Located in the north of emirate’s capital, Fujairah City, the Fujairah Free Zone (FFZ) is a special economic zone. The FFZ is one of the seven emirates that comprise the United Arab Emirates (UAE).
Fujairah’s unique and strategic location holds a key role in its development and has reached new heights under the leadership and vision of Sheikh Hamid Bin Mohammad Al Sharqi, who is the ruler of Fujairah. For entrepreneurs and business owners, it is important to understand the free zone regions as they help you set up your business venture in the UAE.
Fujairah Free Zone Company Formation
Fujairah Free Zone is right next to the Port of Fujairah. Company setup in Fujairah Free zone will give you access to markets nearby. It also benefits you greatly as it is close to Fujairah International Airport which the only airport is serving the UAE East Coast. Emirate of Fujairah is a combination of strategic geographic location with access to the world’s main shipping routes. A fine airport & seaport and streamlined procedures, make the Free Zone of Fujairah the best place for company formation.
Setting up a company in Fujairah free zone is favorable because of three ultimate reasons, connectivity, accessibility, and economy. The companies there also have easy access to the gulf coast, Pakistan, India, Iran, and the red sea. The mainland services available to the business setups in Fujairah free zone authority are from as far as Europe, North America, Mediterranean, and the Far East.
Type of companies in Fujairah free zone
It provides three types of company ownership for business setup:
- Free Zone Establishment (FZE): A free zone establishment is an entity with sole ownership.
- Free Zone Company (FZC): A free zone company is an entity that can be owned by 2 to 5 partners.
- Branch/Representative office: Both UAE-based and foreign companies can establish a branch office.
Business Licenses in Fujairah free zone
Fujairah Free Zone Authority provides a number of business licenses to meet the need of individuals and companies.
- Trading and general trading license:
Under trading and general trading license, one is entitled to carry out import, export, and re-export freely.
- Warehousing license:
It entitles the investor to use the warehouse as a center for distribution, storage, and packaging of goods.
- Manufacturing license:
This license allows investors to set up manufacturing plants and industries.
Documents Required for Company Setup
- Several types of documents will be required to submit in all relevant authorities.
- All these documents must be complete and fully attested.
- Complete information about shareholders, directors, and managers is mandatory.
Types Of Business Activities Allowed In Fujairah Free Zone
Fujairah free zone attracts foreign investors and business-minded people from all over the world, given the world-class and cost-effective facilities provided in the free zone authority. Fujairah free zone activity list is as follows:
- Broadcasting and management
- Publishing
- Media Services and Marketing
- Entertainment and Music
- Broadcasting
- Consultancy
- Filming/Production/Post-production
- Information Technology Services
Fujairah Free Zone Company Formation Fees
| Jurisdiction | Item Details | Price (Indicative Only) | |
| USD | AED | ||
| Fujairah Free Zone | General Trading License Fees | 2,725 | 10,000 |
| General Trading | Incorporation Charges | 1,444 | 5,300 |
| Free Zone Utilities | 136 | 500 | |
| P.O Box Opening | 272 | 1,000 | |
| Varal Service Charges(Individual Shareholder) | 3,406 | 12,500 | |
| Varal Service Charges(Corporate Shareholder) | 4,087 | 15,000 | |
| Total Commercial License(Individual Shareholder) | 7,984 | 29,300 | |
| Total Commercial License (Corporate Shareholder) | 8,665 | 31,800 | |
| Fujairah Free Zone | Trading One Activity License Fees | 681 | 2,500 |
| Trading One Activity | Incorporation Charges | 1,444 | 5,300 |
| Free Zone Utilities | 136 | 500 | |
| P.O Box Opening | 272 | 1,000 | |
| Varal Service Charges(Individual Shareholder) | 3,406 | 12,500 | |
| Varal Service Charges(Corporate Shareholder) | 4,087 | 15,000 | |
| Total Trading One Activity License(Individual Shareholder) | 5,940 | 21,800 | |
| Total Trading One Activity License (Corporate Shareholder) | 6,621 | 24,300 | |
| Fujairah Free Zone | Trading Two Activity License Fees | 1,362 | 5,000 |
| Trading Two Activity | Incorporation Charges | 1,444 | 5,300 |
| Free Zone Utilities | 136 | 500 | |
| P.O Box Opening | 272 | 1,000 | |
| Varal Service Charges(Individual Shareholder) | 3,406 | 12,500 | |
| Varal Service Charges(Corporate Shareholder) | 4,087 | 15,000 | |
| Total Trading One Activity License(Individual Shareholder) | 6,621 | 24,300 | |
| Total Trading One Activity License (Corporate Shareholder) | 7,302 | 26,800 | |
| Fujairah Free Zone | Trading Chemicals License Fees | 5,450 | 20,000 |
| Commercial License | Incorporation Charges | 1,444 | 5,300 |
| Free Zone Utilities | 136 | 500 | |
| P.O Box Opening | 272 | 1,000 | |
| Varal Service Charges(Individual Shareholder) | 3,406 | 12,500 | |
| Varal Service Charges(Corporate Shareholder) | 4,087 | 15,000 | |
| Total Trading One Activity License(Individual Shareholder) | 10,708 | 39,300 | |
| Total Trading One Activity License (Corporate Shareholder) | 11,390 | 41,800 | |
| Flexi Office Space | 4,905 | 18,000 | |
| Small Office Space | 5,450 | 20,000 | |
| Big Office Space | 8,174 | 30,000 | |
| Flexi Office Space Security Deposit | 2,725 | 10,000 | |
| Small Office Space Security Deposit | 4,087 | 15,000 | |
| Big Office Space Security Deposit | 5,450 | 20,000 | |
| Shipping License Fees | 2,725 | 10,000 | |
| Marine Service License Fees | 2,725 | 10,000 | |
| Logistics Service License Fees | 2,725 | 10,000 | |
| Maintenance Service License Fees | 2,725 | 10,000 | |
| Petroleum Products License Fees | 5,450 | 20,000 | |
| Tobacco Products License Fees | 5,450 | 20,000 | |
| Investments Products License Fees | 13,624 | 50,000 | |
| Alcohol Products License Fees | 13,624 | 50,000 | |
| Educational Products License Fees | 27,248 | 1,00,000 | |
| Manufacturing License Fees | 1,362 | 5,000 | |
Fujairah Free Zone Advantages
The free zones are established to encourage new investors and provide them with ease of doing business. Fujairah free zone rules and regulations and advantages are the same as the rules and advantages of any other free zone in the UAE. Which are as follows:
- Zero percent corporation and personal tax
- 100% company ownership
- 100% repatriation of capital and profits
- No currency restrictions
- 100% import and export tax exemption
While these are the typical advantages of a free zone, there are some advantages which are particular to a specific free zone, different from all the other regions.
Unique Advantages of Fujairah Free zone
- Company formation in Fujairah free zone will provide you state-of-the-art facilities
- Company setup in Fujairah free zone will provide you exemption from customs duties
- It will provide you access to regional and global markets by land, air, and sea
- It will give you access to Fujairah Port and Fujairah International Airport
- 100% corporate and personal tax exemption on company formation
- 100% repatriation of capital and profits on company incorporation
- There is no hidden cost of business setup in Fujairah free zone
- It provides Investor-friendly policies for company formation
- Efficient and cost-effective solutions are available.
- 100% foreign ownership of Business setup
- It will provide you the security of investment
Some More Benefits of FFZ
Multiple Visa Applications
One of the biggest attractions of the Fujairah zone is that it enables new investors and entrepreneurs to apply for multiple visas without leasing physical office space. The Fujairah zone offers a ‘Baby Business’ package under which entrepreneurs can sign up for Flexi-desk service, which offers flexible access to desk space. A total of six visas can be applied for under this package.
No Office Space Required
Fujairah free zone permits entrepreneurs to apply for more than one visa without the need of having a physical office space, in fact, there is no need to have an office space at all. It possesses packages for single owners and freelancers, which makes it easy for entrepreneurs to get their business up and running in no time. Without the need for commitments or minimal or overhead costs for startups.
Favors Different Types Of Business
The advantages of sector-specific free zones are often talked of. Which are pitted against those that are welcoming of a number of different types of business. However, in fact, both of them have a lot of advantages. While working with experts of your field in close quarters is a great opportunity for learning and sharing knowledge, working among mix industries provides the opportunity of broadening horizons and collaboration. Fujairah Free Zone Authority is particularly highly favorable because it brings the two worlds together. For instance, free zones are particularly beneficial for creative industries like broadcasting and advertising, and media, which consist of a range of subsectors such as HR, IT, e-commerce, publishing, consultancy and design, and training. Which makes free zones favorable for different types of businesses. As well as allow sharing of knowledge and transfer of skills amongst subsectors.
Affable For E-Commerce
Securing a business license for setting up an e-commerce business can be risky in the UAE, specifically when setting up in a free zone. However, Fujairah free zone makes it far easy to acquire a business license for an e-commerce business. With the most cost-effective packages, it has to offer.
Easy To Setup A Corporate Bank Account
It is normal to drown in heaps of paperwork while setting up a business in any part of the world. Which is the same case in the UAE as well. Hence, people are always on the lookout for ways of lessening that burden. While it is normal to expect standard assistance during business registration in any free zone of UAE, Fujairah free zone will provide assistance and help during the opening and choosing of a corporate bank account as well.
Sponsor Dependents With Ease
While it has already been talked about in length of how easy it is to set up and get a visa in Fujairah free zone, in fact, it is equally easy and straightforward for entrepreneurs to sponsor their families for their own residence and visa as well. The process of setting up a business in FFZA is easy – consisting of 4 steps only, however, it is always a good idea to consult an expert before going for it. The experts make sure that you and your family member – who you are sponsoring, meet the criteria of entering the free zone before applying.
Facilitate Businesses Of All Sizes
There are equal advantages for single owners and large enterprises alike in FFZA. Businesses of all sizes have access to fully furnished facilities in Fujairah free zone. As well as for those companies which desire their stamp in their surroundings, it provides an open plan and blank canvas offices as well. While for solo entrepreneurs and freelancers, the facility of flexible desk space according to their needs is also available.
Perfect Location
And last but not least, Fujairah free zone’s perfect location. The strategic location of this free zone, on the east coast of UAE, is as big of a selling point as the cost-effective facilities provided for setting up a business. The Fujairah free zone is only 90 minutes away from the Dubai business district, located just off of E89 road. As well as, it is situated within easy range of a number of international airports. Fujairah is known as the ‘Jewel of the Middle East’, because of being an excellent hub for tourists and business travelers alike, as well as show off the beautiful, sun-kissed beaches and majestic mountain ranges.
Why Contact Riz & Mona Consultancy?
- We provide all types of services required for company incorporation including bank account opening, visa services, translation & attestation of documents, trademark registration, etc
- Complete assistance in solving all types of business issues even after the registration of a company.
- Quick and hassle-free approval from all departments thanks to our experience and reputation