Few Guidelines for Setting Up A Business in Fujairah

Fujairah is one of the less populated states in the UAE located along the Gulf of Oman. It has a seaport and airport which makes this an ideal destination for import and export businesses. Also, due to the rising living costs in Dubai and Abu Dhabi, Fujairah is gaining immense popularity for business setup. If you are planning to setup your business in Fujairah, we have compiled a list of guidelines for making your journey smooth:

Select the right jurisdiction

Make sure to choose the right jurisdiction based on your business model.  There are two jurisdictions in Fujairah: free zone and mainland

Business Setup in Fujairah Free Zone

There are three free zones in Fujairah: Fujairah Free Zone Authority (FFZA), Fujairah Creative City (FCC), and International Free Zone Authority (IFZA). Setting up your business in any of these free zones will give you the right to own 100% of your company shares and exempts you from corporate and income taxes.

Business Setup in Fujairah Mainland

By setting up your business in the Fujairah Mainland you can access the entire UAE marketplace, giving you a wider chance to grow locally as well as internationally. A local partner will hold 51% of share in the business and an expat partner can hold 49% of the share in the company.

Obtain the right license according to your business setup model

Types of Business Licenses Issued in Fujairah

1. General Trading License – It allows businesses to freely import and export of products inside and outside the UAE.
2. Service License – This license permits businesses to offer services such as accounting, law, and business consulting.
3. Trading or Commercial License – It allows a business to trade in specific products according to the rules of license issuing authority.
4. Warehousing License – This license allows you for availing warehouse facilities.
5. Industrial License – This license allows you to import raw materials, manufacture stated products and export finished products to any country.
6. Manufacturing License – This license is issued when the free zone authority accepts a project, implemented, and fully insured for human resources and machinery. Manufacturing license is also subjected to:

• • • Built-up area and open space of the project
    • Water, Electricity and workforce supplies
    • Environmental aspects related to the project

Documents required for registering a business in Fujairah

• Passport copy of shareholders, and directors
• Attested Board Resolution (For corporate ownership)
• Attested MoA & AOA (For corporate ownership)
• Valid business license (For corporate ownership)
• Suggested trade names
• Personal information of shareholders and investors
• Proposed Activities

Fujairah is the perfect place to set up any kind of business. Foreign investors and local entrepreneurs can make use of its unique advantages and hassle-free business setup processes. If you require any assistance in business setup, feel free to contact us at +971 55 843 2911 or info@corpinconsultants.com.