Fujairah Creative City

Fujairah's strategic & unique location as the UAE's only Emirate on East Coast plays a key role in its development. Under the leadership and vision of His Highness Sheikh Hamed Bin Mohammed Al Sahrqi, the Ruler of Fujairah, the Emirates continue to grow. An amazing amalgamation of the traditional values of the East and modern technologies of the West, Fujairah offers a standard of living comparable to that of world's most developed nations. More than a quarter million people of various nationalities including Emiratis inhabit this Emirate of 1,450 sq. kms.

Since the company launch in 2007, Creative City has been providing thousands of clients with reliable services in a successful business environment. Creative City sets up professional environment for individuals and businesses working in a broad spectrum of business fields including media, events, consulting, education, communication and marketing, music and entertainment, design and technology complementing existing media clusters in the region and further facilitating creativity in all fields. Creative City provides licenses to individuals within a Free Zone economic environment. It regulates and processes all government formalities, work permits and visas and simplifies the process of a business startup. Providing a complete one-stop solution, Creative City offers customized services and business packages and ensures professional assistance to its clients during every step of a company formation process.

Benefits offered by the Fujairah Creative City is just the same as other free zones are providing such as 100% foreign company ownership, 100% repatriation of capital & profits, 100% exemption in corporate, personal income tax, import-export taxes & duties, No currency restriction, Simple & speedy registration procedures and many such benefits.

Location:

Fujairah Creative City, Fujairah, (U.A.E.)

Proposed activity:

Consultancy/Service/Import & Export (IT Related) activities can be carried out

License available:

Service, Consultancy & Commercial License can be obtained

Types of entities:

FZE (single shareholder), FZ LLC (2-5 shareholders) & Branch office

Shareholder:

Can be Individuals or Corporate entity

Director:

Individuals only (Minimum one. Shareholder can also be Director)

Share capital:

AED 100,000/- in case of FZE/FZ LLC & AED Nil/- in case of Branch office (Required to be deposited in bank before or after incorporation).

Do note that shares are deemed to be issued on incorporation of the company irrespective of whether share capital is deposited in bank pre or post incorporation.

Audit:

Not applicable

Estimated time:

3-5 working days for incorporation & setting up company.

Another 10-15 working days for immigration card subject to security clearance & thereafter Visa may take approximately 7-10 working days on normal basis.

Doc's required:

Shareholder: Individual

• Letter of authorisation
• Application form to be duly filled & signed
• Brief activity description
• Passport copies with visa page of owners/manager
• Tourist/visit visa copy of owners/manager
• Entry stamp page for owners/manager
• NOC for owners/manager if holding UAE visa
• Degree certificate for owners/manager for certain activities
• Latest utility bill for owners/manager

Shareholder: Corporate

• Letter of authorisation
• Application form to be duly filled & signed
• Brief activity description
• Passport copy with visa page of manager
• Tourist/visit visa copy of manager
• Entry stamp page for manager
• NOC for manager if holding UAE visa
• Degree certificate for manager for certain activities
• Latest utility bill for manager
• Following docs' of corporate entity to be attested with UAE Consulate in country of corporate entity & MOFA in UAE: COI/MOA/AOA/POA/Board resolution

Note: All shareholders (or authorized attorney in case shareholder is a corporate entity) are required to personally visit and sign in presence of licensing authority before incorporation of the company. Alternatively they can issue a POA duly attested by UAE consulate in their country of residence & thereafter attested by UAE Ministry of Foreign Affairs (which may cost approx. AED 2,500/- per POA).

Other notes:

a. Document legalisation cost (in case of corporate shareholders) with UAE Ministry is not included in above cost.

b. Shareholder or directors wishing to have UAE residency visa on said company will need to revisit after issuance of license, immigration card and visa for stamping of visa on the passport and may need to stay in UAE from 5 to 7 working days as that process may take time.

c. In case if immgration card is rejected due to security reason, company can claim for refund. Application to be submited within 3 months from the date of incorporation and liquidation procedures to be followed.

d. Post box renewal is required to be done on 31st December every year.

e. Company Immigration card to be renewed every year.

f. Investers to have family status UAE visa should have share capital of AED 75,000/- and in order to be eligible for Owner/Investor/Partner visa sholud have share capital of AED 60,000/-.