Business setup in Fujairah Free Zone

Business setup in Fujairah Free ZoneFujairah (in Arabic: الفجيرة‎ Al Fuǧaira) is one of the seven emirates of the United Arab Emirates, It is the only one of the seven that has a coastline solely on the Gulf of Oman and none on the Persian Gulf. Fujairah is a mere 90 minutes drive time from Sharjah, under two hours from Dubai, and just three and a half hours from Abu Dhabi. More than a quarter million people of various nationalities, including Emirates, inhabit this Emirate of 1450 sq kms

Fujairah’s economy is based on subsidies and federal government grants distributed by the government of Abu Dhabi. Local industry consists of ­­cement, stone crushing, mining and tourism. Fujairah becomes an important tourist destination in U.A.E with its natural beauty, Sandy beaches, Historical attractions, mountains and Oases. There is a flourishing free trade zone, as well, established aftercthe success of the Dubai Free Zone Authority established around Jebel Ali Port. Since the establishment of a free trade zone more than a decade ago, commercial activity in the Emirates has flourished. As all over UAE, in Fujairah foreigners cannot own more than 49% of any business, expect in the free zone, where a full foreign ownership is allowed.

Due to its strategic position with the UAE’s only access to the Indian Ocean, Fujairah has a bustling, important multipurpose port. In fact, Fujairah is a major bunkering port (it ranks as one of the top three bunkering locations in the world) with large scale shipping operations taking place every day. Shipping & ship related services are thriving businesses of this emirate, thanks also to an ease of logistic support and a strategic geographically position.

Government of Fujairah is major shareholder in National Bank of Fujairah, an UAE local bank, incorporated in 1982.

Business setup in Fujairah Free Zone - Fujairah City The Ruling FamilyHH Sheikh Hamad bin Mohammed Al-Sharqi, The Ruler of the Emirate of Fujairah, is planning to make changes that will affect this emirate. Among tourism projects in the pipeline is an $817m resort, Al Fujairah Paradise, near Dibba Al-Fujairah, on the northern Omani border, next to Le Meridien Al Aqah Beach Resort. There will be around 1,000 five-star villas as well as hotels, and it is expected that all the construction work will be finished within two years.

HH Sheikh Saif Bin Hamed Al Sharqi Chairman

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The Sheikh is trying to improve opportunities for the local workforce, by trying to entice businesses to locate in Fujairah and diverting Federal funds to local companies in the form of development projects.

The Habshan–Fujairah oil pipeline has been announced which will create an oil export terminal in the Emirate.

Fujairah established the Creative City Fujairah Free Zone, (similar to the Dubai Media City and the AbuDhabi 54) a fast growing media hub dedicated to attracting talented media professionals and companies. The Creative City Fujairah Free Zone was created by the Sheikh as well. Please contact us to find out more about this opportunity.

If you need any help in setting up your own business in the Fujairah, we can provide ou all the support with a  package is designed with the freelancer and sole trader in mind, for example, the cheapest solution we can offer is a start-up package including one employment visa for one business activity, whilst still offering the ability to sponsor your family in the UAE and have a company name and corporate bank account.

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A number of packages is available for those looking to have their business setup in UAE.

Each package is designed around the number of visa’s that are required and the prices are all inclusive, with no hidden costs.  You can upgrade your package at any time, subject to an adjustment fee, so your package can grow with your business.

 

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