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Fujairah Free Zone Company Formation

Fujairah Free Zone Company Formation

Fujairah Free Zone Company Formation

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Company formation in Fujairah Free Zone : Fujairah Free Zone Co. formation, the unique and strategic location of Fujairah is the only Emirate of the UAE in the East Coast to play a significant role in its growth. Under Fujairah’s Ruler, Sheikh Hamed Bin Md. Al Sharqi, vision and leadership, the emirates has been showing tremendous growth. With traditional values taken from the East combined with modern technologies adopted from the West, high standards of living is being offered that is at par as any of the developed nations in the world. The Emirate with an area of 1450 sq. kms. is home to quarter million people belonging to different nationalities.

Fujairah’s port is located adjacent to the Free-Zone, thereby ensuring maximum benefits to investors from its strategic location. Investors can make use of the available shipping services to get access to the Red Sea, Arabian Gulf Ports, India, Pakistan and Iran via the weekly feeder vessels. There is also provided weekly service of mainline services from the North Europe, the UK, North America, Mediterranean and the Far East. It offers sails to North America once a week and weekly twice to the Far-East. Some of the modern facilities introduced are six ships to shore gantry cranes, deep water quay of 800m (12.5m draught) and 11 rubber tyred yard cranes. These enable the port to manage the region’s growth along with Ro/Ro cargo, bulk dry cargos, general cargo, livestock and regular containers.

About Fujairah International Airport

This international airport accommodates Indian Airlines, Gulf Air, CIS Airline, and Egypt Air along with other cargo operators and carriers. It is also the only port to serve UAE East Coast and Northern Oman. The airport is provided with modern air cargo management technology and the latest aviation systems. It’s easy and quick customs facilities and being close to the Fujairah sea port assures Air/Sea cargo of hassle-free operations.

About Fujairah Free-Zone Authority

  • Business club: Investors’ basic needs are met by the Business Club covering an area of 1000 sq.m. It includes an Auditorium, Conference room, furnished trading offices, playroom and a restaurant to relax and enjoy congenial atmosphere to clinch valuable business deals.
  • Distribution/Warehousing: It is possible to lease different sized units for general trading, import & export, re-export of various items. The warehouse can be used for storage and packaging and make it a distribution hub at lucrative price.
  • Trading Offices: The fully furnished offices are available for lease with secretarial assistance and 35 sq.m minimum area for import & export, re-export operations.
  • Manufacturing: Pre-built units can be leased by investors or customized unit construction requested with open land to meet requirements for manufacturing purpose.
  • Customs exemption: There is custom duty exemption on import of all finished products and commodities for Free Zone clients meant for export & re-export of items outside the UAE. Duties will not be levied upon the clients on raw materials or factory machineries used for production purpose. Moreover, Free Zone clients are free to use the UAE airports and ports for easy goods movement in & out of UAE and enjoy the customs duty exemptions.
  • Water & Electricity: Investors located at the Free Zone are provided with three phase power by the Water & Electricity Ministry at reasonable rates. The Ministry provides water from desalination plant.
  • Administration Service: Efficient staffs have been recruited by the Authority to offer prompt support when trying to obtain services from the concerned Federal Ministries. This is pertaining to car registration, obtaining driving licenses, legal document notarization, residence visas, entry permits, visit and transit visas for employees and investors, etc. Recruitment services are offered by the Authority for personnel belonging to all levels.

UAE Bank Account opening

The following needs to be submitted to open up accounts at any of the UAE banks:

  • Company Establishment copy
  • Authorized Signatory Power of Attorney copy
  • Chamber-of-Commerce registration copy
  • Fujairah Free-Zone license submission copy
  • Fujairah Free-Zone Authority introductory letter

Fujairah Customs

The department’s objective is to proivde Fujairah Port, Fujairah International Airport and Dibba Sea Port users with efficient, quick and simple Customs facilities. Having experience of more than eight years and procedures being moulded according to the demands of the clients, the authority is capable enough to offer uncomplicated services at all times.

The normal office operating hours are between 7:30 am – 2:30 pm to attend all customs documentation and other related requirements. Services like trans-shipment, Bills of Entry, crew change inspection, vessel clearance certificate, ship handling services and bonded warehouse in & out traffic, etc. are all handled by the staffs on duty after office hours.

Custom duty exemption on import of all finished products and commodities for export & re-export outside the UAE can be enjoyed by our Free Zone clients. Also, duties are exempted on raw materials or on factory machines that are being used for production. But Free Zone users being used for import purposes into the UAE will attract 4% custom duty.

Customs will require the given below documentation for in/out exporting or clearing of goods:

Import in UAE

  • Invoice of original supplier
  • Fujairah Duty completed import BOE (Bill of Entry)
  • Origin certificate
  • Packing list
  • Israeli boycott certificate
  • Trader license copy
  • Delivery order

Additional Documents required

Health Certificate is mandatory for agricultural products and foodstuffs. In case, Original Documents are not available for presentation to the authorities, then copies can be submitted with some small deposit amount.

Export from UAE

Custom Department, Fujairah declaration is mandatory for all cargo that is being exported through Fujairah Air and Sea Ports. This should be combined with commercial invoice and Fujairah BOE (Bill of Entry).

Re-Export
  • Fujairah Re-export BOE (Bill of Entry) is necessary for all cargos re-exported through Fujairah Air and Sea ports.
  • For quota controlled items, there should be attached copy of Visa Stamp/Certificate of Origin.
  • There should be produced Traffic Police Clearance documents for vehicles.
  • Any AUE airport and port can be used by Free Zone clients for goods movement in/out of the country and also benefit from custom duty exemptions.
License

Hundred percent ownership operational license can be obtained by investors under following categories, depending upon lease agreement provided by the authority:

General Trading & Trading License

Authorization provided to export, import and re-export on specified and agreed commodities. Investors are provided empowerment by the license to freely export, import and re-export outside the UAE and within the Free Zone. The Authority can provide support to obtain special permits from the related government departments for focal distribution and hassle -free operations.

Warehousing License

This can be obtained upon leasing warehousing facilities. Investors are entitled to make use of the warehouse as hub to benefit storage, as major distribution and to package goods.

Manufacturing License

It is necessary for Fujairah Free-Zone Co. Formation, project implementation and obtained on approval. All projects including machinery and manpower are to be insured fully. Also, all of the manufacturing license approvals have been subjected to identifying the given below:

  • Project environmental aspects
  • Manpower, water and electricity requirements
  • Area requirements: open and built up space

Fujairah Free Zone Authority

Trading Offices

Trading Offices fully furnished can be leased for Import, Export and Re-Export operations. Minimum area 35 sq.m., with possible secretarial assistance.

Distribution / Warehousing

Units of different sizes can be taken on lease for Import, Export and Re-Export of different commodities as well as general trading. Investors can operate by using storage & packaging facilities in their warehouse to become a distribution hub in the region at the most lucrative prices.

Manufacturing

Investors can lease pre-built units or/and request for construction of units customised to their requirements with open land for manufacturing purposes.

Business Club

A Business Club erected on a 1000 sq.m. area specially meets the basic needs of the Investors. It includes a Conference room, Auditorium, Playroom and furnished Trading Offices apart from offering them a restaurant where they can relax and clinch business deal in a congenial atmosphere.

Customs Exemption

Fujairah Free Zone Company Formation : Free Zone clients can benefit from the exemption of customs duties on imports of all commodities and finished products for the purpose of export and re-export outside the UAE. Clients need not pay duties on factory machinery or raw material used in production. Free Zone clients may utilise any of the UAE ports and airports for the movement of their goods in and out of the country, while still benefiting from customs duty exemptions.

Electricity and Water

Fujairah Free Zone Company Formation : The Ministry of Electricity and Water provides 3-phase power for investors at the Free Zone at reasonable rates. Water is provided by the Ministry from the desalination plant.

Administrative Service

Fujairah Free Zone Company Formation : The Authority is geared with efficient staff to provide prompt assistance in obtaining service from related Federal Ministries with regard to driving license, registration of cars, notarisation of legal documents, entry permits, residence visas, transit and visit visas for investors and employees. The Authority can assist in providing recruitment services for personnel at all levels.

How to Open a UAE Bank Account

To open an account in any of the banks in the UAE, you will require to submit the following:

  • Introductory letter by the Fujairah Free Zone Authority.
  • Submission of a copy of the Fujairah Free Zone license.
  • A copy of the Chamber of Commerce registration.
  • Copy of Power of Attorney of the Authorised Signatory.
  • Copy of Establishment of the Company.
Fujairah Customs

The aim of the department is to offer simple and efficient Customs facilities to users of the Port of Fujairah, Dibba Sea Port and Fujairah International Airport. With the experience gained over the past 8 years, procedures, moulded by customers’ needs, have been refined to provide uncomplicated services.

For all customs requirements and documentation the normal office hours are 7.30 am to 2.30 pm Staff on duty provide coverage after office hours on services such as Bills of Entry, trans-shipment, vessel clearance certificate, crew change inspection, bonded warehouse in/out traffic, ship handling services etc.

Free Zone clients can benefit from the exemption of custom duties on imports of all commodities and finished products for the purpose of export and re-export outside UAE Clients need not pay duties on factory machinery or raw material used in production. While imports to UAE through Free Zone users will require to pay custom duties of 4%.

The following documentation is required by customs for (in & out) clearing or exporting of goods:

Import in UAE 
  • Duty completed Fujairah Import Bill of Entry
  • Original Supplier’s Invoice
  • Certificate of Origin
  • Packing list
  • Delivery Order
  • Copy of Trade license
  • Israeli Boycott Certificate
Additional Documents

For Foodstuffs and Agricultural Products, a Health Certificate is required. In the absence of Original Documents, copies may be lodged together with a small deposit.

Export From UAE

All Cargo being exported via Fujairah Sea and Air Ports has to be declared to the Dept. of Customs, Fujairah, along with a Fujairah Bill of Entry supported with a commercial invoice.

Re-Export
  • All cargo being re-exported via Fujairah Sea and Air Ports should be supported with a Fujairah Re-export Bill of Entry.
  • In the case of goods controlled by quotas, a copy of the Certificate of Origin/Visa Stamp must be attached
  • In the case of vehicles, copies of Traffic Police Clearance papers must be produced
  • Free Zone clients may utilize any of the UAE ports and airports for the movement of their goods in and out of the country benefiting from customs duty exemptions.
License

Investors can obtain up to 100% ownership operational license under the following categories according to their lease agreement with the authority:

Trading & General Trading License

Authorised to import, export and re-export agreed and specified commodities. The licence entitles the investor to carry out import, export and re-export freely in the Free Zone and outside the UAE For focal distribution, the Authority can arrange special permits with the relevant Government departments for hassle- free operations.

Warehousing License

Can be obtained on leasing warehousing facilities. This licence entitles the investor to use the warehouse as a hub for major distribution, benefiting storage and packaging of goods.

Manufacturing License

For Fujairah Free Zone Company Formation, Obtained on approval and implementation of the project. All projects must be fully insured including manpower and machinery. All manufacturing license approvals are subject to the identification of the following:

  • Area requirements – built-up and open space
  • Electricity, water and manpower requirements
  • Environmental aspects of the project

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