Fujairah Free Zone (FFZ)
Fujairah free zone was formed in a year and since then has experienced tremendous growth with over 200 companies setting up its base.Freezone of Fujairah is close to port of Fujairah International Airport that allows free zone companies to have easier access to Gulf ports, India, Iran and Red Sea. The superb connectivity options and top notch facilities make it a great place for business growth.
Brief Overview about Free zone
This free zone provides company setup options with an extensive range of business support services included in it. The convenient and simple application process makes sure that all the company documentation is completed in real quick time. The highly experienced qualified professionals make sure that business requirements are understood in best possible manner.
Benefits of Free Zone
Here are some of the advantages of joining the Fujairah free zone community:
- Easy Licensing Procedures
The licensing procurement can be completed in 1 working day for your preferred business activity for Fujairah free zone company formation.
- Opportunity for Investment in Geological Projects
The free zone allows you to explore new domains such as rock, minerals, oil etc.
- 100 Percent Investment Security
There are secured investment options available and you don’t need to worry about the investment capital.
- Business Friendly Environment
- Cost Effective Investment Facilities
Fujairah provides a large number of services that can be opted based on the business and customer requirements. Some of them are listed below:
- Design Related Services
- Management Consultancy Services
- E-Commerce Services
- Training Services
- Media Services
The services can be customized if the need arises with affordable business setup packages.
Types of License
The type of license depends on the activities you need to perform in the free zone. The costing of each license tends to differ as well.
The five types of licenses are:
- Trading or Normal License
- General Trading
- Professional or Service License
- Industrial License
- National Industrial License
Special type of licenses are required if business owners want to engage in activities with respect to education,oil,investment and any other special segment. Before you decide what kind of business activity you want to get into, it is important to know about the allowed business activity in the free zone area.
Cost of Setting Up
The annual fee for special type of licenses starts at AED 5000.With all these restrictions and licensing cost that has to be paid it is important to isolate a single area of business and build up on it. The branch of foreign company and branch of UAE Company requires no capital cash physical requirement.Also, there is no lower limit on number of shareholders and formation fee is nil.
Here are the pricing and other relevant details for free zone establishment (FZE) and Free zone Company (FZC):
- Minimum capital requirement in both the cases is AED 150,000
- Formation Fee in both cases is AED 5000
- Minimum number of stakeholders for FZE is one and for FZC is two