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Formation checklist · Fujairah Free Zone

Setting up at Fujairah Free Zone

Fujairah·Tier 2·Year 1 from AED 10,300
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Your market-entry plan

Beta0 of 13 done

Built from your plan and profile plus Fujairah Free Zone's published data. Items our data can't verify say so — confirm those with the zone.

1

Document preparation

Ready
  • Prepare the identity pack for each shareholder: passport copies, photos, recent bank statements, proof of address, CVEvery application starts with the same identity documents — one set per shareholder.
  • AnswerAnswer this first: who are the founders?Founder facts tailor the document list — shareholding drives the incorporation forms.
2

Licence application

Ready

Typically runs alongside document preparation.

3

Residency visas

Waiting

Waiting on: Licence application

4

Bank account

Waiting

Waiting on: Licence application

  • Shortlist banks — Fujairah Free Zone lists partners: Fujairah National Bank (FNB), RAKBank, ADCB, Emirates NBDZone-partnered banks already know the licence type, which shortens KYC.
  • Prepare the bank KYC pack: licence copy, MOA, shareholder passports, 6 months of statements, proof of address, source-of-funds declaration, short business planBanks ask for the same core pack — having it ready compresses weeks of back-and-forth into days.
  • Plan for ~21 days of bank onboarding at Fujairah Free ZoneYou can't invoice or pay suppliers until the account opens — put it on the critical path.
  • Set aside the minimum balance — from AED 10,000 depending on bankFalling below minimum balance triggers monthly fees that quietly eat the licence savings.
5

After setup — compliance

Waiting

Waiting on: Licence application

  • Register the company for UAE Corporate Tax with the FTACorporate tax is 9% on profit above AED 375,000 — and Fujairah Free Zone's 0% QFZP route still requires registration.
  • Register for VAT — projected Year-1 revenue crosses the AED 375,000 mandatory thresholdRegistration is due within 30 days of crossing the threshold — late registration carries penalties.
  • Decide on an auditor early — Fujairah Free Zone doesn't mandate audits, but claiming 0% QFZP treatment needs audited financialsAudited statements are one of the QFZP conditions — skipping them forfeits the 0% rate.
  • Plan real presence — Fujairah Free Zone's economic-substance expectations are rated standard in our dataSubstance underpins regulatory filings and, in the UAE, the defensibility of free-zone tax treatment.
  • Diarise the licence renewal — about AED 5,000/yr Renewal is annual from the issue date — diarising it now is free insurance.

Business plan draft

BetaAI refinement — coming soon

Built around what UAE banks and zones actually ask — drafted from your plan and profile, with clear fill-yourself slots for everything we don't hold. A starting draft, not legal or financial advice; banks and zone authorities apply their own judgment.

Add your activity and a Year-1 revenue estimate first — the draft is only worth generating from real inputs. Set them in your 5-year cost plan (and your setup profile fills in founders and company details).

Total Timeline Summary

Document preparation1–5 days
Licence application2 business days
Visa processing10–21 days
Bank account opening21 days
Total to operational28 days

All-In Cost Summary

Year 1 licenceAED 10,300
Visa costs (per person, indicative)AED 2,670–4,570
Bank accountAED 10,000 min deposit
Year 1 total (1 person)AED 12,970–14,870 (indicative)
Year 2+ renewalAED 5,000/yr

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