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Last updated on March 3, 2022
Fujairah free zone company registration
Fujairah is place beside the Gulf of Oman. It is one of the very low in term of population in UAE. It has a very large coastline of over 90 kms. The area of this Emirate is 1165 square kilometer. Fujairah has a sea port as well as an airport. It makes Fujairah an important place for business of export as well as import. Fujairah free zone company setup got attractiveness since the living standard increase in Dubai and Abu Dhabi. Fujairah offers a large numbers of business opportunities in the region. The Fujairah is very popular for its brilliant blue skies; clear and blue water friendly palm trees and last but not the least beautiful white beaches. In general, it has a big attraction for tourists every year.
Fujairah free zone company setup
There are two major areas where we can go for the company formation in Fujairah. One is known as main land area while the other is known as free trade zone. For mainland Fujairah company formation we require a local service agent or local sponsor. While in Fujairah free zone company setup a foreigner can enjoy 100% share of his or her business.
- Mainland Fujairah company setup
- Fujairah free zone company setup
Fujairah free zone company formation
This Free zone is very near to port of Fujairah, Fujairah international airport (which is the only airport in the whole eastern coast). Due to the some valid factors; like the free zone companies have easy access to gulf ports, Pakistan, India, and Iran as well as to the red sea. Fujairah free zone company formation will give you a direct access to main routes of shipping; to an outstanding port as well as airport.
Advantages of Fujairah free zone company formation
- At Fujairah free zone company formation you will enjoy matchless economy and a very low tariffs
- It will take a very short time in starting
- The licensing process is very easy in Fujairah free zone- in various cases it takes hardly one working day to obtain a license for your chosen business activity for formation of company at Fujairah free zone.
- The policies of State allow complete repatriation of profit and capital at Fujairah free zone.
- Fujairah free zone company formation offers modern as well as sophisticated system of communication
- The Fujairah free zone company formation offers investment opportunities in sectors like tourism, shipping and agriculture.
- Investment opportunities in geological projects (minerals, rock and Oil etc).
- Companies at Fujairah free zone enjoy friendly business environment as well as stable currency
- The Fujairah free zone company formation has reduce the costs of setup
- The Fujairah free zone has reduced overhead costs too.
- Government of the state has investment friendly policies
- Freedom to investors to choose from a large numbers of investment fields
- Business owners enjoy 100% security of investment
- well-organized as well as money-making facilities of investment
Mains sectors of operations for Fujairah free zone company registration
- The Information and technology sector is a leading sector in Fujairah free zone.
- The sectors of textile are also very popular.
- Recycling is well known sector for Fujairah free zone company registration
- Gold is considerably one of the important sectors too.
- Castings are a main sector of operation.
- Heating and cooling units is a major sector of operation in Fujairah free zone company registration
- Plastics as well as perfumes has occupied major portion of operation.
- Trading sector is well known area of operations in Fujairah free zone
- Service sector is one of the most attractive sectors in Fujairah free zone.
Exclusive befits of Fujairah free zone company registration
- 100% repatriation of foreign capital and profit: you can turn over back your complete profits of your company without paying any taxes
- Fujairah free zone company registration offer 100% tax exemption policy; which is not less than a blessing in disguise and which helps your business to operate at 100% competence.
- The facility of single window clearance is one of the most attractive one features of Fujairah free zone company registration; as it takes only one working day to obtain a business license in Fujairah free zone area.
- The availability of Common customer duty facility for sea port and airport is also saves; the hassle for separate customs duty for seaport as well as airport
- The Infrastructure and real estate benefit can easily be obtaining the facility of office; warehouse to carry out your business activities and land facility.
- Virtual office is the most recent advantage, at a so-called one time registration fee; minimum annual capital needed as well as refundable deposited security; you have the benefit of managing your company branch in Fujairah free zone, without being really physically present in Fujairah
What are the feasible legal entities for Fujairah free zone company registration?
- The Branch of a foreign company
- Branch of a UAE company is also allow in Fujairah free zone
- Free zone establishment (FZE)
- Free zone company (FZC)
There is no need for any sort of capital for branch of foreign company as well as of UAE Company. There is also no restriction on minimum number of shareholders and also registration fee is zero.
This is a little difference for Free zone Company (FZC) and free zone establishment (FZE). Need of minimum capital in case of both FZE and FZC is AED 150,000; and also a registration fee is AED 5000. Minimum number of shareholders for FZE is one while for FZC formation need two shareholders.
Types of License for Fujairah free zone company registration
There are total five kinds of licenses for Fujairah free zone company registration; that someone can apply for relying upon the business activity which they choose. The categories for license within the Fujairah FZ are as under:
Service License for Fujairah free zone company registration
Firms offering services like accounting firms, law firms or individual practitioners; and also business consultants are issued service license
Trading & General Trading License for Fujairah free zone company registration
Certified to import, export as well as re-export contracted and specified goods. The license entitles the shareholder to accomplish import, export and re-export independently in the Fujairah Free zone area as well as outside the UAE For local distribution; the Authority can issue special permits from the concern departments of Government for stress-free operations.
Warehousing License for Fujairah free zone company setup
License can be avail on facilities of leasing warehouse. Such license entitles the sponsor to use the warehouse as a center for major distributions; benefiting for cargo space and packaging of goods.
Commercial License for Fujairah free zone company setup
Specified products subject to the regulations of the license issuing authority can be traded using this license
Manufacturing License for Fujairah free zone company registration
Manufacturing license can be obtained on endorsement and execution of the project. Each and every project must be entirely insured including staffing as well as machinery. All licenses of manufacturing needs approvals and focusing to the identification of the following:
- Manufacturing area is requires which will be develop and in open space
- Electricity is requiring, water and manpower will also be requires
- Manufacturing license also need to ensure the environmental aspects of the project
Last updated on March 2, 2022
Ajman free zone company setup
Ajman Free Zone company setup is generally known as entrepreneur’s paradise today with its bundle of matchless benefits. It is strategically situated at the entrance of the Arabian Gulf; Ajman Free Zone is well positioned to work for the eastern and western markets to setup a business.
Location for Ajman free zone company setup
Ajman Free Zone (AFZ) is situated in the state of Ajman, one of the seven emirates of the UAE. The total area of the Ajman, containing regional waters, is 324 km2, and without regional waters is 214 km2. The Ajman coastline in the Arab Gulf region is 8 km. Ajman Free Zone (AFZ) was established in 1988 that run to huge industrial development in Ajman by charming a big number of expat investments that advantage from the investment freedoms and free zone benefits.
For small & medium enterprises (SME) and entrepreneurs who find entry cost expensive, office space is available for 555$ per month and larger offices for 777$ per month in 12 installments. Ajman Free Zone business setup offers e-commerce licenses to its customers at a price far lower than other free zones.
Ajman Free Zone business setup entity Types
- Free Zone Company (FZCO):In the case of more than one shareholder, then such company is called Free Zone Company.
- Free Zone Establishment:If a company is incorporated by only one shareholder then such company takes a form of Free Zone Establishment that can be owned 100% by either individual or legal entity (company).
- Branch of a Foreign Entity:Foreign entities can establish their presence in Ajman Free Zone by registering a representative or branch office.
- Branch of a Local Company:Existing companies in the UAE can also register their branches in Ajman free zone.
Characteristics of Ajman free zone business setup
following are the main characteristics of Ajman free zone company setup
| LEGAL ENTITIES PERMITTED | Free Zone Company (FZC), Free Zone Establishment (FZE), Branch of a UAE Company (BLC), Branch of a foreign Company (BFC) |
| SHAREHOLDERS | Minimum two and maximum five for FZC. One Shareholder for FZE |
| TYPE OF LICENSES ISSUED | Trading, Industrial, Services & Commercial |
| SHARE CAPITAL | Minimum AED 185,000 for FZE / FZC |
| MANAGER | Every FZE / FZC company shall have a manager. It should be a natural person and his name shall be on license and must be on the visa of the company. |
| DIRECTORS | Corporate directors are not allowed, Minimum number of Directors Two and Maximum four. |
| SHARES | No bearer shares will be allowed. All shares must be fully paid when allocated. No different classes of shares allowed. |
| PRESENCE | The shareholder has to be physically present either himself or through an attorney at the Free Zone. |
| RESTRICTIONS ON NAME | Names must end with the word “FZE, FZC, BFC or BLC” as the case may be. Location names and religious words are prohibited. |
| AUDIT | It is not compulsory for the company to submit audited financial reports to the Free Zone at this stage |
| GOVERNING LAW | Companies are subjected to the UAE law in general and for some specific functions law of the Emirates of Ajman. |
| FACILITIES OFFERED | Office units, Warehouse, Land & Harbor. |
| VISA ELIGIBILITY | Employee Visa depending on size of office, type of company and activity. Investor Visa is available for those above 60 years of age |
| DISTANCE FROM DUBAI | 40 kms |
| OTHER SERVICES | Driving License and other functions will need to be from the relevant Ajman Government Department. |
Advantages of business setup in Ajman free zone
- Strategic Location with access to the sea, air and land
- Cheap energy
- 100% foreign ownership of company
- The most economical wage structure and easy access to massive work force
- No restriction on transfer of capital and profits
- Total exemption from all import and export duties
- No personal income and no corporate tax
- Total elimination of all service charges and hidden fees
- Competitive prices for power/electricity
- Exceptionally low handling charges
- Competitive prices on warehouse or office facilities usage
- Fast and easy licensing procedures
- 20 years land contract is renewable for another 20 years guaranteeing 40 years tax and customs free operations
- World class infrastructure
- One-stop shop service for licensing and visa applications
- Lowest tariffs in the region
Types of license for Ajman free zone company formation
Following are the type of license allowed for Ajman free zone company formation
- Service License:Services license allows providing specific services or consultancies within the free zone such as marketing, management, IT consultancies etc.
- Trading License:Trading license allows import, export, trading and re-export of specific products.
- Industrial License:Industrial licenses are issued for manufacturing business activities. Ajman Free Zone has necessary facilities such as smart stores and warehouses that support this activity.
- E-commerce License:AFZ is one of the few free zones that issue E-Commerce License to do business through online platforms.
- National Industrial License:National industrial licenses can be obtained by those who meet the following criteria:
Documents required for Ajman free zone company setup
Following are the list of documents required for Ajman free zone company setup
A FREE ZONE ESTABLISHMENT (FZE)
Following are the list of documents required for FZE type of Ajman free zone company setup
- Application Form
- Providing of 5 proposed names
- 10 color passport size photographs (white background)
- A passport copy that is valid for 6 months minimum. Entry visa stamp copy – or residence visa copy – or entry visa copy – or cancelled visa documentation copy (if applicable).
- A 2 page business plans if it’s a professional or e-commerce license. 1 paragraph A No Objection Letter from the sponsor in case the applicant has a valid residence in UAE
- description of the nature of the business if it’s a commercial trading or general trading company
A FREE ZONE COMPANY (FZC):
Following are the list of documents required for (FZC) type of Ajman free zone company setup
- Application Form
- Providing of 5 proposed names
- 10 color passport size photographs for all partners (white background)
- Passport copies valid for 6 months minimum, for each partner. Entry visa stamp copy (or) residence visa copy (or) entry visa copy (or) cancelled visa documentation copy (if applicable).
- A 2 page business plans if it’s a professional or e-commerce license. 1 paragraph description of the activity the nature of the business if it’s a commercial trading or general trading company
- A No Objection Letter from the sponsor in case the applicant has a valid residence in UAE
A BRANCH OF A LOCAL COMPANY (BLC):
Following are the list of documents required for (BLC) type of business setup in Ajman free zone
- Application Form
- A passport copy that is valid for 6 months minimum, for the representative or manager of the company. Entry visa copy (or) Entry visa stamp copy (or) residence visa copy (or) cancelled visa documentation copy (if applicable).
- 10 color passport size photographs (white background)
- An original Trade License
- Original Commercial Registration Certificate
- An original Membership Certificate with the respective Chamber of Commerce
- A 2 page business plans if it’s a professional or e-commerce license. 1 paragraph description of the nature of the business if it’s a commercial trading or general trading company
Note: The parent company must have been active for at least 1 year prior to opening a branch.
A BRANCH OF A FOREIGN COMPANY (BFC):
Following are the list of documents required for (BFC) type of Ajman free zone business setup
- Application Form
- A passport copy valid for 6 months minimum, for the representative or manager of the company. Entry visa copy (or) Entry visa stamp copy (or) residence visa copy (or) cancelled visa documentation copy (if applicable).
- 8 color passport size photographs (white background)
- Contract of association of the company
- An Incorporation Certificate issued by the competent authority in the country in which the company is incorporated
- A resolution issued by the competent authority to the company for carrying out the activity in the Free Zone
- Appointment of a representative or manager by virtue of a duly attested Power of Attorney
- 2 page businesses plan if it’s a professional or e-commerce license. 1 paragraph description of the nature of the business if it’s a commercial trading or general trading company
The parent company must have been active for at least 1 year prior to opening a branch.
Note: Documents stated in nos. 4, 5 and 6 regarding the foreign companies shall be attest from the UAE Embassy in the concern country; and the Ministry of Foreign Affairs in the UAE.