We have discussed free zone and mainland concepts during our lectures. Among others we referred Jebel Ali Free Zone Area (JAFZA) for many examples. A similar kind of free zone is available in Fujairah and you have been approached by ABC to help them from the UAE customs perspective. ABC Trading Company ("ABC") is a 100% subsidiary of a Saudi based company which trades refined, liquid chemical and polymer products. ABC has a branch in Fujairah Free Zone ("FFZ") in UAE with a commercial license since 2015. The branch is an entity with no employees or an actual office. ABC is engaged with a third-party storage provider, to store its hydrocarbon products which are imported and exported out of the FFZ. Some blending activities are taking place in storage. ABC is currently analyzing its global operations and is considering several options to set up an overseas office. One of these options is to set up a separate legal entity in the FFZ with an office and its own employees. The FFZ is located in the northern Emirate of Fujairah adjacent to the port of Fujairah and is administered by FFZ Authority. The new legal entity in the FFZ will manage the storage of hydrocarbon products and arrange for ship-to-ship transfers globally. ABC has requested you to prepare a high-level set of slides outlining the benefits and implications of operating in a free zone from a customs duty perspective. Please consider the following points whilst preparing the slides (PPT): Customs registrations requirements to operate in the FFZ Import of goods into the FFZ from outside of the GCC ("Rest of the World" or "RoW") Import of goods into the FFZ from other GCC Countries Import of goods into the FFZ from the Mainland UAE area Export of goods from the FFZ to outside of the GCC (ROW) Export of goods from the FFZ to other GCC countries Export of goods from the FFZ to the Mainland UAE area Transfer of goods from the FFZ to other free zones in the UAE Transfer of goods within the FFZ to companies in the FFZ Purchase of services from outside of the GCC (RoW), within GCC, from the UAE Mainland area, and from within the FFZ We have discussed free zone and mainland concepts during our lectures. Among others we referred Jebel Ali Free Zone Area (JAFZA) for many examples. A similar kind of free zone is available in Fujairah and you have been approached by ABC to help them from the UAE customs perspective. ABC Trading Company ("ABC") is a 100% subsidiary of a Saudi based company which trades refined, liquid chemical and polymer products. ABC has a branch in Fujairah Free Zone ("FFZ") in UAE with a commercial license since 2015. The branch is an entity with no employees or an actual office. ABC is engaged with a third-party storage provider, to store its hydrocarbon products which are imported and exported out of the FFZ. Some blending activities are taking place in storage. ABC is currently analyzing its global operations and is considering several options to set up an overseas office. One of these options is to set up a separate legal entity in the FFZ with an office and its own employees. The FFZ is located in the northern Emirate of Fujairah adjacent to the port of Fujairah and is administered by FFZ Authority. The new legal entity in the FFZ will manage the storage of hydrocarbon products and arrange for ship-to-ship transfers globally. ABC has requested you to prepare a high-level set of slides outlining the benefits and implications of operating in a free zone from a customs duty perspective. Please consider the following points whilst preparing the slides (PPT): Customs registrations requirements to operate in the FFZ Import of goods into the FFZ from outside of the GCC ("Rest of the World" or "RoW") Import of goods into the FFZ from other GCC Countries Import of goods into the FFZ from the Mainland UAE area Export of goods from the FFZ to outside of the GCC (ROW) Export of goods from the FFZ to other GCC countries Export of goods from the FFZ to the Mainland UAE area Transfer of goods from the FFZ to other free zones in the UAE Transfer of goods within the FFZ to companies in the FFZ Purchase of services from outside of the GCC (RoW), within GCC, from the UAE Mainland area, and from within the FFZ
