Fujairah Mainland
Business Setup In Fujairah Mainland
Fujairah is one of the seven emirates that make up the United Arab Emirates (UAE), located on the eastern coast along the Gulf of Oman. It is known for its strategic location, natural beauty, and economic significance. Fujairah has developed several industrial zones to attract manufacturing, logistics, and industrial activities. These zones offer infrastructure, utilities, and incentives to local and international businesses looking to establish operations in the emirate. The Fujairah Free Zone, in particular, provides 100% foreign ownership, tax exemptions, and streamlined procedures for business setup.
Types of Companies
Free Zone Companies
Fujairah has a prominent free zone known as the Fujairah Free Zone (FFZ). Free zone companies here enjoy 100% foreign ownership, tax exemptions, and simplified business regulations. This makes it an attractive option for international businesses looking to operate in the UAE.
Mainland Companies
Mainland businesses outside free zones in Fujairah require a local partner (UAE national) with at least 51% ownership, although various legal structures allow for control and profit-sharing arrangements that protect foreign investors.
Benefits of Company Setup In Fujairah
1. Strategic Location
Fujairah is strategically located on the eastern coast of the UAE, offering proximity to major shipping routes and easy access to markets in Asia, Africa, and Europe.
2. Infrastructure and Facilities
The emirate boasts modern infrastructure, reliable utilities, and state-of-the-art facilities to support various industries, including manufacturing, trading, and logistics.
3. Tax Benefits
Free zone companies in Fujairah benefit from zero corporate and personal income taxes, making it a cost-effective choice for international businesses.
4. Business-Friendly Environment
Fujairah offers a business-friendly environment with streamlined procedures for company formation and ongoing operations.
FAQ
You can establish various types of businesses in Fujairah, including commercial, industrial, professional, and service-oriented companies. The specific type of business may influence the requirements and setup process.
The main types of licenses are Commercial License, Industrial License, Professional License, and General Trading License. Each license type is suited for different business activities.
Costs vary depending on the type of business and location (free zone or mainland). Typical costs include registration fees, licensing fees, visa fees, office rental, and other administrative expenses.
Yes, there are ongoing fees such as annual license renewal fees, office rental, visa renewal fees, and potentially local sponsor fees if you are operating on the mainland.
The process typically involves:
- Obtaining an establishment card for your business.
- Applying for entry permits for employees.
- Conducting medical tests and obtaining health insurance for employees.
- Stamping residence visas in employees’ passports.
To open a business bank account, you will need:
- Business license
- Shareholder(s) passport copies
- Memorandum and Articles of Association
- Proof of business address
- Resolution from the board of directors (if applicable)
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