Fujairah Free Zone Company Formation

Fujairah Free Zone Company Formation : For Fujairah Free Zone Company’s formation, the unique and strategic location of Fujairah—the only Emirate of the UAE on the East Coast—played a significant role in its growth. Under Fujairah’s Ruler, Sheikh Hamed Bin Md. Al Sharqi, with his vision and leadership, the emirates have shown tremendous growth. By combining traditional Eastern values with Western-adapted modern technologies, we offer living standards that rival those of developed nations worldwide. The Emirate, with an area of 1450 square kilometres, is home to a quarter million people belonging to different nationalities.

Fujairah’s port is located adjacent to the Free Zone, thereby ensuring maximum benefits to investors from its strategic location. Investors can make use of the available shipping services to get access to the Red Sea, Arabian Gulf ports, India, Pakistan, and Iran via the weekly feeder vessels. There is also provided a weekly service of mainline services from North Europe, the UK, North America, the Mediterranean, and the Far East. It offers sailings to North America once a week and twice a week to the Far East. Some of the modern facilities introduced are six ships to shore gantry cranes, a deep water quay of 800 metres (12.5 metres draught), and 11 rubber-tyred yard cranes. These enable the port to manage the region’s growth along with Ro/Ro cargo, bulk dry cargo, general cargo, livestock, and regular containers.

About Fujairah International Airport

This international airport accommodates Indian Airlines, Gulf Air, CIS Airlines, and Egypt Air, along with other cargo operators and carriers. It is also the only port to serve the UAE’s east coast and northern Oman. The airport boasts state-of-the-art air cargo management technology and cutting-edge aviation systems. Furthermore, its efficient customs facilities facilitate swift processing. Additionally, its proximity to the Fujairah seaport ensures seamless operations for both air and sea cargo.

About Fujairah Free-Zone Authority

Business club

The business club, spanning an expansive 1000 sq. m., adeptly caters to investors’ essential requirements. Boasting an auditorium, conference room, furnished trading offices, a playroom, and a restaurant, this space offers a congenial ambiance, fostering relaxation and facilitating valuable business dealings.

Distribution and warehousing

Feasibility exists in leasing units of various sizes tailored for general trading, import, export, and re-export purposes. Additionally, the warehouse serves as a multifunctional space, enabling storage and packaging, thereby transforming into a lucrative distribution hub available at an attractive price point.

Trading Offices

The fully furnished offices are available for lease with secretarial assistance and a 35 square metre minimum area for import and export and re-export operations.

Manufacturing

Pre-built units can be leased by investors, or customised unit construction can be requested with open land to meet requirements for manufacturing purposes.

Customs exemption

Enjoying a customs duty exemption, Free Zone clients importing finished products and commodities for export or re-export outside the UAE benefit significantly. Furthermore, there’s no imposition of duties on raw materials or factory machinery utilized for production. Additionally, leveraging UAE airports and ports grants Free Zone clients seamless goods movement, coupled with customs duty exemptions.

Water and Electricity

In the Free Zone, investors benefit from the provision of three-phase power at reasonable rates by the Water and Electricity Ministry. Moreover, the ministry ensures a steady supply of water sourced from a desalination plant, catering to the diverse needs of businesses established within the zone.

Administration Service

The Authority has employed skilled individuals to expedite service requests from the relevant Federal Ministries. This includes tasks such as registering cars, obtaining driver’s licenses, notarizing legal documents, acquiring residence visas, entry permits, visit and transit visas for employees and investors, among other services. Additionally, the Authority offers recruitment services for personnel at all levels.

UAE Bank Account opening

The following needs to be submitted to open accounts at any of the UAE banks:

• Company Establishment copy
• Authorised Signatory Power of Attorney, copy
• Chamber of Commerce registration copy
• Fujairah Free-Zone licence submission copy
• Fujairah Free-Zone Authority introductory letter

Fujairah Customs

The department’s objective is to provide Fujairah Port, Fujairah International Airport, and Dibba Sea Port users with efficient, quick, and simple customs facilities. Having experience spanning more than eight years and procedures that are tailored according to the demands of the clients, the authority is capable enough to offer uncomplicated services at all times.

The normal office operating hours are between 7:30 a.m. and 2:30 p.m. to attend to all customs documentation and other related requirements. Services like trans-shipment, bills of entry, crew change inspection, vessel clearance certificate, ship handling services, bonded warehouse in-and-out traffic, etc. are all handled by the staff on duty after office hours.

Our Free Zone clients can enjoy a customs duty exemption on the import of all finished products and commodities intended for export and re-export outside the UAE. Additionally, exemptions apply to duties on raw materials or factory machines used in production. However, Free Zone users importing goods into the UAE will incur a 4% customs duty.

Customs will require the given below documentation for in/out exporting or clearing of goods:

Import in the UAE

• Invoice of the original supplier
• Fujairah Duty completed the import BOE (Bill of Entry).
• Origin certificate
• Packing list
• Israeli boycott certificate
• Trader licence copy
• Delivery order

Additional Documents required

A health certificate is mandatory for agricultural products and foodstuffs. In the event that the original documents are not available for presentation to the authorities, copies can be submitted with a small deposit.

Export from the UAE

Customs Department, Fujairah declaration is mandatory for all cargo that is being exported through Fujairah air and sea ports. This should be combined with the commercial invoice and the Fujairah BOE (Bill of Entry).

Re-Export

• Fujairah Re-export A BOE (Bill of Entry) is necessary for all cargoes re-exported through Fujairah air and sea ports.
• For quota controlled items, there should be attached copy of Visa Stamp/Certificate of Origin.
• There should be produced Traffic Police Clearance documents for vehicles.
• Any AUE airport and port can be used by Free Zone clients for goods movement in and out of the country. Also benefit from customs duty exemptions.

License

A 100 percent ownership operational licence can be obtained by investors under the following categories, depending upon the lease agreement provided by the authority:

General Trading & Trading License

Investors are granted authorization to export, import, and re-export specific commodities as agreed upon. This license empowers them to freely conduct these activities both within the free zone. Beyond the borders of the UAE. Furthermore, the authority offers assistance in obtaining special permits from relevant government departments, facilitating streamlined distribution and hassle-free operations.

Warehousing License

Investors can obtain this by leasing warehousing facilities. They have the entitlement to utilize the warehouse as a hub for storing, major distribution, and packaging goods.

Manufacturing License

It is necessary for Fujairah Free-Zone Company formation, project implementation, and approval. All projects, including machinery and manpower, are to be insured fully. Also, all of the manufacturing licence approvals have been subjected to the identification given below:

• Project environmental aspects
• Manpower, water, and electricity requirements
• Area requirements: open and built-up space

Fujairah Free Zone Authority

Trading Offices

Trading offices that are fully furnished can be leased for import, export, and re-export operations. Minimum area of 35 square metres, with possible secretarial assistance.

Distribution / Warehousing

Units of different sizes can be taken on lease for the import, export, and re-export of different commodities as well as for general trading. Investors can operate by using storage and packaging facilities in their warehouse to become a distribution hub in the region at the most lucrative prices.

Manufacturing

Investors can lease pre-built units or request the construction of units customised to their requirements with open land for manufacturing purposes.

Business Club

Designed to address the fundamental needs of investors, a business club has been established on a 1,000-square-foot area. This comprehensive facility encompasses essential amenities such as a conference room, auditorium, playroom, and furnished trading offices. Additionally, it provides a welcoming restaurant where investors can unwind and negotiate business deals in a congenial atmosphere.

Customs Exemption

Fujairah Free Zone Company Formation: Free Zone clients can benefit from the exemption of customs duties on imports of all commodities and finished products for the purpose of export and re-export outside the UAE. Clients need not pay duties on factory machinery or raw materials used in production. Free Zone clients may use any of the UAE’s ports and airports for the movement of their goods in and out of the country while still benefiting from customs duty exemptions.

Electricity and Water

Fujairah Free Zone Company Formation: The Ministry of Electricity and Water provides 3-phase power for investors at the Free Zone at reasonable rates. Water is provided by the ministry from the desalination plant.

Administrative Service

Fujairah Free Zone Company Formation: The proficient staff at the Authority promptly assist in securing services from related federal ministries. They handle tasks such as obtaining driving licenses, car registrations, notarizing legal documents, securing entry permits, residence visas, transit visas, and visit visas for investors and employees. The authority can assist in providing recruitment services for personnel at all levels.

How to Open a UAE Bank Account

To open an account in any of the banks in the UAE, you will need to submit the following:

• Introductory letter by the Fujairah Free Zone Authority
• Submission of a copy of the Fujairah Free Zone licence
• A copy of the Chamber of Commerce registration
• Copy of the Power of Attorney of the Authorised Signatory
• Copy of the establishment of the company

Fujairah Customs

The aim of the department is to offer simple and efficient customs facilities to users of the Port of Fujairah, Dibba Sea Port, and Fujairah International Airport. With the experience gained over the past 8 years, procedures, moulded by customers’ needs, have been refined to provide uncomplicated services.

For all customs requirements and documentation, the normal office hours are 7:30 a.m. to 2:30 p.m. Staff on duty provide coverage after office hours on services such as bills of entry, trans-shipment, vessel clearance certificate, crew change inspection, bonded warehouse in/out traffic, ship handling services, etc.

Free Zone clients can benefit from the exemption of customs duties on imports of all commodities and finished products for the purpose of export and re-export outside the UAE. Clients need not pay duties on factory machinery or raw materials used in production. Users will be required to pay 4% customs duties when importing into the UAE through the Free Zone.

The following documentation is required by customs for (in & out) clearing or exporting of goods:

Import in UAE

• Duty completed Fujairah Import Bill of Entry
• Original Supplier’s Invoice
• Certificate of Origin
• Packing list
• Delivery Order
• Copy of Trade license
• Israeli Boycott Certificate

Additional Documents

For foodstuffs and agricultural products, a health certificate is required. In the absence of original documents, copies may be lodged with a small deposit.

Export From UAE

All cargo being exported via Fujairah sea and air ports has to be declared to the Department of Customs, Fujairah, along with a Fujairah Bill of Entry supported by a commercial invoice.

Re-Export

• Any cargo re-exported via Fujairah sea and air ports must have the support of a Fujairah re-export bill of entry.
• When dealing with goods controlled by quotas, attach a copy of the Certificate of Origin or Visa Stamp.
• For vehicles, it is necessary to produce copies of traffic police clearance papers.
• Free Zone clients may utilise any of the UAE’s ports and airports for the movement of their goods in and out of the country, benefiting from customs duty exemptions.

License

Investors can obtain up to 100% ownership and operational licences under the following categories, according to their lease agreement with the authority:

Trading & General Trading License

Authorised to import, export, and re-export agreed and specified commodities. The licence entitles the investor to carry out import, export, and re-export freely in the free zone and outside the UAE. For focal distribution, the authority can arrange special permits with the relevant government departments for hassle-free operations.

Warehousing License

Can be obtained by leasing warehouse facilities. This licence entitles the investor to use the warehouse as a hub for major distribution, benefiting storage and packaging of goods.

Manufacturing License

For Fujairah Free Zone Company Formation, Obtained upon approval and implementation of the project. All stakeholders must ensure full insurance coverage for all projects, encompassing both manpower and machinery. All manufacturing licence approvals are subject to the identification of the following:

• Area requirements: built-up and open space
• Electricity, water, and manpower requirements
• Environmental aspects of the project