Free Zones / FOIZ
Fujairah · Fujairah Free Zone Authority · Est. 2003
FOIZ is an energy free zone located adjacent to the Port of Fujairah, the world's second-largest bunkering port. Packages start from AED 21,000, supporting up to 10 visa allocations with moderate banking access. Spanning 12.8 million square meters with extensive crude oil and refined product storage facilities, FOIZ caters to energy traders, bunkering firms, oil storage operators, and refining companies seeking direct Indian Ocean shipping access.
From
AED 21,000
Year 1 (estimated)
Eligibility restricted
Highly specialized oil, gas and energy focus; extremely limited scope for non-energy businesses.
Quick facts
0 Visa (Virtual Office)
AED 21,000
— · Virtual Office · 0 visas
Renews at AED 20,000
Estimated
1 Visa (Small Warehouse)
AED 40,840
— · Small Warehouse · 1 visa
Renews at AED 39,840
Estimated
2 Visas (Standard Warehouse)
AED 50,680
— · Standard Warehouse · 2 visas
Renews at AED 49,680
Estimated
3+ Visas (Large Warehouse)
AED 60,520
— · Large Warehouse · 3 visas
Renews at AED 59,520
Estimated
Features
Mainland trading
Dual licence allowed
Forensic analysis
Substance
High
Audit risk
Moderate
Forensic ease
4/10
The Energy Giant; Specialized in Extractive vs. Non-Extractive Forensic Splits.
FOIZ is the epicenter of the UAE's downstream energy, bunkering, and oil storage strategy.
Go deeper — instantly with AI, or with a setup consultant.
How much does it cost to set up in FOIZ?
The cheapest published package for Fujairah Oil Industry Zone is 0 Visa (Virtual Office) at AED 21,000 for Year 1, renewing at AED 20,000. Costs scale with visa count, office type, and licensed activities.
Is banking easy to set up with a FOIZ licence?
Banking difficulty for FOIZ is rated "Moderate". Known banking partners include Emirates NBD, First Abu Dhabi Bank, Mashreq Bank.
Crypto-friendly
Shared ownership
Coworking available
Online portal
Audit required
Common pitfalls
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