Fujairah is the fifth largest state of the United Arab Emirates and largely consists of mountainous terrain. However, what makes it the most beautiful state of the UAE is its amazingly coastline that runs entirely on the Gulf of Oman. Fujairah consists of 1.5 percent of the total area of the UAE and the trickle-down effect of the growing Dubai economy has also positively affected this beautiful state. After Dubai and other states announced free zones to attract foreign investment, the rulers of Fujairah also followed the suit and rolled out the Fujairah Free Zone, which is situated around the Jebel Ali Port. The Fujairah free zone company setup is very much similar to the system in place in other free zones of the region.
Let’s take a look at the many amazing benefits of setting up a company in Fujairah Free Zone, which is all about economy, accessibility, and connectivity.
- Setting up an offshore company in Fujairah gives foreign owner only 49 percent stakes in the company but the equation changes completely when the foreign owner sets up the company in the Fujairah Free Zone where he doesn’t have to give even a single percent stake of his company to anyone.
- Fujairah Free Zone is ideally located close to Fujairah International Airport, which is the only airport on the entire eastern coast while the port of Fujairah is also situated quite close to it. Due to this perfect strategic location, the port offers an easy access to ports of other gulf countries as well as the ports of Pakistan, India, Iran, and the Red Sea countries. Moreover, the mainland services are also available from as far as North America, Europe, Far East, and the Mediterranean countries.
- Due to a growing economy, the tariffs are on the lower side for the foreign companies in the free zone
- It won’t take you too long to be able to start up things in your Fujairah-based company.
- The licensing procedure is so easy that it only takes one working day to achieve license for your business activity in Fujairah Free Zone.
- The state allows absolute and complete profit and capital repatriation.
- The companies are supplied the state-of-the-art modern communication system.
- If your main interests of field are tourism, agriculture, and shipping, rock, minerals, and oils, Fujairah Free Zone is the ideal place for your company.
- The local government offers investors-friendly policies.
- Your investment is 100 percent safe at Fujairah Free Zone.
Meanwhile, if you want to start business in Dubai, you can follow the link for more information.