Want to Start a Business in Fujairah Creative City? Here’s Our Guide

by commitbizadmin 29, Aug 2019

Want to Start a Business in Fujairah Creative City? Here’s Our Guide

Fujairah Creative City Free Zone was establishment in 2005 under the chairmanship of His Highness Sheikh Rashid Bin Hamad Al Sharqi. This free zone widely caters to the creative fields such as media, events, consulting, education, music, entertainment, communication, and marketing. It boasts a long-standing reputation as one of the most established free zones in the United Arab Emirates. Fujairah zone has an area of 40,000 sq. meters. It also offers high-end infrastructure and facilities fields of creativity. A large number of freelance professionals as well as companies under different genres – such as- TV producers, Media production, Training Institutes, Media services and more are a part of this exclusive free zones.

Benefits of Fujairah Creative City FZ

  • 100% repatriation of profits and capital
  • You need not be physically present in the UAE
  • 100% full foreign ownership
  • Tax-free UAE economy
  • No paid-up share capital or annual audit
  • No NOC required
  • Allocation of five UAE residency visas
  • Multiple service activities in a license
  • No need to submit any education certificates
  • Strategic geographical location

Activities Required in Fujairah Creative City FZ

  • Audio and Visual
  • Media and Marketing
  • Event Management and Consultancy
  • Film/Production/ and Post-production
  • Media support services
  • Information Technology
  • Education and Business Information
  • Broadcasting and New Media

Types of Licenses Available in Fujairah Creative City FZ

There are various types of licenses available in this zone. They are as follows-

  • Commercial License
  • Freelance License
  • Baby Business License

Procedure to Start a Business in Fujairah Creative City Free Zone

Creative City Free Zone provides licenses to individuals within a free economic zone. It controls and processes all government formalities, work permits and visas and simplified the process of a business startup. Providing a complete one-stop solution, this free zone offers customized services and business packages and ensures professional assistance to its business people during the business setup process. The steps to starting a company in Creative City FZ are as follows-

  1.  Select a trade name for your Fujairah Company. Remember that the trade name must not match the name of any existing companies in the UAE. It is strictly against the law. Once you select the name, register with the Fujairah Creative City Free ZoneAuthorities.
  1. Next, select a business entity which is suitable for your business. The different entities provided by the Fujairah free zone are-
  1. Free Zone Establishment
  1. Free Zone Company
  1. Branch of a foreign company
  1. Branch of a UAE company
  1. Once you select the corporate structure, in this step, you need to decide upon the business activity. This step will help you finalize your business license.
  1. Now is the time to file an application to register your business. To do so, fill in the details on the application form, gather all the documents (notarized and attested), attach it to the application and submit it to the authorities. The documents required are as follows-
  1. Passport copies and IDs of shareholders, directors, owners of the business
  1. Copy of your bank statement
  1. Detailed business plan
  1. Duly filled application form
  1. Payment of the necessary cost (payment to be made upfront, on approval of name and activity)
  1. Articles of Incorporation signed and attested
  1. The free zone authorities will review your application and approve/disapprove your request
  1. If approved, you can file an application for a business license
  1. After this, go on to look for office space and sign a lease contract
  1. Free zone authority will give you final documents as under-
  1. Certificate of Incorporation
  1. Business License

Voila!! You can now officially start your business in Fujairah Creative City Free Zone.

Regarded as the ‘Jewel of the Middle-East’, Fujairah is an excellent hub for business startups and tourists alike. Would you like to set up your venture here? If yes, then we at Commitbiz can help you with it. Our advisors have years of experience in this field and can make this process hassle-free. Contact us today- we’d be glad to assist you.