BUSINESS SETUP IN FUJAIRAH
Fujairah is the only emirate located on the eastern side of the UAE (the Gulf of Oman), and has, therefore, an advantage over the other six emirates situated along the Arabian Gulf.
Fujairah is well-connected to other major cities in the UAE, such as Dubai, Sharjah, and Abu Dhabi, making it an ideal business center.
Fujairah’s business setup has expanded significantly over the past two decades due to the influx of cross-border investors from the Gulf Cooperation Council (GCC) countries. These investors invest in manufacturing, logistics, processing, trading, and assembling, taking advantage of the latest technology and resources available in the region.
Fujairah, the fifth largest emirate in the UAE with an area of about 1.5% of the country, covers about 1.5% of the UAE. Fujairah was a part of the Sharjah Principality before it became an independent Emirate. However, it was only recognized as an independent administrative unit in the 50s of the prior century. Fujairah is unique for being the only Arab principality situated on the coast of the Indian Ocean. As the Emirate of Fujairah has been vigorously developing in the last decade, it is now attracting foreign investments. The free trade zone in Fujairah was established so international businesses can operate comfortably in the Emirate. Investors and businessmen from all over the world are expressing a desire to open businesses in Fujairah today.
Advantages of business setup in Fujairah
- The location is strategic
- Providing a global business focal point
- Gateway to other vast business nations
- Communication system that is efficient, modern, and sophisticated
- State policies permit full repatriation of profits and capital
- Having a stable currency
- Tourism sector offers investment opportunities
- Fujairah’s economic policies and legal framework are liberal
- Fujairah has an easy recruitment and staffing process
- Despite its advanced infrastructure and efficient communication facilities, the emirate is relatively inexpensive
- For an affordable skilled workforce, Fujairah provides sponsorship and visas
- In Fujairah, free zones are 100 percent foreign owned, duties are exempt, and profits are fully repatriable
In addition to other UAE emirates, Fujairah also followed its guidelines governing foreign corporate interests in the Emirate before 1984. Federal Law No. 8 of 1984, subsequently amended by Federal Law No. 13 of 1988 – the “Commercial Companies Law” and its bylaws – have been issued since 1984. The law stipulates that companies must be wholly owned by UAE nationals or that at least 51% of the share capital must belong to UAE nationals, while the remaining 49% belongs to investors.
Our company registration, incorporation, and legal consulting services assist entrepreneurs and firms in business setup in Fujairah. With our experts handling the banking, visa, legal, and licensing formalities, we ensure the UAE laws are followed. With your business objectives at the forefront, we guide you through the company formation process.
In this booming economy, we assist you in setting up your business in the UAE by handling all the legal formalities to help your company gain a foothold, establish free trade agreements, and access the state-of-the-art facilities available in this region. You are welcome to contact us for business setup in Fujairah – we will be glad to help!