Fujairah Freezone Authority
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Introduction:
Fujairah Free Zone Authority (FFZA) is a government agency established by the Emirate of Fujairah in the United Arab Emirates (UAE). It is responsible for regulating and promoting business activities in the Fujairah Free Zone (FFZ), which is a designated economic zone that provides a business-friendly environment for local and international companies.
The FFZ offers a range of services and facilities to businesses, including tax exemptions, 100% foreign ownership, no currency restrictions, and a fast and efficient business registration process. The FFZ is also strategically located on the east coast of the UAE, which provides easy access to major shipping routes and markets in Asia, Africa, and Europe.
FFZA is responsible for managing the FFZ and ensuring that it operates in accordance with the laws and regulations of the UAE. It is also responsible for providing support and services to businesses that are established in the FFZ, including assistance with company formation, licensing, and visa services.
Overall, FFZA plays a key role in promoting economic development and attracting foreign investment to the Emirate of Fujairah through the FFZ.
Start your company in Fujairah Freezone Authority
Starting a company in the Fujairah Free Zone Authority (FFZA) can be a straightforward process with the right guidance and preparation. Here are the general steps to follow:
Choose a business activity: The first step is to determine the type of business activity you want to conduct in the FFZA. The FFZA allows a wide range of activities, including trading, manufacturing, and services.
Choose a legal structure: You can choose from a range of legal structures for your company, including a Free Zone Establishment (FZE), a Free Zone Company (FZCO), or a Branch Office.
Determine your share capital: Depending on the legal structure you choose, you will need to determine your minimum share capital. For example, an FZE requires a minimum share capital of AED 150,000, while an FZCO requires a minimum share capital of AED 300,000.
Choose a company name: You will need to choose a unique name for your company that is not already registered in the FFZA. The name should also comply with the FFZA’s naming guidelines.
Prepare and submit your application: Once you have completed the above steps, you can prepare your application and submit it to the FFZA. The application will include your company’s details, such as the proposed business activity, legal structure, share capital, and company name.
Obtain your license: Once your application is approved, you can obtain your license from the FFZA. The license will allow you to conduct business in the FFZA.
Set up your office: Finally, you can set up your office and start conducting business in the FFZA.
Benefits of Fujairah Freezone Authority
100% foreign ownership: One of the most attractive benefits of the FFZA is that it allows 100% foreign ownership of companies. This means that you can fully own and operate your business without the need for a local partner.
Tax exemptions: Companies established in the FFZA are exempt from corporate and personal income taxes, as well as customs duties on imported and exported goods.
Fast and efficient setup: The FFZA offers a streamlined setup process, with a one-stop-shop service for company registration, licensing, and visa issuance.
Strategic location: The FFZA is located on the east coast of the UAE, providing easy access to major shipping routes and markets in Asia, Africa, and Europe.
No currency restrictions: There are no currency restrictions in the FFZA, allowing businesses to freely transfer funds in and out of the zone.
Modern infrastructure: The FFZA offers modern infrastructure and facilities, including office spaces, warehouses, and industrial plots.
Proximity to ports: The FFZA is located close to major ports, including the Port of Fujairah, which is the second-largest bunkering port in the world.
Business-friendly environment: The FFZA offers a business-friendly environment with minimal bureaucracy, making it an attractive location for startups and SMEs.
