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.
|Permitted activity:||Manufacturing/Trading/Service activities can be carried out|
|License available:||Industrial/Commercial trading/General trading & Service license can be obtained|
|Types of entities:||FZE (single shareholder), FZC (2-5 shareholders) & branch office|
|Shareholder:||Can be individuals or corporate entity|
|Director:||Individuals only (Minimum one. Shareholder can also be director)|
|Share capital:||AED 150,000/- in case of FZE/FZC & AED Nil/- in case of branch office|
|Audit:||Annual audit report to be filed by FZE/FZC. Not required for branch office|
|Estimated time:||3-5 days for incorporation & setting up a company. Another 7-10 days for licensing & registration, and thereafter visas may take approximately 7 days on normal basis|
|Renewal:||License of the company has to be renewed on annual basis. Penalty would be charged by the authority if license is renewed after expiry date.|
The approximate cost for setting up a company in Fujairah Free Zone is between AED 20,000/- to AED 60,000/- depending upon the type of license and facility selected. Documents required are passport copies of shareholders/directors/manager, bank reference letters, project profile, corporate documents, etc depending upon structure of the proposed company.
GBS provides you consultancy and helps you with company incorporation services at 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.