FUJAIRAH FREE ZONE UAE Offshore Company Formation and Freezone Business Registration

FUJAIRAH FREE ZONE

Introduction

Investors wanting to develop tasks in Fujairah Free Zone should follow the treatments set out listed below to obtain the necessary approval:

Economy is thriving all over the UAE, and taking motivation from Dubai and Abu Dhabi, Fujairah has actually also created its own free zone which lies around the Jebel Ali port. While normally the stake of a foreign business owner in Fujairah is limited to 49%, business setup in Fujairah freezone offers you the advantage of 100% ownership.

FUJAIRAH FREE ZONE

FUJAIRAH FREE ZONE

Organisation setup in Fujairah freezone and why is it advantageous?

3 words-Accessibility, connection and Economy.

Freezone of Fujairah is close to port of Fujairah, Fujairah around the world airport (which is the only airport on the entire east coast). Due the aspects, the freezone organisation have basic access to gulf ports, India, Pakistan, Iran and red sea.

Fujairah is the Fifth biggest of the 7 emirates of the United Arab Emirates and is the simply one with a shoreline solely on the Gulf of Oman. There are 2 substantial Free Zones in Fujairah– the Fujairah Creative City and the Fujairah Free Zone.

Fujairah Creative City concentrates on a broad spectrum of business fields consisting of media, occasions, consulting, education, interaction and marketing, music and house entertainment, style and development. Fujairah Free Zone neighbors to the Port of Fujairah and near the Fujairah International Airport. It focuses on trading entities, company, logistics organisation and makers.

  1. Submission of a completed study readily available from the Fujairah Free Zone authority, together with the following:-.

Certificate of Registration of your Moms and dad Company consisting of the origin of the nation, in addition to the legal files connecting to the center of the Business.

Enacted laws certificate revealing the Owner, the Board of Directors and designated Supervisor. An application for the energies needed for Water, Electrical power and preparing files in addition to efficiency research study of the task.

  1. In case of producing systems a job report detailing the procedure needs to be sent to the Authority for environment clearance.

     3.Preliminary approvals will be given up accordance to the assessment of the sent out documents, trustworthiness of the job based upon centers of the Port and the Airport.

There are 2 substantial Free Zones in Fujairah– the Fujairah Creative City and the Fujairah Free Zone. Fujairah Creative City concentrates on a broad spectrum of organisation fields consisting of media, events, consulting, education, interaction and marketing, music and house entertainment, style and development. Fujairah Free Zone is surrounding to the Port of Fujairah and close to the Fujairah International Airport. Freezone of Fujairah is close to port of Fujairah, Fujairah worldwide airport (which is the only airport on the entire east coast.

Physical existence in the UAE not needed to integrate your brand-new business – the business development procedure can be finished from the convenience of your very own house by means of the Free Zone’s fast and easy application procedure. If you currently hold a UAE residency visa, we do not need an NOC from your present sponsor in order to form your brand-new business.

No Paid up Share Capital or Yearly Audit – unlike lots of other Free Zone alternatives, you aren’t hindered by needing to obstruct a big share capital quantity with your bank in order to form your brand-new business, nor do you need to go through the time and expenditure of a troublesome business audit every year to restore your trade license.

Freezone of Fujairah is close to port of Fujairah, Fujairah global airport (which is the only airport on the whole east coast). Due the elements, the freezone business have simple access to gulf ports, India, Pakistan, Iran and red sea.

– Exemption of customizeds responsibilities on imports of all products and ended up items for the function of export and re-export outside the UAE. Customers require not pay tasks on factory equipment or basic material utilized in production;

– All kinds of organisation are thought about, based on Fujairah Free Zone Authority approval;

– No minimum capital requirements for establishing a business in the Free Zone. AED 150,000 is the basic share capital for signing up a Free Zone Facility (FZE) or a Free Zone Business (FZC) however the minimum share capital and paid-up capital requirements differ depending upon the kind of licence;

The Fujairah Port is an essential port for container liners and for the world’s biggest animals shipping business, which have actually established their primary holding station for sheep and livestocks for the whole Arabian Peninsula here. The Federal government’s liberalized treatments and well-structured facilities offers exceptional assistance for business owners to develop, diversify and grow. The Department of Industries and Commerce offers every infrastructural center for service in Fujairah to expand.

Freezone of Fujairah is close to port of Fujairah, Fujairah worldwide airport (which is the only airport on the whole east coast). Due the elements, the freezone business have simple access to gulf ports, India, Pakistan, Iran and red sea.

The Fujairah Port is an essential port for container liners and for the world’s biggest animals shipping business, which have actually set up their primary holding station for sheep and livestocks for the whole Arabian Peninsula here.

Posted on May 10, 2017 in UAE Free Zones

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