{"id":258,"date":"2020-08-26T09:00:40","date_gmt":"2020-08-26T08:00:40","guid":{"rendered":"https:\/\/www.dubaifreezonecompany.com\/blog\/?p=258"},"modified":"2024-02-14T12:27:02","modified_gmt":"2024-02-14T08:27:02","slug":"business-setup-in-fujairah-company-formation-options","status":"publish","type":"post","link":"https:\/\/www.dubaifreezonecompany.com\/blog\/2020\/08\/26\/business-setup-in-fujairah-company-formation-options\/","title":{"rendered":"Business Setup in Fujairah \u2013 Company Formation Options"},"content":{"rendered":"\n

Fujairah is a growing economic hub of UAE. Located on the\nEast Coast of UAE with a large coastline (90 KM) overlooking the Indian Ocean, Fujairah\nhas a bustling international Sea Port and an International Airport.<\/p>\n\n\n\n

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. <\/p>\n\n\n\n

Fujairah – A Growing Trade Hub of UAE<\/h2>\n\n\n\n

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. <\/p>\n\n\n\n

On the business infrastructure front, Fujairah is a popular choice among foreign investors. <\/p>\n\n\n\n

Especially among the international traders (foreign investors) as the cost of cargo handling, storage, and warehousing facilities are far lesser than in Dubai. <\/p>\n\n\n\n

Popular Company Setup Structure in Fujairah<\/h3>\n\n\n\n

The companies in Fujairah are categorized into majorly two company\nformation structures that are:<\/p>\n\n\n\n

    \n
  1. Mainland LLC Company Setup<\/li>\n\n\n\n
  2. Free Zones in Fujairah (Free Zone Establishment,\nFree Zone Company, Free Zone LLC)<\/li>\n<\/ol>\n\n\n\n

    1. Mainland LLC Company Setup in Fujairah<\/h4>\n\n\n\n

    To set up a Mainland Limited Liability Company in Fujairah,\nthere is a requirement of a minimum of two shareholders and a UAE National\nSponsor.<\/p>\n\n\n\n

    The name approval for the business has to be obtained from the Fujairah Municipality. <\/p>\n\n\n\n

    Followed by that, submit the required documents such as shareholder agreement, passport copy, any required approvals (for few industries) from the ministry or departments. <\/p>\n\n\n\n

    The required fees for the license must be paid to the\nFujairah Municipality to receive the company documents and the license. <\/p>\n\n\n\n

     LLC Company Setup in Fujairah\nis the best fit for small scale trading companies, retail stores, distributors,\netc. <\/p>\n\n\n\n

    2. Free Zones in Fujairah <\/h4>\n\n\n\n

    Free Zones in Fujairah significantly contribute to the growth of the economy in Fujairah. <\/p>\n\n\n\n

    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. <\/p>\n\n\n\n

    The most popular Free Zone in Fujairah is the International\nFree Zone Authority. It offers affordable Business License Packages for investors\nin the UAE.<\/p>\n\n\n\n

    To add to the Free Zone ecosystem, there is the Fujairah\nFree Zone and the Fujairah Creative City Free Zone. <\/p>\n\n\n\n

    1. Fujairah Free Zone<\/h4>\n\n\n\n

    Fujairah Free Zone is another Free Trade Zone located\nadjacent to the Fujairah Port and a major destination for trading companies. <\/p>\n\n\n\n

    The Fujairah Free Zone offers a wide range of business\namenities and infrastructure support for entrepreneurs ranging from share\noffice spaces to customized warehouse facilities.<\/p>\n\n\n\n

    Reach out<\/a> to our team to know more about Fujairah Free Zone.<\/em><\/p>\n\n\n\n

    2. Fujairah Creative City <\/h4>\n\n\n\n

    Fujairah Creative City is a popular free zone for media and entertainment companies. <\/p>\n\n\n\n

    It offers exceptional infrastructure and customized business license packages for entrepreneurs in the field of media, events, education, communication, etc.<\/p>\n\n\n\n

    To know more, read: Company Setup in Creative City Free Zone<\/a><\/em><\/p>\n\n\n\n

    Popular Business License Types in Fujairah Free Zones<\/h3>\n\n\n\n

    1. Trading & General Trading License<\/h4>\n\n\n\n

    Investors intending to initiate import, export, re-export activities<\/a> from UAE to international markets must apply for the Trading License. <\/p>\n\n\n\n

    Depending on their products and nature of the business\nactivity, the specific trading license can be applied for from the Free Zone\nAuthorities.<\/p>\n\n\n\n

    2. Warehouse License<\/h4>\n\n\n\n

    To lease Warehouse facilities for storage, distribution,\npackaging, etc., the investor must obtain the Warehouse License. <\/p>\n\n\n\n

    There is a wide range of customizable warehouses available\nin the Free Zone premises of Fujairah. Also, there is land for lease options\navailable to build your warehouse at the Free Zone premises.<\/p>\n\n\n\n

    3. Manufacturing License<\/h4>\n\n\n\n

    To implement a large manufacturing project, there are\nspecial licenses available with the Free Zones. However, it requires a lot of\napprovals for obtaining a manufacturing license in Fujairah.<\/p>\n\n\n\n

    Following specifications must be submitted to the Free Zone\nauthorities to assess the feasibility<\/p>\n\n\n\n