Business Setup in Fujairah, UAE
Start your business journey in Fujairah - the gateway to the Gulf. Experience low setup costs, a strategic location, and a supportive business environment. Start today and unlock endless possibilities for growth and success.
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Company Formation in Fujairah
Fujairah is one of the seven emirates of the United Arab Emirates (UAE). Fujairah is a rapidly growing business hub known for its strategic location, modern infrastructure, and favorable business environment. Fujairah has close proximity to major markets in the Middle East, Africa, and Asia. Fujairah has become an attractive destination for business owners planning to expand their reach and tap into new opportunities.
The authorities of Fujairah have taken several steps to develop a business-friendly environment that encourages economic growth. The guide will provide an overview of the important considerations and steps for business setup in Fujairah.
Finding a Location for Your Company Formation in Fujairah
Fujairah Mainland
Business setup in Fujairah has grown in popularity due to Dubai and Abu Dhabi’s high cost of living. Fujairah offers a cost-effective company setup and plenty of business opportunities and benefits. When you set up a company on the Mainland, you enjoy tax-free advantages, no limits on employment visas, and more.
A Mainland company does have a few requirements. There must be minimum of two partners who are at least 21 years old. You must also find a local sponsor owning 51% of the company.
Fujairah Free Zone
Fujairah Free Zone is ideal for companies that want to do trading. The Free Zone is next to the Port of Fujairah and has easy access to all Arabian Gulf ports. The Fujairah International Airport is also near the Free Zone.
Fujairah has a well-connected highways. The strategic location allows businesses to optimize many business processes and reduce delivery time.
Fujairah Creative City Free Zone
Fujairah Creative City Free Zone slightly differs from a regular Fujairah Free Zone. The Fujairah Creative City Free Zone was setup in 2007 to attract clients in the media field. Advertising, audio/visual, architecture, broadcasting, marketing, and photography are popular business activities in this Free Zone. This region offers convenience, and new expansion opportunities.
Types of Business Entities in Fujairah
Select the company type when setting up your company's legal company. Here’s a look at Fujairah's different types of business entities and what they involve.
Sole Proprietorship
Medical Services, engineering consultancies, legal practices, and computer consultants are just a few jobs in this category. The owner will be responsible for all the responsibilities and liabilities of the company.
Limited Liability Company
This is the most common company in Fujairah and the UAE. With a Limited Liability Company (LLC), you must have a minimum of 2 shareholders and a max of 50. The shareholder's liability limits itself to the shares in the business.
General Partnership Company
The name of this company can be made up of the partners' names. In this type of company, it’s an arrangement between two or more partners who are UAE nationals. Each partner is jointly liable to the extent of all their assets for the company’s liabilities. All partners act as dealers, so if any partner goes bankrupt, all partners also go bankrupt.
Professional Company
This type of company is set up between professionals who can only conduct non-commercial activities. The company can have foreign shareholders. However, it needs a UAE national as a service agent. The service agent will not hold shares in the company but may require an annual fee.
Joint Venture
This is a popular business method in the UAE. With a joint venture, two or more partners agree to share the losses and profits of one or more commercial companies.
Public Shareholding Company
This type of company, a public joint-stock company, is divided into equal shares. A shareholder's liability limits itself to the number of shares they hold.
Private Shareholding Company
Three or more people form this company. The company can’t invite the public to subscribe to shares.
Fujairah Business License Types
For business setup in Fujairah, you must apply for a business license. The businesses need to have a license to operate.
General Trading License
The General trading license allows investors to trade in various products. This license will allow individuals to import and re-export specified commodities in and outside the UAE.
Trading/Commercial License
This license type allows you to trade in specified products. The type of products depends on the rules of the license issuing authority. Gryffin Capitalist can help guide you through the application process and even the Fujairah trade license renewal.
Service License
Accounting firms, law firms, business consultants, and other types of firms that offer services will have to apply for this license.
Industrial License
An industrial license lets a company import raw materials for further processing. It can also make products and export them to any country.
Manufacturing License
If your company needs a manufacturing license, you will need approval first. You can get a license after the authority in the Free Zone approves your project.
Benefits of Forming a Company in Fujairah
- An ideal location for major ports and an international airport
- Government has investor-friendly policies
- Simple staffing and recruitment
- Zero income tax
- Low operating costs
- No currency restrictions for company formation in Fujairah
- Visa sponsorship support
- Two Free Zones
- No yearly auditing requirement
- Flexibility for renting office space
Steps for Fujairah Company Set Up
Please find the below steps for Company registration in Fujairah.
Every business needs a unique and different name to stand out from other businesses. You will also have to settle on what type of activity you will have. Fujairah Municipality will issue the primary approval.
You must get permission from the concerned Ministry/Department if the business is unique.
You must draft the company’s Memorandum of Association and have it notarized.
The Capital Contribution certificate, which is for cash shares, comes from the bank. The Auditor’s Certificate is for cash shares and kind shares.
Get approval of the MOA, tenancy contract, capital certificate, and other documents needed. You must notarize and submit them all to the Municipality.
The trade name will be approved and entered into the Commercial Register. After approval, the Municipality will issue the business trade license.
Fujairah has many benefits for business owners, like no personal taxes, a strategic location, and a business-friendly environment. The entrepreneurs from all over the world want to set up their companies in Fujairah. Planning to setup your company in Fujairah, we can assist you.
Documents Required for Company Formation in Fujairah
- A valid business license and trade name certificate
- A resolution from the Board of the Company
- Proof of Memorandum of Association
- An Article of Association from the Embassy
- Business plan
- Passport-sized photographs
- Copy of investor’s and shareholder’s passports and their personal information
- The mandatory capital amount deposited into the bank
What our clients say
Thanks to Gryffin Capitalist, starting my business in the UAE was smooth and efficient. They offered advice on company formation and licensing and assisted in opening a bank account.
Starting a business in the UAE seemed complicated, but Gryffin Capitalist made it seamless. The team is very knowledgeable, professional, and responsive.
I had a great experience registering my company in the UAE with Gryffin Capitalist. The Gryffin Capitalist team assisted in selecting the right Emirate to complete all legal steps.
Why Choose Gryffin Capitalist?
We are your one-stop shop for everything when you need to start a company in Fujairah. We can help you in setting up a company in Fujairah. Our team of experts has in-depth knowledge in the consultancy field and will guide you through the best options suited for your company.
We will guide you through the administrative, financial, and legal processes require to start a company in Fujairah. We provide customize solutions as per client requirement. We are more than just a service provider, we want you to consider us a long-term partner.
Reach out to us if you are planning to start a company in Fujairah. We can assist you with bank account opening with company registration.
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Popular Links for UAE Location
Important articles entrepreneurs should read and have clarity before deciding the company structure, business activity and business setup locations.
Frequently Asked Questions (FAQs)
Fishing, farming, and tourism have always been important for Fujairah's economy. The city is also a key port. It has access to significant shipping routes.
Get approval from Fujairah Municipality, create a Memorandum of Agreement (MOA), and submit a registration application with all necessary documents.
You will need the following documents to set up the company in Fujairah.
• Copy of your shareholders' and directors' passports.
• Memorandum of Agreement (MOA)
• Business trade license and a trade name certificate
• A bank deposit of required capital is necessary
• personal information of your shareholders and investors
Yes, businesses in Fujairah Mainland must have physical office space to conduct their operations. But, some service-based companies may not need any office space.
The time taken can vary from some days to weeks, depending on the completeness of documentation and processing by local authorities. To fast-track the process, you should reach out to a competent business setup firm.
