Are you an entrepreneur looking to set up your business in a free zone? Fujairah Creative City Free Zone is the perfect destination for you. Known for its dynamic environment, it offers a multitude of benefits and advantages that make it stand out from other free zones in the UAE. In this blog post, we will unravel what makes Fujairah Creative City unique and the types of businesses permitted within the free zone.
Understanding Fujairah Creative City Free Zone
Discover the range of business activities allowed in Fujairah Creative City Free Zone, along with office space options, setup procedures, application form process, business license options, and real estate opportunities available. Explore this creative zone’s offerings.
What makes Fujairah Creative City Unique?
Fujairah Creative City stands out with its diverse range of business activities, making it a favorable destination for entrepreneurs. Its strategic location and dedicated team of experts add value to the business setup process. Visa applications and residency services are also available, along with unique incentives.
Features of Fujairah Creative City
Fujairah Creative City (FCC), under the management of the Fujairah Culture and Media Authority, presents several advantages for establishing a company:
- Flexible company setup options available starting from AED 17,500 (approx. USD 4,750) per year. Check out our product page for more offers.
- Incorporation of your new company does not necessitate a physical presence in the UAE.
- No requirement for paid-up share capital or annual audits.
- Efficient issuance of all company documentation within days.
- Allocation of up to seven UAE residency visas without the obligation of maintaining physical office space.
Additionally, the Fujairah Free Zone (FFZ), overseen by the Fujairah Free Zone Authority, offers remarkable logistical connectivity and a variety of license types, including:
- Trading and General Trading License
- Manufacturing License
- Warehousing License
- Consultancy/Services License
- Industrial License
Steps to Set up a business in Fujairah Creative City
Step 1: Identify Your Business Activity:
Before delving into the specifics of your business activity, it’s essential to have a well-defined business plan outlining your business model. Fujairah offers a broad spectrum of business opportunities, ranging from consultancy, creative ventures, and media sectors to trading and manufacturing industries. However, pinpointing the most suitable business activity for your venture can be daunting, especially for newcomers to the business setup arena. This is where seeking the guidance of a company formation specialist at Arnifi proves invaluable, as they can offer expertise to help you navigate this crucial decision-making process effectively from the outset.
Step 2: Select a Trade Name and Initiate Business License Application:
Selecting a distinctive trade name for your business is the next critical step. It’s important to note that there are certain regulations and constraints governing trade name selection. A company formation specialist can furnish you with precise guidelines for naming your company and facilitate the approval process with the relevant authorities. Upon receiving trade name approval, you can proceed with applying for a business license.
Step 3: Determine Office Space Requirements:
The necessity for office space varies depending on the nature of your business activity. For businesses engaged in manufacturing or trading import/export goods, both office space and warehouse facilities are mandatory. Conversely, businesses operating under service or consultancy licenses may not require dedicated office space.
Step 4: Compile and Submit Legal Documentation:
Submission of requisite legal documents to the relevant authorities is a mandatory step in the business setup process. Certain business activities may necessitate additional external approvals. It’s prudent to engage with a company specialist at Arnifi who can provide comprehensive guidance throughout the documentation process, thereby avoiding the need for repetitive tasks and saving valuable time during the critical phase of business incorporation.
Step 5: Initiate Visa Application Process:
Once all necessary approvals are obtained, the visa application process can commence based on your specific requirements. An advantageous aspect of partnering with Decisive Zone is the streamlined support they offer. The business setup experts at Arnifi ensure that all your visa requirements are efficiently managed, providing top-notch PRO assistance to facilitate a smooth and hassle-free experience.
Documents Required to set up a business in the Creative City
To initiate the establishment of a Free Zone Company, we need to conduct due diligence on all shareholders/directors of the prospective new company. The required documents include:
- Certified copy of Passport & UAE Visa/UAE entry stamp (if applicable)
- Two proofs of address (dated within the last three months)
- Bank reference letter
- Brief professional background CV
- Completed Company Application Form (provided by us)
Please be aware that depending on the business activity of the proposed new company, the Free Zones may require a detailed business plan. We offer various templates to aid you in this process.
ALSO READ: Benefits of setting up a business in SHAMS freezone
Exploring Fujairah Creative City Free Zone Promotions
Explore diverse business activities like media and healthcare, benefiting from streamlined application processes and expert-guided company registration at Fujairah Creative City. Avail real estate solutions and visa consultancy for a seamless setup journey.
Attractive Packages for Entrepreneurs
Discover the benefits of corporate bank account establishment, dedicated team support, golden visa eligibility, business license consulting, and streamlined free zone application form with details of share capital.
Tailored Solutions for Different Industries
Fujairah Creative City accommodates various business activities such as creative and healthcare. Entrepreneurs can access expert support for business license applications and establish limited liability companies. The free zone also provides initial consultancy and oversight by the department of Economic Development.
What Makes Fujairah Creative City the Preferred Choice for Entrepreneurs?
Located in the emirate of Fujairah, this free zone offers a smooth business setup and streamlined residency process. Entrepreneurs can benefit from consultancy services, a business-friendly environment, corporate bank account setup, and visa applications. It is the preferred choice for free zone company setup and various business activities.
Conclusion
To conclude, Fujairah offers a unique and advantageous environment for entrepreneurs looking to start their business journey. With its ease of doing business, favorable taxation policies, and access to a global business network, this free zone provides the perfect platform for growth and success. Additionally, Fujairah Creative City offers attractive promotions and tailored solutions for different industries, making it the preferred choice for entrepreneurs. If you’re ready to embark on your business journey, partner with Arnifi to receive expert guidance and support every step of the way.
ALSO READ: Benefits of setting up a business in Fujairah Creative City
About Arnifi
Arnifi is digital first Corporate service provider helping companies enter the Middle East region, starting with UAE and Saudi Arabia markets. Founded and backed by professionals from Amazon, Souq and other large companies operating in KSA – the team understands what it takes to succeed as a startup in both UAE and Saudi Arabian markets, apart from going through the setup process multiple times. Arnifi will provide a truly digital experience to entry and scale up of companies both UAE and Saudi Arabia. The Arnifi promise is simple, yet revolutionary, use technology and a great team to provide transparency, efficiency and great customer experience in the whole process. Check out at – www.Arnifi.com for more details.
