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Business Setup In Fujairah Creative City Free Zone

Business Formation in Creative City Free Zone

There are a lot of UAE free trade zones that have been helping the UAE to have its economy soar even more. In 2007, Fujairah Creative City Free Zone or Fujairah creative free zone, which is also near to Fujairah Sea Port, was launched adding to the media hubs in the United Arab Emirates (UAE), which includes Dubai Media City and twofour54. It’s another business hub, but it caters to smaller businesses to aid them in establishing a name or find a new location for their company that is already established somewhere.

Fujairah Creative City Free Zone has an environment specifically for business owners who fall into the category of media, events, consulting, education, communication and marketing, music and entertainment, etc. It is made to facilitate all media areas to ensure the needs they require are met exactly as how they should be. This is why business setup in Creative City Fujairah has been a known place to carry out a business setup in UAE.

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  • Following industries you can setup in Creative City Free Zone

    We covers all the following industries, even if your industry not in list you can consult with us we can help you setup.

  • Benefits of Business Setup in Creative City Free Zone

    For more than 10 years now, Creative Free Zone Fujairah has been driving more and more investors into the country with its unique take on establishing a broad spectrum of media companies.

    Cost effectivity

    This free zone is basically considered as one of the best locations for businessmen to go to. Entrepreneurs are encouraged to build their organizations in this place as they are ensured that operations will be smoother. Besides that, companies in Creative City were built without any share capital requirement. There is also exemption from the annual audit that some free zones demand from business owners. To add to these benefits, the following are listed below:

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  • Fujairah creative city Business Setup Requirements & Procedure

    Requirements for Fujairah creative city free zone company registration

    • Proof of trade name reservation (our firm’s task)
    • Proof of initial approval for the activities (our firm’s task)
    • Passport copies of the shareholders
    • Passport copy and CV (resume) of the manager
    • Personal information sheet of each shareholder and manager (template will be forwarded by our firm)
    • Lease agreement (documents)—having a physical address for your business/office is mandatory in the UAE. The rent on average within the free zone area is USD 25 up to USD 45 per sq. ft. (USD 225 up to USD 400 per sq. m.). Our firm can assist you while searching for your physical address. You can learn more about leasing and rental cost here. (This item will be required only after we obtain the initial approval from the authority.)
    • Notarized and attested Power of Attorney appointing our firm as your legal representative, so that we can act on your behalf and/or on behalf of the shareholders (template will be forwarded by our firm).
    • There are some activities which might require third-party/authority pre-approval—accordingly, additional cost and professional fees might be applicable.
    • Also during the process, the authorities might require a few other documents.

    Additional Documents Required for a Corporate Shareholder

    • Attested and notarized Memorandum of Association/Article of Association—it must be attested from the UAE Embassy at the place of origin
    • Board resolution must be resolute by the board of directors of your existing company/entity at the place of origin expressing the intent of establishing a new setup abroad. It must be attested and notarized by the UAE Embassy (template will be forwarded by our firm).
    • Certificate of registration (if applicable) of your existing company/entity, license, or certificate of incorporation must be attested and notarized by the UAE Embassy

    The procedure of processing your RAKIA Free Zone company formation will range from 2 to 4 weeks.

  • Support Services Offered in Fujairah Creative City Free Zone

    FAR Consulting Middle East can help you in obtaining your Fujairah trade license and provide the following services as well when you let us handle your business setup affairs:

    • Applying and following up on behalf of the client until the collection of the Certificate of Business Registration (Trade License)
    • Representing the client in front of the authorities
    • Assisting the client in bank account opening
    • Assisting the client in account opening with the Ministry of Labour
    • Assisting the client in account opening with the UAE immigration
    • Assisting the client in leasing a premise as an address for the business
  • Fujairah creative city free zone cost for Business Setup 

    Creative City is known for its reasonable cost and professionalism that encourages businesses from various fields to setup their business in the said free zone. Farahat & Co has an experienced team of business setup consultants that can assist in the process of Fujairah creative city business setup. The below fee table represents an estimation of Fujairah creative city free zone cost. Contact us for more information on business setup in Fujairah.

    Cost for Business setup in Fujairah Creative City Free Zone

    Business Registration and Licensing Cost Fees
    Registration Fee AED 4,000.00
    Cost by Trade Licence Type (Select one of the following)
    FZE Commercial License Fee: No visa eligibility AED 11,000.00
    FZC Commercial License Fee: No visa eligibility AED 14,000.00
    Freelance License Fee: 1 visa eligibility AED 13,500.00
    Baby Business License Fee: 6 visas eligibility AED 13,500.00
    Setting up a branch office (Starting from) AED 11,000.00
    Setting up a Branch of a Foreign Company (Starting from) AED 11,000.00
    Fee for an additional activity (if applicable) AED 5,000.00
    Additional Fees for Business Registration
    Chamber of Commerce AED 3,020.00
    E – Channel Registration AED 2,225.00
    E – Channel Refundable Deposit AED 5,000.00
    Visa Processing Cost
    Emirates ID application AED 390.00
    Medical Test (Starting from) AED 300.00
    Employment/Residence Visa (Select one of the following)
    Employment/Residence Visa – Normal Process – In Country AED 4,950.00
    Employment/Residence Visa – Out of the Country – Normal Process AED 4,950.00

    ATTENTION – NOTE

    All fees for government and related authorities are an estimation only, as of on 21st September, 2019. The exact government fees will be determined at the time of submission of the applications. We are obligated to provide our clients with all receipts of government and related agencies against the amount that will be paid. Every amount that will expense for your business registration will be supported by documents. In case of shortage, the client has to repay us. In case of excess, we have to refund the client.

    Our professional fee covers consultation, drafting of legal documents, introducing reliable local citizen service-agent when required, assisting in document notarization from the local notary public, assisting in local bank account opening, and applying to the concerned authorities on your behalf.