Fujairah is based on the UAE’s eastern side, and hence, has a separate benefit as compared to the rest of the emirates based along the Arabian Gulf. This emirate is connected well to the UAE’s other prime cities, making it a convenient commercial center. So, if you want to setting up a company in Fujairah then we at Start Business will help you throughout the process. We make this process easy and effective without any hassle.
The emirate of Fujairah encircles approximately 1.5% of the UAE’s region and is the 5th most extensive emirate in the nation. Previously, this emirate was the sovereign Sharjah principality’s portion. Although, since the 50s of the last century, This was identified as a distinct administrative entity. The peculiarity of Fujairah is that this is the only Arab principality situated on the shores of the Indian ocean.
Fujairah emirate is expanding energetically for the last decade, and now entices overseas investment in the country’s economy. The emirate is built to ensure the pleasing conduction of international corporations in the domain of emirate. Today, business people from every corner of the globe are interested in opening businesses in this emirate.
Process Of Fujairah Company Setup
Setting up an enterprise in this emirate and its free zone sector is appealing. How to be, there are many steps you have to be taken to your business in the Emirate. Generally, the procedure comprises the designation of your business activity, registering a corporation, or business name, necessary documents submitted to the respective officials, and visas application.
Also, it is crucial to remember that the limits of the company formation procedure are importantly based on the license and permit type to make an application for, along with the sorts of business to be started.
- You need to acquire preliminary approval for business activity and name from the Municipality of the Fujairah.
- If the business is unique, it must be approved by the relevant Ministry.
- Create a Memorandum of Association of the corporation and make it notarized by the courts.
- The certificate of capital contribution is acquired from the banks for cash amounts and the certificate of auditor for kind stakes and cash stakes.
- Present initial approval and applications as well as a signed Memorandum of Association, certificate of capital, tenancy contract, and more, to the Municipality.
- After scrutiny by the permitted department, the name of a corporation would be entered in the business register and its printed MOA in the Economy Ministry, the Municipality would grant the business license.
Document Required For Fujairah Company Setup
The documents that necessary for setting up a company in Fujairah are mentioned below:
- A valid passport
- The Board of Directors has adopted a resolution
- Attested Memorandum of Association
- An Article of Association
- Business Plan
- Passport size photographs
- Passport copies of the investor
- Passport copies of the shareholder
- Your business’s or organization’s suggested name
- Bank’s mandatory capital amount
- Information about stakeholders and investors
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Advantage Of Fujairah Company Setup
- Strategic Spot
- A focus for global business
- Gateway for other extensive commercial countries.
- The stylish, refined, and efficient contact technique.
- Profits and capital can be repatriated by the state.
- Steady Currency
- Investment opportunities in the tourism field.
- This emirate has liberal economic guidelines and a lawful structure.
- Staffing and recruitment are simple in Fujairah
- Fujairah has the latest infrastructure and effective amenities at a fairly low rate.
- Fujairah emirate helps visas and sponsorship for a reasonably proficient workforce.
How We Can Help You
Start Any Business UAE is one of the supreme business formation consultants that assist business people in forming a venture in Fujairah by taking care of registering a business, and incorporation, and lawful advisory services. Our proficient specialists look after the banking, visa, licensing, and other lawful services, following the UAE rules. Our experts can make easy and reliable the process of forming a firm in a successful manner.
Frequently Asked Questions (FAQ's) On Fujairah Company Setup
To launch a firm in Fujairah, you need to follow just five simple steps, choose your business activity, choose a trading name, select an office space, submit all documents, apply for a visa. Choose Start Any Business UAE professionals who will help you in this process efficiently.
Fujairah Free Zone and Fujairah Creative City are the two primary free zones.
The documents required to register a company in Fujairah include – Filled application, Board resolution, Memorandum of Association, Passport Share capital details, etc. Start Any Business UAE will help you with documentation.
The benefits of Fujairah company setup are – Free trade zone, Vibrant tourism sector, stable currency, Oil industry, zero taxation facility, strategic location, and more you can get during the formation.
There are five types of licenses in Fujairah comprises – Trading license, General Trading license, Professional License, Industrial License, Warehousing license.