New Freezone Incentives—Up to 30% Fee Reduction for Startup
Company Formation in FOIZ, Fujairah
21,000AED
From
2003
Established
18
Companies
10
Max Visas
Moderate
Banking
Business Overview
FOIZ Overview
What is FOIZ?
- Founded in 2003, the Fujairah Oil Industry Zone is an energy-focused free zone located on the east coast of the UAE
- Covers 12.8 million sq m with more than 70 million barrels of oil storage, close to the Port of Fujairah, ranked second-largest for bunkering globally
- Avoids the Strait of Hormuz, reaches the Indian Ocean directly and benefits from government incentives, making it a route into worldwide energy trade
Who should consider it?
- Refineries and oil storage operators
- Energy traders and bunkering firms
- Sustainable energy projects and maritime logistics
Visa Details
- Visa quota: up to 10, based on the size of the facility
- Processing: roughly 18 days, or 2-3 weeks through the Fujairah/Dubai immigration portal
- Renewal: AED 3,000 every 2 years
- Available visas: Investor, Employment, Partner, Dependent
- Visa fees: investor AED 3,500, employee AED 3,000, dependent AED 2,500; changing status within the country AED 1,500
- Emirates ID typing AED 390 · Medical (standard) AED 450
Banking
- Difficulty: Moderate
- Banks partnering with the zone: Mashreq Bank, First Abu Dhabi Bank, Emirates NBD
- With complete documents, allow 2-4 weeks; firms trading oil go through stricter due diligence
Features
- Shared ownership allowed: Yes
- Portal online: Yes
- Audit needed: Yes, and energy firms must also meet safety standards and file environmental reports
- Not available: co-working, crypto, dual licensing, trading on the mainland, a free zone to mainland route, or a required physical office
Share Capital
- Around AED 500,000 (estimate), in line with the industrial size of the operations
Latest Updates
- New tank farms are pushing storage capacity past 70 million barrels
- Plans announced with international energy companies for a plant producing Sustainable Aviation Fuel (SAF)
- Stronger incentives from the Fujairah government for hydrogen and green energy projects
- Zone growth is driven by the Port of Fujairah, ranked second-largest for bunkering globally
Freezone Cost Calculator
Estimate Your Setup Cost
Why FOIZ?
Why FOIZ Stands Out
Huge Storage Capacity
The zone holds 70+ million barrels of oil storage, and more capacity is being added.
Well-Placed Location
Sitting on the east coast, it reaches the Indian Ocean directly and avoids the Strait of Hormuz.
Bunkering Centre
Neighbours a port that ranks second worldwide for bunkering, so vessels can be served directly ship-to-shore or ship-to-ship.
Official Incentives
The Fujairah government grants customs duty exemptions and lower land lease rates.
Clean Energy Expansion
A widening pipeline of SAF and renewable projects supports the UAE clean-energy strategy.
Room to Grow
Covering 12.8 million sq m, the zone can accommodate industrial operations at scale.
Packages & Pricing
FOIZ Pricing & Packages
0 Visa (Virtual Office)
Virtual office · Licence AED 15,000 · AED 20,000 on renewal.
0 visas
1 Visa (Small Warehouse)
Small warehouse · Licence AED 15,000 · AED 39,840 on renewal.
1 visa
2 Visas (Standard Warehouse)
Standard warehouse · Licence AED 15,000 · AED 49,680 on renewal.
2 visas
3+ Visas (Large Warehouse)
Large warehouse · Licence AED 15,000 · AED 59,520 on renewal. Government-subsidised rates may apply to leases signed for the long term (10+ years).
3+ visas
Watch Out For
Points to Weigh Up Before Picking FOIZ
Have Questions?
Common Questions
Grow Your Business With Tailored Free Zone Business Packages
Explore More
Explore Similar Free Zones
Creative City Fujairah
Among the lowest-cost free zones in the UAE, designed for IT, consulting, media and creative firms, offering up to 15 visas and freelancer licences starting at AED 10,000.
- AED 10,000 upwards
- Set up remotely
- Up to 15 visas
DAFZA
DAFZA Free Zone is a leading business hub in Dubai, offering a strategic location, modern infrastructure, and business-friendly regulations. It provides companies with opportunities for trade, logistics, technology, and other international business activities, along with streamlined company setup and licensing services.
- Next to Dubai Airport
- 24-hour customs
- Up to 20 visas
Dubai Science Park
A Dubai free zone designed specifically for research, science and technology, providing offices, labs and R&D space to tech, healthcare and biotech companies. Prices start at AED 18,540.
- Starting at AED 18,540
- On-site labs
- Backed by TECOM
