Fujairah Free Zone (FFZA) is adjacent to the Port of Fujairah. Companies established here have easy access to all Arabian Gulf ports, the Red Sea, India and Pakistan on weekly feeder vessels. Mainline services arrive from Northern Europe, the Mediterranean, Far East and North America on a weekly basis, and services leave twice weekly to the Far East and once a week to North America. Fujairah Free Zone is also close to Fujairah International Airport which is the only airport serving the UAE East Coast as well as northern Oman.
Why FFZA ?
Fujairah has also taken a step forward and came up with Fujairah Free Zone (FFZA) which was established in the year 2005, with an aim of developing the emirate as an investment hub. It believes in connecting the dots ACE – Accessibility, Connectivity, and Economy. Investors benefit by way of faster transaction, accruing due to shorter delivery times. Fujairah Free Zone (FFZ) offers an unmatched Economy – cheaper tariffs, and minimum start up time. Licenses can be issued within one working day. Reduced establishment expenses, and lower overheads, make FFZ a very cost effective investment proposition.
Benefits :
- 100 % foreign ownership is allowed
- 100 % repatriation of capital and profits.
- 0 % Corporate or personal tax
- Lowest Setup Cost
- Physical presence is not mandated to incorporate a company in FFZA.
- No Objection Certificate (NOC) is not required for foreign investors.
- Fast and Easy process of incorporation.
- No Requirement of leasing a physical office up to 6 UAE residency visas.
Types of Licenses :
Depending on the different business activities, different trade licenses are offered. It also provides special licenses if a foreign investor wants to engage in industries like petrochemical, education, oil, investments, etc. Let’s have a look at the different Fujairah free zone license available:
- General Trading License
- Professional License
- Industrial License
- National Industrial License
- Warehousing License
- Consultancy/Service License
Business Activities in FFZA :
Fujairah Free Zone widens the business scope for more than 200 different business sectors. Few of the main sectors of operation include:
- Information and Technology
- Textile Industry
- Gold Industry
- Recycling Business
- Perfumes and Plastics
- Trading Sector
- Service Sector
Types of Companies :
FFZA provides expansive opportunities for different businesses. There are four different types of companies provided by Fujairah Free Zone :
- Free Zone Establishment (FZE)
– Single Ownership either Natural Person or Legal Person (Subsidiary)
- Free Zone Company (FZC)
– More than one Shareholder (Natural Persons or Legal Persons or both)
- Branch of a UAE Company
– Branch of a local Company which operates within UAE
- Branch of a Foreign Company (including offshore)
– Branch of a foreign company which operates outside UAE
Facilities offered in FFZA :
- Virtual Offices
- Flexi Desk
- Warehouse
- Open Land
- Custom Built Units
- Overseas Company (Offshore)
Documents Required :
Documents required for Fujairah Free Zone company registration includes:
- Passport copy and UAE visa entry stamp
- 2 copies of proof of address
- Bank reference letter
- Shareholders’ CV
- Company application form
FOR MORE INFORMATION, CONTACT US :
Phone : +971 52 1952 532 / +971 4 240 1110
Mail-Id : info@yugaaccounting.com
Website : www.yugaaccounting.com