DET: 4690001 Medium Risk
General Trading
Flexi-Desk eligible
Fujairah Oil Industry Zone (FOIZ)
Fujairah Oil Industry Zone (FOIZ) is the premier hydrocarbon terminal and refining hub in the Middle East, hosting massive tank farms and deepwater oil jetties.
✓ 10–20 day license turnaround✓ Digital Bank 98% Approval✓ CBUAE framework
1. Key Freezone Specifications
- Licensing Authority
- Fujairah Oil Industry Zone (FOIZ) (FOIZ)
- Emirate
- FUJAIRAH
- License Issuance Timeline
- 10–20 working days
- Residence Visa Timeline
- 7–14 working days
- Virtual Desk / Flexi-Desk
- Not available
- Office Threshold
- Required only for 1+ visas
- Warehouses & Industrial Units
- Available on-site
- Paid-Up Share Capital
- 150,000 AED
- Annual Audit Requirement
- Mandatory
- Physical Presence Required
- 100% remote company incorporation. 1-day UAE visit required only for Emirates ID biometrics.
2. Cost Breakdown & Tariffs
No Hidden Fees| Cost Item | Purpose | Official Fee |
|---|---|---|
| Company Trade License | Corporate registration & 1-year Flexi desk lease | 38,000 AED |
| Establishment Card (Immigration Card) | Company immigration file registration with GDRFA/ICP for visas | 2,200 AED |
| Residence Visa (Entry Permit + Visa Stamping) | UAE 2-year residence visa government quota & approval | ~4,000 AED / visa |
| VIP Medical & Emirates ID | VIP Medical fitness test + Emirates ID card issuance (2 yrs) | ~1,200 AED / person |
Turnkey Package Estimates:
0 Visas
38,000 AED
Pure license for tax residency or remote contracts
1 Investor Visa
45,400 AED
License + Est. Card + 1 Visa + VIP Medical & EID
2 Residence Visas
50,600 AED
For 2 partners or founder + key employee
3. Banking Assessment & Onboarding
Digital Banking (Digital Bank) Standard
Tier 2: Standard digital compliance review
- • Timeline: opened in 3–7 working days
- • Multi-currency accounts (AED, USD, EUR, GBP) with zero minimum balance
- • Automated KYC verification via official freezone API
Traditional Tier-1 UAE Banks High Rating
Emirates NBD, Mashreq, FAB, ADCB
- • Opening timeline: from 2 weeks
- • Requires personal banker meeting and proof of residential address
- • Typical average balance requirement: 25,000–50,000 AED
4. Pros & Considerations
✓ Key Advantages
- • Global epicentre for hydrocarbon storage, bunkering, blending, and refining
- • Direct pipeline connections to the Abu Dhabi Crude Oil Pipeline (ADCOP)
- • Extensive deepwater VLCC (Very Large Crude Carrier) marine loading jetties
- • Top standing with global energy conglomerates and energy trade banks
! Important Considerations
- • Tailored strictly for enterprise oil, gas, petrochemicals, and bunkering operators
- • High share capital and complex environmental safety approvals required
5. Compatible Activities
Top business activities approved for licensing under Fujairah Oil Industry Zone (FOIZ)
Looking for another activity? Fujairah Oil Industry Zone (FOIZ) supports over 2,000 commercial and professional activities from the official DET classification. Contact us via WhatsApp for a tailored activity code confirmation.
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