All emirates in the UAE, including Fujairah, are important to businesses, and as many know, the UAE government offers a number of benefits, including huge tax breaks, to attract foreign investors. The government is trying to make the UAE a global business capital. UAE liberalization policies are extremely encouraging to foreign investors and expatriates who are willing to invest in every sense. The Fujairah Free Zones creates the condition for any business to grow and the owner to prosper quickly. First of all, there are two major free zones in Fujairah – The Fujairah Creative City and the Fujairah Free Zone. Those starting a business here should not be disappointed with the current situation, as many start-up companies are coming to Fujairah. Both free zones in Fujairah offer different types of licenses and are very profitable compared to the Dubai based free zones.
Before entering the business, the investor has to pay attention to all the rules and regulations of the UAE government. The government will look in to everything, including the naming of the institution. Your Fujairah business dream will come true only after completing many documentation processes. The Free Zone license should be taken as an initial step. In short, the investor must have at least a rough idea of the business opportunities and conditions in Fujairah.
Under the UAE government, a free zone license is the basic document required to do business within the Fujairah Free Zone. Companies of all sizes, from free zone licenses, start-ups, and SME’s to large multinationals, are entitled to enjoy the many benefits of operating in Fujairah, which may seem unbelievable to any foreign investor.
The Fujairah Free Zone (FFZA) can be described as a combination of different things that will benefit any business. The Fujairah Free Zone is a combination of major shipping routes, excellent connectivity to ports and airports, strategic geographic location and efficient legal procedures. This is a great place to start a business in the UAE. The Fujairah Free Zone’s position in the UAE is noteworthy, and it offers a boost to businesses. Situated strategically on the east cost of the UAE, the Fujairah Free Zone aims to triple the benefits to its investors. There are only positive things that can be understand by evaluating one. ACE- Accessibility, Connectivity & Economy, the companies established here have easy access to all the Arabian Gulf ports, weekly feeder ships to the Red sea, Iran, India and Pakistan. As such, the Fujairah Free Zone (FFZA) is a vibrant, busy business area.
The UAE offers more than 40 multi-disciplinary free zones to investors, with both expatriate and foreign investors gaining full ownership of the companies.
The UAE is one of the fastest growing Arab regions in Asia, backed by petro dollars. More over the UAE economy has been booming for a number of years due to changing circumstances. Those with a little observational intellect will understand the economic journey ahead of the UAE. Whether is Abu-Dhabi, Dubai or Ajman; each emirate is emerging in its own region and trying to be an investment magnet. Fujairah has also taken a step forward with the Fujairah Free Zone (FFZA) established in 2005 with the aim of developing the emirate as an investment hub. Its believes in connecting ACE dots – Fujairah free Zone Authority (FFZA) stands out as a shining business area in terms of accessibility, connectivity and economy.
FFZA offers a wide range of facilities (more than expected) to companies within its financial zone. These facilities include offices, warehouses, and leased space – Everything comes in different sizes depending on the specifics of each business. Office space starts at 20 square meters and the smallest warehouse is 230 square meters. Thus Fujairah Free Zone facilities are very useful for any investor.