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Being quality conscious and ISO certified, Hamriyah Free Zone procedures for setting up a company are easy and well streamlined. The simple procedures and formalities make it possible to obtain a license within 24 hours of submitting all requisite documents.

The basic steps towards establishing a branch or incorporating a new company (FZE/FZC):

Lease & Licence

	License Application Form The investor completes the License Application form and provides his project details.
	Project Approval The project is given a 'provisional approval' so that legal documents may be prepared.
	Legal Documentation The investor provides all documents of the parent company for opening a branch of a local/international company. For new incorporations, an FZE/FZC application submitted and the minimum capital is deposited with a UAE Bank for a temporary period of 1-2 days.
	Signs Agreement and makes payments
	Issuance of lease and licence
	For new Incorporations: Certificate of Incorporation etc. will also be issued

Branch of a Local / International company

Basically, whether the branch is of a local company or of an international company, no capital is required to be deposited with the bank. The following documents should be provided.

New Incorporation: Free Zone Establishment (FZE) / Free Zone Company (FZC)

Free Zone Establishment (FZE) is a single share holder limited liability company which can be incorporated in Hamriyah Free Zone. The minimum capital requirement for incorporating a Free zone Establishment (FZE) is Dhs.150,000 (Approximately US$ 40,000). However Free Zone Company (FZC) will be a similar incorporation with multiple shareholding (maximum 5 shareholders).

 Application for Registration of FZC  Application for Registration of FZE

Important aspects of an FZE / FZC

	An FZE / FZC is a limited liability entity.
	Not only natural persons but juristic persons like Companies can also incorporate FZE/FZCs in Hamriyah Free Zone.
	The Registration/Incorporation Charge is Dhs. 9,000.
	FZE / FZC's, like branches of local or foreign companies, will have to get a Free Zone License after incorporation/Registration.
	An FZE will be sole shareholder company. An FZC will be multi shareholder company with 2 to 5 shareholders.
	The minimum share capital for FZE/ FZC is AED.150,000. This will not be blocked, but can be used for business.
	An FZE Shares shall be in multiples of AED. 150,000/- whereas an FZC Shares shall be in multiples of AED. 1,000/-
	No share may be transferred without prior written approval of HFZA.
	The Financial Years shall be from January to December each year, except the commencement of the first year which shall be the date of Incorporation.

Incorporation Procedure

	An FZE Application (contains format of Memorandum also) needs to be submitted with documents.
	On Approval of the Project for which the FZE/FZC is proposed to be incorporated, HFZA will issue a letter to a UAE bank of the Investor's choice to open an account in the name of the FZE/FZC and to deposit the minimum capital.
	On production of bank's letter for receiving the minimum capital in the new FZE/FZC bank account, HFZA will issue a FZE / FZC Certificate of Incorporation after signing the agreement and making payments.
	The Investor can start withdrawing the amount for his business on submission of original Certificate of Incorporation to the bank.

Minimum Legal Requirements

	Free Zone Establishments (FZE) / Free Zone Company (FZC) should abide by the FZE / FZC Implementing Rules and Regulations. FZE Implementing Rules and Regulations are equivalent to its Memorandum and Articles of Association where as FZC Implementing Rules and Regulations are equivalent to its Articles of Association.
	FZE/FZE should submit its audited financial statements to Hamriyah Free Zone Authority every year within 3 months from the end of the financial year.
	There should be at least 2 Directors and a Secretary for FZE / FZC's.
	If a foreign national is to be appointed as a Director or Secretary, HFZA may require that such persons hold valid residence and work permit from the relevant authorities.
	At least one of the Directors and the Secretary must be residents.
	The offices of Director and Secretary may be held jointly by a single person. For Individuals For Companies Personal details of the Owner Certificate of Incorporation/Registration of the Company. (Notarized) Bank’s reference (Original) Bank’s reference letter regarding creditworthiness of the company. (Original) Letter of Appointment for the Manager with specimen signature (Notarized) along with his passport copy and Power of Attorney. Letter of Appointment for the Manager with his specimen signature (Notarized) along with his passport copy and Power of Attorney.
	Upon signing the agreement for Facility Lease and Personal Secondments the Free Zone prepares the license.
	On payment, the Free Zone issues the license and all other related documents.