The post Business Setup in Fujairah – Company Formation Options appeared first on AURION.
]]>It is well connected and is one of the major trade lines to international markets and connecting to India, Iran, and the Rest of Asia.
Fujairah is a perfect location for large industries like Petroleum, Natural Gas, Energy. It has grown into a busy trading hub as the port handles a significant amount of Cargo daily.
On the business infrastructure front, Fujairah is a popular choice among foreign investors.
Especially among the international traders (foreign investors) as the cost of cargo handling, storage, and warehousing facilities are far lesser than in Dubai.
The companies in Fujairah are categorized into majorly two company formation structures that are:
To set up a Mainland Limited Liability Company in Fujairah, there is a requirement of a minimum of two shareholders and a UAE National Sponsor.
The name approval for the business has to be obtained from the Fujairah Municipality.
Followed by that, submit the required documents such as shareholder agreement, passport copy, any required approvals (for few industries) from the ministry or departments.
The required fees for the license must be paid to the Fujairah Municipality to receive the company documents and the license.
LLC Company Setup in Fujairah is the best fit for small scale trading companies, retail stores, distributors, etc.
Free Zones in Fujairah significantly contribute to the growth of the economy in Fujairah.
There is a rise in new company registration in the Free Zones due to the wide range of investor benefits and the business-friendly government policies.
The most popular Free Zone in Fujairah is the International Free Zone Authority. It offers affordable Business License Packages for investors in the UAE.
To add to the Free Zone ecosystem, there is the Fujairah Free Zone and the Fujairah Creative City Free Zone.
Fujairah Free Zone is another Free Trade Zone located adjacent to the Fujairah Port and a major destination for trading companies.
The Fujairah Free Zone offers a wide range of business amenities and infrastructure support for entrepreneurs ranging from share office spaces to customized warehouse facilities.
Reach out to our team to know more about Fujairah Free Zone.
Fujairah Creative City is a popular free zone for media and entertainment companies.
It offers exceptional infrastructure and customized business license packages for entrepreneurs in the field of media, events, education, communication, etc.
To know more, read: Company Setup in Creative City Free Zone
Investors intending to initiate import, export, re-export activities from UAE to international markets must apply for the Trading License.
Depending on their products and nature of the business activity, the specific trading license can be applied for from the Free Zone Authorities.
To lease Warehouse facilities for storage, distribution, packaging, etc., the investor must obtain the Warehouse License.
There is a wide range of customizable warehouses available in the Free Zone premises of Fujairah. Also, there is land for lease options available to build your warehouse at the Free Zone premises.
To implement a large manufacturing project, there are special licenses available with the Free Zones. However, it requires a lot of approvals for obtaining a manufacturing license in Fujairah.
Following specifications must be submitted to the Free Zone authorities to assess the feasibility
The Free zones in Fujairah offer service license for accounting firms, law firms, individual PR actioners, marketing companies, consultancies, etc., to conduct business legally in the UAE.
The Fujairah Free Zones provide the required business infrastructure and a platform for comfortable operation of international business.
To know more about the business opportunities in Fujairah and low-cost company setup packages, talk to our expert business team right away!
Contact: Aurion Business Consultants
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