Compare Fujairah Oil Industry Zone and Fujairah Free Zone for Petroleum & Petrochemical Trading setup. Side-by-side comparison of fees, processing times, substance, and bank approval.
Fujairah Oil Industry Zone vs Fujairah Free Zone for Petroleum & Petrochemical Trading: Fujairah Oil Industry Zone starts at AED 21,000 (83% bank approval) and Fujairah Free Zone at AED 21,500 (85%). On Year-1 cost, Fujairah Oil Industry Zone is the lower-priced option.
| Jurisdiction | Baseline Gov Fee | Processing Speed | Banking | Suited For |
|---|---|---|---|---|
| AED 21,000 | 5-10 days | Moderate | Specialised oil industry zone in Fujairah | |
| AED 21,500 | 2-4 days | Moderate | Low-cost setup, port access, industrial and trading activities |
Specialised oil industry zone in Fujairah
Petroleum extraction and refining are not qualifying free zone activities and are subject to the standard 9% corporate tax rate, plus potential additional levies under UAE petroleum legislation. Petroleum products supplied domestically attract 5% VAT.
Expansion of oil storage capacity beyond 70 million barrels with new tank farm developments
Sustainable Aviation Fuel (SAF) production facility announced in partnership with global energy firms
Fujairah government offering enhanced incentives for green energy and hydrogen projects
Port of Fujairah ranked as world's 2nd largest bunkering hub, driving zone growth
Company setup in Fujairah Oil Industry Zone starts from AED 21,000 per year.
Fujairah Oil Industry Zone processes company registrations in 5-10 working days.
Bank account approval probability is 83%. Banking difficulty is rated Moderate.
Most UAE free zones including Fujairah Oil Industry Zone allow remote company incorporation. Bank account opening may require an in-person visit.
Fujairah Oil Industry Zone does not require paid-up share capital for most standard license types. Share capital is notional.
Fujairah Free Zone wins on 3 of 4 dimensions. We recommend Fujairah Free Zone for cost-conscious founders and Fujairah Oil Industry Zone if specialised oil industry zone in fujairah.
Used the calculator to compare Meydan with five other zones — the Year 1 cost breakdown and banking scores made the choice clear in under 5 minutes.
Needed to see exactly what I was paying for at RAKEZ versus other zones. The itemized fee breakdown — license, visa, sponsorship — made the comparison transparent.
Wanted clarity on banking approval rates and substance rules by zone. The zone-specific banking data was something I couldn't find on any agent's website.
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