How To Setup Business In Fujairah?
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Fujairah is a flourishing emirate with a great blend of traditional and modern cultural elements. A vibrant creative environment, world-class dining and entertainment facilities, international standard hotels, and recreational parks are key features of the commercial zone of Fujairah. As a result, many international businesses have established their business presence in Fujairah, and many more have decided to set up their business premises in Fujairah.
How To Start A Business In Fujairah Free Zone?
- Complete the business application form.
- Document the Business plan.
- Attach a copy of the existing trade license or registration certificate.
- Add colored passport photocopies of the company, shareholders, or appointed managers and directors.
- The fourth advantage is that Fujairah enjoys good connectivity with several international cities. This is possible thanks to the presence of several airports that service flights from major cities around the world. The city has regular flights from London, Tokyo, Seoul, and Taipei. This means that business people need to invest less in transportation costs when visiting these cities for business purposes.
- Another advantage of business setup in Fujairah is the absence of a legal requirement for business houses to obtain a license before selling their products and services in the open market. This means there is no risk involved if the business turns out to be a flop. Several businessmen in Fujairah have reported a lot of success despite still needing a business license or permits to operate their enterprises. However, they must take note that their success might have something to do with the business structure they have in place and might not be attributed to any lack of licensing.
- The third advantage is that business houses are not required to rent offices in Fujairah and pay rental fees in return for using commercial space. These fees and sales taxes are costly for small businesses. On the other hand, commercial properties in Fujairah have a fixed rate of rent that business houses have to pay annually. This makes commercial real estate investment in Fujairah an attractive option for those looking to enter the business. Aside from this, there are no business obligations in Fujairah that business owners have to face in Fujairah for company setup.
- The entrepreneurial spirit that flourishes in Fujairah is further fueled by the presence of several highly skilled professionals. As a result, entrepreneurs are still looking for business houses that can satisfy their requirements and cater to their tastes and preferences. There are numerous benefits to setting up a business in Fujairah.
- The primary advantage of establishing a business in Fujairah is the availability of a free economy that encourages free enterprise. Under such an environment, business owners can avoid seeking support from governmental bodies or asking for donations from citizens to establish their venture. They also have no fear of being fined or charged hefty tax payments. In addition, they do not have to worry about getting licenses as required by various jurisdictions. This is a significant advantage as it provides a tremendous market opportunity to business houses.