Fujairah free zone company registration

Fujairah free zone company registration
Fujairah free zone company registration

Fujairah free zone company registration is legally simple when you have the accurate information. It is still logical to reach out to a company formation consultant. They are the one; who will give you all the ideas about how to open a company in Fujairah free zone. They will also let you know about the Fujairah free zone license cost. With the information which you have, you can assess things. You can decide easily on which UAE free trade zones is the economical free zone in UAE. And have the low priced free zone license in UAE. Such information is consider as important before going through Fujairah free zone company formation. Or anywhere else which you want to perform your business set up in UAE free zones.

When you have finally decided where you wish to have your free zone company setup. Then you need to arrange the proper documents. This time, you will only have to wait as your consultant will be the one; who is accountable of going through the dealings needed for the Fujairah free zone business setup. We will be the one who will take all the duty to process your papers and deal with free zone on your behalf. In such way, you can focus more on the strategies which you need your business to have for it to take the right opportunities in the future

Fujairah free zone company registration offices and warehouses

Fujairah free zone company registration offers a wide range of facilities for you. It has ready to move offices, warehouses as well as plots of land for long term lease.

In case you are going for a small Fujairah free zone company registration. Then you can rent a flexi desk. It is a desk in a shared office in the buildings of the free zone. A small offices start from 20 sq meters. They can be combine to make a bigger office for your company if you need a big one. Warehouses start from 230 sq meters. And also note that the land lease per sq meter is 20 AED.

Fujairah free zone company formation

Fujairah free zone company formation is completed quickly. The license as well as other corporate documents will be issued on the day of application. We recommend contacting a business setup services in Dubai in advance for the setup; in order to run name check along with activity check. The same company can go together with you to the free zone to finish the formalities rapidly.

Personal visit of the shareholder is compulsory, but if you cannot come, you can issue a Power of Attorney to your business advisors to represent you in the free zone. Fujairah is the most isolated Emirate from Dubai. The trip to a Fujairah free trade zone will take almost 2 to 3 hours. Keep it in mind when you are planning your Fujairah free zone business formation.

If l goes for Fujairah free zone company registration, can l live and have a bank account in Dubai?

Yes, if you can go for Fujairah free zone company registration. Then you can reside in Dubai or all other Emirate as long as you have a valid visa. You do not need to live in the same state where your visa was taken out. You can also have a bank account in a Dubai branch of any UAE bank of your own choice.

Do we have to pay VAT for our Fujairah free zone company formation?

VAT requirements of the company depend not only on the place of its registration, but on the place where its business takes place. To open with, VAT comes into picture once your taxable income reaches 375 000 AED. Taxable turnover means the turnover that was done in the UAE. In case you go for a Fujairah free zone company formation. But the trading takes place abroad that turnover is not considered taxable; because the dealings are taking place out of UAE. So in this case it means that you do not need to pay VAT. But if you have a free zone company and import goods to UAE, you have to add 5% VAT to your Invoices and pay VAT. If your company is register in a free and sells their product to another free zone or within the same zone; then VAT will not be applicable.

Fujairah free zone company formation
Fujairah free zone company formation

Can I open a bank account remotely for my Fujairah free zone company registration

No, you must have to visit UAE personally. It is a condition of a UAE Central bank that all local banks have to follow. Personal visit is essential to make sure that the client is known by the bank. But Fujairah free zone company registration can be done remotely.

Should I pay any other TAX for my Fujairah free zone company formation?

Fujairah free zone company formation is free from income tax as well as corporate taxes. It has only imported tax 5% for the goods which you bring into the country and VAT 5% for the trading or service transactions which happened in UAE.

Do I get a debit and credit cards or loans if I open a free zone company?

Generally you can get a debit card for your Fujairah free zone company registration if there is only one shareholder. You can also get a credit card, but for this you need a fix deposit in your account. As for the loan, it is possible to acquire it, but you have to show company operations as well as profits to the bank. Upon checking your company’s turnovers along with profits, a bank may approve a loan. We recommend you to apply for it only after a one year of your firm setup.

Why a Fujairah free zone company formation will better suit me than a main land or an offshore?

The whole thing depends on your business model as well as requirements. But a Fujairah free zone company formation is the most suitable for the majority of the business needs. Fujairah free zone company formation offers you 100% ownership unlike main land company. In main land company set up you need a local partner. It can be eligible for resident visas, permits doing business both inside and outside of UAE; more encouraging by the banks in comparison to offshore companies. You can open it with a flexi desk space instead of an office like in main land companies. Fujairah free zone company formation is a good way to open a business for rational fees and without unwanted obligations.

Can Fujairah free zone company registration hold its offices outside the free zone?

Officially you need to have the office inside the free zone only. If you need an office in Dubai for your Fujairah free zone company registration; you have an option to rent a space in a Business center. And you can use it either a few times per month or even daily; depending on the package which you choose.

Can you guarantee to open a bank account for Fujairah free zone company formation?

We do our best when we go for Fujairah free zone company formation in such a way; which would make account opening easier for you. Knowing your background as well as your business model; we can offer you our estimation about the chances of fruitful account opening. The approval of the account completely depends on the bank. Each and every case goes to a few departments of the bank where if they accept; then they will open the account. In case the bank needs a clarification from you then they will contact you directly. The clearer picture about your business you give to the bank, the greater your chances of account opening are.

Being a consultancy company, we cannot guarantee opening of a bank account, because it depends on the factors that do not depend on us. However, we do our best to make you and your company for smooth as well as fast account opening.

Why do I need a flexi desk or office for Fujairah free zone company registration?

A flexi desk is a compulsory requirement for any company eligible for resident visas. UAE government pleases to have it because it is the minimum physical office space, which a company who has all individuals under its visa must have. Apart from that, flexi desk is supportive for bank account opening. The compliance department of the banks needs to see that a company has some sort of office or at least a small physical seat, where it can be working from.

Should I renew my company? When? How much does it cost?

Yes, you must need to renew your company annually. The charges of the renewal is generally less than the setup cost. It depends on your company package. You can acquire the price by downloading the Estimate from this page. Renewal does not need personal presence of the owner and can be done by your representative. After company renewal, you need to show the new license to the bank in order to extend the bank account.