Fujairah Freezone
The Arab world is a hospitable region, and the UAE in particular has made it an enticing destination for a business setup. Located strategically on the Indian Ocean and filled with a plethora of resources and raw materials, it has attracted international investors to develop alluring free trade zones that offer incredible benefits to prospective entrepreneurs. In fact, the UAE is home to the most diverse economy in the region.
Fujairah Free Zone (alternatively FZO or FFZ) is a free economic zone in Fujairah, United Arab Emirates. It was established in 1997. As it was founded just two years after Dubai and Jebel Ali, FZO had an enormous role to play in the development of the Emirate. Fujairah Free Zone is a coastal area in the eastern part of the Emirate of Fujairah. It is one of the oldest free zones in UAE, established in 1974. The free zone offers an attractive tax package that is beneficial for setting up or expanding business in diverse industries e.g. manufacturing, services and logistics. Fujairah Free Zone (FFZA) can offer a comfortable working environment with open airspace for a factory as well as the latest technologies used for production purposes. Products produced at FFZ are then exported to other countries without paying any customs duty or taxes.
Fujairah Free Zone is a coastal area in the eastern part of the Emirate of Fujairah. We encourage businesses from all around the globe to set up shop here. Fujairah are an economic free zone that makes setting up and expanding businesses simple and profitable. The world’s largest and most modern man-made free zone industrial complex in the Middle East is located in Fujairah. It is within a short distance of two major sea routes. The free zone comprises over 8,500 hectares, with more than 700 companies operating from there. There are international companies specializing in oil & gas exploration and development that are using this zone to carry out their projects. The free zone has the smart positioning of critical infrastructure in order to help zone’s clients doing business in a modernized and convenient environment. The free zone is currently home to leading companies in pharmaceuticals, oil & gas industries, marine equipment, cement production, industrial products etc. The free zone is adjacent to the Fujairah International Airport which facilitates easy access to the immediate region, and is approximately 72 km from the emirate of Dubai. The area has excellent financial and banking facilities and is home to a variety of multi-national corporations including Bridgepoint, ENOC Group, BP and Total . Overlooking the stunning Hadda Mountain range in Fujairah, the free zone offers a wide array of infrastructure benefits and incentives. Free trade is guaranteed with no customs duties or restrictions on imports or exports in and out of the area. Fujairah is the main center of the free zone in the United Arab Emirates. It has seen major developments since its establishment in 1979. Many financial and business services have been offered by some of the most reputable companies.
Some of the unique and exclusive activities offered within this freezone are as below:
- Maritime license
- Alcohol trading
- Tobacco trading
- Real estate consultancy
- Financial consultancy
- E-commerce
- Logistics Trading / consultancy in oil and petroleum products sector
To apply for the license, choose a business name and choose the country of registration. After the documents are submitted, welcome to Fujairah free zone. A representative from Vigor Business Setup in UAE will accompany you to and from the free zone. The procedure for getting a corporate code in Fujairah free zone is usually takes more than 5 working business days. Vigor Business Setup helps to register 1 company for the client during this period of time. A Vigor Company formation services in Dubai can help you to setup a company in UAE. UAE laws allow the business to be registered with less than 1 shareholder. There are many benefits of setting up business in Dubai free zone: cheap rents, fast license issuance, good location at the heart of the city. These facilities are offered without extra tax burdens and long-term rental agreements Audit is not required in the first year, but the free zone will ask for it after the second year of operations is completed.
If you have already setup your company in the free zone of Fujairah and wish to renew your license, it is possible to do within a day and for less than the cost of setting up your company. We have helped many clients to complete their company setup in the free zone and often we face the same problem. The clients are not sure what documents they will need for the renewal of their business license. The free zone scheme has made setting up a company in the UAE very easy. It only takes a couple of days, you save money and all license fees are less than establishing a company under the general commercial laws in the UAE. All companies that want to operate within the free zone need to apply for licenses (trade license and operating license) and open bank accounts prior to starting business operations. After the 2-day process, you are ready to open your company’s doors to welcome your customers!
In the investment programs of free zone as a partner of leading companies, we have been providing services to foreign merchants and businesses for more than five years starting from registering the company in free zone to maintaining it including but not limited to updating the license, tax reporting, accounting and financials. In addition to that our free zone partners also offer a wide range of services including business planning, accounting and financials, managing your compliance affairs , assisting you with all legal formalities at zero cost with no risk. If you are interested in this please contact us.