Business Setup in Fujairah Free Zone

Fujairah's strategic & unique location as the UAE's only Emirate on East Coast plays a key role in its development and attract investors a for business setup in Fujairah. Under the leadership and vision of His Highness Sheikh Hamed Bin Mohammed Al Sharqi, the Ruler of Fujairah, the Emirates continue to grow.

An amazing amalgamation of the traditional values of the East and modern technologies of the West, Fujairah offers a standard of living comparable to that of world's most developed nations. More than a quarter million people of various nationalities including Emiratis inhabit this Emirate of 1,450 sq. kms.

Business setup & Fujairah free zone company formation

Fujairah Creative City Free Zone

In the year of 2007 Ruler of Fujairah,  His Highness Hamad Bin Mohammed Al-Sharqi, and under the administration of Fujairah Culture and Media Authority a Creative City Free Zone was launched in the Emirates of Fujairah. Fujairah Creative City Free Zone giving trustworthy business setup in Fujairah services in a successful business environment

Fujairah Creative City sets up professional surrounding for  businesses and individuals person working in a big range of business fields including media, communication, education, events, consultancy business, marketing, design and technology compliment existing media clump in the region. Creative City provides business setup in Fujairah licenses to individuals within a Free Zone financial and economical environment. Providing a complete one-stop solution for Fujairah free zone company setup, Creative City offers customized company formation services and  other business packages and assures professional assistance to its free zone company registration clients during every step of a company formation process.

The Fujairah Creative City Free Zone also provides the same benefits as other UAE free zones are providing such as 100% foreign company ownership, 100% repatriation of capital & profits, 100% exemption in corporate, personal income tax, import-export taxes & duties, No currency restriction, Simple & speedy registration procedures and many such benefits.

Location for Business Setup in Fujairah:

Fujairah Creative City, Fujairah, (UAE)

Proposed Activity:

Consultancy/Service/Import & Export (IT Related) activities can be carried out

Business Setup License Available:

Service, Consultancy & Commercial License can be obtained

Types of Fujairah Free Zone Company:

FZE (single shareholder), FZ LLC (2-5 shareholders) & Branch office

Shareholder:

Can be Individuals or Corporate entity

Director:

Individuals only (Minimum one. Shareholder can also be Director)

Share capital:

AED 100,000/- in case of FZE/FZ LLC & AED Nil/- in case of Branch office (Required to be deposited in bank before or after incorporation).

Do note that shares are deemed to be issued on incorporation of the company irrespective of whether share capital is deposited in bank pre or post incorporation.

Audit:

Not applicable

Estimated time:

3-5 working days for incorporation & setting up company in Fujairah Free Zone.

Another 10-15 working days for immigration card subject to security clearance & thereafter Visa may take approximately 7-10 working days on normal basis.

Doc's required for Fujairah Free Zone Company Formation:

Shareholder: Individual

  • Letter of authorisation
  • Application form to be duly filled & signed
  • Brief activity description
  • Passport copies with visa page of owners/manager
  • Tourist/visit visa copy of owners/manager
  • Entry stamp page for owners/manager
  • NOC for owners/manager if holding UAE visa
  • Degree certificate for owners/manager for certain activities
  • Latest utility bill for owners/manager

Shareholder: Corporate

  • Letter of authorisation
  • Application form to be duly filled & signed
  • Brief activity description
  • Passport copy with visa page of manager
  • Tourist/visit visa copy of manager
  • Entry stamp page for manager
  • NOC for manager if holding UAE visa
  • Degree certificate for manager for certain activities
  • Latest utility bill for manager
  • Following docs' of corporate entity to be attested with UAE Consulate in country of corporate entity & MOFA in UAE: COI/MOA/AOA/POA/Board resolution

Note: All shareholders of Free Zone Company (or authorized attorney in case shareholder is a corporate entity) are required to personally visit and sign in presence of licensing authority before incorporation of the company. Alternatively they can issue a POA duly attested by UAE consulate in their country of residence & thereafter attested by UAE Ministry of Foreign Affairs (which may cost approx. AED 2,500/- per POA).

Fujairah Free Zone Company Setup Price:

business setup in Fujairah now for approx. USD 5,207/- (Commercial Service License - No Visa) or approx. USD 8,372/- (Commercial Service License).

Other notes:

  1. Document legalisation cost (in case of corporate shareholders) with UAE Ministry is not included in above cost.
  2. Shareholder or directors wishing to have UAE residency visa on said company will need to revisit after issuance of license, immigration card and visa for stamping of visa on the passport and may need to stay in UAE from 5 to 7 working days as that process may take time.
  3. In case if immigration card is rejected due to security reason, company can claim for refund. Application to be submitted within 3 months from the date of incorporation and liquidation procedures to be followed.
  4. Post box renewal is required to be done on 31st December every year.
  5. Company Immigration card to be renewed every year.
  6. Investors to have family status UAE visa should have share capital of AED 75,000/- and in order to be eligible for Owner/Investor/Partner visa should have share capital of AED 60,000/-.

Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal, tax or other professional advice. We do not accept any responsibility, legal or otherwise, for any errors or omissions.