Establishing a company in the Hamriyah Free Zone

Establishing a company in the Hamriyah Free Zone. The Hamriyah Free Zone is considered one of the most prominent free zones in the Emirate of Sharjah, as it provides a distinguished commercial environment for investors and entrepreneurs. This region is distinguished by its strategic location that allows quick access to major ports and airports, making it a major attraction for companies seeking expansion and growth. Establishing a company in the Hamriyah Free Zone provides many benefits, including full foreign ownership, distinct tax exemptions, and simplified registration procedures that contribute to accelerating the business establishment process.

Itqan Company contributes to facilitating the process of establishing a company in the Hamriyah Free Zone , by providing integrated consultations and professional support services. The incorporation process begins with choosing the appropriate type of company and business activity. Itqan provides the necessary advice to choose the most appropriate structure and determine strategic objectives. The company then assists in preparing and submitting the required documents, including the business plan, application form, and lease contract for the commercial premises.

In addition, Itqan provides support in dealing with government agencies to ensure full compliance with legal and regulatory requirements. Itqan’s services also include providing advice on necessary licenses and facilitating communication with the relevant authorities. Through this collaboration, investors can focus on developing their business and implementing their strategies, while Etqan handles the administrative and legal details.

Establishing a company in the Hamriyah Free Zone in cooperation with Itqan Company is a strategic step towards success in a thriving business environment equipped with the best facilities, which opens wide doors of opportunities for companies to grow and expand into new markets.

Types of companies that can be established in the Hamriyah Free Zone

Establishing a company in the Hamriyah Free Zone is considered one of the most prominent business destinations for investors and entrepreneurs, as it offers an ideal work environment characterized by facilities and tax exemptions, making it an attractive option for establishing companies. Hamriyah Free Zone offers a variety of options for establishing companies, allowing investors to choose the most appropriate structure based on the nature of their activity and business objectives. This flexibility in establishment options contributes to attracting a wide range of economic activities and meeting the needs of various industries. Types of companies that can be established in the Hamriyah Free Zone:

• Limited Liability Companies (LLC): Limited liability companies are a popular option in the Hamriyah Free Zone, as they provide protection to investors from personal liabilities for company debts. A company can have multiple shareholders, and this type of company offers a flexible structure that allows for effective management and flexibility in business operations.
• Holding companies: Holding companies in the Hamriyah Free Zone are used to own shares in other companies and manage and direct their subsidiaries. This type of company is useful for investors who want to pool and manage multiple investments under one entity.
• Commercial companies: Commercial companies include those that carry out sales, distribution, and commercial agency activities. The Hamriyah Free Zone allows investors to establish companies specialized in general trade or retail and wholesale trade, which contributes to meeting the needs of the local and international market.
• Industrial companies: Industrial companies can be established in the Hamriyah Free Zone to manufacture and produce goods and products. The region provides advanced facilities for factories, which contributes to enhancing industrial activity and developing production processes.
• Professional companies: The Hamriyah Free Zone allows the establishment of companies that provide professional services such as legal consultations, financial consultations, and engineering services. This type of company benefits from a supportive work environment that specializes in providing professional services.
• Service companies: include service companies that provide a variety of services including logistics services, tourism services, and information technology services. The Hamriyah Free Zone provides an ideal environment for establishing and operating these companies thanks to the advanced infrastructure and available facilities.

These options are flexible and allow investors to choose the structure that best suits their needs, contributing to achieving their trading goals efficiently and effectively.

Documents required to establish a company in the Hamriyah Free Zone

Establishing a company in the Hamriyah Free Zone represents a strategic step towards entering the business market in Sharjah, which is characterized by many advantages such as full foreign ownership, tax exemptions, and customs facilities. To ensure that the incorporation process runs smoothly and effectively, it is necessary to prepare the required documents and submit them accurately to the competent authorities. These documents provide the necessary basis for company registration and compliance with the legal and regulatory requirements of the free zone. Below is a list of documents required to establish a company in the Hamriyah Free Zone:

• Copy of Passport: A clear copy of the passport must be provided to both shareholders and directors of the company. This document is necessary to verify their identities and register their names in the official records of the free zone.
• A recent personal photo: A recent personal photo is required for both shareholders and directors, which conforms to approved government standards for official photos.
• Copy of Emirates ID: If a shareholder or director is resident in the UAE, a copy of his or her Emirates ID must be submitted.
• Lease contract for the commercial headquarters: A documented lease contract must be submitted for the headquarters in which the company will operate. This contract must be certified by the competent authorities and comply with the requirements of the free zone.
• Detailed business plan: The free zone requires the submission of a detailed business plan that explains the type of business activity, the company’s goals, and future growth and expansion strategies. This plan is essential for obtaining a business license.
• License Application Form: The commercial license application form must be filled out accurately and include details about the proposed business activity and information about shareholders and directors.
• Memorandum of Association and Articles of Association: The Memorandum of Association and Articles of Association include details of the company’s structure, the rights and duties of shareholders, the objectives of the company, and the distribution of profits and losses. This contract must be certified and in accordance with the laws of the free zone.
• Proof of Address: Provide proof of address to both shareholders and directors, such as a utility bill or lease, to verify their residences.
• Certificate of good standing: A certificate of good standing may be required for certain shareholders or directors, especially if the business requires a high level of honesty and trust.
• Capital Certificate: Providing proof of the existence of the capital required to establish the company, which may include depositing a certain amount in an approved bank account.

Preparing these documents accurately and professionally contributes to accelerating the establishment process and ensures the company’s compliance with the legal and regulatory requirements in the Hamriyah Free Zone.

Our company’s role in establishing a company in the free zone

Establishing a company in the Hamriyah Free Zone in cooperation with Itqan Company represents a unique investment opportunity that benefits from a commercial environment that supports growth and innovation. The Hamriyah Free Zone provides many advantages, including full foreign ownership, tax exemptions, and customs facilities, making it an ideal destination for companies looking for expansion opportunities in new markets. Cooperation with Itqan Company enhances the chances of success by providing comprehensive and professional support throughout all stages of establishing the company.

Itqan Company is distinguished by its deep experience in the field of establishing companies and providing specialized consultations, which helps investors navigate between legal and administrative procedures smoothly and effectively. Through its services, Itqan contributes to simplifying the establishment process, from choosing the type of company and its activity, to providing support in submitting the necessary documents and dealing with government agencies. This cooperation can remove many of the complexities that startups may face and ensure full compliance with legal requirements.

Success in establishing a company in the Hamriyah Free Zone is not only about achieving commercial goals, but it is also the beginning of a long journey of growth and expansion. Itqan Company provides investors with strategic support that helps them achieve their goals with the highest level of efficiency. By relying on Itqan’s expertise, new companies can take advantage of the facilities available in the free zone, and make the most of the economic opportunities it offers.

In the end, establishing a company in the Hamriyah Free Zone in cooperation with Itqan Company represents a strategic step towards success in a suitable business environment equipped with the best facilities, which provides great opportunities for growth and innovation in a competitive and evolving market.

Frequently asked questions about establishing a company in the free zone