Free zone is a particular geographical area in the emirate where 100% foreign ownership is allowed. Free zones do not require partnership with a UAE citizen or with a local service agent.
Fujairah Free Zone (FFZ) is located in the emirate of Fujairah and it has been operating for more than 20 years.
Fujairah is the second largest container terminal after Dubai. It is not only one of the largest bunker ports on the great sea route from Asia-Pacific region to Europe, but also one of the biggest crude oil and petrochemical export port in the world. Fujairah Free Zone is located adjacent to this port.
In addition to the above, there is an airport on the territory of Fujairah emirate, which serves as a transit point for sending and receiving goods globally.
Companies that are registered in the freezone can import, export and re-export goods. Cost of business setup in Fujairah Free Zone is much lower than in Dubai.
FFZ offers virtual offices, standard office spaces, warehouses and plots of land for rent.
This free zone will suit those companies that want to reduce operational costs in the UAE.
minimum share capital requirement amounts to AED 150,000 (USD 41,096).
1 year only, as in any other emirate, after which the license needs to be renewed.
Fujairah free zone has a requirement for all companies registered in FFZ to submit audit reports on an annual basis.
Company’s license should be renewed prior to its expiration to avoid payment of late renewal penalties.
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