Trading Regulations of Fujairah
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Trading Regulations of Fujairah: International manufacturers and exporters may conduct business with Fujairah by concluding transactions directly with importers and traders who are already established in the market. This type of arrangement may be suitable for low-volume trade. However, for an ongoing business relationship, overseas companies may well want to consider a more permanent form of representation. Commercial Agencies: A foreign company wishing to supply goods and services from abroad, but without establishing a physical presence in Fujairh, may find it advantageous to appoint a commercial agent. The main provision of the Federal Commercial Agency Law No 18 of 1981 is that the agent must be a UAEnational, or a company 100 per cent owned by UAEnationals. A commercial agent may not carry out activities in the UAEunless its name is entered in the Commercial Agency Registry maintained at the UAEMinistry of Economy. Distributor: It is possible for an overseas trader to appoint a local Distributor to distribute the products in UAEmarket. Unlike a Commercial Agent, the Distributor can be any locally registered company including companies with foreign ownership.
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