Company Set Up:
Being quality and conscious, Hamriyah Free Zone procedures for setting up a company and starting your business in uae is very easy and well streamlined. The simple procedures and formalities make it possible to obtain a license within 1 hour of submitting all requisite documents.
The basic steps towards starting your business in Hamriyah Free Zone by establishing a branch or incorporating a new company (FZE/FZC):
The free zone provides the following facilities:
- 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 applicable for (land / warehouses) 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.
|License or Certificate of Commercial Registration from the Economic Department. (Notarized copy)
||Certificate of Incorporation/Good-standing (Notarized copy)
|Memorandum and Articles of Association of the company. (Notarized copy)
||Memorandum and Articles of Association of the company (Notarized copy)
|Board Resolution for opening a branch in Hamriyah Free Zone and to appoint the manager for the Free Zone operations (Notarized copy) with his passport copy and Power of Attorney.
||Board Resolution for opening a branch in Hamriyah Free Zone and to appoint the manager/ director for the Free Zone operations (Notarized copy) with his passport copy and Power of Attorney.
|Bank’s reference letter regarding the good- standing and credit worthiness of the company (original )
||Bank’s reference letter regarding the good standing and credit worthiness of the company (original )