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FUJAIRAH FREE ZONE COMPANY SETUP
Fujairah Free Zone Company Setup: The UAE is the seven emirates. Among them, Fujairah is the fifth largest emirate and the only one without coastline along the Persian Gulf. It shares a border with Oman Bay, which is a key point of development. Fujairah is in a strategic position and serves as a multi-purpose port, while the UAE is only accessible to the Indian Ocean. This emirate is called Fujairah and differs from other emirates in that it is an almost complete mountainous region in the terrain. Fujairah, which is 1.5% of the total UAE area, is the fifth largest Emirates in the UAE.
The economy is booming throughout the UAE, inspired by Dubai and Abu Dhabi to create its own free zone around Jebel Ali Fort called Fujairah. Generally, the share of the owners of foreign companies in Fujairah is limited to 49%, but the company setting of Fujairah Freezone offers the benefit of 100% ownership.
Fujairah’s Freezone is strategically located close to the harbor of Fujairah. Additionally, it is in proximity to the Fujairah International Airport, making it the only airport across the east coast. These geographical advantages give free zone companies easy access to the Gulf Harbor, as well as India, Pakistan, Iran, and the Red Sea. Moreover, mainland services are readily available to North America, Europe, the Far East, and the Mediterranean. Furthermore, it is conveniently situated not far from major transportation routes, offering outstanding harbors and access to international airports.
Benefits of Fujairah Free Zone Company Set Up
Apply for multiple visas using the Flexi-desk Option- One of the main strengths of the Fujairah Creative City Free Zone is that, especially for the first entrepreneurs, business owners can apply for multiple visas without having to rent real office space. According to the ‘Baby Business’ package in the Free Zone, entrepreneurs can get up to six visas simply by signing up for the Flexi-desk service, which provides flexible access to the desk space.
Easy Integration
Fujairah Creative City’s barrier to entry is another big reason why many UAE business owners set up stores here. Entrepreneurs do not have to present stock capital or provide details about shareholder and owner experience or proof, nor do they have requirements for annual audits, bookkeeping or formal business plans.
No local sponsor’s NOC needed
Another reason why Fujairah Creative City Free Zone is particularly popular with new and first-time operators. The entrepreneur does not currently need to provide a NO Objection Certificate (NOC) from the sponsor, so he can still set up a side job within the free zone while still employed. And as your business grows, you can easily upgrade your freelance and single owner licenses.
Openness to various business types
You can often hear the advantages of free areas in specific areas, separated by areas that are open to various business types. In fact, both have many advantages. On the one hand, working in close proximity with other experts in the field is a great help for knowledge sharing and development, while working in multiple industries is suitable for areas of collaboration and expansion. Especially noteworthy for Fujairah Creative City is the combination of the best of both worlds. The free zone only covers more creative industries such as media, advertising and broadcasting, while there are various sub-sectors including HR, e-commerce, IT, publishing, education, consulting and design. This not only allows you to open free zones for various business types, but also allows you to share your knowledge in some areas and transfer your skills between subzones in other areas.
E-commerce Friendly
Getting a business license for your e-commerce business in the UAE can be a minefield, especially when installed in a free zone. Fujairah Creative City is not only one of the few free areas to offer these licenses, but also one of the most cost-effective packages.
No Office Space Required
Fujairah Creative City Free Zone not only allows entrepreneurs to apply for a large number of visas without taking up real office space, but also does not require office space at all. The free zone boasts freelance and single owner packages, which gives entrepreneurs a quick and easy way to start their business with less effort and minimal startup and overhead costs. This allows Fujairah Creative City to set one of the most cost-effective options for this type of business.
Sponsoring Dependents
In addition to quick and easy visa issuance and visa issuance, entrepreneurs in the Fujairah Creative City Free Zone can also support their stay visas by families and employees. The process, which consists of four steps: entry permit, condition adjustment, medical fitness test, Emirates ID registration, and visa stamping, is relatively easy, but we recommend that you seek the advice of a professional who establishes a UAE free zone business. Before you start applying, you can check that you and the people you want to sponsor meet all admission criteria.
What legal Entities are Available Under FFZA?
Foreign company branches, including overseas company branches in the establishment of the UAE Free Zone. Branches of foreign companies and branches of UAE companies do not have capital cash physical requirements. In addition, there is no lower limit for many shareholders and there are no configuration fees.
This is slightly different for Free Zone Setting (FZE) and Free Zone Company (FZC). For FZE and FZC, the minimum capital requirement is AED 150,000 and the formation fee is AED 5000. FZE has 1 shareholder and FZC is 2.
Business License in Fujairah Free Zone:
You can apply for a total of five types of licenses, depending on the business activity you choose.
- Trade Licenses
- General Trading
- Professional/Service Licenses
- Industry Licenses
- National Industry Licenses
List of Mandatory Documents Required for starting a Business
- Formally completed questionnaire from Freezone authority
- Parent Company Registration
- Legal certificate representing the board of directors and executive director
- Project plan document and feasibility report
- Application for utilities required for water, electricity and other facilities.
If you want to operate a manufacturing device, you need to apply for an environmental permit and submit a project report for the process. The above documents are sufficient for initial approval, after which a complete set of documents must be submitted to the Fujairah Chamber of Commerce executive committee for final approval.
Fujairah Free Zone Company Setup Cost in Dubai
- Local Sponsor Fee
- Labour and Immigration Fee
- Trade License Fee
- Cost Involved in Visa
You have to go through several steps, some of which are complex and less complex. In general, the first thing to do is to choose a business activity. From here, you need to determine the company name, fill out and submit registration documents to the relevant institutions, open a bank account, and apply for the necessary visa.
The details of this process vary greatly depending on the type of license you apply for and the type of business you want to run. Therefore, before starting any of these steps, the first call port should always consult a company setup specialist. The company walks through all aspects and ultimately the whole process takes less than a few hours.
