• +971589705959

Mainland Business Setup in Fujairah

Lorem Ipsum is simply dummy text of the printing and typesetting industry  has been the industry's standard dummy text ever since the when an unknown printer took a galley.
Mainland Business Setup in Fujairah

Mainland Business Setup in Fujairah

Step by Step procedure for Mainland Business Setup in Fujairah
  • Step 1

Documents required for Fujairah Mainland Formation:

  • Passport copies of the shareholders
  • Proof of residence
  • Memorandum of Association & Articles of Association
  • Ban Business plan
  • Every shareholder and manager's information sheet
  • Schematic drawing for the business location reference letter
  • Schematic drawing for the business location
  • A proof of trade name reservation is required.

Step 2

Type of business setup in Fujairah Mainland:

  • Joint Ventures;
  • Limited Liability Companies;
  • Private Shareholding Companies;
  • Public Shareholding Companies;
  • Limited Partnerships;
  • General Partnership Companies

Step 3

Licenses Required in Fujairah Mainland:

  • Commercial License
  • Professional License
  • Industrial License

Commercial Business License:

In this type of License, 51 percent shares are in the hand of local and 49 percent will be owner, my foreign partner.

Professional Business License:

In this type of License 100 percent shares are held by the foreign partner and locals will act as service agents.

Industrial License:

Businesses that deal with manufacturing or any industrial activity.

Step 4

Procedure for Fujairah Mainland Business:

  • Firstly, it is important to find a Local Sponsor in Fujairah and all the approvals need to be obtained from the municipality.
  • Then it is important to determine the type of economic activity and legal form of the business.
  • After that, Submission of the application form to the company registration.
  • Submission of company name to the Fujairah Municipality.
  • Obtaining a trade license by submitting the company’s documents to the Municipality.
  • Then Companies Memorandum of Association (MOA) shall be notarized.
  • Then registration of trade name is required.
  • Then get initial approval and special approvals.
  • The Sign the lease agreement and MOA in public notary.
  • For location and inspection approval or municipality shall be obtained.
  • After that, the licensing requirements shall be fulfilled.
  • The trade license shall be issued by paying the license fees.
  • Getting approval from Name Board and for the employees from the Ministry of Labour.
  • Lastly getting a stamp on Visa from the Immigration Department.

Step 5

Advantages of Fujairah business setup:

  • Company set up in Fujairah has no currency restrictions.
  • It has no yearly auditing requirements.
  • 100 percent repatriation of capital is possible in Fujairah.
  • It also has the flexibility to rent offices anywhere.
  • Allow conducting business in Fujairah local market.
  • It requires zero capitals which is a great advantage.
  • It has 100 percent tax-free.
  • Fujairah's mainland has a simple set up process.
  • Business setup in Fujairah has no limits to get employment visas which is beneficial for the ex-pats.
  • It gives options for many types of business.