Fujairah Free Zone (FFZ) is a prominent free zone located in the emirate of Fujairah, one of the seven emirates of the United Arab Emirates (UAE). Here are key features and aspects of Fujairah Free Zone:
1. Strategic Location:
- FFZ is strategically situated in Fujairah, providing access to the Indian Ocean and the Gulf of Oman. Its location makes it an ideal choice for businesses involved in trading and maritime activities.
2. Business Activities:
- FFZ caters to a variety of business activities, including trading, manufacturing, services, and maritime-related activities. It is particularly known for its focus on industries related to shipping, logistics, and oil and gas.
3. Maritime Services:
- FFZ is home to a dedicated maritime sector, providing services such as ship registration, marine-related industries, and bunkering services. It is recognized for its role in supporting the maritime and shipping industry.
4. Licensing Options:
- FFZ offers various licensing options, including trading licenses, industrial licenses, and service licenses. Businesses can choose the license type that aligns with their specific activities.
5. Infrastructure:
- FFZ provides modern infrastructure, including office spaces, warehouses, and industrial facilities. The zone is equipped with advanced technology and amenities to meet the diverse needs of businesses.
6. No Personal Income Taxes:
- Individuals and businesses in FFZ benefit from no personal income taxes, providing a favorable tax environment.
7. No Import or Export Duties:
- Companies in FFZ enjoy exemption from import and export duties, contributing to cost savings for businesses involved in trade and manufacturing.
8. Licensing and Registration:
- The process of setting up a business in FFZ involves obtaining the necessary licenses and registrations from the FFZ Authority. The authority oversees the regulatory framework and ensures compliance.
9. Flexibility in Ownership:
- FFZ allows businesses to have 100% foreign ownership, providing an attractive proposition for international investors and companies.
10. Proximity to Fujairah Port: – FFZ’s close proximity to Fujairah Port enhances the logistical capabilities of businesses involved in import and export activities.
11. Business Support Services: – FFZ provides a range of support services for businesses, including visa services, assistance with business setup, and access to a network of service providers.
12. Renewable Energy Focus: – FFZ has shown interest in supporting renewable energy initiatives, providing opportunities for businesses engaged in renewable energy and related technologies.
Overall, Fujairah Free Zone is a dynamic and specialized free zone that caters to the needs of businesses in various industries, with a particular emphasis on maritime and trading activities. Its strategic location, industry focus, and business-friendly environment make it an attractive choice for companies looking to establish a presence in Fujairah.
