Business Setup In Fujairah Mainland
Choose a Business License
In Fujairah Mainland, companies typically fall under one of several types:
Commercial License
This license is for businesses engaged in trading activities, such as buying and selling goods.
Professional License
Designed for individuals or firms offering consultancy, legal advice, accounting, or engineering services.
Industrial License
Businesses involved in manufacturing, processing, or production activities require an industrial license.
Tourism License
Businesses operating in the hospitality and tourism sector, including hotels, restaurants, travel agencies, and tour operators, need a tourism license.
FreeLancer Permit
Individuals offering freelance services such as graphic design, writing, photography, or IT consultancy can obtain a freelancer permit.
Branch of Foreign Company
Foreign companies looking to establish a presence in Fujairah Mainland can set up a branch office.
Representative Office
Like a branch license, a representative office license allows foreign companies to establish a presence in Fujairah Mainland for non-trading activities such as market research or liaison with clients.
Required Documents and Steps to Obtain Your Business License
Obtaining your license in Fujairah has never been easier! These are the steps you’ll want to take to secure your license and the documents you’ll need to have available:
- Copy of passports for shareholders and partners
- Proof of address from the last three months
- Curriculum Vitae of Shareholders
- Reference letter issued by a Bank
- KYC Application, Provided by MSZ
- Choose the Right Business Name
- Obtain Permission from the Concerned Ministry
- Draft Memorandum of Association (MOA)
- Get Capital Contribution Certificate and Auditor’s Certificate
- Gather Documents and Submit Application
- Pay Fees and Obtain License
Business Entities Permitted in Fujairah Mainland
Businesses in Fujairah Mainland typically fall under one of several types:
-
Limited Liability Company (LLC)
An LLC is a popular choice among entrepreneurs due to its flexibility and protection of personal assets. Owners enjoy limited liability, meaning their personal assets are not at risk for business debts and obligations. -
General Partnership Company
In a general partnership, two or more individuals share ownership and management responsibilities. Each partner contributes capital, shares profits, and is personally liable for the company's debts and obligations. -
Professional Company
Professional companies are formed by licensed professionals to provide services in fields such as law, medicine, engineering, and accounting. These entities have specific regulations regarding ownership and liability. -
Joint Venture
A joint venture involves two or more parties collaborating for a specific business purpose or project. Each party contributes resources and shares risks and rewards according to the terms of the joint venture agreement. -
Public Shareholding Company
Public shareholding companies issue shares to the public and are regulated by the Securities and Commodities Authority (SCA). They must comply with strict reporting and disclosure requirements. -
Private Shareholding Company
A private shareholding company is similar to a public shareholding company but restricts the transfer of shares to a limited group of shareholders. It offers more privacy and flexibility compared to public companies.
Experience
Let MSZ Consultancy Help You Start Your Fujairah Mainland Business
From handling business setup to navigating critical renewals, MSZ Consultancy can help take your business further. We can assist you with licensing processes, visa applications, PRO services, and much more. Give your business the push it needs to succeed.
