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Fujairah Free Zone (FFZ)

(FFZ) Fujairah Free Zone

The Fujairah Free Zone is a promising place to set up business in the UAE due to its combination of major shipping routes, excellent port and airport connections, strategic geographical location and simplified legal procedures. FFZ is one of the oldest free zones in the UAE. It is located in the Emirate of Fujairah, near the port of Fujairah.

Many heavy industry and mining companies are located in this promising free zone. In addition, due to the convenient location of the Port of Fujairah with direct access to the Indian Ocean, all major oil companies have offices in the region. Establishing a free zone company in Fujairah is one of the choices made by companies planning to do business in the Emirate of Fujairah. It has the largest oil depot in the GCC region.

The Benefits of Setting Up Business in FFZ

  • 100% free money transfer and no currency control
  • Exemption of import/export duties and low transportation costs
  • Liberal economic policies and legal framework
  • Complete security for investors and cost-effective investment opportunities
  • Reducing infrastructure investment costs
  • Investor-friendly government policies
  • Modern communication system
  • Various investment opportunities such as investment in agriculture, tourism and other sectors
  • There are no restrictions on hiring foreign employees
  • Multiple access to neighbouring and global markets by land, sea and air.
  • Various investment fields.
  • Investor-oriented policy
  • Practical and cost-effective investment facilitation
  • Absolute investment security
  • Simplified recruitment procedures
  • Timely and effective immigration process
  • Sponsorship and visas for an affordable skilled workforce
  • 100% foreign ownership
  • Full repatriation of capital and profits

Quick Query

Business Sectors in Fujairah Free Zone

Fujairah expanded its business to more than 200 different divisions. Some of the leading job areas include:

  • Perfumes and Plastics
  • Trading Sector
  • Service Sector
  • Information and Technology
  • Textile Industry
  • Gold Industry
  • Recycling Business

Types of Licenses Available in Fujairah Free Zone

Before you even decide to set up business in Fujairah Free Zone, you should know the business activities that your company will carry out. Depending on different business activities, different types of licenses are offered. Let's take a look at the various Fujairah free zone licenses available:

  • National Industrial License
  • Warehousing License
  • Consultancy/Service License
  • Normal Trading License
  • General Trading License
  • Professional License
  • Industrial License

The Fujairah Free Zone license is priced at a very low AED 5,000. It also offers special licenses if foreign investors wish to get involved in industries such as petrochemicals, education, oil, investment and more.

Cost of Visa in Fujairah Free Zone

The cost of a visa for foreign investors or entrepreneurs is around 3,460 AED. The entry visa is usually issued in 3-4 working days. After this, you need to have a medical check and Emirates ID application. UAE residence visa stamping is generally done in 3-5 working days. Moreover, no health insurance is required for visa processing.

Company Renewal in Fujairah Free Zone

Business renewal in the Fujairah Free Zone is easy. It can happen in 1 day. It costs less than the initial setup fee. All updates in this free zone take place in January. So, if you start your business in October, you pay a license fee until the end of the calendar year and then renew your license for the following year in January.

No audits are required in the first year, but Free Zone will need them after the second year of operation. If you haven't had a business so far, you can negotiate the audit submission with the free zone to waive it.

Company Liquidation in FFZ

In case of liquidation of the company, you must give 5-6 months' notice to the free zone authority. It can be done via email from your registered email id. For this, you will need to do the following steps:

  • Return all original corporate documents
  • Close corporate bank account and get clearance
  • Do final audit
  • Pay the fees for the cancellation

The license cancellation fee charged by the government is 1,500 AED.

Company The Process of Business Setup in Fujairah Free Zone

Company formation in Fujairah Free Zone is a simple process that makes it easy for new businesses to start their own business without much hassle. The steps included are:

  • Determine the type of business activity
  • Prepare a detailed plan for business setup
  • Select your company name (which must be unique) and reserve it with the Fujairah Free Zone authority
  • Set up the infrastructure, and hire the required staff
  • Deposit the mandatory capital amount in a bank
  • Handle business registration and licensing requirements
  • Get shareholders to sign the company formation documents in the presence of the free zone authorities

Company Documents Required for Business Setup in Fujairah Free Zone

To start the process of business setup in FFZ, there is an order for the submission of certain evidence documents sufficient for legal action. Documents required to register a company in the Fujairah Free Zone include:

  • Certified passport copy and UAE visa entry stamp
  • 2 copies of proof of address
  • Bank reference letter
  • Shareholders' CV
  • Company application form

What We Offer

The Fujairah Free Zone is an area that offers a favourable environment for starting a business with low overhead and setup costs. With MAD Middle East, you can take this opportunity to combine your business in the Fujairah Free Zone or Fujairah Creative Zone without red tape. Our experts have the necessary knowledge of the local market and government guidelines and consulting experience to get you started. Contact us and get started today!

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