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Business Setup in Fujairah Mainland

Located at the east coast of United Arab Emirates (UAE), Fujairah is one of the seven Emirates of the country. Fujairah is known for cargo ships coming in because of its location. The primary economic drives of Fujairah are tourism, construction, and manufacturing materials of buildings. Its strategic location is greatly used in shipping services, giving access to investors from Arabian Gulf ports, Red Sea, Iran, etc. On a weekly basis, there are mainline services that are from Northern Europe, Mediterranean, etc.

Fujairah has developed tremendously over the years under the rules and guidance of Sheikh Hamed Bin Mohammed Al Sharqi. who is the ruler of Fujairah. Infrastructure is also seen as having its continuous improvements as well to facilitate the investors. And future ones who will be setting up a business in Fujairah. One of the business setups done is Fujairah general trading among many others.

Business setup in Fujairah also requires two partners and for them to be at least 21 years old. There can be a maximum of 50 partners when business owners decide to conduct a company formation in Fujairah. Similar to the other mainlands in the UAE. Fujairah also requires business owners to have a local partner or a UAE national. If they are expatriates. This means that the local partner will hold 51% of the shares. And the business owners will only have 49% of them. This basically means that companies. That is formed in the mainland can’t be owned 100% by people if they are expatriates.

The registration of new businesses in Fujairah takes place in their municipality. Unlike the other Emirates. Because of Fujairah Department of Economic Development being non-existent just yet. Even though that is the case, founding a business does not mean it’s more difficult to do. Fujairah Economic Department helps in this case. Regardless, the procedures would be more bearable when it is done by someone who is an expert at it.

Business consultants can advise you on how to secure a Fujairah municipality trade license and are. Also around to help you to actually obtain a Fujairah trade license. So that you wouldn’t need to go through all of the procedures. They will be the people who will go through all the processing. Such as going to Fujairah licensing department. And even to the Chamber of Commerce Fujairah. Besides speaking about your business plans and which way you think. Your organization should go, a business consultant knows exactly the best warehouse in Fujairah is that can suit your needs. When you have goods to store or machines you need to use.

It can be a difficult journey to face, so it is advisable to hire someone to help you. These consultants can definitely aid you to be more prepared as you take on this venture.

Following industries you can setup in Fujairah Mainland

We covers all the following industries, even if your industry not in list you can consult with us we can help you setup.

Not Sure? Let’s help you

Non-profit

Law Firm

Events Organizing

Cargo & Freight-forwarding

Technical Services

Money Exchange

Health Care

E-commerce

Accounting & Auditing Firm

Oil & Gas

Manufacturing

Financial Institution

Construction / Contracting

Tourism & Hospitality

NGO

Insurance

Educational Institution

Agriculture & Fishing

Real Estate

Media & Entertainment

General Trading

Consulting

Other

Benefits of Setting up Business in Fujairah Mainland

Its strategic location gives Fujairah a good advantage to offer business owners to have an edge in their businesses. With its even more growing economy, Fujairah company formation is more often sought now by investors.

Whether you are looking forward to setup businesses along the industries of Fujairah general trading, commercial, retail, etc. You can take a look at the list of benefits that you will obtain in forming your company in this Emirate.

Currency restrictions do not exist

As with other mainlands, currency restrictions do not apply in Fujairah mainland.

No mandatory yearly auditing

Business setup in Fujairah will give you a benefit of not having a mandatory audit every year. Although the audit is an advantage for your company. You wouldn’t need to scramble around to prepare to be audited by a third-party company.

Rent office anywhere

When you choose Fujairah Mainland, you can select the location that you want your business to be in. You can put a lot of thought into this with regard to your strategy on where your company will suit best.

Conduct business with local market. Your company can gain some benefits in having the opportunity to do business with the local market of Fujairah. This is for the companies that cater to markets.

No limit on activities

In some parts of the UAE, business activities are limited. In Fujairah mainland, you can have a long list of business activities to choose from for your Fujairah company formation.

Zero capital requirement

Business setup in Fujairah is affordable in a sense that. You are not required to prepare money before setting up your business.

Tax-Free

Companies in Fujairah do not need to pay the government corporate and income taxes. Aside from the value-added tax (VAT) that has been recently implemented, the country is still considered as free of tax.

No limit on visas

Fujairah mainland does not limit a company with regard to how many visas is can avail. Businessmen can get as many visas as they want for their employees as they expand.

Business Setup Requirements & Procedure :

Requirements for Company Registration in Fujairah For individual shareholders:

  • Copy of national identification (ID) card of UAE national partner.
  • Passport copies of expatriate shareholders/directors and managers – should include visa with entry stamp.
  • If shareholders or managers have UAE employment visas, they’re required to submit no objection certificates (NOCs) from employers.

For corporate shareholders:

  • List of shareholders (must be in English and Arabic).
  • Exact copies of Memorandum of Association, Articles of Association, and Certificate of Incorporation legalized from UAE embassy.
  • Original copy of Board Resolution for company incorporation with notarized and legalized Power of Attorney from UAE embassy.

Business Setup Cost in Fujairah

Below is the estimated business setup cost with our own assessment of the fees. You can contact us for further information regarding this table of estimation.

UAE Mainland Estimated Official Cost for Study Case/New Business Setup

Fees/Cost/ReceiverNarrationCycleCost (AED)PaymentComments
Trade Name ReservationGovt. AgencyOne time610100% Adv.View
Initial Approval for Your BusinessGovt. AgencyOne time110100% Adv.
Local Citizen – Sponsorship FeeYour Business’ Local SponsorYearly15,000100% LaterView
MOA – Legal Translation ServicesTranslation ServicesOne time1,280100% Adv.View
Notarization of MOAGovt. AgencyOne time960100% Adv.View
Licensing & Certificate of Incorporation Fees (for specific business activity)Govt. AgencyYearly7,000100% Adv.View
File Opening – Immigration (Establishment Card)Govt. AgencyOne time860100% Adv.
File Opening – Ministry of Labour (Establishment Card)Govt. AgencyOne time2,053100% Adv.
E-Signature Card – Ministry of LabourGovt. AgencyOne time1,000100% Adv.
Farhat Office & Co. Fees – Your Business Registration Consultant’s Professional Fees
All of the Following Services are Included:
» MOA drafting – Arabic/English
» Power of attorney drafting – A/E
» Side Agreement drafting – A/E
Professional Fees/Farhat Office & Co.One time15,000100% Adv.
TOTAL43,873View