Boastfully gasping its coastline on the Gulf of Oman the Fujairah city is one of its kinds in being a perfect blend of the ancient Middle East culture and modern-day developments. Â From being a place that is the home of gold and retail, UAE has seen revolutionary changes that have transformed its image in the mind of business owners worldwide.
Perks of Business Setup in Fujairah
This one of the seven emirates that is equipped with some of the most advanced infrastructure and efficient communication facilities with the legal framework and liberal economic policies. Apart from that, procedures for recruitment and staffing in Fujairah are quite simple and the costs are relatively inexpensive. The place has the lowest setup cost and 100% Tax exemption along with the allowance of multiple residency visas and 100% repatriation and capital profits.
This is why millions of people who live in the place or business owners who flock from other countries in the hope of extending their profit margins have claimed Dubai to be their favorite place. Tempted? Who wouldn’t be? Well here’s a descriptive guide on Business Setup in Fujairah. Go through it!
Things to consider before you start
Before initiating the process of business incorporation there is a mandate to provide the necessary documents that can suffice in the overall legal process. For Business Setup in Fujairah, the list of necessary documents includes:
- Company application form
- Permission granted from the Emirate to establish the company
- A feasibility study for the project
- Certified passport copy and UAE visa entry stamp
- The articles and memorandum of association of the company
- An auditor’s certificate for the shares
- 2 copies of proof of address
- Shareholders’ CV
- Bank reference letter
You also need to consider the type of business license available for Business Setup in Fujairah. Like whether it is the trading license, the manufacturing license pr the warehousing license because only these three are allowed for Business Setup in Fujairah. If you are one of the foreign enterprisers then the available type of companies for you to include are branch offices, free zone companies, and free zone establishments. But whatever you do or choose to make sure that you are transparent in each of your claims and statements so that later on you don’t get involved in any sort of legal complications.
Making business setup easier
Planning deliberately for your Business Setup in Fujairah? Going nuts about what the law says, what the industry demands and what your business has in possession? If yes then Arab Business consultant has got you covered. Gone are the days when setting up a business in the coastline Emirate was a task of Goliath because now with the best in class consultancy services you can always set up your business now and that too within a lesser possible time. So have you started yet?
