Overview of Fujairah Freezone
The strategic and unique location of Fujairah, as the UAE's sole Emirate on the East Coast, is critical to its development. The Emirates continue to expand under the leadership and vision of Sheikh Hamed Bin Mohammed Al Sharqi, the Ruler of Fujairah.
Fujairah offers a standard of living similar to that of the world's most industrialised nations, combining traditional Eastern traditions with modern Western technologies. This Emirate of 1450 sq kilometres is home to more over a quarter million people of diverse nationalities, including Emiratis.
The Port of Fujairah is located next to the Free Zone, ensuring that investors get the most out of Fujairah's strategic location. Investors may access all Arabian Gulf ports, the Red Sea, Iran, India, and Pakistan via weekly feeder vessels by employing the shipping options offered. On a weekly basis, mainline services arrive from the United Kingdom, Northern Europe, the Mediterranean, the Far East, and North America, and offer sailing twice weekly to the Far East and once weekly to North America. The port is equipped to meet the region's growth, with 800 metres of deep-water quay (12.5 m draught), six ship-to-shore gantry cranes, and eleven rubber-tyred yard cranes. In addition to ordinary containers, the port handles bulk dry cargo, Ro/Ro freight, cattle, and general freight.
Gulf Air, Indian Airlines, Egypt Air, and CIS Airlines, as well as a number of freight carriers and operators, all fly into Fujairah International Airport. It is equipped with the latest and greatest modern aviation and air freight handling technologies, as it is the sole airport serving the UAE East Coast as well as Northern Oman. Its proximity to the Fujairah sea port, as well as its common customs facilities, allow for quick and painless marine/air freight operations.
Features of Starting Business in Fujairah Freezone
The Fujairah Free Zone is also notable for its pro-business regulations. The Fujairah free zone firm is immune from all import or export duties on raw materials, production equipment, and completed products according to governmental rules.
Fujairah Free Zone provides the finest circumstances for company formation, as well as a unique connectivity ? logistic link to the rest of the globe, via Fujairah International Airport, Fujairah Sea Port, and road to the Middle East and beyond. Investors gain from quicker transactions as a result of shorter delivery periods. The Fujairah Free Zone (FFZ) gives investors the best lowest pricing and simplest startup criteria. The licences, along with the accompanying paperwork, might be issued in as little as one working day. The low cost of starting a business and the few requirements make Fujairah Free Zone the perfect alternative for you and your firm.
Advantages include:
- Land, sea, and air connectivity to adjacent and global markets.
- A wide range of investment options are available.
- Policies that are beneficial to investors
- Investment facilitation that is both efficient and cost-effective
- Invest with complete confidence.
Types of License Available in Fujairah Freezone
Before you even consider forming a company in the Fujairah free zone, you must be certain of the business activities that will be carried out by your organisation. Different trade licences are available depending on the various company activity. Take a look at the many Fujairah free zone licences that are available:
According to their lease agreement with the government, investors can receive up to 100 percent ownership operational licences in the following categories:
License for trading and general trading
Authorized to import, export, and re-export commodities that have been agreed upon and stated. The licence allows the investor to freely import, export, and re-export both within and beyond the UAE. The Authority can establish special permits with the relevant government authorities for hassle-free operations in the case of focal distribution.
License for warehousing
Obtainable through the leasing of storing facilities. This licence allows the investor to use the warehouse as a key distribution hub, allowing for better storage and packing.
License for manufacturing
Obtained after the project's approval and implementation. All projects, including labour and machinery, must be adequately insured. The following items must be identified before a manufacturing licence can be granted:
- Built-up and open space are both required.
- Power, water, and manpower are all needed.
- The project's environmental implications.
It also grants special permits to foreign investors that seek to invest in businesses such as petrochemicals, education, oil, and investments, among others.
Types of Legal Entities Registered under Fujairah Freezone
The Fujairah International Airport (FFZA) offers a diverse range of commercial options. Given that Fujairah is a free zone, let us examine the many Fujairah Free Zone Companies that can be founded here:
- A foreign company's branch (including offshore).
- A branch of a company based in the United Arab Emirates.
- Establishment of a Free Zone (FZE).
- Company that operates in a free zone (FZC).
Fujairah Free Zone Business Sectors
Fujairah expands the commercial opportunities for over 200 different industries. Information and Technology, Textile Industry, Gold Industry, Recycling Business, Perfumes and Plastics, Trading Sector, and Service Sector are only a few of the key areas of business.
Why one should Start a business in Fujairah Freezone?
Fujairah welcomes international investment from all over the world since it is a trade-free zone. The zone offers a variety of advantages, including:
Lowest Cost of Setup
A large sum of money is required to start a business. Fujairah has shown this statement to be false. The Fujairah creative free zone offers the option of starting a business for as little as AED 5,000.
100% Tax Exemption
Tax Exemption of 100% Tax is a pain that every business faces. It becomes an impediment to starting or expanding a firm. You do not have to pay tax in Fujairah. This measure is a boon to foreign investors, as it relieves them of the burden of paying taxes.
Physical Presence
Physical Presence Technology is important at this time because it is what gave rise to the virtual office notion. In order to form a corporation in Fujairah, you do not need to be physically present. A No Objection Certificate (NOC) is not required for foreign investors.
Quick Process
Company documentation and a business licence can be obtained in the Fujairah Free Zone in as little as seven days thanks to the simple application process.
100 percent capital and profit repatriation
This is another benefit that allows international investors to repatriate all of their capital and earnings made during the course of their operation.
Multiple Visas for Residency
There is no necessity to lease a physical office in the Fujairah Free Zone for up to 6 UAE resident permits.
How will Dhanguard assist you?
Before incorporating, we recommend contacting a business setup company in the Fujairah Free Zone to do a name and activity check. The same firm can accompany you to the free zone to expedite the paperwork.
Do you wish to open a company in the Fujairah Free Zone? In the Fujairah Free Zone, we provide company formation and registration services.
Our team of skilled specialists is dedicated to providing you with the best business formation solutions in Dubai. We welcome your questions, comments, and recommendations that will help us provide better service to you. Get in touch with us!
