Fujairah Free Zone Business Set Up
Fujairah has become a hub for business and tourism in the past few years because of its strategic location on the Gulf of Oman and various business incentives. The emirate’s economy has diversified into sectors other than oil and gas, leading to a growing business demand.
Fujairah Free Zone is one of the most attractive free zone destinations for businesses looking to establish a presence in the UAE. Known for its strategic location, business-friendly environment, and comprehensive support services, the Fujairah Free Zone offers numerous opportunities for growth and expansion.
If you are planning your next business venture in the Fujairah Free Zone (FFZ), stick around as we will discuss company formation in FFZ, its requirements, and benefits.
Why Set Up a Business in the Fujairah Free Zone?
Among the 7 emirates in the UAE touching the Persian Gulf, Fujairah has its coastline on the Gulf of Oman. Fujairah Free Zone Authority offers a diverse range of licenses for investors, particularly appealing to startups and entrepreneurs.
Situated on the eastern coast of the UAE, it provides easy access to major shipping routes and markets in the Middle East, Asia, and Africa. The FFZ is designed to cater to a wide range of industries, from trading and logistics to manufacturing and services, making it an ideal hub for diverse business activities.
Benefits of Setting Up a Company in the Fujairah Free Zone
- 100% foreign ownership
- Tax incentives
- Repatriation of profits
- Cost-effective business setup
- Modern infrastructure
- Support services
- No requirement for physical presence
- Provision of UAE residency visas
- No paid-up share capital
- No currency restrictions
- No export-import duties
- Wide range of business activities
Facilities Available in Fujairah Free Zone
Fujairah Free Zone is managed by the Fujairah Free Zone Authority. It offers various benefits for investors including state-of-the art facilities. Some of them are as follows:
- Virtual offices
- Flexi desks
- Warehouses
- Open-land
- Branch offices
- Overseas Company
- Custom built units
Fujairah Free Zone FFZ boasts one of the largest storage tank terminals in the Middle East with a storage capacity of over 1 million tons. With its modern port facilities and strategic location, Fujairah is the top business free zone in the UAE.
Business Activities Allowed in Fujairah Free Zone
Sharjah Free Zones supports various business activities, including:
- Trading
- Manufacturing
- Consultancy services
- IT, marketing services
- Logistics
- Warehousing and transportation
- Media
- Retail
- Hospitality
- Healthcare
- Education
- Food and Restaurants
Different Licenses in the Fujairah Free Zone FFZ
The Fujairah Free Zone Authority supports a variety of business activities and licenses such as:
- Trading License: For businesses involved in import, export, and distribution.
- Service License: For service-oriented companies such as consultancy, IT, and marketing firms.
- Industrial License: For manufacturing and industrial activities.
- General Trading License: For businesses dealing with multiple product categories.
How to Setup a Business in Fujairah Free Zone [Steps]
Follow these steps to launch your business in Fujairah Free Zone easily:
Choose a Business Activity
Decide on the nature of your business you wish to start in the free zone and the appropriate license type.
Select a Legal Entity
Choose the legal structure that best suits your business needs. There are various choices for entrepreneurs and businesses.
Submit an Application
Complete the application form and submit it to the Fujairah Free Zone Authority along with the required documents.
Obtain Initial Approval
Receive initial approval from the Free Zone Authority.
Lease Agreement
Sign a lease agreement for office space or land in the Free Zone. FFZA has various options for businesses with read-to-use office spaces, warehouses, and other facilities.
Pay Fees
Pay the applicable registration, licensing, and leasing fees to the free zone authority.
Receive License
Obtain your business license and start your business operations in FFZ.
Start Your Business in FFZ with Solutions FZCO!
At Solutions FZCO, we specialize in helping businesses set up in the Fujairah Free Zone. Our expert consultants will guide you through every step of the process, ensuring a smooth and hassle-free experience.
With our local contacts, we expedite your business registration process. Let us facilitate the process of obtaining the required licenses and permits, so you can start your business within days.
Contact us today to take advantage of the numerous opportunities that the Fujairah Free Zone has to offer and start your journey toward success!
