FreezoneMatch

Fujairah Oil Industry Zone

Fujairah Oil Industry Zone — Largest bunkering hub globally)

AED 25,000 /year 5-14 working days setup 15 visas

What is Fujairah Oil Industry Zone?

Highly specialized energy sector zone near Fujairah Port (2nd largest bunkering hub globally), focused on oil storage, bunkering, and petrochemicals.

Highly specialized energy sector zone near Fujairah Port (2nd largest bunkering hub globally), focused on oil storage, bunkering, and petrochemicals.

Key Features & Benefits

  • 100% foreign ownership
  • Strategic Gulf of Oman location
  • Outside Strait of Hormuz
  • Near 2nd largest bunkering hub globally
  • Energy and petrochemical focus

Pricing & Costs

From AED 25,000/yr

Year 1 costs, renewals, and multi-year discounts

Pricing

Fujairah Oil Industry Zone — Year 1 Fees

License Packages ⓘ

Contact for Pricing

AED 0/year
  • Contact the free zone directly for current license packages and pricing

💡 Multi-year licenses (2–3 years) are eligible for a 15–20% discount when paid upfront.

Government Immigration Fees ⓘ

Visa Costs every 2 years, per person

Renewal Fees ⓘ

Yearly
License Renewalⓘ AED 0 – 0

All prices are in AED and exclude 5% VAT where applicable. Prices may change — contact the FreezoneMatch team directly to confirm latest rates. (Prices last updated: 12 February 2026)

Setup & Documents

5-14 days

Step-by-step process, timeline, and required documents

Setup Roadmap

Your journey from application to fully operational business.

5–14 working days 100% Remote No Visit Required
📋
Step 1 1 day

Choose Business Activity

Select your business activity and license type from Fujairah Oil Industry Zone's approved list

📄
Step 2 1-2 days

Reserve Trade Name

Submit trade name application for approval

💳
Step 3 1-2 days

Submit Documents

Upload passport copies, application form, and supporting documents

✅
Step 4 1 day

Pay License & Registration Fees

Complete payment for license and registration fees to Fujairah Oil Industry Zone

🛂
Step 5 5-14 days

Receive Trade License

License issued after document verification and payment confirmation

🏦
Step 6 2-4 weeks

Apply for Visa & Open Bank Account

Submit visa application and business bank account opening

🎉

You're Open for Business!

Document Checklist

Everything you need to register your company with Fujairah Oil Industry Zone.

Individual Shareholders

5 documents

  • Valid passport (6+ months validity)
  • Passport-size photograph
  • Emirates ID (if UAE resident)
  • Proof of address (utility bill <3 months)
  • NOC from current sponsor (if applicable)

Corporate Shareholders

7 documents

  • Certificate of Incorporation
  • Memorandum & Articles of Association
  • Board resolution authorizing UAE setup
  • Valid passport of authorized signatory
  • Share certificate
  • Good standing certificate
  • Apostilled/attested documents (if outside GCC)
Good to Know
  • Passport copies must show at least 6 months validity from application date
  • Documents from outside the GCC may require apostille or attestation
  • Upload high-quality colour scans — minimum 300 DPI
  • Corporate documents should be certified as true copies

Banking & Payments

2/5 ease · 3 partner banks

Bank account opening, partner banks, and payment setup

Banking

Corporate bank account opening with guaranteed IBAN.

★★ ★★★ Challenging
3 Partner Banks
2-4 weeks Account Opening

Partner Banks

Emirates NBD

Major UAE bank with comprehensive business banking

Mashreq Bank

Digital-first banking with StartUp packages

RAKBANK

SME-friendly banking solutions

Documents Needed

Trade License
Certificate of Incorporation
Memorandum & Articles of Association
Passport copy of all shareholders
Emirates ID (if UAE resident)
Brief company profile
Proof of business activity (contracts, invoices)
3 months personal bank statement
Tips for Faster Approval
  • Apply to 2–3 banks simultaneously to maximise approval chances
  • Prepare a clear business plan explaining your revenue model
  • Have 3–5 sample contracts or invoices ready — even drafts work
  • Consider digital banks like Wio for faster approval and zero minimum balance
Independent Advice

Not sure if Fujairah Oil Industry Zone is right for you?

Talk to an unbiased FreezoneMatch advisor. We'll help you compare options, avoid hidden costs, and find the best fit — completely free.

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Why Fujairah Oil Industry Zone?

8 key advantages

Key advantages that set this free zone apart

Why Fujairah Oil Industry Zone?

What makes this free zone stand out.

⚡

5-14 Day Setup

Standard company formation timeline. Fully remote setup available — no office visit required.

🏦

3 Partner Banks

Banking rated 2/5 (Challenging). Account opening typically takes 2-4 weeks.

👥

Up to 15 Visas

2 years validity. Dependents allowed. Flexible allocation based on package.

💰

0% Corporate Tax

On qualifying free zone income (QFZP status). 100% foreign ownership with full capital repatriation.

🌍

Mainland Trading Access

Multiple pathways to the mainland market including DET Permit and branch licensing.

📍

Fujairah Location

Located near Fujairah Port, the world's second largest bunkering port, on the Gulf of Oman

🏢

Strategic Gulf of Oman location

A key advantage of setting up your business in Fujairah Oil Industry Zone.

🔧

Outside Strait of Hormuz

A key advantage of setting up your business in Fujairah Oil Industry Zone.

Best For
  • Oil Storage companies and businesses
  • Bunkering companies and businesses
  • Petrochemicals companies and businesses
  • Energy companies and businesses
Consider Alternatives If
  • Businesses seeking transparent, publicly available pricing
  • Businesses requiring a Dubai or Abu Dhabi address for prestige

Reviews

7 common questions

Customer reviews and alternatives

Is Fujairah Oil Industry Zone Right for You?

✅ Choose Fujairah Oil Industry Zone if you...

  • • oil Storage companies and businesses
  • • bunkering companies and businesses
  • • petrochemicals companies and businesses
  • • energy companies and businesses

🔄 Consider alternatives if you...

  • • businesses seeking transparent, publicly available pricing
  • • businesses requiring a Dubai or Abu Dhabi address for prestige

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FAQ

7 common questions

Common questions about setting up in this free zone

Frequently Asked Questions

Common questions about setting up in Fujairah Oil Industry Zone.

How much does it cost to set up in Fujairah Oil Industry Zone?
Pricing for Fujairah Oil Industry Zone is available upon request. Contact the free zone directly for a detailed quotation based on your specific business requirements.
How long does it take to set up a company in Fujairah Oil Industry Zone?
The standard setup process typically takes 5-14 working days, depending on document completeness and license type. Some zones offer expedited processing for an additional fee.
How many visas can I get with Fujairah Oil Industry Zone?
Visa allocation depends on your office space and package selection. Contact Fujairah Oil Industry Zone directly for details on visa quotas and costs.
Can I sell to mainland UAE customers with a Fujairah Oil Industry Zone license?
Free zone companies cannot directly sell to mainland customers without additional permits. You can obtain a DET permit, mainland branch license, or service agent agreement to access the mainland market. E-commerce sales are generally permitted with appropriate approvals.
Do I pay corporate tax in Fujairah Oil Industry Zone?
Companies classified as Qualifying Free Zone Persons (QFZP) benefit from 0% corporate tax on qualifying income. Non-qualifying income is subject to the standard 9% UAE corporate tax rate. Personal income tax remains 0%.
Do I need a physical office in Fujairah Oil Industry Zone?
Fujairah Oil Industry Zone requires a physical office lease. Flexi-desk or virtual office options are not available. Contact the free zone directly for available office spaces and pricing.
How do I open a bank account with a Fujairah Oil Industry Zone license?
After receiving your trade license, you can apply for a business bank account with any UAE bank. The process typically takes 2-4 weeks. Required documents include your trade license, certificate of incorporation, passport copies, and proof of business activity.
Independent Advice

Not sure if Fujairah Oil Industry Zone is right for you?

Talk to a FreezoneMatch advisor — we don't work for any freezone, so you'll get honest, unbiased guidance to find the best fit for your business.

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