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Fujairah Free Zone |
Horwath Mak business consultants can facilitate in setting
up business at Fujairah Free Zone. It was established
on instructions of His Highness Sheikh Hamad Bin
Muhammad Al Sharqi, Member of Supreme Council
and Ruler of Fujairah, to create a developed industrial
base that depends on exploitation of local natural
resources and raw materials and encourages foreign
investments and capital to participate in the
creation of varied sources of income. According
to the Emiri Edict No. 6 of 1987, the Zone was
established on 28.11.1987. An independent government
board was formed to run the affairs of the Zone
and to win full confidence of investors, by offering
sure guarantees in accordance with the established
controls and laws. The strategic position of Fujairah
Emirate on the Gulf of Oman and the Arabian Sea,
as an Eastern Gateway for U.A.E. provides many
numerous economic and commercial advantages to
investors, most important of these advantages
are the shipping, sea and air lines and land routes.
The Fujairah Free Zone is one of these major utilities
that played an effective role in establishing
many industrial and investment projects as a result
of the advantages and facilities it offered. |
| Competitive
Advantages: |
• Multi-access to neighboring and global
markets by land, sea and air.
• Variety of investment fields.
• Investor-oriented policies.
• Efficient and cost-effective investment
facilitation.
• Full investment security.
• Served by Fujairah Port and the Fujairah
International Airport.
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Facilities offered |
Warehouse
/ Light industrial Units. Units are available
in 250 m2
500m2, 1000 m2
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Office
units
(28m2 onwards)
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Plot of land
Minimum 2500m2
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| Rental per annum |
US$ 50.45m2 (AED 185)
Min per sq. mtr
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US$ 6,818
(AED 25,000)
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From US$ 2.72m2 (AED 10/m2)Onwards |
| Lease period |
Minimum two years |
One year, annually renewable |
15 years, renewable for similar period |
| Possible legal entities |
Branch of a foreign company
Including offshore company
|
Branch of a UAE company |
Free zone establishment
FZE
|
Free zone company
FZC
|
| Capital-cash physical |
None |
None |
US$ 1,363
AED 5,000
|
US$ 40,905
AED 150,000
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| No of shareholders |
|
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One |
Minimum 2 |
| Formation fee |
None |
None |
US$ 1,363
AED 5,000
|
US$ 1,363
AED 5,000
|
| Types of license issued |
Trading |
General trading |
Professional service |
Industrial |
National Industrial |
| License fee |
US$ 682
AED 2,500
|
US$ 1,364
AED 5,000
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US$ 682
AED 2,500
|
US$ 1,364
AED 5,000
|
US$ 1,364
AED 5,000
|
| Business Segments |
Import, export, manufacturing,
processing, assembling, packaging, distribution,
consolidation, storage, international business
consultancy and different kind of services
unless otherwise restricted federal or local
authorities. |
| Port facilities |
Fujahrah Port, Khorfakkan port. |
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| Visas |
4 visas for office unit. However,
no restriction for industrial / assembly units
operating in pre-built warehouse and leased
land as required for the activity. |
| Company formation period |
Trade license will be ready
within 24 hours subject to completion of legal
formalities and registration documentations. |
| Other info |
* Fujairah Free zone can build
customized wareshoue for the investor subject
to general construction guidelines and free
zone policy.
* With effect from May 2005, Dubai Port Authority
and Fujairah Port Authority jointly manage
Fujairah port’s container terminal
* A company can obtain additional license
with different activities and operate under
different name.
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| © Copyrights
2008-2009, Horwath Mak Business Consulting |
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