Set up a Company in Hamriyah Free Zone
Set up a Company in Hamriyah Free ZoneUpdated on Thursday 19th January 2017
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The Hamriyah Free Zone was developed on the Hamriyah Port of Dubai thus representing one of the most favorable places for the handling of cargoes of any type and size. If you intend to set up a business in Hamriyah, our Dubai lawyers are ready to assist you in all legal procedures involved.
The advantages of setting up a company in Hamriyah Free Zone
The main strong point of the Hamriyah Port is the access it provides to all the other emirates, as well as to the Indian Ocean and to all countries with an opening to the Arabian Gulf.
The Hamriyah Free Zone is an attractive place for foreign investors because of the granted profits and capital repatriation. The authorities are providing more business incentives such as a tax free financial environment, 100% foreign company ownership, and exemption from commercial taxes. Our law firm in Dubai can give you all the legal instructions regarding the needed permits and formation documents.
The advanced infrastructure makes it easy for any investor to transport its products and employees when demanded by the development of the commercial activity. The low cost of energy is an important aspect which has an immediate effect on the reduction of the company’s monthly expenditures.
As in any of the free zones of Dubai, the time of incorporation of a company is reduced and the procedure by which you may open a company in Hamriyah Free Zone is an easy one.
Company formation in Hamriyah Free Zone
In order to start a company in Hamriyah Free Zone you must choose between the available legal structures and consequently fill an application form for the obtaining of the specific business license. If you intend to open a branch you will need an incorporation document, a copy of the board resolution and the original of the bank reference letter.
In case of company incorporation, you will have to provide a proof of the minimum share capital subscription, bank references, and the company memorandum.
For a fast and professional dealing with the formation documentation, you are invited to contact our law firm in Dubai, who will elaborate the official papers and help you obtain from the local authorities the required approvals.