FUJAIRAH FREE ZONE COMPANY FORMATION
Fujairah Free Zone (FFZ) is a popular free zone located in the Emirate of Fujairah, UAE. It offers a range of benefits for businesses looking to establish a presence in the UAE, including 100% foreign ownership, zero personal and corporate tax, and no restrictions on capital repatriation.Â
Benefits of Company Formation in Fujairah Free Zone
FFZ offers several benefits for businesses, including:
Companies formed in FFZ are allowed to have 100% foreign ownership, which means that investors can have complete control over their business.
Companies formed in FFZ are exempt from personal and corporate taxes, which means that investors can save a significant amount of money on taxes.
FFZ allows businesses to trade in any currency, which means that investors can conduct business in their preferred currency.
FFZ is located in the Emirate of Fujairah, which is strategically located between Europe, Asia, and Africa, making it an ideal location for businesses looking to expand their reach.
FFZ offers a streamlined company formation process, which means that investors can set up their business quickly and efficiently.
FFZ offers a wide range of business activities, including trading, manufacturing, and services, which means that investors can choose the activity that best suits their business needs.
FFZ offers world-class infrastructure, including state-of-the-art office and warehouse spaces, which means that businesses can operate in a modern and efficient environment.
Types of Business License in Fujairah Free Zone
In Fujairah Free Zone, companies can obtain various types of licenses based on their specific business activities and operational needs. Here are some common types of licenses available for Fujairah Free Zone companies:
Trading License: Allows companies to engage in import, export, distribution, and storage of specific goods outlined in the license.
Consultancy/Services License: Issued for businesses providing consultancy or professional services, including legal, financial, and management consulting.
Industrial License: Granted to companies involved in manufacturing, processing, and industrial activities within the free zone.
E-commerce License: Designed for businesses engaged in online trading and e-commerce activities.
Media License: Issued for companies involved in media-related activities, such as publishing, broadcasting, and content creation.
Ship Repair License: Applicable to companies engaged in ship repair and related maritime activities.
Management Consultancy License: Issued for businesses providing management consulting services.
Oil and Gas License: For companies involved in activities related to the oil and gas industry.
Gold and Precious Metals Trading License: Allows businesses to engage in the trading of gold and precious metals.
Real Estate License: For companies involved in real estate activities, including buying, selling, and leasing properties.
Services
Fujairah Free zone Company Formation Process
Choose a Business Activity
Choose a Company Type
Choose a Company Name
Submit Required Documents
Obtain Initial Approval
Sign the Lease Agreement
Obtain Final Approval and License
Types of Companies allowed in Fujairah Freezone
FFZ offers several types of companies for investors to choose from:
An FZE is a company with a single shareholder, either an individual or a corporate entity.
An FZC is a company with two to five shareholders, either individuals or corporate entities.
A foreign company can establish a branch in RAKEZ.
A local company can also establish a branch in FFZ.
FFZ also offers an offshore company option for investors looking for a tax-efficient and flexible business structure.
Document Required for Company Formation in Fujairah Freezone
The specific documents required to open a company in Fujairah Free Zone may vary based on the type of business activity and the chosen business structure. However, here is a general list of documents commonly required:
For Company Setup:
- Completed application form for company setup in Fujairah Free Zone.
- Passport copies of shareholders, directors, and any other key personnel involved in the company.
- Copies of UAE residency visa and Emirates ID for shareholders and directors.
- A detailed business plan outlining the nature of the business, proposed activities, and financial projections.
- A copy of the MOA, detailing the company’s objectives and structure.
- A copy of the AOA, outlining the rules and regulations governing the company’s internal affairs.
- Specimen signatures of shareholders and directors.
- Certificate confirming the reservation of the proposed trade name for the company.
- A resolution authorizing specific individuals to act on behalf of the company during the setup process.
- If any shareholder or director is transferring from another company or sponsorship, a No Objection Certificate may be required.
- A reference letter from the bank for each shareholder or director.
- Proof of address for shareholders and directors, such as utility bills or a tenancy contract.
For Branch of a Foreign Company:
In addition to the above documents, the following may be required:
Certificate of Incorporation: Certificate proving the legal existence of the foreign company.
Memorandum and Articles of Association of the Foreign Company: Copies of the documents governing the foreign company’s structure and operations.
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