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Fujairah's international free zone authority (IFZA) is poised to become a major investment centre in the UAE's expanding economy once it opens adjacent to the port there. Iran, India, and Pakistan, three of the world's fastest-growing economies, are all within easy reach of the free zone. Additionally, the free zone is adjacent to Fujairah International Airport, which makes it an excellent site for establishing a company in Fujairah because of its convenient access to the world's main shipping routes, port, and airport. You may find anything from offices to warehouses to residential apartments to hotels and retail stores in the IFZA Fujairah free zone. IFZA is now the best place for any entrepreneur to open a firm because of its cheap costs and minimal regulations and processes.
Branches of international companies and branches of UAE companies are exempt from the physical capital and cash requirements. Also, there is no restriction on the number of shareholders, and the creation charge is zero.
Both the FZE and the FZC have a minimum capital requirement of AED 150,000 and a formation cost of AED 5000. One shareholder is the minimum requirement for an FZE.
FZE and FZC establishment costs are AED 5000, with a minimum capital requirement of AED 150,000. Two shareholders are required to form an FZC.
An experienced business consultant may be necessary for foreigners who want to start up a company in the Fujairah free zone, since they may not be familiar with all of the rules and regulations. It is our job at Global Biz Setup to assist you to obtain and submit all papers on time since we have a team of experts that know exactly what to do. As a result, you can concentrate on growing your company while we handle all of the tedious and time-consuming procedures and regulations for you.