Fujairah Free Zone
Located in the north of emirate’s capital, Fujairah City, the Fujairah Free Zone (FFZ) is a special economic zone. The FFZ is one of the seven emirates that comprise the United Arab Emirates (UAE).
Fujairah’s unique and strategic location holds a key role in its development and has reached new heights under the leadership and vision of Sheikh Hamid Bin Mohammad Al Sharqi, who is the ruler of Fujairah. For entrepreneurs and business owners, it is important to understand the free zone regions as they help you set up your business venture in the UAE.Fujairah Free Zone Company Formation
Fujairah Free Zone is right next to the Port of Fujairah. Company setup in Fujairah Free zone will give you access to markets nearby. It also benefits you greatly as it is close to Fujairah International Airport which the only airport is serving the UAE East Coast. Emirate of Fujairah is a combination of strategic geographic location with access to the world’s main shipping routes. A fine airport & seaport and streamlined procedures, make the Free Zone of Fujairah the best place for company formation.
Setting up a company in Fujairah free zone is favorable because of three ultimate reasons, connectivity, accessibility, and economy. The companies there also have easy access to the gulf coast, Pakistan, India, Iran, and the red sea. The mainland services available to the business setups in Fujairah free zone authority are from as far as Europe, North America, Mediterranean, and the Far East.
Type of companies in Fujairah free zone
It provides three types of company ownership for business setup:
1. Free Zone Establishment (FZE): A free zone establishment is an entity with sole ownership.
2. Free Zone Company (FZC): A free zone company is an entity that can be owned by 2 to 5 partners.
3. Branch/Representative office: Both UAE-based and foreign companies can establish a branch office.
Business Licenses in Fujairah free zone
Fujairah Free Zone Authority provides a number of business licenses to meet the need of individuals and companies.
- Trading and general trading license:
Under trading and general trading license, one is entitled to carry out import, export, and re-export freely.
- Warehousing license:
It entitles the investor to use the warehouse as a center for distribution, storage, and packaging of goods.
- Manufacturing license:
This license allows investors to set up manufacturing plants and industries.
Documents Required for Company Setup
1.Several types of documents will be required to submit in all relevant authorities.
2.All these documents must be complete and fully attested.
3.Complete information about shareholders, directors, and managers is mandatory.
Fujairah Free Zone Company Formation FeesFujairah Free Zone Advantages
The free zones are established to encourage new investors and provide them with ease of doing business. Fujairah free zone rules and regulations and advantages are the same as the rules and advantages of any other free zone in the UAE. Which are as follows: