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Free Zone in Fujairah is one of the oldest free zones in the UAE. The Fujairah Free Zone offers a variety of facilities for all types of businesses. Fujairah free zone is one of the best options for those who want to start and operate their businesses.
Business setup in Fujairah Free Zone is administered by the laws and customers can benefit from the exception of customs duties on imports of all goods and finished products for export and re-export outside the UAE.
Costs for business setup in the Fujairah Free Zone are reasonable as compared to other free zones in the UAE. Business setup in Fujairah Free Zone can be done with a reasonable cost and minimum requirements. This thing makes the Fujairah Free Zone the most appropriate place for you and for your business.
In this blog, we will have a comprehensive guide on how to start a business in Fujairah Free Zone along with the advantages of establishing a business there.
Setting up a business in Fujairah free zone can be beneficial because it offers a wide range of investment fields . You can opt the best for your business out of extensive range.
Fujairah Free Zone has policies in compliance with the orientation of traders. It makes the place most favorable to traders.
Easy and multi-access from Fujairah Free Zone to nearby markets and the global markets also offers a huge benefit for business owners.
Full investment security in Fujairah Free Zone holds the trust of investors by lowering the chances of risk and financial losses.
Business setup in Fujairah free zone is cost-effective and it provides efficient investment facilitation.
The ultra-modern infrastructure of UAE’s business market make it an ideal place for entrepreneurs to start their businesses.
UAE’s administration offers 100% ownership to foreign investors. You can be your own boss by investing and starting your business in Dubai Free zones.
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Below is the step-by-step procedure for starting a business in Fujairah Free zone:
The first step is choosing the type of business you wish to undertake in Fujairah Free Zone.
The second step for business setup in this free zone is to choose the company type.
Choose a unique name for your business and get it registered with the Fujairah Free Zone authority.
Submit the application form along with all the required legal documents.
After the submission of the application form, pay the relevant fees for company registration, issuance of license, and visa processing.
Once the application is authorized, you will get your trading license.
Now, Apply for visas for shareholders, directors, and employees.
If your business is liable to register for VAT (Value Added Tax), you must register your company with the Federal Tax Authority.
After obtaining all necessary permits and approvals, now you are eligible to start and run your business in Fujairah Free Zone without any hassle.
The following documents are officially required to start your business in the Fujairah free zone:
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Starting your business in Fujairah Free Zone can be done with very minimal requirements. The estimated minimum amount required for setting up a business there is AED 50,000 per company and AED 10,000 per stakeholder. For a corporation to be granted a general business license, this must have a minimum of AED 1 million in share capital.
Whether you want to start your small business or want to grow your already existing business, choosing the right legal entity can significantly impact your venture’s success. Below are the types of legal entities available for setting up a business in Fujairah Free Zone:
Following are the different types of business licenses for starting a business in the Fujairah Free Zone:
b) General Trading License
c) Warehousing License
e) Manufacturing license
f) National Industrial License
g) Professional/Service License
Archtech is a business consulting company been helping hundreds of entrepreneurs for several years to start and grow their businesses. Our expert consultants can provide you with a complete guide on how to start and grow your business in Fujairah’s free zone. From legal requirements to all the documentation required, our expert team will guide you through the entire process, ensuring a hassle-free experience.
Contact Archtech for a business setup consultation TODAY!