Establishing a real estate company in Dubai

The Fujairah Free Zone was established to support investment and help in its growth and prosperity, making it an attractive area for investors and businessmen who want to establish a company in the Fujairah Free Zone. The Free Zone in the Emirate of Fujairah is a global center for high-quality services and innovative facilities, and the Fujairah Free Zone has become a target for businessmen who want to In preparing their business and establishing their companies within the UAE markets.

What are the basic steps for establishing a company in the Fujairah Free Zone?

Establishing a company in the Fujairah Free Zone is considered an excellent option for investors seeking to benefit from trade and customs facilities. The Fujairah Free Zones offer an ideal business environment while providing advanced infrastructure and easy access to local and regional markets. To establish a company in the Fujairah Free Zone, you must follow the following steps:

1. Choose the type of company: Select the type of company you wish to establish in the Fujairah Free Zone. Your options may include Public Joint Stock Company, Limited Liability Company, Sole Proprietorship, etc.
2. Find a suitable free zone: There are several free zones in Fujairah, such as “Jebel Ali”, “Fujairah Port”, and “Al Fawana”. Research and choose the free zone that matches your business and specific requirements.
3. Submitting a registration application: Contact the relevant authorities in the Fujairah Free Zone and inquire about registration requirements and procedures. You may need to submit a registration application and complete the required forms.
4. Prepare the required documents: The required documents may vary depending on the type of company and the free zone you choose. Basic documents usually include your passport, passports of other partners, registration application forms, contracts, business plan, certificates of qualifications, etc.
5. Payment of fees: You may be required to pay registration and license fees at this stage. Fees are determined based on the type of company, free zone, and services provided.
6. Approval and receipt of licenses: After completing the procedures and paying the fees, your application will be reviewed and processed by the competent authorities in the free zone. If your application is approved, you will receive the necessary licenses to start your business in the Fujairah Free Zone.
7. Registration with government agencies: After obtaining basic licenses, you may need to register with other government agencies to ensure full compliance and legal operation of your company, such as the Department of Economic Development (DED), tax authorities, social security, and others.

Topics that may interest you:  Procedures for establishing a company in the free zone

Necessary steps to obtain licenses and permits

To obtain the necessary licenses and permits to establish a company in the Fujairah Free Zone , you must follow the following steps:

1. See licensing requirements: Check the licensing requirements for your specific business in the Fujairah Free Zone. You can find out about these requirements by contacting the relevant authorities or visiting their website.
2. Submit a license application: Submit the appropriate license application for your business. The license application includes information about the proposed business, details of shareholders or officers, and location and address details of the company.
3. Complete the required documents: You must submit a set of necessary documents with the license application. These documents may include passports of shareholders or officials, necessary contracts and agreements, business plan, necessary qualifications certificates, financial reports, etc.
4. Payment of fees: You may be required to pay licensing and permit fees at this stage. Fees are determined based on the type of company, its activity, the size of capital, etc.
5. Application review and approval: The competent authorities in the free zone will review your application and attached documents. If your application is approved, you will receive the necessary operating permits and licenses.
6. Registration with other government agencies: After obtaining basic licenses and permits, you may need to register with other relevant government agencies. These entities may include the Financial Regulatory Authority, the Department of Economic Development, tax authorities, social security authorities, and others.

Cost of a business license in Fujairah

Read also:  Establishing a company in the free zone

A limited liability company in the free zones in Fujairah

Establishing a company in the Fujairah Free Zone. Establishing a limited liability company in the Fujairah Free Zones is considered an independent legal entity, as the company is separate from its owners and shareholders. Therefore, the company’s assets and liabilities are not the personal assets and liabilities of the shareholders. Our expert business consultants can help you register your company. Limited liability company is properly established with the correct required licenses.

Fujairah Creative City provides licenses to individuals within an economic environment in the free zone. It organizes and processes all government procedures, work permits and visas and facilitates the process of starting a business. Fujairah Creative City provides integrated and robust solutions, offers customized services and business packages and ensures professional assistance to its clients during every step of the company formation process.

Establishing a limited liability company in the Hurriya areas of Fujairah provides exciting opportunities for investors. These companies enjoy distinctive customs and tax facilities, while maintaining legal protection for the company owners. This type of company offers flexibility in its organizational structure and management, making it an ideal choice for business in Fujairah and expanding the business both locally and internationally.

Tax exemptions available in Fujairah free zones

The Fujairah Free Zones provide several tax exemptions that attract investors and promote economic growth, which helps you establish a company in the Fujairah Free Zone. Among the tax exemptions available in these areas:

1. Not imposing personal income tax: Residents and companies in the Hurriya areas in Fujairah enjoy not imposing personal income tax on income generated from commercial activities within the area.
2. Not imposing a corporate tax: The Freedom Zones in Fujairah do not impose a corporate tax on profits made from commercial activities within the zone.
3. No Value Added Tax (VAT): No VAT is charged on goods and services sold or provided within the Freedom Zones in Fujairah.
4. Exemption from customs duties: Investors in the Freedom Zones in Fujairah enjoy exemption from customs duties on imports, exports, and international commercial transactions.
5. Exemption from real estate tax: Companies in the Hurriya areas of Fujairah can benefit from tax exemptions on real estate and assets owned by them within the area.

These tax exemptions make the Freedom Zones in Fujairah a preferred destination for companies that want to expand their business and achieve economic growth without the burden of traditional taxes.

Related topics: Authorities regulating free zone activities in the country

Advantages of establishing a company in the Fujairah Free Zone

Establishing a company in the Fujairah Free Zone provides many advantages and benefits to investors. Here are some key features:

• Complete independence: Fujairah free zones provide a completely independent business environment, where investors have the freedom to conduct their businesses independently without unnecessary government interference.
• Tax exemptions: Fujairah free zones provide important tax privileges, as complete exemption from direct taxes and customs fines on import and export is provided, which contributes to achieving significant savings in the company’s operational costs.
• Ease of establishment: Establishing companies in free zones is characterized by easy and simple establishment procedures. Logistical and administrative support is provided to investors to facilitate the process of establishing and registering the company.
• Access to the regional market: Fujairah Free Zones are characterized by an excellent strategic location that provides access to regional markets in the Gulf region and the Middle East. Thanks to the advanced infrastructure and available sea and air ports, this allows easy access of goods and services to all parts of the world.
• Facilities and Logistics Services: Fujairah Free Zones provide a wide range of advanced logistics facilities and services, including warehouses, equipped industrial zones, warehousing, distribution, shipping, transportation and customs clearance.
• Foreign Direct Investment: Fujairah Free Zones encourage foreign direct investment and provide an open and stimulating investment environment, which attracts investors from various sectors and countries.

Please note that specific features may vary between different free zones in Fujairah. It is advisable to check updated information and guidance from relevant authorities before making any decision to establish a company in the Fujairah Free Zone.

Logistics services available in Fujairah free zones

Free zones in Fujairah provide a wide range of logistics services that facilitate import, export and distribution operations for companies residing there. Among the logistical services available in Fujairah free zones:

• Customs Clearance and International Shipping: Fujairah Free Zones provides fast and efficient customs clearance services to facilitate the import and export of goods across international borders.
• Warehousing and Distribution: Modern warehousing facilities equipped with the latest technology are available in the Fujairah Free Zones, allowing goods to be stored safely and efficiently and distributed quickly and efficiently.
• Transport and shipping services: Fujairah free zones provide land, sea and air transport and freight services, allowing companies to transport goods quickly and efficiently to their intended destinations.
• Additional Logistics Services: In addition, Fujairah Free Zones provide additional logistics services such as packaging, supply chain management, tax and customs clearance, to comprehensively meet the needs of companies.

Thanks to these integrated logistics services, Fujairah Free Zones are an ideal destination for companies that want to expand their logistics operations and achieve efficiency and effectiveness in supply chain management.

Most important frequently asked questions:-