Free Zones in the UAE - PKF International

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FUJAIRAH FREE ZONE [FFZ] Fujairah Free Zone was formed under Law No. 6 of 1987 of the Emirate of Fujairah. Fujairah Free Zone is adjacent to the Port of Fujairah. Companies established there have easy access to all Arabian Gulf ports. Fujairah Free Zone is also close to Fujairah International Airport which is the only airport serving the UAE East Coast as well as Northern Oman. The Port of Fujairah is adjacent to the Free Zone. Investors have easy access to all Arabian Gulf ports. Features • Multi-access to neighboring and global markets by land, sea and air. • Efficient and cost-effective investment facilitation. • Served by Fujairah Port and the Fujairah International Airport. • Lease period upto 15 years. • Type of company activities include manufacturing, processing, assembling, packaging, import/export, distribution, storage services. Form of registration • As a branch of a foreign company - no minimum capital required. • As a branch of a UAE company - no minimum capital required. • As a Free Zone Company (FZCO) - minimum share capital is AED 150,000. • Free Zone Establishment (FZE) - minimum share capital is AED 150,000. Facility costs and type of license Facility Size Cost in AED per annum Offices 15 - 35 sq.mts 890 -1700 per sq.mts Flexi Desk Varies 15,000 Virtual Office Varies 12,000 Factory/Warehouse 300 sq.mts onwards 225 per sq.mts approx Land Min. 250 sq.mts 15 per sq.mts onwards FZE Registration Fee AED 5,000 (one time fee) Type of License Cost in AED per annum Industrial 5,000 68Commercial PKF - Free Zones in the UAE - Free Zones 2,500 in Sharjah and the Northern Emirates Service 5,000
Flexi Desk Varies 15,000 Virtual Office Varies 12,000 Factory/Warehouse 300 sq.mts onwards 225 per sq.mts approx Land Min. 250 sq.mts 15 per sq.mts onwards FZE Registration Fee AED 5,000 (one time fee) Type of License Cost in AED per annum Industrial 5,000 Commercial 2,500 Service 5,000 General trading 15,000 Real Estate Investment 40,000 - 45,000 Real Estate Investment & Development 50,000 • These figures are indicative and subject to change FUJAIRAH MEDIA ZONE (FM ZONE) / CREATIVE CITY Fujairah is the latest Emirate to make its mark on the media map of the country with its “Creative City”, a fast growing media hub luring in aspiring media professionals and companies. Fujairah Media Inc.(FMI) was established as a broadcasting organisation for the Emirate of Fujairah which is also known as Fujairah Media (FM). FM is a joint venture between Fujairah Cultural Authority and Arab International Media Services FZLLC. Inspired by visionary leadership and armed with a creative mission, the FM have seven creative zones and each zone has been planned keeping in mind the services and features required for the respective activities. The creative zones are as follows: Audio/Visual Training Theatrical arts Design Technology Cinema Publishing The Free Zone is proposed to be a 200,000 square meter complex and is located alongside Fujairah highway connecting to Emirates road. The first phase of the Creative City is under construction and is expected to be ready by the 4th quarter of 2009. Currently the FM authority is issuing licenses by providing office facilities at the prominent Fujairah tower. PKF - Free Zones in the UAE - Free Zones in Sharjah and the Northern Emirates 69
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Accountants & business advisers Fre
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Free Zones in the United Arab Emira
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Contents Preface 1 PKF in the UAE 3
Page 7 and 8:
Preface The globalisation of trade
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PKF in the UAE PKF UAE is a member
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JEBEL ALI FREE ZONE Lease Office Bu
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Introduction The United Arab Emirat
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Economy The UAE economy has been tr
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GDP (AED in billions) (Estd) 2005 2
Page 19 and 20:
Jebel Ali Offshore The announcement
Page 21 and 22:
Ras Al Khaimah Offshore Similar to
Page 23 and 24: Free Zones in the UAE The Free Trad
Page 25 and 26: Given hereunder are the various Fre
Page 27 and 28: FREE ZONES IN DUBAI PKF - Free Zone
Page 29 and 30: Types of Licenses Cost in AED per a
Page 31 and 32: • Worker accommodation ( as per a
Page 33 and 34: Facility costs and type of license
Page 35 and 36: The DMC is fully supported by the G
Page 37 and 38: with excellent networking opportuni
Page 39 and 40: e considerably reduced, as they can
Page 41 and 42: Facility costs and type of licenses
Page 43 and 44: Form of registration As a branch of
Page 45 and 46: ENERGY AND ENVIRONMENT PARK (Enpark
Page 47 and 48: The park will be built in several p
Page 53 and 54: Type of License Cost in AED per ann
Page 55 and 56: • Online customer service (e-Serv
Page 59 and 60: Office Min 50 sq.mts 2,300 per sq.m
Page 61 and 62: • Dealing with an individual clie
Page 63 and 64: community and relocating to new fac
Page 65 and 66: or custom designed facilities for d
Page 67 and 68: • Tap into the creative and innov
Page 69 and 70: FREE ZONES IN SHARJAH AND THE NORTH
Page 71 and 72: Land Min. 2500 sq.mts 50 - 100 per
Page 73: Features • Economical wage struct
Page 77 and 78: Forms of registration • Branch (p
Page 79 and 80: The Al Hamra Development, located a
Page 81 and 82: including teleport facilities for u
Page 83 and 84: FREE ZONES IN ABU DHABI PKF - Free
Page 85 and 86: The creation of ADAFZ is driven by
Page 87 and 88: comprehensive range of media discip
Page 89 and 90: About PKF PKF International PKF Int
Page 91 and 92: PKF International AFRICA Angola, Ca
Page 93 and 94: PKF UAE Publications As part of the
Page 95 and 96: ANNEXURE A Useful Contact Numbers P
Page 97 and 98: ANNEXURE B List of UAE Tax Treaties
Page 99 and 100: • The Government of The People’
Page 101 and 102: Notes PKF - Free Zones in the UAE -
Page 103: Although the greatest possible care
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