Types of Business Licenses in Fujairah
Process of Mainland Company Formation In Fujairah
Choose Your Business Activity:
Start by identifying the business activities your company will engage in. This is crucial as it determines the licenses and approvals you will need.
Reserve a Trade Name:
Select a unique trade name that complies with UAE regulations and get approval from the Department of Economic Development (DED) in Fujairah.
Obtain Initial Approval:
Apply for initial approval from the DED to confirm that the UAE government has no objections to your business.
Draft and Notarize MOA:
Prepare the Memorandum of Association (MOA) or Local Service Agent (LSA) agreement, depending on your legal structure, and have it notarized by an approved UAE notary.
Select a Business Location:
Secure a physical office space and provide a rental agreement. Fujairah offers options from physical offices to virtual workspaces, depending on the nature of the business.
Submit Documentation and Pay Fees:
Submit all required documents, including identification documents, trade name approval, and lease agreement, to the DED. Pay the relevant fees for the trade license.
Obtain Business License:
After verification of your documents and approval of your application, you will be issued a business license, officially allowing you to begin operations in Fujairah mainland.
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Key Advantages for Business Setup in Fujairah Mainland
Required Documents for Company Formation in Fujairah Mainland
- Passport Copies: All shareholders need to provide passport copies.
- Proof of Residence: Recent utility bill or address proof.
- Trade Name Approval: Proof of approved business name by DED.
- Initial Approval: Issued after business activity approval by authorities.
- MOA: Shows business structure and ownership; must be notarized.
- Local Service Agent Agreement: Required for full foreign ownership.
- Office Lease: Mandatory physical address with a lease agreement.
- Bank Reference Letter: Shows financial standing for certain licenses.
- KYC Form: Details of all shareholders for compliance.
- Business Plan: Required for specific licenses, especially complex setups.
Types of Free Zone Business Entities in Fujairah
Free Zone Establishment (FZE)
A single shareholder entity, ideal for small businesses or sole owners. It offers 100% foreign ownership, with liability limited to the shareholder’s invested capital.
Free Zone Company (FZC)
Allows 2 to 5 shareholders with 100% foreign ownership, ideal for small groups or joint ventures.
Branch of a Foreign Company
Branch of a UAE Company
Free Zones in Fujairah
Types of Mainland Business Entities in Fujairah
Fujairah offers several types of business structures tailored to different needs. Below is a concise breakdown of the most common entities.
Business Setup Consultants in Fujairah
Riz & Mona Consultancy is renowned as one of the top business setup consultants in Dubai, with over 15 years of experience facilitating a wide range of businesses throughout the UAE. Our deep connections with government officials and key authorities, combined with our extensive expertise in consultancy, streamline the process of establishing your business in Dubai. Additionally, we offer comprehensive financial, legal, and corporate services to support our clients throughout their business endeavors.
We are here to provide comprehensive support for your Business Setup in Fujairah Mainland, from preparing your documents to completing the process. Connect with us now to begin your journey with a FREE consultation!
FAQS
How long does it take to register a business in Fujairah free zone?
Registering a business in Fujairah’s free zones typically takes 1 to 3 working days, depending on the type of license.
What types of visas are available for business owners in Fujairah?
Business owners can apply for investor visas, employment visas for staff, and dependent visas for family members.
What is the process for renewing a trade license in Fujairah?
Trade license renewals require submitting updated documents and fees to the relevant authority and usually take 1 to 3 days.
Are there any specific industries promoted by the Fujairah government?
Fujairah promotes industries like logistics, shipping, tourism, and creative media through its free zones and government initiatives.
What are the tax implications for businesses in Fujairah?
Businesses enjoy zero income tax and corporate tax, though VAT (5%) and customs duties may apply depending on the business.
Are there any restrictions on the type of businesses that can be established in Fujairah’s free zones?
Certain industries like banking and insurance are restricted in free zones and must operate under specific licenses.