Establishing a company in the Hamriyah Free Zone in Dubai represents an ideal opportunity for investors seeking to benefit from a developed and stimulating business environment for growth. ITQAN is considered one of the companies that can benefit greatly from its location in this vital investment area.

In this article, we will explore how to set up a company in the Dubai Free Zone, from basic steps such as choosing a company type and registering it, all the way to obtaining the necessary licenses and permits from local authorities. We will highlight the benefits that the Hamriyah Region offers investors, such as freedom for foreigners to own companies, no income taxes, and access to regional and global markets.

In addition, we will provide tips on how to achieve success in establishing a company in the free zone , and how to benefit from the dynamic investment environment in Dubai. Through this article, you will gain a comprehensive understanding of the process of setting up a company in Hamriya and will be prepared to make the most of the investment opportunities available.

Establishing a company in the Hamriyah Free Zone

Establishing a company in the Hamriyah Free Zone

To establish a company in the Hamriyah Free Zone in Dubai, you can follow the following steps:

• Market study and analysis:

Before starting to establish the company, study and analyze the market in the Hamriyah Free Zone. Learn about the opportunities and potential challenges in the sector you are interested in.

• Choosing the company\’s activity:

Determine the type of economic activity you wish to practice in the free zone. Make sure the chosen activity is permitted and compliant with local laws and regulations.

• Choose a free zone:

In this case, select a free zone in Hamriyah in Dubai to establish your company. See and compare the available options based on your needs and the requirements of your economic activity.

• Obtaining licenses and permits:

Contact the Hamriyah Free Zone Authority for specific information about the required licenses and permits. These licenses may include a company license, activity license, work permit, and others.

• Submit a registration request:

You may be required to submit a company registration application and required documents to the free zone authority. The application must be completed, all required documents must be submitted, and the prescribed fees must be paid.

• Company incorporation and legal procedures:

After fulfilling the registration requirements and obtaining the necessary approvals, the company must be officially established and the necessary legal procedures completed. This includes preparing articles of incorporation and documenting the terms and conditions of the company.

• Establishing a company office in the free zone:

Choose a suitable location within the Hamriyah Free Zone to establish the company office. Ensure compliance with free zone requirements and regulations and Dubai laws.

• Compliance with local legislation:

Ensure compliance with all local legislation and regulations in the free zone and compliance with tax, legal, financial reporting and other requirements. It is worth noting that if you establish a company in the Hamriyah Free Zone, the specific laws and regulations may vary based on local policies and legislation which may change over time. Therefore, it is advisable to communicate directly with the Hamriyah Free Zone Authority or the relevant authorities to obtain updated and accurate information about the current establishment and licensing procedures.

What are the fees required to establish a company in the Hamriyah Free Zone?

The costs of establishing a company in the Hamriyah Free Zone may vary depending on the type and structure of the company, and the additional services you may need. However, here are some of the required fees that may be involved in the company formation process in this region:

1. Licensing and registration fees: These fees include the costs of registering the company and obtaining the necessary licenses from the local authorities in the free zone.
2. Commercial address fees: The process of establishing a company may require the use of an approved commercial address in the free zone, and may incur additional costs.
3. Legal and advisory services fees: You may need to use the services of a lawyer or legal advisor to assist you in legal procedures and provide necessary advice, and therefore these services may include additional fees.
4. Work and residence fees: The company incorporation process may require the collection of fees for work and residence visas for employees and officials who will work in the company.
5. Administrative services fees: There may be fees for management and support services provided by the free zone, such as logistics services and assistance with daily administrative procedures.

The most important documents required to establish a company in the Hamriyah Free Zone

There is a list of documents required to establish a company in the free zone that may vary slightly depending on the type of company and the planned business activities, but in general, these documents can include:

• Incorporation application form: This is the form that is submitted to government agencies to request the establishment of a company.
• A copy of the shareholders’ personal ID or passport: A certified copy of the ID of the company’s main shareholders must be submitted.
• Lease Contract for Commercial Address: A valid lease contract must be submitted for the commercial address used as the company’s headquarters.
• Authority to establish the company: If there is another person authorized to submit applications and signatures on behalf of shareholders, this document may be necessary.
• Details of shareholders and directors: Detailed personal information about the relevant shareholders and directors of the company must be provided.
• Business plan: Concerned parties may request a business plan that explains the company’s goals and future plans.
• Details of financial capital: The financial capital allocated to the company and its source must be clarified.
• Business-specific permits and licenses: There can be special licenses required for some businesses.
• Signed Signature Forms: Some stakeholders may require signed signature forms for shareholders and directors.
• Certificates and other documents upon request: Government agencies may request additional documents depending on the type of company and the requirements of local law.

Advantages of establishing a company in the Hamriyah Free Zone

Establishing a company in the free zone   gives you many advantages and benefits that may include:

• Complete independence: Companies located in the Hamriyah Free Zone have complete freedom to manage and operate their businesses in line with their vision and strategic objectives.
• No taxes on profits: Companies in the Hamriyah Free Zone enjoy complete exemption from taxes on profits for a certain period, which helps them achieve sustainable financial and investment growth.
• Ease of establishment and registration: The flexible business environment in the Hamriyah Free Zone allows the process of establishing and registering companies quickly and simplified, which saves time and effort for investors.
• Access to the regional and global market: Hamriyah Free Zone is located in a strategic location, making it an ideal entry point into the local, regional and global markets.
• Advanced Infrastructure: Hamriyah Free Zone provides advanced infrastructure that includes logistical facilities, commercial centers, and production facilities, which helps businesses operate with high efficiency.
• Supportive government policies: The UAE government adopts supportive policies aimed at encouraging foreign investments and stimulating the growth of the private sector in the region.
• Easily access to skilled workers: Hamriyah Free Zone provides access to a diverse, skilled labor base that contributes to the development and growth of companies.
• Legal and security protection: The UAE provides a stable and reliable legal and security environment, which ensures the protection of investments and assets.

Tips for establishing a company in the Hamriyah Free Zone

Here are some tips that may help you establish a company in the Hamriyah Free Zone :

1. Market study and good research: Conduct a comprehensive market study to understand the demand and supply in the Hamriyah Free Zone and identify available investment opportunities.
2. Choosing the appropriate business activity: Choose a business activity that suits the local market and is in line with your personal experiences and skills.
3. View local regulations and legislation: Make sure you fully understand the laws and regulations that govern the operations of companies in the Hamriyah Free Zone.
4. Good financial planning: Determine a clear and specific financial budget for establishing and operating the company during the first period.
5. Connect with legal and financial advisors: Be sure to consult a local lawyer or financial advisor with experience in business in the free zone for professional and strategic advice.
6. Choose partners carefully: If you intend to establish a joint company, choose partners who share your vision and goals and possess the appropriate skills and experience.
7. Registration and Licenses: Follow all necessary procedures to register the company and obtain the necessary licenses and permits to start working efficiently.
8. Invest in marketing and promotion: Determine an effective marketing plan to promote your company and services and make the most of the available marketing opportunities.
9. Building good relationships with government agencies and the local community: Build a strong network of relationships with government agencies and the local community to support the success of your company and facilitate its operations.
10. Continuous innovation and development: Be prepared to respond to changes in the market and continuously update processes and services to stay competitive.

At the conclusion of this article, we realize the importance of establishing companies in the Hamriyah Free Zone as it provides an ideal environment for business and investment. This region enjoys government facilities and advanced facilities that make it a preferred destination for investors. With its flexible and supportive policies, Hamriyah Free Zone provides multiple opportunities for companies to achieve growth and prosperity in the global business market.

The most important frequently asked questions about establishing a company in the Hamriyah Free Zone