Established
1987
Companies
Over 200 companies
Location
Fujairah
About FOIZ
Fujairah Oil Industry Zone (FOIZ) is a specialized free zone dedicated to oil, gas, and energy-related industries. Located strategically on the UAE's east coast with direct access to international waters, FOIZ offers comprehensive facilities for oil storage, refining, petrochemicals, and energy trading companies. The zone provides world-class infrastructure including deep-water ports, pipeline connections, and state-of-the-art storage facilities.
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Key Industries
Ideal For
License Types & Costs
Trading License
For companies engaged in oil, gas, and petroleum products trading
Starting from
25,000
AEDActivities Allowed
Import, export, and re-export of oil and gas products
Industrial License
For manufacturing and processing activities in oil and petrochemical sectors
Starting from
35,000
AEDActivities Allowed
Manufacturing, refining, and processing of petroleum products
Service License
For companies providing services to the oil and energy industry
Starting from
20,000
AEDActivities Allowed
Consulting, maintenance, and support services
Processing Time
5-7 working days
Annual Renewal
Same as initial license fee
Validity
1 year, renewable
Need help choosing the right license type?
Our experts can guide you through the licensing options and help you select the best fit.
Visa Information
Available for shareholders, directors, and employees of licensed companies
2 visas
Desk Space
4 visas
Small Office
8 visas
Medium Office
15 visas
Large Office
25 visas
Warehouse Facility
Estimated Costs
Costs vary based on license type, office space, and number of visas required. Additional fees may apply for specialized facilities.
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Request a personalized quote tailored to your specific business needs.
Pros & Cons
Advantages
- Specialized infrastructure for oil and energy industries
- Strategic location with direct access to international waters
- Proximity to Port of Fujairah, a major bunkering hub
- 100% foreign ownership allowed
- No corporate or personal income tax
- Streamlined customs procedures for oil products
- Access to world-class storage and handling facilities
- Strong government support for energy sector
- Established network of energy industry players
Considerations
- Limited to oil and energy-related activities only
- Higher setup costs compared to general free zones
- Specialized nature may limit business diversification
- Requires industry-specific expertise and compliance
Frequently Asked Questions
Why Choose FOIZ?
Best For
- Oil and gas companies
- Energy trading businesses
- Petrochemical manufacturers
- Marine fuel suppliers
- Energy storage providers
Not Ideal For
- General trading companies
- Technology startups
- Service-based businesses
- Retail operations
- Non-energy industries