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Fujairah Free Zone

 

Modern international logistics and a favorable strategic location of the Fujairah Free Zone are the main components that attract foreign investment to the region.  The economic zone can offer a simplified scheme of interaction with government authorities and the procedure for registering international companies.  Features of the jurisdiction provide private investors with the most advanced and efficient financial instruments.  Project partners can count on all kinds of support from the state, including licensing activities, visa and customs clearance.

 

Company advantages in the  Fujairah FZ

 

- Possibility of 100% foreign participation

- Exemption from taxes on business income (excluding VAT 5%)

- No restrictions on hiring foreign workers

- High level of confidentiality 

- Possibility to obtain tax resident status

- The company has the right to obtain a resident visa for shareholders and employees

- No customs duties when working with the Gulf countries

- Favorable location, near the port and airport.

 

Types of companies

 

  • Free Zone Establishment (FZE) - a company with 1 owner.

  • Free Zone Company (FZC) - a company with 2-5 founders.

  • Branch, subsidiary

 

Types of licenses

 

  • Trading / General trading license

  •  Service / consulting (including legal, financial and real estate) license

  • Logistics

  • Trade / consulting or services in the field of oil and petroleum products

  • Investment

  • Holding

  • Production

 

Shareholders and management

 

At least one shareholder (individual or legal entity).

 At least one director (individual)

 

Authorized capital

 

Minimum authorized capital of 150,000 AED

 

Office spaces

 

- Virtual Office

- Flexi Office

- small office  (20 sq. m)

- large office (30 sq. m)

 

Visas

 

Virtual Office - visa-free companies

- Flexi Office - 1 visa

- small office - 2 visas

- large office - 4 visas

 

Accounting and auditing

 

Annual submission of audit reports is required.

 

Notes

 

1. The registration deadline for a company is 6-7 working  days from the filing date.

2. A personal visit of a shareholder or representative acting on the basis of a power of attorney legalized in the UAE is required.

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The specialists of PARUS are always ready to advise you in more detail on all issues regarding the company registration procedure in Fujairah Free Zone.