Fujairah Free Zone Company Registration FFZ

FFZ Company Advantages

1. Offers 100% foreign ownership, no corporate income tax, and free remittance of capital and profits.

2. Strategic location close to Fujairah Port, convenient for logistics and import and export trade.

FFZ Company Highlights

1. Close to Fujairah Port, the only access to the Indian Ocean.

2. Also has the largest oil storage space in the GCC.

3. FFZ issues e-commerce licenses.

FFZ Company Registration Type

1. Free Zone Company (FZCO): This type of company is a joint venture registered in a free zone, usually consisting of multiple shareholders, each of whom contributes a minimum of AED 100,000, with a registered capital of AED 500,000.

2. Free Zone Establishment (FZE): This is a wholly owned company in a free zone, consisting of a single shareholder, with a registered capital of AED 1 million.

License issued by FFZ

1. Freelancer Business License: This type of business offers flexible working arrangements, is suitable for freelancers, and does not require a no objection letter from a local sponsor.

2. E-commerce License: Fujairah Free Zone offers an electronic transaction visa to facilitate online business.

FFZ Company Registration Process

1. License Type Selection: First, you need to determine the nature of your business and choose the appropriate license type. Fujairah Free Zone offers a variety of licenses, including commercial trade, consulting services, industry, education, media, e-commerce, etc.

2. Legal Structure: In Fujairah Free Zone, you can choose from three legal structures: Free Zone Limited Liability Company (FZ LLC), Free Zone Company (FZ), Free Zone Establishment (FZE). Choose the appropriate legal structure based on the nature and needs of your business.

3. Trade Name Registration: You need to apply for a trade name through the application or website of the Ministry of Economic Development. The trade name must reflect the legal structure of the company, cannot be similar to the name of an existing company, and cannot contain offensive or inappropriate wording.

4. Business Location Selection: Choosing a suitable office location is a key step. You can rent an office space or use a virtual office within the free zone. The choice of office space depends on the number of employees and the nature of the business.

5. Obtain Preliminary Approval: Submit all necessary documents and ensure that all mandatory criteria are met to obtain preliminary approval. Common documents include application form, business plan, passport copies of shareholders and managers, business license copies, etc.

6. Payment and issuance of license: Pay relevant fees and submit necessary documents such as registration application form, board resolution, share capital information, etc. to complete the issuance of the company license.