Accountants for businesses in Fujairah
Fujairah's position on the Gulf of Oman gives it the UAE's only major port outside the Arabian Gulf, making bunkering, shipping services, logistics and heavy industry central to its economy.
Fujairah's position on the Gulf of Oman gives it the UAE's only major port outside the Arabian Gulf, making bunkering, shipping services, logistics and heavy industry central to its economy.
The emirate's maritime orientation shapes the accounting work. Bunkering, ship agency, freight forwarding and port services all raise the same two questions: is the business acting as principal or as agent — which decides whether revenue is reported gross or net — and does the favourable VAT treatment for qualifying international transport actually extend to this particular supply. Operators frequently apply a blanket assumption to both, and are frequently wrong on part of it. See marine and shipping accounting.
Alongside the port economy sits heavy industry and quarrying, where cost of production and inventory valuation are the substantive issues. Licensing runs through the Fujairah Department of Industry and Economy or the emirate's free zones; the federal tax position is the same as everywhere else in the UAE.
What we do
- Monthly bookkeeping and bank reconciliation, closed on a fixed date.
- VAT registration and returns reconciled to your ledger.
- Corporate Tax registration, computation and filing, with the elections modelled.
- Payroll and WPS, including end-of-service provisioning.
- Financial statements and audit support, with an independent registered auditor appointed where one is required.
- Management accounts — the monthly pack that tells you what is actually happening.
Reviewed 18 August 2026 by Ahmed Nabil Selim. UAE tax rates, thresholds and deadlines change — confirm the position for your period before relying on it.
Fujairah — frequently asked questions
Supplies of goods and services to vessels used in qualifying international transport can receive favourable treatment under the UAE VAT legislation, but the conditions are specific and depend on the nature of the vessel, the voyage and the supply. The treatment does not extend automatically to every supply made in a port, to domestic movements, or to vessels not engaged in qualifying international transport. Because the exposure accumulates quickly at bunkering volumes, the position is worth mapping supply by supply rather than assumed.
Generally net — an agent arranging services on a principal's behalf recognises its agency fee or commission rather than the gross amounts passing through it, and disbursements paid on the principal's behalf are not the agent's revenue or cost. The analysis turns on control and on who bears the risk, so it should be settled from the contracts and applied consistently. Reporting gross when the substance is agency inflates turnover enormously and will be restated by any auditor or acquirer who looks properly.
Tell us the licence type, roughly how many transactions a month, what systems you use and where things currently stand. From that we can scope the work and quote a fixed monthly fee, usually within a couple of days. If the books are behind, we scope and price the catch-up separately so you can see both numbers before deciding.
Based in Fujairah?
Tell us the licence type, roughly how many transactions a month and where things stand. We will scope the work and quote a fixed monthly fee.
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