The UAE has 40+ free zones, each designed to serve specific sectors while providing investors exclusive benefits. These zones drive the nation’s economic success by providing a business-friendly environment. Moreover, these zones are known for offering 100% foreign ownership, tax exemptions and simplified licensing.
Among the strategically positioned and economically beneficial zones is the Fujairah Free Zone (FFZ). Offering a strategic, tax-free environment for businesses, this zone is located on the east coast of the UAE. It is managed by the Fujairah Free Zone Authority (FFZA), providing convenient access to the Gulf of Oman and the Indian Ocean. Here’s a comprehensive guide to the FFZ highlighting its importance as a central business hub in the UAE.
What is Fujairah Free Zone (FFZ)?
Located next to Fujairah port, FFZ offers a tax-free setup for businesses, with various office types, warehouses and custom units. Moreover, with services like licensing, visa issuance, recruitment and access to major ports and airports, FFZ promotes business development and success. This zone is an ideal option for companies in the Eastern UAE and Northern Oman due to its proximity to Fujairah International Airport.
Reasons to Establish Your Business in the FFZ
The advantages of setting up your business in FFZ are as follows:
- Prime Location: Direct access to local, regional and global markets.
- Affordable Startup Costs: A wide range of cost-effective investment options to set your business in motion.
- Investor-Focused: Investor-friendly policies and exceptional capital protection.
- Business Club: The ‘Business Club’ provides a perfect venue for events, exhibitions and business activities.
Fujairah Free Zone Business Setup Options
Fujairah Free Zone provides a wide array of business setup options catering to different needs, industries and budgets. Whether you’re launching a new business, expanding an existing one or requiring specialised facilities, FFZ provides the right solutions to match your goals. Here are all the Fujairah Free Zone company setup options available:
Virtual Offices
Virtual offices are a cost-effective and practical solution for businesses that do not require a physical working space. The minimum annual fee for a virtual office is AED 15,000, with additional charges for free zone utilities at AED 1,200 and a refundable security deposit of AED 5,000.
Flexible Desks
For businesses that require a physical space but at an affordable cost, FFZ offers flexible desks for AED 18,000 per year. The utility fee is AED 1,600, with an additional AED 3,600 for a residence visa (if required) and a refundable deposit of AED 10,000.
Branch Offices
Starting at AED 20,000 annually for 20 sqm of space, FFZ offers both furnished and unfurnished suitable for growing businesses. Additional fees include a free zone licence (from AED 2,500) and utilities (AED 2,850), residence visas (AED 3,600) and a refundable deposit of AED 1,500.
Warehouses
FFZ provides insulated warehouses catering to businesses that require storage space. Each warehouse covers 500 sqm with prices starting from AED 230 per sqm. Moreover, extra costs include AED 5,000 for a free zone licence, AED 3,800 for utilities and a refundable security deposit of AED 15,000.
Open Land
FFZ also offers open land options for businesses that need expansive spaces starting at AED 20 per sqm. The free zone license fee is AED 5,000, while a residence visa costs AED 3,460 per person.
Custom-Built Units
Custom-built units are available at AED 230 per sqm for specialised industrial requirements. Furthermore, the free zone license costs AED 5,000.
International Company Setup
FFZ is an ideal option for international companies to set up operations. The setup procedure includes consulting with an accredited expert to help navigate the required steps.
Key Services Provided by FFZA
FFZA offers a wide range of services to facilitate hassle-free business activities, such as:
- Rapid issuance of licences and NOC certificates
- Registration of vehicles
- Notarisation of legal documents
- Issuance of residence, transit and visit visas for investors and employees
- Recruitment services for all levels of employees
- Provision of gate and port passes
FAQs
What is the cost of renewing a company in FFZ?
The renewal fee for an FFZ license relies on the license type, visa package, shareholding structure and external approvals.
What business facilities are available in FFZ?
FFZ’s business facilities include trading, manufacturing, assembly and distribution.
Is FFZ Offshore?
No, FFZ is an onshore free zone located in the Northern Emirates.
FFZ provides a strong, affordable foundation to investors and entrepreneurs for rapid growth and establishment of their businesses. This free zone has a wide variety of options for varying business needs, ranging from physical office spaces to warehouses and virtual solutions. Lastly, FFZ’s strategic location and the extensive support services provided by the FFZA bolster its reputation as a premier business hub.
As this region’s business landscape continues to expand, many investors and employees may consider residing there. To help you with that, here are some properties for sale in Fujairah that offer a perfect blend of convenience and comfort. However, if you’re seeking temporary residence, explore these properties for rent in Fujairah to get the best pick.
Stay tuned to dubizzle’s property blog for more information on free zones in the UAE.
