COUNTRY
UAE
BUSINESS TRADE LICENSE FUJAIRAH
A Business Trade License in Fujairah is a permit issued by the Fujairah Department of Economic Development that allows a company to operate in the Emirate of Fujairah. It is a legal requirement for any business operating within the Emirate to have a valid licence. The licence defines the type of permitted business activity and the terms and conditions under which the business can operate. It is beneficial to apply for a business licence at the time of company registration in Fujairah.
HOW TO GET A TRADE LICENCE IN FUJAIRAH?
Choose a suitable business activity and location
Review the list of permitted business activities and choose one that aligns with the business plan.
Choose a suitable location for the business and ensure it is compliant with the local zoning regulations.
Obtain approval from relevant authorities
Depending on the type of business, approval from authorities such as the Department of Tourism and Commerce Marketing, Department of Health and Safety, etc. may be required.
Complete the registration process at Fujairah Department of Economic Development, submit the required documents, and pay the fees.
Initial approval
To proceed with the Fujairah business licence requirements that allow foreign nationals to engage in their intended commercial activity in Fujairah, an initial permission certificate is necessary. The investor is now free to move forward with the legal processes for getting a company licence and applying for the necessary licences from the relevant authorities to engage in economic activity.
Licensing process
Set up all the necessary paperwork, such as a memorandum of association and all the documentation that the appropriate authorities have approved. The necessary authorities will grant the licence and begin the procedure of the visa if all the paperwork has been filed and validated. A licence for conducting trading activities will be provided following the necessary payment.
TYPES OF TRADE LICENCES IN FUJAIRAH
Industrial licence
Entrepreneurs interested in establishing an industrial unit on the grounds of the free zone must get an industrial licence. Certain environmental standards must be met, and the staff and equipment need to be insured.
Professional/Service License
This licence entitles the holder to oversee the establishment and management of a professional Fujairah free zone company within the free zone. The licence holder’s creative efforts should be used to deliver the services.
Warehousing licence
As the name implies, the licence for warehousing entitles the holder to employ a warehouse for distribution and storage.
Trading License (Normal)
The Fujairah Free Zone authority’s specified commodities may be freely imported and exported by holders of the Fujairah trading licence. The import and export are legal both inside and outside of the UAE.
General Trading License
A Fujairah general trading licence gives businesses the authority to import, export, and re-export any of the products listed by the Fujairah Free Zone Authority. In this place, it is also acceptable for certain goods to be distributed locally.
TRADE LICENSE FUJAIRAH FEES
The fees for obtaining a Business Trade License in Fujairah vary depending on the type of licence, the size of the business, and the nature of the business activity. In Fujairah free zone, the fee for obtaining a zero visa licence with a virtual office is 21,500 AED, which includes a refundable deposit of 5,000 AED.
However, some business activities have higher fees due to their nature and the requirements associated with them. For example, obtaining an alcohol trading licence in Fujairah free zone costs 50,000 AED, in addition to a deposit of another 50,000 AED. This is due to the regulations and restrictions associated with the sale and distribution of alcohol.
BENEFITS OF GETTING A BUSINESS TRADE LICENSE IN FUJAIRAH
Getting a Fujairah trade license provides several benefits, including:
Legal compliance
A Business Trade License ensures that a company is operating within the law and is compliant with local regulations.
Access to the local market
A license provides a business with the ability to operate within the Emirate of Fujairah and access its local market.
Ease of doing business
Fujairah has a simplified and streamlined process for obtaining a Business Trade License, making it easier for businesses to set up and operate.
Access to infrastructure
Fujairah has a well-developed infrastructure, including ports, airports, and transportation links, providing businesses with easy access to markets and suppliers.
Attractive tax benefits
Fujairah has a tax-free environment, offering businesses attractive tax benefits compared to other locations
Support for businesses
The Fujairah Department of Economic Development provides support and assistance to businesses, including information on regulations, procedures, and licensing requirements.
DOCUMENTS REQUIRED TO GET YOUR FUJAIRAH TRADE LICENSE
- A license application signed by company managers or legal representatives
- Proof of trademark reservation
- Proof of initial approval signed by required parties
- Personal information of each shareholder ad manager
- No Objection Certificate (NOC)
- Passport copies
- Proof of address
RENEWAL OF TRADE LICENSE IN FUJAIRAH
To renew a Business Trade License in Fujairah, the following steps should be taken:
Submit a renewal application
A renewal application form should be obtained from the Fujairah Department of Economic Development and completed.
Provide updated information
Any updates to the business information, such as changes in ownership or contact details, should be provided.
Pay the renewal fee
The renewal fee, as determined by the Fujairah Department of Economic Development, should be paid.
Provide supporting documents
Any supporting documents, such as an updated lease agreement or a current passport copy, may be required.
It’s advisable to renew the Business Trade License on time, as failure to renew the licence can result in penalties, fines, or suspension of business activities.
HOW RELIN CONSULTANTS HELPS YOU TO GET A BUSINESS LICENSE IN FUJAIRAH
Our team of professionals at Relin Consultants will provide guidance on the process of obtaining a licence with assistance with the preparation and submission of the required documents, including the application form, passport copies, and business plan.
We will act as a liaison with the Fujairah Department of Economic Development, ensuring that all necessary documents are submitted and that the process is completed in a timely and efficient manner. We will assist with the processing and approval of the Business Trade License, including payment of the fee and any other charges.
Reach out to us at Relin Consultants to more about our services in Fujairah.
FAQs
How can I get a business licence in Fujairah?
To get a Fujairah trade licence, follow these steps:
- Choose a business activity and location.
- Obtain a notarized lease agreement for your business location.
- Get initial approval from the Department of Economic Development.
- Obtain necessary approvals from relevant departments (e.g. Municipality, Chamber of Commerce).
- Submit the required documents to the Department of Economic Development.
- Pay the fees and obtain your trade licence.
How much does a business licence cost in Fujairah?
The cost of a business licence in Fujairah can vary depending on various factors, such as the type of business activity, the size of the business, and the location of the business. Some fees to consider include trade licence fees, municipality fees, and Chamber of Commerce fees.
How can I get a business licence online in Fujairah?
Getting a business licence online in Fujairah can be done through the Fujairah Municipality’s e-services portal. The steps to get a business licence online are as follows:
- Register for an account on the e-services portal.
- Choose the “Trade License” option.
- Fill out the online application form with the necessary information.
- Upload the required documents.
- Pay the fees online.
- Wait for the approval and receive the trade licence.
Is a trade licence mandatory in Fujairah?
Yes, a trade licence is mandatory in Fujairah for businesses operating within the emirate. A trade licence is issued by the Department of Economic Development and is required for businesses to legally operate in the emirate. Failure to obtain a trade licence can result in penalties and fines, so it’s important to obtain one before starting your business operations in Fujairah.
Is it hard to obtain a trade licence in Fujairah?
It depends on various factors such as the type of trade licence, the business activities, and the requirements of the Fujairah government. The process can be complicated, but with proper guidance and documentation, it can be made easier.
How long will it take to get a business licence in Fujairah?
The time it takes to obtain a business licence in Fujairah can vary, but it typically takes around 2-4 weeks if all required documents are in order and the application is processed smoothly. Factors that can affect the processing time include the type of licence, the complexity of the business activities, and the workload of the licensing authority.
Do small businesses need a licence in Fujairah?
Yes, small businesses in Fujairah are required to obtain a business licence in order to legally operate in the emirate. The type of licence required will depend on the nature of the business and its activities. It is important for small business owners to ensure that they have the necessary licences and permits to avoid any legal penalties or fines.
RELATED POSTS
All Singapore companies must file the annual return after holding an annual general meeting “AGM” annually unless it meets the exemption of section 175A of the Act.
A corporation that operates in importing and exporting goods to and from Singapore is defined as a trading company. A Singapore trading company can import goods from outside of Singapore into the country for local consumption or export goods made in Singapore or goods imported into Singapore to overseas markets. Our guide below explains the [...]
WHAT IS AGM (ANNUAL GENERAL MEETING)? According to ACRA in Singapore, an AGM is a mandatory annual meeting for a company with its shareholders. AGM is an obligatory requirement for every company in Singapore. In general, there are two main purposes for holding an AGM. AGM is utilized to present the company's financial statements to [...]