Fujairah Oil Industry Zone Business Setup
Looking to establish a thriving oil and gas-related business in the UAE? Fujairah Oil Industry Zone (FOIZ) offers unmatched opportunities for investors in storage, refining, trading, and logistics.
100% foreign ownership | Strategic location near the Port of Fujairah | Fast licensing & streamlined setup
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Fujairah Oil Industry Zone (FOIZ)
The Fujairah Oil Industry Zone (FOIZ) is a dedicated free zone that caters to the oil, gas, and petrochemical industries. Located adjacent to the Port of Fujairah—one of the world’s largest bunkering hubs—FOIZ provides unparalleled access to international markets, a deep-water port, and extensive infrastructure tailored for the energy sector.
Whether you’re planning to launch a refining operation, a storage facility, or an oil trading company, FOIZ offers a world-class platform for growth.
This zone is designed for:
- Oil refining companies
- Bunkering and trading businesses
- Petrochemical industries
- Storage and logistics operators
- Energy services and consultancy firms
Why Choose FOIZ for Your Oil and Gas Business?
Fujairah Oil Industry Zone is strategically positioned outside the Strait of Hormuz, ensuring uninterrupted access to global shipping routes.
Some key reasons why businesses prefer FOIZ:
- Close proximity to international shipping lanes
- Direct access to Fujairah Port for import/export
- Full repatriation of capital and profits
- No corporate or personal income tax
- Investor-friendly regulations with fast-track approvals
Tip: FOIZ is one of the few zones in the UAE that exclusively caters to the oil and gas sector, making it highly specialized for industry players.
Benefits of Setting Up in FOIZ
Setting up a business in the Fujairah Oil Industry Zone offers a host of advantages:
- 100% foreign ownership – Ideal for global investors.
- Zero customs duty on re-exports.
- Modern infrastructure with storage and pipeline connectivity.
- Multi-type license options (trading, storage, refining).
- No restrictions on foreign exchange or currency movements.
- Access to a skilled workforce and world-class support services.
Step-by-Step Guide to Business Setup in FOIZ
Starting your oil and gas business in FOIZ involves several steps, but with the right partner, the process is smooth and hassle-free.
For a more general guide on free zone setup, explore our Free Zone Business Setup in UAE.
Licenses Available for FOIZ Businesses
FOIZ offers several types of licenses to cater to the diverse needs of the oil and gas industry:
- Trading License – For trading petroleum products, lubricants, and chemicals.
- Industrial License – For refining, blending, or manufacturing.
- Service License – For consultancy, maintenance, or logistics services.
- Storage License – For fuel terminals, oil tanks, and related operations.
Cost of Business Setup in Fujairah Oil Industry Zone
The cost of setting up a company in FOIZ depends on your business activity, license type, and facility requirements. Below is an estimated cost table:
| Service | Estimated Range (AED) |
|---|---|
| Trade Name Registration | 1,000 – 1,500 |
| License Issuance (Trading/Service) | 10,000 – 15,000 |
| Industrial/Storage License | 15,000 – 25,000 |
| Office/Warehouse Lease | 20,000 – 50,000+ |
| UAE Free Zone Visa (per visa) | 3,500 – 5,000 |
| Bank Account Opening Assistance | 2,500 – 5,000 |
These are indicative costs. For a tailored quotation, contact Ideas Business Setup Expert.
For a more detailed cost analysis across all Emirates, visit Free Zone Business Setup Cost in UAE.
Documents Required for FOIZ Business Setup
To establish a company in FOIZ, you will typically need:
- Passport copies of shareholders and managers
- Business plan & company profile
- Proof of address for all shareholders
- Bank reference letter
- Memorandum of Association (MOA) & Articles of Association (AOA)
- No Objection Certificate (if applicable)
For a detailed guide, see our Documents Required for Free Zone Business Setup.
Comparison with Other Fujairah Free Zones
Fujairah hosts multiple free zones, each with its own focus:
- Fujairah Free Zone (FFZ): General trading, manufacturing, and services. Explore here → Fujairah Free Zone Business Setup
- Fujairah Creative City: Media, design, and creative services. Explore here → Fujairah Creative City Business Setup
- Fujairah Port Free Zone: Logistics, maritime, and shipping-related companies. Explore here → Fujairah Port Free Zone Business Setup
FOIZ stands apart for its dedication to oil, gas, and petrochemical industries, making it the go-to destination for energy sector investors.
Visas & Banking for FOIZ Investors
UAE Free Zone Visa
Business owners in FOIZ can apply for investor or employee visas. Learn more:
Bank Account Opening
Once your company is incorporated, you can open a corporate account with major UAE banks. Our Bank Account Opening for Free Zone Business guide provides a step-by-step breakdown.
Advantages of UAE Free Zones for Oil & Gas Investors
Setting up in a UAE free zone comes with many advantages beyond FOIZ:
- 0% corporate tax (in most activities)
- Strategic location connecting East & West
- State-of-the-art ports & logistics
- Investor-friendly policies for foreigners
Read more:
How Ideas Business Setup Expert Helps You
At Ideas Business Setup Expert, we specialize in helping oil and gas investors navigate the FOIZ company formation process. Our services include:
- License application & documentation
- Business planning and feasibility studies
- Office/warehouse leasing assistance
- UAE visa processing
- Corporate bank account setup
- Ongoing compliance and renewals
If you’re a foreign entrepreneur, see our full guide on Start a Business as Foreigner in UAE.
Fujairah Oil Industry Zone offers a strategic gateway for oil and gas investors looking to expand in the Middle East. From its world-class infrastructure to its tax-friendly policies, FOIZ is one of the most lucrative zones for energy-based businesses.
Ready to launch your oil business in FOIZ?
Contact Ideas Business Setup Expert today to start your journey with expert guidance, fast approvals, and a fully compliant setup.
Yes, depending on your license type, you must lease either a flexi-desk, office, or warehouse space to comply with the regulations.
FOIZ is designed exclusively for oil, gas, and petrochemical industries. This includes refining, storage, bunkering, trading, pipeline operations, and associated logistics or consultancy services.
Yes, foreign investors can enjoy 100% ownership of their company in FOIZ, with full repatriation of capital and profits, making it one of the most investor-friendly zones in the UAE.
Typically, the process can take anywhere from 2 to 4 weeks, depending on your business activity and documentation. With the right consultancy, such as Ideas Business Setup Expert, approvals are fast-tracked.
