Fujairah · Fujairah Free Zone Authority · Est. 2003
FOIZ is an energy free zone located adjacent to the Port of Fujairah, the world's second-largest bunkering port. Packages start from AED 21,000, supporting up to 10 visa allocations with moderate banking access. Spanning 12.8 million square meters with extensive crude oil and refined product storage facilities, FOIZ caters to energy traders, bunkering firms, oil storage operators, and refining companies seeking direct Indian Ocean shipping access.
Fees last checked · Licensing authority: Fujairah Free Zone Authority. Fees change, so confirm the current amount with the authority before you pay.
From
AED 21,000
Year 1 (estimated)
Eligibility restricted
Highly specialized oil, gas and energy focus; extremely limited scope for non-energy businesses.
Quick facts
0 Visa (Virtual Office)
AED 21,000
— · Virtual Office · 0 visas
Renews at AED 20,000
Estimated
1 Visa (Small Warehouse)
AED 40,840
— · Small Warehouse · 1 visa
Renews at AED 39,840
Estimated
2 Visas (Standard Warehouse)
AED 50,680
— · Standard Warehouse · 2 visas
Renews at AED 49,680
Estimated
3+ Visas (Large Warehouse)
AED 60,520
— · Large Warehouse · 3 visas
Renews at AED 59,520
Estimated
Physical office/warehouse required for visa-enabled packages; long-term leases (10+ years) may qualify for government-subsidized rates. Visa renewal cost (AED 3,000) recurs every 2 years.
Features
Mainland trading
Dual licence allowed
Crypto-friendly
Shared ownership
Coworking available
Online portal
Audit required
Tax and compliance analysis
Substance
High
Audit risk
Moderate
Forensic ease
4/10
The Energy Giant; Specialized in Extractive vs. Non-Extractive Forensic Splits.
FOIZ is the epicenter of the UAE's downstream energy, bunkering, and oil storage strategy. For 2026, the primary forensic challenge is 'Revenue Stream Characterization.' Under Decree-Law 47, revenue from 'Extractive Activities' is subject to localized Emirate-level taxation, whereas downstream processing, blending, and international wholesale trading can qualify for the 0% QFZP corporate tax rate. Entities must execute strict forensic accounting segregation to avoid total pool disqualification.
Specific Oil Law overrides apply. Statutory nexus is defined by the intersection of Federal Decree-Law 47 (Article 2) and local Fujairah energy decrees. Requires specialized bunkering-bill audits.
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Tax and compliance
FOIZ tax status and QFZP rules →
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How much does it cost to set up in FOIZ?
The cheapest published package for Fujairah Oil Industry Zone is 0 Visa (Virtual Office) at AED 21,000 for Year 1, renewing at AED 20,000. Costs scale with visa count, office type, and licensed activities.
Is banking easy to set up with a FOIZ licence?
Banking difficulty for FOIZ is rated "Moderate". Known banking partners include Emirates NBD, First Abu Dhabi Bank, Mashreq Bank.
How many visas can I get with a FOIZ licence, and what do they cost?
FOIZ allows 5 visas per desk. Published packages include up to 3 visas (3+ Visas (Large Warehouse), AED 60,520 for Year 1). A dependent (family) visa costs about AED 2,500. Visa renewal cost (AED 3,000) recurs every 2 years.
How much is the FOIZ licence renewal each year?
Annual renewal runs from AED 10,000 to AED 22,000, depending on the package, office and visa count.
What is the minimum share capital in FOIZ?
FOIZ sets no minimum share capital for a standard company, though some activities and entity types carry their own requirement.
Do I need a physical office in FOIZ?
Physical office/warehouse required for visa-enabled packages; long-term leases (10+ years) may qualify for government-subsidized rates. The smallest office we hold for FOIZ is 50 sq m.
Can a FOIZ company trade on the UAE mainland?
Not directly. A FOIZ company trades inside the zone and abroad; selling to mainland customers usually needs a distributor or a separate mainland licence.