Fujairah is one of the seven emirates that make up the United Arab Emirates, and the only one of the seven that has a coastline solely on the Gulf of Oman and none on the Persian Gulf.
In 1902, Fujairah entered into treaty relations with Britain, becoming the last of the emirates to join the Trucial States. On 2 December 1971, Fujairah joined the United Arab Emirates. Fujairah is also home to the oldest mosque in the United Arab Emirates, which was built in 1446 of mud and bricks.
Fujairah has two free zones: Fujairah Free Zone and Creative City Fujairah.
Fujairah Free Zone (FFZ)
FFZ is adjacent to the Port of Fujairah. Companies established here have easy access to all Arabian Gulf ports, the Red Sea, Iran, India and Pakistan on weekly feeder vessels. Mainline services arrive from Northern Europe, the Mediterranean, Far East and North America on a weekly basis, and services leave twice weekly to the Far East and once a week to North America. FFZ is also close to Fujairah International Airport which is the only airport serving the UAE East Coast as well as northern Oman.
A fortunate combination of geographic location, with access to world's major shipping routes, a fine port & airport, and streamlined procedures, makes FFZ an ideal place for business.
FFZ offers a unique Connectivity - logistic link to the world; by air through Fujairah International Airport, by sea through Fujairah Sea Port, and by road to Middle East & beyond. Investors benefit by way of faster transaction, accruing due to shorter delivery times. Fujairah Free Zone offers an unmatched Economy - cheaper tariffs, and minimum start up time. Licenses can be issued within one working day. Reduced establishment expenses, and lower overheads, make FFZ a very cost effective investment proposition.
Creative City Fujairah
Following the royal decree number 4 of His Highness Sheikh Hamad Bin Mohammed Al-Sharqi, in the year 2007 under the administration of Fujairah Culture and Media Authority whose chairman is His Highness Rashid Bin Hamad Al-Sharqi, a new business park was launched in the Emirate of Fujairah called Creative City operated by Fujairah Media.
Creative City creates an environment for individuals and businesses working in the media, consulting, communications, design and technology fields. Creative City complements existing media clusters in the region and further facilitates creativity in all fields.
Legal tax ramifications
Some European countries now have tax policies in place which do not allow for offshore invoices as legitimate expenses to reduce the company’s tax burden. Opening a free zone establishment (commercial company) will allow you to maintain the cost effectiveness of the offshore company structure, while retaining the benefits of the valid tax deduction from an onshore company. Creative City offers the perfect solution for this with its commercial license. A commercial license does not provide for visas, but does allow the structure of the onshore entity and the company bank account without the added expense of physical space and other related office expenses.