As the only emirate in the east coast, Fujairah holds a key position in the business map. When you take its strategic position, the zone is very near to the Indian Ocean. This makes the zone a major trade centre and one of the most evolving locations in the world. Industrialists consider this zone as a land of opportunities and diverse business activities. Fujairah’s excellent relationship with other countries is attracting more foreign investors towards this Free Zone. By having a close interconnecting link of road, air and sea, this zone becomes an ideal place for starting a company. As a major business hub for local and foreign investors, the zone is growing to become ones of the world’s best business locations.
Core business sectors in this zone include textiles, castings, gold, IT, refrigeration units, heating units and IT. Other than these, there are perfume units, dye units, recycling units and plastic units. Those who are planning to have a business setup in Fujairah Free Zone should register their companies and get a valid business license. For a business startup in this Zone, you have to apply for a business license. Other than that you have to choose an office space or industrial space suitable for your business. Assistance from experienced consultants can help you in setting up a business in the zone without any intricacy. We are pioneers in providing free zone registration services in the region. Our expertise in the field assists you in taking many key decisions regarding the company formation as well as office rental part. Many have faced troubles with company registration as they were not having thorough knowledge about the procedures. With us you can make your business plans a reality.
To do business in this zone you should have a valid business license. You should apply for a license depending on the type of business activity you are going to do here. As a business consultant we are able to help you in identifying the license type applicable for your business and applying for it along with all required documents.
This license allows you to do import, export and re-export activities from the zone. You can trade only those commodities that are included in the license.
For some businesses there is the need of large ware houses for storing commodities in their own country and in other countries for import and export activities. It is easy to get a warehouse licence in Fujairah free zone. This license allows a company to distribute goods from the warehouse in the zone in an economical way.
Any company that is interested in making goods from the zone can apply for a manufacturing license. With this license a company can utilize manpower and machinery available in the zone for making finished goods. Fujairah free zone authorities will approve manufacturing license after checking the space requirements, environmental impacts, and electricity, other than water and manpower requirements of the project.
You can start a business in the zone as a new business entity. A Free Zone Establishment (FZE) can be started with a sole owner. That means a single the owner is able to run a business and take all decisions on operations and maintenance.
Those businesses where there are more than 2 partners can start it as a Free Zone Company (FZC). Here the business ownership can be shared with two to five partners.
Otherwise, you can start a new branch of a UAE company or a foreign company. The formality for starting a branch is different from that of the other. Various types of documents have to be submitted for setting up a branch.
You can choose a free zone depending on the type of business activity you are going to perform there. Some of the free zones that are particularly meant for each activity include
The main capital requirement depends on the type of business activity that you are planning to set up in a Free Zone. Specifications regarding the capital requirement depend up on the Free Zone you select for trading activities.
Choosing a legal form depends on the business type, trading activities, nationality of the owner and the preferred ownership options. Some of the common forms are:-
The procedures for setting up a company in a free zone are direct and easy to complete. General steps involved in it are as follows.
Normally it will take 3 weeks to finish the whole procedures. If there is any delay in the documentation procedures, then it will take 6 weeks to finish the registration process.
Free zones are attractive as it provides lucrative options to the companies. Some are the following:-Free zones are attractive as it provides lucrative options to the companies. Some are the following:-
Yes, it is mandatory, below are the property options:
A Free Zone license will give you 100% ownership of your company and complete control of your business. Incorporating your business in a Free Zone also tends to be a cheaper and easier process.
An advantage of a Non Free Zone setup is that this type of license allows you to freely operate in any area of the UAE. Even though a local Emirati sponsor who would have 51% ownership of your company, certain businesses simply work better with a Non Free Zone license. In other words, when you have a Free Zone license, you are allowed to operate only within that Free Zone but with a Non Free Zone license, you will not be restricted to one area.
