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Fujairah Free Zone

{NOTE: Kindly note that the authenticity of the below article is limited to the day of publishing this blog. As policies and rules pertaining to each freezone keeps changing from time to time based on the necessity of the respective authority, it is hereby advised you to check the website of the concerned freezone directly to get the latest update on the same. We do not assume any liability if you have taken any decision based on the information provided in the article. We have ensured that the presented information to the visitor is legible to the maximum extent possible so that all the information is available in one page, at one go. Thank you.}

A Quick view on Fujairah Free Zone

The small northern emirate of Fujairah offers numerous facilities for entrepreneurs looking to set up a business, the most prominent and successful of which is the Fujairah Free Zone. Strengthening the UAE business and trade sector, this free zone is a tax-free region for companies seeking to operate in Fujairah managed by Fujairah Free Zone Authority (FFZA). Fujairah Free Zone is adjacent to the Port of Fujairah. Companies established here have easy access to all Arabian Gulf ports, the Red Sea, India and Pakistan.

 

Fujairah Free Zone is close to Fujairah International Airport which is the only airport serving the UAE East Coast as well as northern Oman. A fortunate combination of geographic location, with access to world’s major shipping routes, a fine port & airport, and streamlined procedures, make the Free Zone of Fujairah an ideal place for business.

 

Investors benefit from the triple Fujairah Free Zone advantage, namely the ACE

  • Accessibility
  • Connectivity
  • Economy

 

Accessibility: Fujairah Free Zone offers a unique connectivity, logistic link to the world – by air through Fujairah International Airport, by sea through Fujairah Sea Port, and by road to Middle East & beyond. Investors benefit by way of faster transaction, accruing due to shorter delivery times. Fujairah Free Zone (FFZ) offers an unmatched Economy – cheaper tariffs, and minimum start up time. Licenses can be issued within one working day. Reduced establishment expenses, and lower overheads, make FFZ a very cost effective investment proposition.

 

Q) Why investors have to consider Fujairah Free Zone (FFZ)?

There are some major benefits of starting a business in this free zone in Fujairah:

  • Multi-access to neighbouring and global markets by land, sea and air.
  • Variety of investment fields.
  • Investor-oriented policies
  • Efficient and cost-effective investment facilitation
  • Full investment security

 

 

Q) What are the types of entities that can be incorporated in Fujairah Free Zone?

  1. Free Zone Company (FZCO)

A FZCO registration allows multiple Shareholders to form a company within the Fujairah Free Zone. The Shareholders can be 2 to 10 individuals (people), non-individuals (company or companies) or a combination of both.

  1. Free Zone Establishment (FZE)

The investors are allowed to register a Free Zone Entity with a single shareholder within the Free Zone. A single individual or a single company can be a shareholder of the entity in the Fujairah Free Zone.

  1. Branch of Foreign Company

The Fujairah Free Zone Authority (FFZA) allows companies outside the UAE to establish a branch in the Fujairah Free Zone. The foreign branch can conduct all or some of the unique activities of the parent company.

  1. UAE Branch

A UAE Branch registration allows companies holding a valid registration from a UAE license authority to open a branch within the Fujairah Free Zone. A UAE Branch forms a legally dependent part of the Parent and conducts all or some of the operations of the Parent. A valid registration from a UAE license authority is required to open a branch.

 

Q) What are the key benefits of licensing that Fujairah Free Zone offers?

  • 100% foreign ownership
  • 100% exemption from import duties
  • 100% tax exemption (both corporate & personal)
  • 100% repatriation of capital and profits
  • Fully secured investments
  • Single window services
  • No restrictions on recruitment
  • Modern port of Fujairah
  • Modern Fujairah international airport
  • Abundant energy
  • Lower business overheads
  • Investor oriented policies
  • Steady tariff assurance of minimum 3 years
  • Common customs facilities (with port & airport)

 

 

Q) What are the Special packages that Fujairah Free Zone offers?

Packages Charges*
1. VIRTUAL OFFICES

· AED 15,000/- (Minimum) Annually

· AED 5,300/- One time – Only applicable for FZE & FZC

· AED 1,200/- One time charges for Free Zone utilities

· AED 5,000/- Refundable Security Deposit

2. FLEXI DESK

o AED 18,000/- (Minimum) Annually

o AED 5,300/- One time – Only applicable for FZE, FZC

o AED 1,600/- (One time charges for Free Zone utilities)

o AED 3,460/- per person – Residence Visa

o AED 10,000/- (Minimum Refundable Security Deposit)

3. REPRESENTATIVE / BRANCH OFFICES

· AED 20,000/- (Min) Annually – Rental for offices

· AED 2,500/- (Upwards) – Free Zone License / Dhs.10,000 – Gen. Trading License

· AED 2,850/ – One Time Charges for Free zone Utilities

· AED 5,300/- Incorporation Charges (One-time – Only applicable for FZC & FZE)

· AED 3,460/- per person – Residence Visa

· AED 15,000/- Refundable Security Deposit

4. WAREHOUSE

o AED 230 per Sq.mtr annually (upwards) (Min 500 Sq.mtr ) – Rent for warehouse

o AED 5,000/- (Upwards) – Free Zone Licence

o AED 3,850 (for warehouse) – One Time charges for Free Zone Utilities

o AED 5,300/-  Incorporation Charges (One time -Only applicable for FZC & FZE)

o AED 3,460/- per person – Residence Visa (Deposit of Dhs.1,000/- on each visa)

o AED 15,000/- Refundable Security Deposit

5. OPEN LAND

· AED 20/- per Sq.mtr annually  ( Minimum)

· AED 5,000/- (Upwards) – Free Zone Licence

· AED 3,850 – One Time charges for Free Zone Utilities

· AED 5300/- Incorporation Charges (One time – Only applicable for FZC & FZE)

· AED 3,460/- per person – Residence Visa (Deposit of Dhs.1,000/- on each visa)

· AED 15,000/- Refundable Security Deposit

6. CUSTOM BUILT UNITS

o AED 230 per Sq.mtr annually (upwards) (Min 500 Sq.mtr ) – Rent for warehouse

o AED 5,000/- (Upwards) – Free Zone License

o AED 3,700 (for warehouse) – One Time charges for Free Zone Utilities

o AED 5,300/-  Registration fees (One time -Only applicable for FZC & FZE)

o AED 3,450/- per person – Residence Visa (Deposit of Dhs.1,000/- on each visa)

o AED 15,000/- Refundable Security Deposit

* The above mentioned fees is applicable as of today at the time of publishing this blog. The reader is advised to consult us or check the free zone website directly to corroborate the actual fees.

 

Administrative services by Fujairah Free Zone:

  1. Driving license
  2. Registration of cars
  3. Notarization of legal documents
  4. Entry permits
  5. Residence visas
  6. Transit and visit visas for investors and employees
  7. Providing recruitment services for personnel at all levels

 

Business club facility offered by Fujairah Free Zone

Fujairah Free Zone Authority offers the Business Club. Whether you are launching a new product, hosting a live event, Exhibitions, premiering a screening or presenting a seminar, The Business Club is the ideal place. Business Club include auditorium, majlis, ballroom, meeting rooms, conference space, theatre and entertainment room complete with a green room, audio-visual and projector systems as well as being equipped for catering, valet services and easy access to public transport to make sure that every event becomes a majestic spectacle.

 

Why Spectrum Auditing?

Spectrum Auditing is an expert firm in the Company Formation and Company Liquidation process. Our passion and heart lie in serving the clients and we aim at the utmost client’s satisfaction. We are registered Auditors under the Ministry of Economy UAE and also registered Tax Agent from Federal Tax Agency UAE providing dedicated Audit, Accounting, Tax services and various Business Advisory Services complying regulatory requirements.

 

Reach us to have a frills free life in your journey in Dubai, UAE. We at Spectrum will assist you in taking care of all the legal procedures involved in the registration and de-registration of your company in Fujairah Free Zone. Call us today for any kind of assistance at +971 4 2699329 or email us at [email protected] to get all your queries addressed. Spectrum is your partner in your success.

 

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