Fujairah Free Zone Company Setup
Established in November 1987 by an Emiri Decree, Fujairah Free Zone (FFZ) is one of the most significant and gainful free zones in the United Arab Emirates (UAE). Fujairah Free Zone is located adjacent to the Port of Fujairah. Companies in Fujairah Free Zone have total access to all Arabian Gulf Ports, the Red Sea, India, and Pakistan. The Fujairah International Airport is the only airport in the eastern coastal region as well as in northern Oman.
Fujairah Free Zone has access to the world’s major shipping routes, a world-class airport, and streamlined procedures, along with this fortunate geographic location. Business setup in Fujairah Free Zone is highly lucrative for many companies. Fujairah Free Zone has 3 main benefits for the investors as well: ACE – Accessibility, Connectivity, and Economy.
Fujairah Free Zone has access to the world’s major shipping routes, a world-class airport, and streamlined procedures, along with this fortunate geographic location. Business setup in Fujairah Free Zone is highly lucrative for many companies. Fujairah Free Zone has 3 main benefits for the investors as well: ACE – Accessibility, Connectivity, and Economy.
Fujairah Free Zone has a connect with the major markets and human resource of the world. The zone has linkages through Fujairah International Airport by air, Fujairah Seaport by sea, and by road to the Middle East and beyond. This connectivity to the world benefits investors here via faster transaction due to lesser delivery time. Fujairah Free Zone economy has never been better, enabling provision of low tariffs, minimum company formation time, and issuance of license within a day. FFZ has proven to be one of the very cost efficient free zones with a low-cost proposition.
What is Fujairah Creative Zone?
Fujairah Creative Zone, also known as Fujairah Creative City Free Zone, was established under the rule of His Highness Sheikh Rashid Bin Hamad Al Sharqi in 2005 but the first phase of development was completed in the year 2007. This creative city is like a media city, but unlike the Dubai media city which is a destination for TV broadcast and radio providers, Fujairah Creative Zone also provides media-related services.
Advantages of Business Setup in Fujairah Free Zone
Fujairah Free Zone company formation has a lot of potential for startups and young entrepreneurs as well as for investors. Fujairah Free Zone authority promises a fine growth for new ideas and company formation in the region by making sure that they have been provided with excellent infrastructure, flexible government policies and other benefits like:
- Simple procedures for staffing and recruitment
- The timely and efficient immigration process
- Efficient communication and advanced infrastructure
- Sponsorship and visas for an affordable skilled workforce
- 100% foreign ownership
- Full repatriation of capital and profits
- 100% free transfer of funds and no foreign exchange controls
- Exemption from import/export duties and low freight charges
- Liberal economic policies and legal framework
- Total safety for investors and cost-effective investment facilities
- Reduced infrastructure investment cost
- Investor-friendly governmental policies
- State-of-the-art communication system
- Diversified investment opportunities like investing in agriculture, tourism and other sectors
- No restriction on the recruitment of foreign employees
Fujairah Free Zone License Types
Like all other free zones, a company needs to obtain a business license before it can establish its respective business in Fujairah Free Zone. Business licenses are categorized according to nature of activity:
- Trading (normal) License
- General Trading License
- Professional/Service License
- Industrial License
- National Industrial License
Types of Licenses Available in Fujairah Creative Zone
- Publishing
- Management of Broadcasting
- Marketing and Media Services
- Music and Entertainment
- Consultancy
- Broadcasting
- Production/Post-Production/Filming
- Information Technology Services
Business Setup Process in Fujairah Free Zone
Fujairah Free Zone company formation is an easy process which makes it simpler for new companies to start their business without much of a hassle. The steps involved 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
Types of Companies in Fujairah Free Zone
There are 3 types of permissible ownership structures a business can have in this free zone:
1. Free Zone Establishment (FZE)
Businesses having only a single shareholder
2. Free Zone Company (FZC)
An entity having more 2 or more shareholders
3. Branch
A company can have any of these 2 types of branches: (1) branch of a company registered in the UAE, or (2) branch of a company registered in a foreign country
