Open a Company in Fujairah Free Zone
Open a Company in Fujairah Free ZoneUpdated on Thursday 19th January 2017
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The Fujairah Free Zone is a secure place for foreign investments, especially in the fields of assembly, distribution, manufacturing and trading. Located near the Indian Ocean, Fujairah is also directly linked to Dubai and Abu Dhabi, the capital of the United Arab Emirates. When you decide to open a company in Fujairah Free Zone, you could rely on a local law firm for legal assistance.
Why to start a business in Fujairah Free Zone
There are several advantages from which you will profit if you choose to open a company in Fujairah Free Zone. This entity follows the special regulations emitted by the Fujairah Free Zone Authority, thus providing 100% ownership for foreign companies and no hidden costs, thanks to the investor-friendly policy. Our attorneys in Dubai can help you understand and make use of these regulations when you set up a business in Fujairah Free Zone.
It is an attractive business environment because of the abundance of investment fields. Moreover, an advantageous tax policy grants you the exemption from the tax payments. You will be exempted as well from all custom duties and you will benefit from common customs for the maritime and air transportation, thus reducing costs and time loss.
Company types and company formation procedure in Fujairah Free Zone
In matters of what legal structure to choose, an investor has several options when deciding to set up a business in Fujairah Free Zone. If the structure you plan to open needs only one owner, then what you need is a free zone establishment or a FZE. Whether you have up to five partners, then you should consider the free zone company as a much more appropriate legal structure for your needs. Whether you don’t want to establish an independent company, but you still need to extend in Fujairah, then you can establish a branch. While for FZE or FZC you need to deposit a minimum capital of AED 150,000, the establishment of a branch does not require an initial capital.
In order to establish a company in Fujairah, you might need to consult with one of our lawyers in Dubai. They will help you go through the legal procedure of company formation by obtaining the required licences and elaborating the mandatory documentation. For a branch you will need to submit the articles of association and the operating licence of the parent company. For a free zone company will fill an application form, and obtain from the bank a proof that the minimum capital exists in the company account. Sometimes the gathering of all documentation can be a difficult time consuming activity, reason for which we recommend you to collaborate with a local law firm.
Please contact our law firm in Dubai for a smooth and fast company formation experience in Fujairah Free Zone and for professional legal counselling and support in this region.