Established in 2007, Fujairah Creative City is one of the fastest growing free zones in the MENA region. It was introduced to be a more affordable alternative to Dubai Media City free zone. Over the years, the jurisdiction has been growing increasingly popular for investors. This is because of the convenience of setting up a company in the free zone.

 

Not only is Fujairah Creative City one of the most economical free zones but it is also one of the few jurisdictions in the UAE that requires the least amount of documentation and effort to start a business.

 

The free zone offers media-centric facilities for SMEs as well as sole entrepreneurs. A large number of freelance professionals as well as companies under different genres. These include TV producers, media production, training institutes, media services, editing studios and more are a part of this free zone. It is also one of the few free zones in the UAE that gives entrepreneurs the option to have a virtual office instead of physical office space.

 

Steps to set up your business in Fujairah Creative City free zone

1- Determine the type of license and business activities
2- Determine the type of corporate structure
3- Application and submission of all required documents

 

You will need to acquire the following:

• Immigration card
• Entry permit
• Stamping, medical test, and Emirates ID

 

It is also a requirement to submit the following documents:

• Passport copy
• Visa copy
• EID copy (if applicable)
• Passport sized photograph
• Business Plan

 

Depending on the opted activities, you may need to submit additional documents.

4- Select the most suitable office space
5- Open a bank account

 

Legal structures permitted

• Free Zone Establishment (FZE)
• Free Zone Company (FZ LLC)

Benefits of company formation in free zone

• 100% foreign ownership of the company
• No personal, income, or corporate taxes
• Full repatriation of capital and profits
• Strategic location boosting opportunities
• Simple and quick set up process
• World-class infrastructure
• Low set up costs

 

Business licenses and visa options offered at Creative City

• Commercial license
• Freelancer license

 

Fujairah Creative City license cost starts from approximately AED 12,000. It is also a free zone preferred by freelancers due to the quick process for acquiring a freelancer permit and the vast availability of activities to choose from.

 

Creative City in Fujairah is one of the few free zones in the UAE that offers the best visa options. It offers cost-effective solutions to those who require visas. It also enables investors to obtain up to 20 visas under a single trade license. Additionally, the company can be formed without the need for visas for the investors and staff members.

 

Activities permitted

 

The various activities permitted in Fujairah Creative City free zone are as follows:

• Broadcasting
• Media & Marketing
• Publishing
• Event Management
• Media Support Services
• Consultancy
• New Media Services
• Business Information
• Production
• Music & Entertainment
• Information Technology
• Design
• Education

 

Some activities such as broadcasting would require the investor to acquire pre-approval from the free zone authorities.

 

Facilities offered at the free zone

• Flexi desk
• Executive offices

The services that come with these facilities include:

• Meeting room access
• Fast speed internet access
• Printing and copying services
• Receptionist
• Maintenance and cleaning

All facilities are located within the Fujairah Creative City free zone.

 

License renewal process

The renewal process of businesses in Fujairah Creative City is a highly cost-effective and simple process. You will be required to submit an audit report starting from the second renewal of your company on an annual basis.

 

In order to complete the renewal process, you will need to pay the renewal fee and submit the signed lease agreement of your facility. An advantage is that your physical presence in the UAE is not required for renewal and can be completed through an agent.

 

Business liquidation process

Similar to renewal, company liquidation also does not need the physical presence of the owner and can be accomplished through an agent. You will be required to pay a government fee to complete the liquidation process.

 

Company liquidation takes about 1 month to be completed and involves the following steps:

• Cancellation of visas
• Termination of lease agreement
• Closure of bank account

 

To find out more about various options for Fujairah Creative City business setup contact Shuraa — one of the best business setup companies in Dubai. Shuraa helps solve your business-related queries and offers you solutions best suited to your company formation in the UAE.

 

To get started on your business journey and find out more, contact our expert consultants at +97144081900 or send a WhatsApp message on +971507775554. You can also drop in an email at enquiry@shuraa.com and get your queries answered in no time.