Business setup in Fujairah
Fujairah is located along the Gulf of Oman. It is the less populated state of UAE. It has a coastline of more than 90 kms. The area of this Emirate is 1165 square kilometer. Fujairah has a sea port & an airport. This makes Fujairah a hot place for import as well as export business. Fujairah business setup got popularity because of the increasing living cost of Dubai and Abu Dhabi. Fujairah offers plenty of business opportunity in the region. The Fujairah is known for their cloudless skies, clear blue water friendly palm trees and white beaches. Altogether, it is a major attraction for tourists every year.
Fujairah business setup
There are two main areas where we can go for Fujairah business setup. One is mainland area and the other is free trade zone. For mainland Fujairah business setup we need a local sponsor or a local service agent. While in Fujairah free zone expat can hold 100% share of his business.
- Main land Fujairah
- Fujairah free zone
Business setup in Fujairah Mainland
Business setup in Fujairah Mainland requires at least 2 partners and maximum of 50 partners. First of all in the first place, let me tell you one thing; or you can say one basic point about business setup in Fujairah. That is it needs at least one local partner. That is, Local partner will hold minimum of 51% of share in the business. And an expat partner can hold maximum of 49% of share in the company. In Fujairah local market (Mainland) an expat can carry on any type of business except; that is banking, an investment as well as insurance.
Type of business setup 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 Licenses Issued in Fujairah
For business set up in Fujairah, you need to obtain a proper license. Following are the type of license allow in the Fujairah state of emirates. In Fujairah main land you can get your license within one working day.
General Trading License
A general trading license is a little expensive as compare to other license; as it allows the owner to trade in all kinds of products. It authorizes free import, export, as well as re-export of the product in and outside the UAE. Furthermore, it allows the owner to get a special permission for local dispersal; that is from relevant departments to continue hassle free operations in a free zone.
This type of a license allows you to offer services; like accounting firms, law firms or individual practitioners; and also business consultants are issued a service license.
Trading or commercial license
This type of a license allows you to trade in specified products; that is subject to the rules of the license issuing authority.
This type of a license allows you to avail warehousing facilities; on lease as well as use the warehouse for storage, packaging, and delivery of goods.
This type of a license allows you to import raw materials, manufacture stated products; and export finished product to any country.
A manufacturing license can be allow after a project is accepted by a free zone authority, applied, and fully protected for human resources and machinery. Further, the support for a manufacturing license is subject to:
- Built-up area and open space of the project
- Water, Electricity and workforce supplies
- Environmental aspects related to the project
Advantages of Fujairah business setup
- Company set up in Fujairah has no currency restrictions
- Also in Fujairah you can drive your company from any part of Fujairah
- It has no yearly auditing requirement
- 100% repatriation of capital as well as profits
- It also has flexibility to rent office anywhere
- Allow to conduct business in Fujairah local market
- It requires 0 capitals. I think this is the main point in order to setup business in Fujairah.
- It has 100% tax free.
- Fujairah main land has simple set up process.
- Business setup in Fujairah has no limits to get employment visas. Due to this expat love about Fujairah main land.
- Only practical option for many types of business.
Business setup in Fujairah free zones
Fujairah is equipped with two main free zones to setup business in UAE. One is Fujairah free zone; and the second one is Fujairah creative city free zone.
Business setup in Fujairah free zone
First of all in the first place, Fujairah Free Zone is next to the Port of Fujairah. Fujairah free zone also have easy access to all Arabian Gulf ports, the Red Sea; as well as India, Iran and Pakistan on weekly feeder vessels. Fujairah Free Zone is also close to Fujairah Airport which the only airport is serving the UAE East Coast as well as Oman. Due to its geographic location; it has access to the world major shipping routes, a fine port as well as access to airport. But the most important thing is that it has streamlined procedures; which also make Fujairah Free Zone is an ideal place for business.
Type of Ownership in Fujairah free zone
- Free Zone Company (FZC) – it has minimum of 2 and maximum of 5 partners.
- Free Zone Establishment (FZE) it has only one owner.
- Branch of UAE company or Branch of a foreign company
Business Licenses for Fujairah free zone
Expat shareholders can obtain up to 100% ownership of his business. It has the following categories according to their lease agreement with the authority:
- Consultancy as well as Services License
- Trading as well as General Trading License
- Manufacturing License as well as Warehousing License
Business setup in Creative City free zone
Creative City free zone has been start in 2007, Creative City free zone attract clients with reliable services as well as with successful business environment. FCC free zone is also offers services related to media field; to give a competitive zone that is, to media city Dubai. FCC free zone provide professional environment for businesses working in a wide range of business fields including media; events, consulting, as well as education; communication as well as marketing, music as well as entertainment; design as well as technology.
Business Activity for Fujairah Creative City free zone
- Architecture as well as Technology
- Audio as well as Visual
- Business as well as Communications
- e-Commerce as well as Consultancy
- Photography as well as Design
Creative city Fujairah cost
|Packages||Features||Fee in AED|
|Baby Business – Service License
|Hot Desk for 1 year, Name approval charges, Immigration Card, also allow 6 visas.||30,000|
|Hot Desk for a 1 year; Name approval, Immigration Card, also allow 3 visas||25,000|
|Freelancer Company – Service License||License fee for 1 year, Name approval, also visas Not Allowed||14,000|
|E-OFFICE – Commercial as well as Service License
|Hot Desk 1 year, Name approval, also allow 2 visas||20,500|
|E-OFFICE General Trading License
|Hot Desk 1 year, Name approval, also allow 3 visas||27,500|