Fujairah is the 5th largest emirate in the UAE sharing borders with the Gulf of Oman and has a come along with that of the Persian Gulf. Because of its strategic location, it has been able to develop a lot on a very less period of time. Its multipurpose port has helped the people in accessing the Indian ocean quite easily. Furthermore, it is making a huge success in tourism, fishing and agriculture as well.
Fujairah Free Zone Authority (FFZA)
We all have surely experienced a huge boom in the economy of the UAE. Because of that, Fujairah has also been able to take a leap while making a huge success in different departments. Fujairah free zone has also been able to attract a huge number of investors towards itself making it ouch the heights of glory, you want for understanding the setup process you can click here, experience matters of .
Business set up in Fujairah free zone
Fujairah free zone offers different types of great opportunities to its investors. It offers the investors to choose from different company types including;
• A Foreign company’s branch office
• A UAE’s company branch
• A Free Zone Establishment (FZE)
• A Free Zone Company (FZC)
Types of Licenses
You must be very clear about the fact that before starting your company in Fujairah, you would surely be needing a license. FAR consulting Middle east provide help for The license that will act as permission so that you may carry out all your business activities in a particular free zone. Here are different types of trading licenses you can choose from:
Typical Trading License, General Trading License, Industrial License, National Industrial License, Consultancy License and more
If you are worried about the fees, do not be. This is because the license fee for business set up in Fujairah free zone is really less. You can get your license in just AED 5,000.
Documents needed for company registration in Fujairah Free Zone
In order to start a company in Fujairah Free Zone, you need to provide a proper set of documents. They will basically act as proof of your identity and will help you in the whole registration process as well.
Documents required for the business registration in Fujairah free zone are;
• Passport copy (certified)
• Entry stamp on UAE visa
• 2 copies of the address
• Reference letter from the bank
• The CV of the shareholders
• Application from the company.
There are a lot of benefits associated with the company formation in Fujairah free zone which is as follows;
Company set up cost – lowest
There is no need for huge capital for the company formation in this zone
Business set up procedures- flexible
The business set up procedures are made very flexible in order to help foreign investors as much as possible.
The application processes are really fast. The documentation and other functions can be completed in as less as 7 days
Tax exemption- 100%
The obstacle of tax is completely banished for the companies formed in the Fujairah free zone.
Physical presence- not required
There is no hard and fast rule of the physical presence of the business. Also, no objection is also not required.
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