Business Setup in Fujairah Creative
City Free Zone
Fujairah Creative City Free Zone Company Formation
Established in 2007, Fujairah Creative City has rapidly emerged as one of the most swiftly expanding free zones within the MENA region. Originally conceived as a more cost-effective alternative to the Dubai Media City free zone, it has garnered increasing popularity among investors over the years due to its streamlined business setup process.
Fujairah Creative City stands out as one of the most budget-friendly free zones. It distinguishes itself as one of the UAE’s jurisdictions demanding minor documentation and effort for initiating a business. This ease of establishment has contributed significantly to its appeal to entrepreneurs.
Catering to both SMEs and individual entrepreneurs, Fujairah Creative City provides media-centric facilities. Many freelance professionals and companies spanning various genres, including TV producers, media production entities, training institutes, media services, editing studios, and more, have found a home in this dynamic free zone. Notably, it offers entrepreneurs the unique option of opting for a virtual office over a physical office space, setting it apart from other free zones in the UAE.
Business Setup Procedure in Fujairah Creative Freezone
Here is quick steps on business setup in Fujairah:
- Identify your intended business activity within the zone, as this decision will streamline subsequent efforts.
- Determine your shareholder status—whether you are a sole proprietor or collaborating with a business partner. Additionally, assess your staffing requirements, which influence the visa application process. Your responses to these inquiries also impact the overall cost of your business setup.
- Prepare and gather the necessary documents, then submit them to the relevant authority for license acquisition. This crucial step marks the formal initiation of the business setup process.
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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.
- Select the most suitable office space
- Open a bank account
Legal structures permitted
- Free Zone Establishment (FZE)
Benefits of company formation in the Free Zone
The following are the benefits of company formation in Free Zone:
- 100% foreign ownership of the company
- No personal 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
The business license cost for setting up a Fujairah Creative City Free Zone Company starts at AED 15,000*. This free zone stands out as a top choice for freelancers, attributed to its expedited freelancer permit application process and various available activities.
Fujairah’s Creative City distinguishes itself among UAE-free zones by providing optimal visa options. It presents affordable visa solutions and allows investors to secure up to 20 visas under a single trade license. Furthermore, forming a company within this free zone does not necessitate tickets for investors and staff members, offering an additional convenience layer.
Activities permitted
The various activities permitted in the Fujairah Creative City free zone are as follows:
- Broadcasting
- Media & Marketing
- Publishing
- Event Management
- Media Support Services
- Consultancy
- Broadcasting
- Media & Marketing
- Publishing
- Event Management
- Media Support Services
- Consultancy
- New Media Services
- Business Information
- Production
- Music & Entertainment
- Information Technology
- Design
- Education
- 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.
Business License Renewal Procedure
The business license renewal process in Fujairah Creative City is both straightforward and economically efficient. Commencing from the second renewal onward, an annual submission of an audit report becomes a requirement.
To successfully renew your license, you must remit the renewal fee and furnish your facility’s duly signed lease agreement. Notably, the renewal process offers the advantage of not mandating your physical presence in the UAE; it can be efficiently handled through an authorised agent.
Business liquidation process
Similar to renewal, company liquidation also does not need the owner’s physical presence and can be accomplished through an agent. You must pay a government fee to complete the liquidation process.
Company liquidation takes about 1 month to complete and involves the following steps:
- Cancellation of visas
- Termination of lease agreement
- Closure of bank account
Partnering with Shuraa Business Setup:
For comprehensive insights into diverse Fujairah Creative City business setup options, connect with Shuraa—an esteemed business setup firm in Dubai. Shuraa specialises in addressing your business concerns and tailoring solutions perfectly aligned with your UAE company formation needs.
Undertake on your business venture today! Contact our adept consultants at +97144081900 or send a WhatsApp message to +971507775554. Alternatively, you can swiftly inquire via email at [email protected] and receive prompt answers to your queries.
Frequently asked questions about Fujairah Creative City Free Zone
You can renew your license remotely using a registered agent with an authorisation letter and renewal fees.
Getting your license to start your business takes less than a week.
No, you have 100 % ownership and are not required to have a local partner to start your company.
Transferring your company from one free zone to another is impossible. You can, however, set up a branch of your existing company in a different free area.
If you want to have your company in a different free zone, you must liquidate your company in the current free site and then open your company in a different free area.
