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Registering a company in Fujairah (UAE) in 2020
The main advantages of starting a business in Fujairah are:
- Stable economic situation;
- No minimum capital requirements;
- Developed banking sector;
- No audit requirements;
- Fast registration procedure.
Business registration – from €7000
Company registration period – from 7 daysDetailed information
* The information about beneficiaries and directors in the UAE is closed, subject to a registration of the company in Free Zones!
If you decide to open a business in the Emirates, this is a serious and a thoughtful step.The advantages of this zone are loyal laws and exemption from commercial taxes. The attractiveness of this country for foreign partners is growing every day with the development of the business climate in the UAE. IQ Decision specialists draw your attention to the fact, that if you decide to register the company in the UAE, as well as to open a bank account in the Emirates, you need to determine, where it is more profitable for your business to open a company in the Emirates. Each specific Free economic Zone in the UAE has its own characteristics.
If you have already decided in which zone you intend to register a company in the Emirates, and your choice fell on Fujairah, IQ Decision lawyers will advise you to regard the features of work in this SEZ, the main attraction of which is the complete absence of a minimum authorized capital and an audit for all enterprises registered in it. If you are still in the process of choosing, leave a request for consultation with IQ Decision specialists, and we will be able to help you in solving your question.
IQ Decision experts recommend paying special attention, that when you decide to register a company in the Emirates, you must remember, that Fujairah is one of the few Free Zones in the Emirates that issues financial/investment licenses.
You can also to register a company in Fujairah with a virtual office. To open a company in Fujairah remotely is also quite possible with the help of IQ Decision specialists.
Separately, it is worth noting, that although Fujairah is located 150 km from Dubai, there are 18 banking institutions. If you are licensed in the Fujairah Free Zone, you can open a bank account in Fujairah at any bank in this zone.
Local banks pay special attention to business development, so if you decide to open a company in Fujairah, you will have the opportunity to get help from the bank in implementing real projects in the Emirates, both at the initial stages of implementation and later. The banks in Fujairah are seriously considering the possibility of implementing the project, securities and guarantees at the initial stages. In addition, banks also provide financing at a later stage.
You can open a business in Fujairah without taxes in one of two Free Zones:
- Fujairah Free Economic Zone - FFE
- Fujairah Creative City - FCC
In order to register a company in Fujairah and go through the entire incorporation/registration procedure, you need to submit an application and constituent documents to local government agencies. After paying the registration fee, the company is licensed. The term of the registration is a few business days. If you decide to register a company in the territory of the Free Zone of Fujairah, the lawyers of IQ Decision will do this according to the most simplified procedure.
The information outlined in the article is actual at the time of its publication. Please refer to our specialists for checking possible solutions for your business.