The United Arab Emirates comprises of seven Emirates. Abu Dhabi is the biggest as well as the capital of the federation. Dubai is its international and commercial center. The others are UMM AL QUIWAIN, FUJAIRAH, AJMAN, SHARJAH and RAS AL KHAIMAH. All these states have a lot of free zones that offer company formation. A Fujairah free zone business setup is also one of the leading companies set up choice among the expat people.
Fujairah free zone is tracing to the Port of Fujairah. A Fujairah free zone business setup has easy entree to each and every Arabian Gulf ports. This free zone is also very near to a Fujairah international Airport. This is the only one to serve the east coast of UAE and northern Oman. A good combination of geographic location, with entree to world’s leading shipping routes. It is a very glowing port and airport along with competent procedures. This make Fujairah free zone business setup is a good choice for business.
Fujairah free zone business setup
Almost twenty years ago, Fujairah Free zone Authority was made with a vision. That is to offer Fujairah free zone business setup to share holders and support them in their businesses. Being close to Fujairah sea port adds to the many compensation that investors get; that is when they decide to carry out Fujairah free zone business setup. The Fujairah Free zone companies find it trouble free to entrance Arabian Gulf ports; the Red Sea, India and Iran along with Pakistan with the means of weekly feeder vessels. In addition to this, Fujairah Free Trade Zone is nearby to Fujairah International Airport. So, to sum up, we know that it has good access to sea ports as well as airport. This makes this free zone one of the best choices among UAE free zone.
Most of the foreign investors come to UAE to make a company in UAE. And they also expect that they will soon have the best business in UAE. A number of people are going for business set up in Fujairah free zone as it accurately meets their needs. Additionally, the type of ownership in Fujairah Free Trade Zone is as following:
Free zone Establishment (FZE) that is a unit with a sole owner
Free zone Company (FZC) which is an entity owned by two to five shareholders
Branch of UAE Company
Branch of a foreign Company
Fujairah free zone company setup advantages
Fujairah free zone company setup choices starting from AED 15,625 per year. We have entirely inclusive packages beginning from as low as AED 15,625 per year as well as more good packages; which include a wide range of business support services.
Physical presence in the UAE is not required incorporating your new company. The Fujairah free zone company formation process is very proficient. This type of free zone has easy as well as quick application process. Moreover, if you already hold a UAE residency visa. Then we do not need a NOC from your existing sponsor in line to form your new company.
No paid up share of capital or annual audit unlike numerous other Free zone options. You are not in a weak situation to block a large amount in your bank; only just to start a Fujairah free zone company setup. You also do not need to go through wast your time; as well as expense of an audit every year to renew your trade license.
100% return of Capital and Profits- Unlike several other countries. You will have complete freedom to repatriate all your invested wealth and earnings. In addition, in the UAE there are also no foreign exchange controls and currency limitations.
Provision of 6 UAE residency visas- With 6 visas obtainable. You have the flexibility to hire staff for your new company adequately. The complete allocation of 6 visas is available without having to rent vast as well as expensive office space.
Timeline for Fujairah free zone company setup
The procedure of processing the company set up would range from 5 to 7 working days.
Fujairah free zone company setup License Types
Like all other free trade zone. You need to get a Fujairah free zone license if you want to start Fujairah free zone company setup. The license category depends on the nature of activity:
Trading (normal) License
General Trading License
National Industrial License
Types of Licenses for Fujairah free zone company setup
Management of Broadcasting
Marketing along with Media Services
Music along with Entertainment
Information Technology Services
Process of Fujairah free zone company setup
Fujairah free zone business setup is an easy process which makes it simpler for new company; to start their business without much of a trouble. The phases involved are:
Determine the type of business activity
Prepare a comprehensive plan for business formation
select your company name (which must be unique) and reserve it with the Fujairah Free zone authority
Set up the infrastructure, along with hiring the necessary staff
Deposit the required capital amount in a bank
Handle business registration as well as licensing necessities
get shareholders to sign the company formation documents in the presence of the free zone authorities
Requirements for Fujairah free zone business setup
We need to show the proof of name reservation
Proof of major approval for the activities (our firm’s task)
For a Fujairah free zone business setup you need a pass port copy of the share holders
Passport photo copy along with CV (resume) of the manager
Personal info sheet of all share holders as well as info of a manager
Lease agreement — having a physical address for your existing business / office is obligatory in the UAE. The average rent in a free trade zone is start from USD 25 up to USD 50 per sq. ft. Our firm can support you while searching for your physical address. You can learn more about leasing and rental charges here. Such item will be mandatory only after we take the initial approval from the authority.
A POA Which shows that your are appointing our firm as your legal agent. So that we can do on your behalf and / or on behalf of the share holders.
There are some activities which might need third party / authority pre-approval accordingly. Additional cost as well as professional fees might be applicable.
Also during the process, the authorities may require a few other documents.
Additional Documents Required for a Corporate Shareholder
You have to attest and notarize MOA. which is from the UAE Embassy at the place of origin.
You need to acquire a board resolution from the board of directors of your current company. That shows interest in Fujairah free zone business setup. It must be attested as well as notarized by the UAE Embassy.
Certificate of setup of your prevailing company or entity, license.
Fujairah free zone company setup
Fujairah free zone business setup is easy when you have the exact info. It is still a wise choice to acquire the help of company set up consultant. We will give you a far-reaching idea about how to start a business in UAE free zone. So that if you are ready financially. You can make a decision very easily on which UAE free trade zones is the less expansive in UAE. Such info is crucial before going through business set up in Fujairah. Or anywhere else where you want to carry out your business set up in UAE free zone.
When you have decided where you desire for to have your free zone company formation. Then the concern authority will approve the document. This time, you will just have to wait as your consultant will be the one; who is responsible for going through the procedure required for the business set up in UAE. Let me tell you that our consultant will be the one who will go to the free zone Authority. So that to process papers as well as deals with them on your behalf. In such way, you can focus more on the strategies that you need for your business; so that to take the correct turns in the future.