Fujairah Creative is your go-to path if you plan to set up a company in Dubai, UAE, in the growing media, IT, marketing, consulting, events, and design industries. It was established in 2007, but in this short period, this free zone authority gained popularity due to its numerous benefits.
That’s why we have gathered a step-by-step guide for setting up a company in Fujairah Creative City Free Zone. So, let’s dig in.
Steps in Setting Up a Company in Fujairah Creative City Free Zone:
- Define your business activity for a license
The first crucial step in setting up a company in the Fujairah Creative City Free Zone is identifying the business activity you plan to undertake. In this regard, FCC caters to various sectors, including media, events, consulting, education, communication and marketing, music and entertainment, design, and technology. All you need is to carefully consider the core functions of your company and align them with the most fitting business activity.
Remember, this chosen activity will determine the type of license you require to operate within the free zone, so be careful. However, if you need clarification on your business activity, Ignite Zone can help you choose the best according to UAE business trends.
- Choose business structure
The FCC offers flexibility in choosing the most suitable business structure for your needs. For instance, you have three options sole proprietorship, a limited liability company (LLC), or a branch of an existing company; you can opt for any of them. Each structure has its considerations and perks. Sole proprietorships offer a simpler setup but come with unlimited liability for the owner. LLCs’ formation in the UAE provides a clear separation between personal and business assets, while branches allow established companies to expand their operations into the FCC.
- Find your trademark
Before finalizing your company name, ensuring its availability as a trademark is vital. The FCC will conduct a trademark check to confirm no existing businesses hold the same or a confusingly similar name. This protects your brand identity and avoids potential legal issues down the line.
- Gather necessary documents
Once you’ve defined your business activity, chosen a structure, and secured your trademark, it’s time to compile the necessary documents for registration. The requirements may vary slightly depending on your chosen structure and business activity. However, some general documents typically include your Emirates ID, passport copies, shareholder’s CVs, bank reference letters, and a detailed business plan.
- Get license
Once you complete these steps, you can obtain your professional trade license in Dubai. Your legal permit will be to perform legal business activities across the Emirates. Upon approval, the FCC will review your application and grant you the license to operate your business within the free zone.
Required Documents:
You might need to present the following documents for the Fujairah free zone company registration in Dubai.
- Passport copies and UAE visa entry stamps for all shareholders and directors.
- Proof of address documents for shareholders and directors (utility bills, bank statements).
- Bank reference letter.
- Completed company application form.
- Articles of Association (MOA).
- Shareholders’ Agreement (optional).
- Certificate of Incorporation and Memorandum of Association of the parent company.
- Board resolution approving the establishment of the branch in the FCC.
- Ultimate Beneficial Ownership (UBO) Declaration Form.
- Know Your Customer (KYC) Forms (for each shareholder).
- Shareholders’ CVs (especially relevant for some business activities).
- A detailed business plan outlining your company’s goals, strategies, and financial projections.
- Power of Attorney (if someone else represents you during the application process).
- Specimen Signature Forms (for authorized signatories).
- Office Lease Agreement (for Flexi-desk package).
Permitted Activities in Fujairah CC Free Zone:
Entrepreneurs can conduct only specific business activities in Fujairah’s creative city-free zone. Following is the general list of those permitted activities.
- Information Technology
- Music & Entertainment
- Consultancy
- Media & Marketing
- Education
- Design
- Broadcasting
- Event Management
- Publishing
- New Media Services
- Business Information
- Production
Benefits of Setting Up a Company in Fujairah CC FZ:
Attractive tax incentives
FCC provides a considerable financial advantage: exemption from personal tax. This will allow you to keep a greater portion of your earnings and reinvest it into your business’s growth and development.
Additionally, businesses that operate within the FCC are eligible for a tax-free corporate regime. This results in substantial cost-savings and increased profitability for your company.
Multiple visa applications
FCC allows you to apply for multiple visas on your company’s license. The process of obtaining a work permit for your employees and their dependents is simplified. Your company will benefit from a diverse and dynamic work environment.
E-commerce friendly
Ecommerce business activities are actively promoted in Fujairah Creative City. The regulations and infrastructure in the free zone were specifically designed to make online operations easier. This makes it an ideal hub for entrepreneurs looking to enter the digital market.
Hassle-free incorporation
Setting your company up in the FCC can be a breeze. The process has been designed to be simple, with minimal paperwork. It is also often done without requiring mandatory share capital disclosure or ownership details. Aside from this, depending upon your business, you may not have to perform an annual audit or keep a bookkeeping. This will reduce administrative burdens.
No office requirements
In contrast to traditional business setups, the FCC provides the unique advantage of not requiring a physical office to operate. This is particularly advantageous for freelancers or businesses that are not dependent on a specific location. You can launch your venture at a lower cost. FCC also offers flexi-desks within the free zones if you need a more conventional workspace.
Strategic location
Fujairah Creative City is in the prime location of UAE, with easy access to the Middle East and Asia. This strat-Asia location and proximity to major transport hubs, such as airports, seaports, and highways, allow for efficient trade and streamline logistics for your business.
Setup Your Company in UAE with Ignite Zone:
So, you can contact us if you plan to set up your company in UAE’s growing media and marketing hub, Fujairah.
Our expert team is well aware of UAE’s business community and legal paperwork and deeply understands the Fujairah policies. So, you can contact us and get a hassle-free company formation in Fujairah’s creative city-free zone.
