free zones feature advanced infrastructure including modern offices, warehouses and integrated logistics facilities, making it easier for companies to carry out their activities efficiently and effectively.
  • Government facilities: Free zones provide significant government support, including multiple services provided by local government entities to support business growth and infrastructure development.
  • Access to regional and global markets: Free zones enhance access to regional and global markets through their strategic location and the trade facilities they offer.
  • Easy access to skilled labor: Free zones typically have an active and diverse labour market, making it easier for companies to attract and retain skilled and talented workers.

Concluding our article on Dubai Free ZoneWe can emphasize the importance of this region as a distinct and ideal investment destination for establishing companies and developing businesses. The Hamriyah Free Zone is characterized by providing an advanced and encouraging commercial environment, as it provides the necessary facilities and tax exemptions to support the growth of companies and enhance their attractiveness to investors.

With its advanced infrastructure and integrated logistics services, Hamriyah Free Zone provides an ideal environment for companies to grow their businesses and achieve their commercial goals efficiently and effectively. The free zone also provides significant government support and encourages innovation and knowledge exchange among resident companies.

Frequently Asked Questions About Free Zone

Can foreigners establish companies in free zones?

Yes, foreigners can establish companies in Dubai’s free zones under certain conditions, and these conditions vary between different free zones.

What are the basic procedures for establishing a company in the free zone?

The basic procedures include choosing the appropriate economic activity, submitting the required documents, obtaining the necessary licenses and permits, opening a bank account, and signing official contracts.

What business activities are allowed in the free zone?

Permitted business activities vary by free zone, but generally include industrial, commercial, service, technology, logistics, e-commerce, and others.

What are the expected costs of establishing a company in the free zone?

Costs consist of licensing fees, rental costs, administrative service fees, legal fees, and any additional costs related to the company’s activity.