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Taxation of Companies in Fujairah Free Zone

Updated on Thursday 10th November 2016

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Taxation-of-companies-in-Fujairah-free-zoneEach UAE emirate has its own free zones. Even if Dubai free zones are the most prolific in the whole country, emirates like Abu Dhabi and Fujairah also provide for many advantages to foreign investors who want to open companies in their free zones.

One of Fujairah’s free zones is the one with the same name as the emirate. Opening a company in Fujairah free zone is quite simple, however one will need a local representative who will carry out the company registration process. Our Dubai company formation agents can assist you in opening a company in Fujairah free zone. They can also offer information on the taxation of companies in Fujairah free zone.

Taxes imposed to companies in Fujairah free zone

The UAE has a federal tax system which provides for the taxation of companies operating in the oil industry and the taxation of branches of foreign banks operating across the country. Each emirate, including Fujairah, also has its own tax regulations. When it comes to the taxation of companies in Fujairah free zone, these will not be subject to the federal or local tax system, but they will be taxed in accordance with the free zone’s authority regulations.

The Fujairah Free Zone Authority provides for many tax advantages for foreign investors opening companies here. First of all, full foreign ownership of a company is allowed in Fujairah free zone.

Tax benefits for Fujairah free zone companies

Both foreign entrepreneurs and companies are allowed to have established presences in Fujairah free zone. No matter the type of structure one registers, the tax advantages are the same in Fujairah free zone. Among these are:

  • -          full exemptions on the income and corporate taxes;
  • -          no import or export duties;
  • -          full repatriation of profits and capital.

It is also worth noting that owners of free zone companies in Fujairah can benefit from the provisions of UAE’s double taxation agreements when it comes to the repatriation of capital which in their home countries are taxable.

For full information on how companies are taxed in Fujairah free zone, you can contact our Dubai company formation representatives. They can also help with the registration process of companies in Dubai or its free zones.

 

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