Mimo Legal Consulting

Established in 1995, Hamriyah Free Zone has become one of the lucrative and well-developed free zones in the UAE within a short period of time.  Hamriyah Free Zone is port based free zone located in Sharjah, which is the third largest and fast growing emirate of the UAE. The free zone provides competitive incentives and unique opportunities to establish a business in a tax free environment, full foreign company ownership, exemptions from all commercial levies and repatriation of capital and profits. Hamriyah Free Zone manages an area of approximately twenty two million square meters of prime industrial and commercial land and a 14 meter deep water port which includes room for expansion.

Types of Business Activities

Both individuals and legal entities can set up a trading, industrial, and service providing companies in Hamriyah Free Zone. Trading License allows importing, exporting, distributing, selling, storing specific products (up to 5 different products) within the Free Zone. Industrial License allows manufacturing, processing, assembling and packaging, and importing raw materials for abovementioned purposes. Service License allows providing various types of services as management consultancy, auditing of accounts, HR consultancy and many other services.

Types of Companies

  • Free Zone Company (FZCO) - FZCO is a legal entity which can be owned by min. 2 and max. 5 individuals and/or by legal entities. Liability of the FZCO is limited
  • Free Zone Establishment (FZE) - FZE is a 100% single owned company by either individual or legal entity. Liability of FZE is limited.
  • Branch - Any company can register its branch in HFZ provided the license activities of the parent company and its branch are similar

Hamriyah Free Zone Benefits

Hamriyah Free Zone offers following benefits:

  • 100% income, corporate tax exemption
  • 100 % foreign ownership
  • No minimum capital requirement
  • Can open a bank account(s) in UAE based banks
  • 100% capital and profit repatriation
  • Proximity to entire Gulf and global markets
  • Fast and cost effective setting up
  • A physical presence in the UAE with an actual office, phone, fax numbers and P.O. Box number
  • 3 year renewable residency visas in the UAE shall be provided for shareholders and employees of the company

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