Company Formation in Fujairah Free Zone

Company Formation in Fujairah Free Zone
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Fujairah’s strategic & unique location, as the UAE’s only Emirate on East Coast, plays a key role in its development. Under the leadership and vision of His Highness Sheikh Hamed Bin Mohammed Al Sahrqi, the Ruler of Fujairah, the Emirates continue to grow. An amazing amalgamation of the traditional values of the East and modern technologies of the West, Fujairah offers a standard of living comparable to that of world’s most developed nations. More than a quarter million people of various nationalities, including Emiratis, inhabit this Emirate of 1,450 sq. kms.

Established by an Emiri Decree on 28th November 1987, Fujairah Free Zone offers its investors fully fledged free zone facilities. The strategic location of Fujairah Free Zone, the Zone of convenience virtually at the doorstep of the emerging markets of the Middle East and CIS countries is a striking attraction for investors.

Major Benefits of Company Formation in Fujairah Free Zone:

  • 100% foreign ownership,
  • 100% repatriation of capital,
  • 100% exemption from personal income tax, corporate tax, service tax, import and export tax,
  • Investment Security
  • Simple & Speedy registration process
  • Common customs facility with port and airport
  • Abundant and inexpensive energy
  • Steady tariff with no hidden costs
  • No recruitment restrictions
Characteristics of Fujairah Free Zone Company Setup:

Location:

Fujairah Free Zone, Sharjah, (U.A.E.)

Proposed activity:

Trading/Manufacturing/Assembling/Distribution/Consultancy/Service activities can be carried out in Fujairah Free Zone.

License available:

Industrial/Commercial trading/General trading & Service license are available options for Fujairah Free Zone.

Type of entities:

FZE (Free Zone Establishment – Single Shareholder), FZC (Free Zone Company – Multi Shareholders) and Branch

Shareholder:

Shareholder for Fujairah Free Zone Company can be Individuals or Corporate entity (maximum 5)

Director:

Individuals only (Minimum one. Shareholder can also be Director)

Share capital:

AED 150,000/- (150 shares of AED 1,000/- each) for Fujairah Free Zone Company Setup and AED Nil/- in case of Branch office. (Required to be deposited in bank before or after company incorporation)

Do note that shares are deemed to be issued on company incorporation irrespective of whether share capital is deposited in bank pre or post incorporation.

Audit:

Audit report is required to be filed with Fujairah Free Zone.

Estimated time:

2-4 working days to trade license of the company and register a company in Fujairah Free Zone

Another 7-10 working days for immigration card subject to security clearance & thereafter visa may take approximately 7-10 working days on normal basis.

Fujairah Free Zone Company Setup Process:

  • Identify the legal form of company to be registered in FFZ
  • Select activity from FFZ activity list,
  • Apply for name and initial approval,
  • Payment of fees related to FFZ business set up,
  • Sign FFZ company registration and incorporation documents,
  • Apply for FFZ residence visa.

Documents Required for Fujairah Free Zone Company Registration:

The documents required for business set up in Fujairah Free Zone depends on whether a shareholder is individual or corporate entity. Basic requirements are

  • Color passport copy,
  • Color UAE residence visa & emirates id copy,
  • Brief activity description
  • Utility bill copy for owner/manager
  • NOC from current sponsor,

To know more about the complete requirements for company formation in Fujairah Free Zone call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com

Company Formation Cost in Fujairah Free Zone:

Fujairah Free Zone Company Setup begins from AED 30,070/-.

Call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com to know about special promotions/offers related to business setup in Fujairah Free Zone.

Other Notes for Fujairah Free Zone Company Formation:

  1. Document to be legalized with UAE Embassy in case of corporate shareholder
  2. Shareholder or directors wishing to have UAE residency visa on said company will need to revisit after issuance of license, immigration card and entry permit for stamping of visa on the passport and may need to stay in UAE for 5 to 7 working days as that process may take time.
  3. Company Immigration/Establishment card to be renewed every year
  4. Investors to have family status UAE visa should have share capital of AED 75,000/- and in order to be eligible for Owner/Investor/Partner visa should have share capital of AED 60,000/-

Global Business Services DMCC has helped many individuals and corporate entities to set up their businesses in Fujairah Free Zone. Our company acts as a one stop solution for Fujairah Free Zone company incorporation services.

If you are looking for Fujairah Free Zone company setup, please get in touch with us for professional assistance

Call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com to know about special promotions/offers related to business setup in Fujairah Free Zone.

Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal, tax or other professional advice. We do not accept any responsibility, legal or otherwise, for any errors or omissions.

GBSOur Office
Organically grow the holistic world view of disruptive innovation via empowerment.
+971 4 4471803
OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:

Office No.12A-06,
13th floor HDS Tower,
Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)

GET IN TOUCHGBS Social links
Taking seamless key performance indicators offline to maximise the long tail.
GBSOur Office
Organically grow the holistic world view of disruptive innovation via empowerment.
+971 4 4471803
OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:

Office No.12A-06,
13th floor HDS Tower,
Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)

QUICK LINKSOur Services
GET IN TOUCHGBS Social links
Taking seamless key performance indicators offline to maximise the long tail.
AVANTAGEHeadquarters
Organically grow the holistic world view of disruptive innovation via empowerment.
OUR LOCATIONSWhere to find us?
GET IN TOUCHAvantage Social links
Taking seamless key performance indicators offline to maximise the long tail.
AVANTAGEHeadquarters
Organically grow the holistic world view of disruptive innovation via empowerment.
OUR LOCATIONSWhere to find us?
GET IN TOUCHAvantage Social links
Taking seamless key performance indicators offline to maximise the long tail.

Copyright © 2020 Global Business Services.

Copyright © 2020 Global Business Services.

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