Business Setup in Fujairah
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Business Setup in Fujairah
The Emirate of Fujairah, one of the United Arab Emirates, covers about 1.5% of the territory of this country and is the fifth largest Emirate in terms of area. It was until the 1950s part of the Sharjah princely state, but since then it has been recognized as a separate administrative unit. The individuality of Fujairah is that it is the only Arab principality located on the coast of the Indian Ocean. The Emirate has actively developed during the last decade, and now it attracts foreign investments into the national economy. A free trade zone was created on its territory to ensure the comfortable operation of international businesses. Nowadays, businessmen from all over the world express a desire to open a company in Fujairah. There are several benefits that you can avail yourself of from Fujairah Virtual Offices, Open Land facility, Opening of Branch offices, Custom built units, and Flexi-desk offices.
Business Setup In Fujairah Mainland
Business setup in Fujairah Mainland requires at least one local partner, with a majority share. It is possible for an expatriate partner to hold up to 49% of the ownership. In general, Fujairah allows ex-pats to open any type of business except for banking and insurance.
Business structures in Fujairah
The following are the types of business setups that can be found in Fujairah Mainland:
- General Partnership Company
- Limited Partnership
- Public Shareholding Company (PJSC)
- Private Shareholding Company
- Limited Liability Company
- Joint Venture
- Professional Companies
- Sole Proprietorship Firm to practice a profession
- Appointing a Commercial Agent (Exclusive Distributor)
Business setup In Fujairah Free Zone:
Fujairah’s strategic location, proximity to global trade routes, and ease of doing business in the Fujairah Free Zone make it an attractive place for foreign direct investment. The transportation infrastructure of the UAE’s free trade economic zone, in particular its largest regional shipping port, Fujairah International Airport, and highway system make it an attractive location for companies planning to export goods. Businesspeople and investors in the field of transport logistics can take advantage of the efficient solutions provided by Fujairah Free Zone to optimize many business processes and reduce delivety times for products. Low production costs and minimal overhead expenses make your business project profitable and cost-effective.
Fujairah Free Zone -FFZ
Fujairah Free Zone (FFZ) is a free trade zone located in Fujairah, United Arab Emirates. It is adjacent to the Port of Fujairah and has access to the world’s major shipping routes, a world-class airport, and streamlined procedures. The free zone is ideal for start-ups and young entrepreneurs as well as for investors looking to capitalize on the region’s economic growth. FFZ authority promises exceptional growth for new ideas and company formation in the region by making sure that they have been provided with excellent infrastructure, flexible government policies, and other customary benefits of a free zone.
International Free Zone Authority IFZA
The International Free Zone Authority (IFZA) is a leading investment hub in the United Arab Emirates. The free zone has easy access to all of the Arabian Gulf ports, as well as booming markets in India, Pakistan, and Iran. IFZA is also close to Fujairah International Airport and has advantages like a strategic location with access to the world’s major shipping routes, port and airport, and streamlined procedures.
Fujairah Free Zone Company Formation Benefits
- 100% foreign ownership
- 100% free transfer of funds
- 100% tax exemption from import and export duties
- No foreign exchange controls
- No restriction on hiring foreign employees
- Cost-effective and timely immigration procedures
- Convenient procedures for recruitment
- Updated infrastructure
- Total safety and protection for investors
- State-of-the-art communication method
- Full repatriation of capital and profits
- Low investment costs
- Progressive economic policies with a legal framework
- Affordable sponsorships and visas
- Corporate Bank Account setup
- A global business focal point
- The modem, efficient, and sophisticated communication system
- Opportunity for investment in the tourism sector
- Fujairah has liberal economic policies and a legal framework
- The procedures for staffing and recruitment in Fujairah are simple
- Fujairah supports sponsorship and visas for an affordable skilled workforce
Major documents required for Fujairah Free Zone business setup:
- A passport copy
- A business plan
- MOA & articles of association of the parent company
Certification of incorporation and certificate of Trade registration
At the legal house, we offer comprehensive business setup services that allow you to analyze all of the costs related to your company formation in the United Arab Emirates. We work within your budget and take care of any issues you might face during the process. We also analyze and offer recommendations about UAE company formations costs — whether for the mainland, free zone, or offshore businesses.
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Fujairah Business Setup Cost includes
CHOOSE BUSINESS LOCATION
LLC ,Share holder, partnership, Sole
Tradename search, availability
and Security Clarence
MOA, POA ,Local Service agent etc..
Inside /Outside UAE
Office space ,Flexi desk, Rentals
Frequently Asked Questions
The cost of a Fujairah license varies depending on the type of license and business activity, as well as other factors such as visa requirements and office space. Get free consultation from us.
Fujairah offers various types of business licenses, including commercial licenses, industrial licenses, and professional licenses.
The requirements for obtaining a business license in Fujairah may vary depending on the type of license and business activity. However, common requirements include a business plan, proof of financial standing, and a physical office space.
The duration to obtain a business license in Fujairah may valy depending on the type of license and business activity. However, it usually takes around 7-10 working days.
Some benefits of setting up a business in Fujairah include a strategic location, a business-friendly environment, and various tax incentives and exemptions.
Not mandatory, but a local sponsor is required to set up a business in Fujairah. However, the sponsor’s involvement may valy depending on the type of license and business activity.
Fujairah Free Zone and Creative City are the two main Free Zones in Fujairah.
Some advantages of setting up a business in a Free Zone in Fujairah include 100% foreign ownership, tax exemptions, and simplified regulat01Y procedures.
Celtain business activities may require special approvals or licenses from relevant authorities. It is important to check with the relevant authorities before engaging in any business activity.
Fujairah offers various tax incentives and exemptions to attract foreign investment. Generally, there is no corporate or personal income tax, value-added tax (VAT), or withholding tax in Fujairah.
Yes, a foreigner can fully own a business in Fujairah by setting up a Free Zone company, which allows 100% foreign ownership.