Fujairah is one of the seven emirates in the UAE. It's known for its pretty mountains, beaches, and a busy port. More and more businesses are choosing it because it offers:
- Strategic Location: It is the only emirate located entirely on the eastern coast (Arabian Sea/Indian Ocean), making it ideal for maritime trade and logistics.
- Lower Business Costs: Fujairah is generally more affordable than larger emirates like Dubai or Abu Dhabi in terms of office rent, utility costs, and manpower.
- 100% Foreign Ownership: Both Free Zones and many Mainland sectors now allow full foreign ownership, eliminating the need for a UAE national sponsor.
- Business-Friendly Government: The Fujairah government actively encourages investments with simple registration processes and investor support.
- Attractive Tax Benefits: No personal income tax, and 0% corporate tax on profits up to AED 375,000. Free Zone companies can also benefit from 0% tax if they meet the qualifying criteria.
- Profit Repatriation: Investors can freely repatriate 100% of capital and profits to their home country.
- Flexible Office Options: Especially in Free Zones like Creative City Fujairah, shared or virtual office spaces are available to keep startup costs low.
- Growing Economy: Fujairah’s economy is expanding in sectors like logistics, oil storage, tourism, and manufacturing, opening doors to multiple business opportunities.
In Fujairah, you can choose to set up your company on the Mainland or in a Free Zone. Each has its benefits nd requirements.