Steps You Need to Take for a Successful License Procedure
Step 1: Call Up a Business Setup Consultancy Firm
It is better to seek for an assist when it comes to conducting a business set up in Fujairah. There are a lot of procedures to be done, and this depends on what kind of license is needed for your company. Because of this, it is always advisable to conduct a business set up in UAE with the aid of business setup consultants in UAE.
Step 2: Prepare the Needed Documents
- Filled license application form
- Owners and person-in-charge’s passport copies in colour (residence page or UAE entry stamp)
- Business Activity
- Other documents as requested
Step 3: Initial Approval/Invoicing
Initial approval will be sent to your email after the assessment of the documents and approval of the chosen company name. We will also send the invoice for payment.
There are nationalities that are advised to have license pre-approval be applied before business setup. If this is the case for you, we will surely advise you beforehand.
Step 4: License Fees and Issuance of License
The issuance of the license will be taken care of after the license fees are paid for. This will take a few days at best.
Step 5: Document Distribution
Original documents can be collected from us after the license is issued.
- Trade Licence
- Certificate of Incorporation
- Shares Certificate
- Articles of Incorporation/MOA
- Office Lease Agreement
It should be noted that you need to sign the sets of MOA in front of an officer, and a copy will then be given to the Creative City office.
Step 6: Company Bank Account
You can open a company bank account anytime you want once you have received all the necessary documents. We are connected to many local and international banks situated in the UAE, so we can assist you with this as well.
Step 7: Establishment Card and Visa
We will process the establishment card for your company. This will also take a few days or more than a week.
Visas can then be applied once we the establishment card has been issued. Visas are on the company sponsorship.
What is Fujairah Creative City?
Fujairah Creative City Free Zone was launched in 2007 to add to the media hubs in the country with the likes of Dubai Media City and twofour54.
One of the Media Hubs in UAE
Fujairah Creative City Free Zone is structured to have an environment for businessmen who are looking to venture in media, music and entertainment, events, communication, and marketing, etc.
This kind of free zone helps entrepreneurs to make their name in the UAE especially when they are branching out from another country or starting up as a new one. For this reason, many have ventured into the business set up in Fujairah Creative City.
Top-of-the-line Infrastructure and Facilities
It has all the requirements that can facilitate media companies in order to successfully operate inside their location. Since each media area has their own requirements, Fujairah Creative City ensures to meet each of them.
Space for Media Companies
It has 40,000 sq. meters of land area. Because of this, they are able to house a number of organizations and even freelancers. These people are those who are looking to have their creativity be established.
List of Benefits in Fujairah Creative City
Just like any other free zone in the UAE, it boasts many benefits when it comes to it. The following are the benefits that can be obtained in the free zone:
- Fast Releasing of Trade License
- No Office Space Needed
- Low start-up cost
- 100% foreign ownership
- No paid-up share capital or annual audit
- Tax-free UAE Economy
- 100% Profits Repatriation
- Prestigious Dubai Address
- Assistance with bank account opening
- Allocation of five UAE residency visas
Leading Business Setup Consultants in UAE
There are procedures that should be carefully followed when it comes to business setup in Fujairah Creative City. Even if this is the case, it is easily handled when you have experts on your side.
FAR Consultants is composed of excellent and experienced business setup consultants in Dubai. We have been helping a lot of businessmen with their business setup and other concerns in their companies for 35 years now.
Our information and data that we can provide to you are all updated as we are on the loop with the latest news and updates from the government. If you are still in the planning stage of venturing into a business set up in Fujairah Creative City, we can help you to make your final decision. We will provide you with the data that you may need to carefully decide.
We can discuss the concerns that you may have with regard to your plans of business set up in Fujairah Creative City. We offer a free consultation that you can book now.