Establishing a company in the Hamriyah Free Zone, the Hamriyah Free Zone is one of the vibrant economic zones in Dubai, as it combines advanced infrastructure with easy economic legislation, making it an ideal location for establishing companies and economic growth. In cooperation with Itqan Company, investors can benefit from its extensive experience in the field of company establishment and legal consultations, to facilitate all procedures necessary to start businesses in this strategic free zone. Establishing a company in the Hamriyah Free Zone. Itqan Company provides a comprehensive range of services, including incorporation consultations, preparation of legal documents, and mediation with official authorities to obtain the necessary licenses. Thanks to this comprehensive support, investors can focus on growing their business confidently and seamlessly within an environment that encourages innovation and success in the thriving Hamriyah Free Zone. The emirate has a view of the Arabian Gulf to the west and the Gulf of Oman to the east, providing access to important emerging markets in several countries such as Saudi Arabia, India, Iraq and Iran.

Establishing a company in the Hamriyah Free Zone

Types of licenses available in the Hamriyah Free Zone

The Hamriyah Free Zone in Dubai is considered one of the most prominent specialized free zones in the United Arab Emirates, providing an ideal investment environment for local and international companies. The zone provides an advanced legal and regulatory framework that makes it easier for entrepreneurs to establish a company in the Hamriyah Free Zone and operate companies efficiently and smoothly. Types of licenses available in the Hamriyah Free Zone:

• Sole Proprietorship License (FZE): This license allows a single business owner to individually own and operate a company within the free zone. This license usually requires at least one contributor.
• Limited Company License (FZCO): This license allows the establishment of a company with multiple shareholders, where international or local shareholders can benefit from this type of license. This type of license allows contracting with various financial contributions in accordance with local rules and regulations.
• Public Limited Company License (PLC): This license allows the establishment of a business company for general business purposes, while providing multiple financial and commercial services. This license requires compliance with specific financial standards and may be specific to specific activities.

Each of these types comes with a range of tax and regulatory advantages that make Hamriyah Free Zone an attractive option for entrepreneurs and companies wishing to invest in Dubai.

Basic steps to establish a company in this region

The Hamriyah Free Zone in Dubai is one of the distinguished free zones in the United Arab Emirates, offering an ideal investment environment for small, medium and large companies alike. Thanks to its advanced legislation and flexibility in procedures, Hamriyah Free Zone attracts companies wishing to grow and expand in the Middle East market. The basic steps for establishing a company in the free zone :

• Determine the type of company and licensing: Investors must determine the type of company to be established, whether it is a sole proprietorship (FZE), limited company (FZCO) or public limited company (PLC) based on the nature of the business and the planned investment.
• Submitting a license application: Investors must submit an official application to obtain a company license in the Hamriyah Free Zone, submitting the required documents and necessary information.
• Obtaining the necessary approvals: After submitting the application, it is reviewed and ensured that it meets all required conditions and standards. Final approvals must be obtained from the relevant authorities before proceeding with the establishment process.
• Payment of licensing fees: The establishment process includes paying licensing fees and administrative fees applicable in the Hamriyah Free Zone, in accordance with local instructions and policies.
• Finding a suitable office and infrastructure: The company must obtain a suitable office space and provide the necessary infrastructure for operation, which may vary depending on the type of license and the company’s requirements.
• Company registration and commencement of operations: After obtaining the license and fulfilling all conditions, the company can be officially registered and commence commercial operations in the Hamriyah Free Zone.

These steps represent the basis for establishing a company in the Hamriyah Free Zone, and require careful follow-up and compliance with local laws and regulations.

Tax and customs benefits of establishing a company in the Hamriyah Free Zone

The Hamriyah Free Zone in Dubai is one of the distinguished investment places in the United Arab Emirates, as it provides an ideal environment for companies to establish and expand their businesses in the Middle East region. This region is characterized by legislation that encourages investment, and therefore companies established there benefit from a range of attractive tax and customs benefits. Tax and customs benefits of establishing a company in the Hamriyah Free Zone:

• No income taxes: The Hamriyah Free Zone is an income tax-free zone for companies located within it, which means that companies do not pay taxes on profits made from businesses inside and outside the Emirates.
• Exemption from customs: Companies in the Hamriyah Free Zone enjoy complete exemption from customs duties on import and export, which facilitates international shipping and trade operations and reduces production and distribution costs.
• Favorable investment policies: The Hamriyah Free Zone supports favorable investment policies that include tax exemptions and flexibility in trade regulations, making it a preferred stop for international companies to explore investment opportunities without major legal obstacles.

Thanks to these tax and customs benefits, the Hamriyah Free Zone is an attractive option for companies looking for a flexible legislative and investment environment that will help them achieve their successes in the Middle East market and beyond.

Financial requirements for establishment

Financial requirements for establishment

The Hamriyah Free Zone in Dubai is considered one of the most prominent specialized free zones in the United Arab Emirates, as it provides an ideal investment environment for small, medium and large companies alike. The region is characterized by advanced legislation that helps facilitate establishment and operation processes, making it a preferred destination for companies seeking growth and expansion in the regional and global market. Financial requirements for establishment:

• Basic capital: Establishing a company in the Hamriyah Free Zone requires specifying basic capital, which can vary depending on the type of company incorporated, such as sole proprietorship (FZE) or limited company (FZCO). Capital depends on the scope of business activities and expected investments.
• License costs and fees: An administrative fee is charged for submitting a license application in the Hamriyah Free Zone, and must be paid in a timely manner during the establishment process. These fees vary depending on the type of company and services provided.
• Office and infrastructure costs: The company must obtain suitable office space and secure the necessary infrastructure for operation, which requires bearing the costs of office rent, maintenance and other services.
• Additional expenses: Additional expenses may include the costs of hiring employees and providing health and social insurance, in addition to advertising and marketing costs for the new company.

Hamriyah Free Zone is committed to providing a transparent and supportive investment environment, making it easier for companies to start and grow successfully. These financial requirements require good planning and adequate financial resources to ensure a successful start of the company in the region.

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 is a successful strategic step towards exploiting the great economic opportunities offered by this vital region in Dubai. By partnering with Itqan, investors can overcome the challenges they may face in the process of establishing a company, and benefit from experience and specialization at every stage of this process.

Itqan Company provides comprehensive support that includes customized incorporation consultations and meticulous preparation of legal documents, in addition to coordination with local authorities to secure all necessary licenses. With this integrated support, new businesses can grow smoothly and focus on achieving their business goals efficiently.

The Hamriyah Free Zone features advanced infrastructure and facilitating legislation that attracts international companies, making it a strategic location for innovation and growth. Accordingly, investing in this region is undoubtedly strategic and rewarding, as it provides the opportunity for companies to expand their business and achieve success in a competitive global market.

In short, Itqan is a reliable partner for investors seeking to establish their companies in the Hamriyah Free Zone, providing the necessary support to ensure a successful start and a prosperous future for new businesses.

Frequently asked questions about establishing a company in the free zone