Company setup from 5,520 AED
Registration from 1 week
Bank account Guaranteed
Residence visas for 2 years
— Yes
— No
Company registration can be done remotely regardless of if you are in the UAE or abroad, your company can be registered in 2-3 working days after the initial approval if you opt for a package without visas.
Step 1. Determine which type of entity and the type of license offered by the Fujairah Creative City free zone suits you.
It is crucial to approach this question carefully, as choosing the wrong activity, registration authority, or location can lead to errors during company registration, creating problems with opening a bank account or getting a residence visa.
In Creative City you can register one of the following legal entities:
Step 2. Prepare the necessary documents. Creative City requires a minimal documentation package.
After all the documents have been compiled and the necessary paperwork has been drafted, it is required to pay the necessary fees for the registration process to proceed with the application.
Step 3. Receive the license and registration documents for the company, namely
Step 4. Submit the Ultimate Beneficial Owner (UBO) Declaration form at https://sys.ccfz.ae/ubo. This is a mandatory step in the Creative City company set-up procedure after the license issuance. Otherwise, you will be subject to penalties and fines. UBO is a natural person who directly or indirectly owns or controls the company and who owns more than 25% of the equity and has more than 25% of voting rights.
Step 5. Receive an establishment card that contains information about your company and makes it eligible to sponsor residence visas. It will take 7-10 working days to receive the card.
Step 6. Apply for an entry permit.
If you apply from inside the UAE, after the entry permit is issued you have to change your visa status from the previous visa to a residence visa. If you are outside the UAE, then arrive in the country, get your entry permit stamped and then proceed with the rest of the residence visa process, submitting the necessary documents.
Step 7. Undergo a medical checkup and submit documents for a residency visa.
Step 8. Apply for an Emirates ID.
Step 9. Complete biometrics procedure in one of the Emirates ID centers.
Step 10. Once you have the results of your medical test and biometrics you can submit all the details for a visa approval. Your electronic visa will be sent to you by email. You can also find it in the UAE ICP app.
Step 11. Receive your Emirates ID. After the residence visa is issued, the Government prepares a plastic identity card which is an important document that is required to open a bank account, rent an apartment, pay bills or fines, etc. It also entitles you to many local services and discounts.
Step 12. Open a bank account. Apply to a UAE bank to open a corporate bank account. The approval may take a few weeks.
After receiving the account details, you can start running your business in the UAE.
As we have mentioned above, Creative City Fujairah offers only professional licenses. The starter set-up package without visas will cost 5,520 AED.
Package | Cost (AED) |
---|---|
Business starter + zero visas + flexi-desk (up to 2 shareholders) | 5,520 |
Business Multi visa package (3 to 15 visas) + flexi-desk (up to 6 shareholders) | 17,520 |
Each license includes 3 business activities. The license is valid for 1 year and is renewable annually.
The license package price covers: the license, an establishment card, PRO services, flexi-desk services, e-channel registration for 1 year, and government fees. Only 2 visas and Emirates ID fees are included; you will have to pay for any additional visa allocation (up to 15 visas). Medical expenses are paid separately.
Creative City Fujairah does not have any trading business activities at all.
It provides an impressive professional activities list with a broad spectrum of service and consultancy segments.
The business activities include the following:
Some activities like broadcasting require pre-approval from the free zone management.
This free zone offers a modern, fully equipped business center with round-the-clock access (available on hours-per-month basis).
The following facilities can be leased from Creative Zone Fujairah:
Facility type | Description |
---|---|
Flexi-desk | This option provides the minimum required office space, allowing your business to operate efficiently while optimizing costs. |
Executive office | This is a fully furnished and serviced office space for your business, providing essential administrative and operational support. This facility offers a professional environment with modern amenities, conference and meeting rooms, enabling companies to operate efficiently within the free zone's location. |
The services that come with these facilities include:
All facilities are located in Fujairah free zone.
If you establish business in Fujairah Free Zone, you are entitled for residence visas for you, your personnel, and family members.
Depending on the licensing package you choose, you can have up to 15 visas that are already included in the offer. However, if you need to apply for additional visa, check out the table below to find the cost:
Creative City Fujairah visa costs (AED):
Creative City fee | Medical checkup | Emirates ID | Total | |
---|---|---|---|---|
Investor | 3,650 | 755 | 390 | 4,795 |
Employee | 3,650 | 755 | 390 | 4,795 |
This resident visa is valid for 2 years.
If you would like to sponsor dependents under their visa, the process is quite easy and the following documents are required:
Some nationalities are considered as high-risk in Fujairah Free Zone. Such countries are:
Note that this list changes frequently and varies in different emirates, so you should check with your business setup consultant what is applicable to your nationality at the time of registration. Alternatively, you consider a business setup in Dubai, where the immigration laws are flexible and you are almost guaranteed to have your license and residency visa approved.
It is mostly recommended for citizens from high-risk countries to set up their business in Dubai because immigration restrictions in this emirate are minimal. DMCC company formation is one of the most popular options of business setup in Dubai now.
The process of renewing your company is straightforward and can be conveniently managed remotely by your appointed agent.
This renewal is required annually, and its cost, which is notably lower than the initial setup expenditure, varies depending on the company's chosen package.
For companies operating bank accounts within the UAE, it's obligatory to present the newly issued license to the bank following renewal. This step ensures the continuation of the company's banking services without any interruptions.
Company amendments in Creative City Fujairah can include:
The fees are about 2,000 AED for shares transfer and even less for other amendments.
The liquidation of a company in Creative City Fujairah can only proceed upon receiving a personal application from either a shareholder or an authorized representative holding a power of attorney from the company owners.
A fee of AED 4,000 is applicable for the cancellation of the company license, and an additional AED 600 is charged for the cancellation of a resident visa.
If the company has maintained a corporate bank account, it is essential that this account is closed before initiating the liquidation process. A confirmation letter from the bank, validating the closure of the account, will be needed.
Upon successful dissolution of the company, the free zone authority will issue an official deregistration letter. This serves as a formal confirmation of the company's liquidation, marking the conclusion of its existence within the free zone.
The Emirate of Fujairah has an authority called Creative City Fujairah Free Zone. It was launched in 2007 as an alternative to Dubai Media City.
Creative Zone Fujairah is a zone which focuses on professional service activities. It does not have any trading activities.
This free zone offers a remote business setup and visa processing.
It has a fast registration process that can be completed within a week with 100% ownership without any capital requirements or annual audits.
You can get from zero up to 15 residence visas - it is one of the best visa offers among UAE business setup options.
Up to 15 visas company
LICENSE TYPE | VISAS INCLUDED | TOTAL COST | |
---|---|---|---|
Service license + Flexi Desk | no visas | AED 20,300 $5,600 | download breakdown |
Service license + Flexi Desk | 1 visa | AED 35,657 $9,800 | download breakdown |
Service license + Flexi Desk | 2 visas | AED 42,790 $11,750 | download breakdown |
Service license + Flexi Desk | 3 visas | AED 55,572 $15,250 | download breakdown |
Service license + Flexi Desk | 4 visas | AED 62,705 $17,200 | download breakdown |
Service license + Flexi Desk | 5 visas | AED 72,937 $20,000 | download breakdown |
Service license + Flexi Desk | 6 visas | AED 80,070 $21,950 | download breakdown |
Service license + Flexi Desk | 10 visas | AED 115,825 $31,750 | download breakdown |
Service license + Flexi Desk | 15 visas | AED 151,487 $41,550 | download breakdown |
INDIVIDUAL SHAREHOLDER
Top 10 questions about Fujairah Creative City company
Basically no, as a personal visit to the UAE is required as per the regulations of the UAE Central Bank. Local banks require this visit to verify the client's identity. However, some banks allow remote account opening through their digital bank applications or website.
In most cases, you can obtain a debit card for your newly opened company, especially if there is only one shareholder. However, a credit card is usually issued against a fixed deposit. As for loans, banks may consider your eligibility based on your company's operations and profits. It is recommended to apply for a loan after at least one year of company operations.
Officially, the office of a free zone company should be located within the free zone where it is registered. However, if you need an office in Dubai, you have the option to rent space in a Business Center and use it on a flexible basis. It is important to note that the minimum required space (flexi desk) in the free zone cannot be canceled.
A flexi desk is a mandatory requirement for any company eligible for resident visas. It serves as the minimum physical office space that a company with individuals under its visa must have. Additionally, a flexi desk can facilitate bank account opening as banks require evidence of a company having some form of office or physical presence.
VAT obligations depend not only on the place of registration but also on where the business activities take place. VAT becomes applicable when the taxable turnover reaches AED 375,000. If a free zone company's trading activities take place abroad, the turnover is not considered taxable as long as the goods or services are supplied outside the UAE. However, if the goods or services are supplied to customers within the UAE, the 5% VAT will be applicable.
The UAE is free from personal income tax. However, there is a 5% import tax on goods brought into the country and a 5% VAT on trading or service transactions that occur within the UAE.
On June 1, 2023, the UAE introduced 9% corporate tax, however, the UAE freezone companies that meet certain requirements as outlined by the Federal Tax Authority will be able to benefit from tax reliefs and possibly file the 0% corporate tax.
The suitability of a free zone company versus an offshore or mainland entity depends on your business model and requirements. However, a free zone setup offers advantages such as 100% foreign ownership, eligibility for resident visas, the ability to conduct business both within and outside the UAE, and greater favorability with banks compared to offshore companies. Additionally, free zones often offer a flexi desk option instead of executive offices, making it a cost-effective way to start a business without unnecessary obligations.
While we strive to make the account opening process as smooth as possible, we cannot guarantee the approval as it ultimately depends on the bank. Each case goes through several bank departments for approval, and the bank may contact you directly for clarifications. Providing a clear picture of your business to the bank increases the chances of successful account opening. We do our best to prepare you and your company for a smooth and fast account opening process.
Your company should be renewed annually, and the cost is typically lower than the initial setup cost. The renewal fees depend on your company package, and you can obtain the price by downloading the Estimate from our website. Company renewal does not require the personal presence of the owner and can be done by your agent. After renewal, the new license must be presented to the bank to extend the bank account, which is included in our renewal service.
You have multiple options for fee payment. You can make payments via bank transfer, cash, or online using a card.
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