Fujairah Creative City Free Zone
Fujairah Creative City Free Zone: features and benefits
The emirate of Fujairah is located in the east of the country and has a unique location - this is the only emirate with access to the Gulf of Oman, unlike other emirates located along the Persian Gulf. It has a magnificent expressway, seaport and international airport.
Creative City Fujairah Free Zone was established in 2007 according to Decree No. 4, issued by the ruler of the emirate in the same year. As an alternative to Dubai Media City, it is specially designed for local and foreign companies working in the fields of television and radio broadcasting, modern technology and communications, design, music, entertainment and others.
The mission of Fujairah Creative City Free Zone is to nurture creative geniuses and create an enabling atmosphere for talent growth. Fujairah Creative City provides companies with access to an exclusive platform for establishing business contacts, aimed at connecting companies with their potential customers and business growth.
Creative Tower Fujairah is located near Fujairah Port and provides companies with easy access to the Persian Gulf and the Red Sea. Fujairah International Airport is also located near the free zone. Due to its strategic location, Fujairah Creative City is an ideal place for companies involved in import and export, as delivery time plays a key role for them.
Benefits of registering a company in Fujairah Creative City
Creative City Fujairah company formation has the following advantages:
- Possibility of 100% foreign ownership.
- The possibility of 100% repatriation of capital and profit.
- 100% exemption from income taxes, on personal income and VAT.
- One of the main advantages of Fujairah Creative Free Zone is the ability to open a virtual office here.
- A physical presence in the UAE is not required to register a new company - the company registration process can be carried out remotely.
- Lack of requirements regarding minimum investment capital.
- There are no requirements for payment of share capital which significantly reduces Fujairah Creative City Free Zone cost of company registration.
- There is no requirement for an annual audit - there is no need at all to spend time and money on conducting a cumbersome annual audit of the company to renew the license.
- Speed of registration - opening a company in Fujairah Creative City will take only a few days.
Types of licenses in Creative City Fujairah
All companies registered in the Fujairah Creative City must obtain a license to provide services in the relevant field of activity. Creative Free Zone Fujairah offers such types of licenses:
- Company License - to obtain this type of license, a prerequisite is the annual rental of an office in the Fujairah Creative City Zone. Holders of this license are given the opportunity to obtain up to 12 visas.
- Baby Business License - to obtain this type of license, an annual lease of office space is also a prerequisite. This is an excellent choice for small and start-up businesses, which will allow you to register a company in the zone and get a working space in a world-class business center at a low Fujairah Creative City license cost. Office space in this type of license includes Internet access, facsimile, name sign, mailbox, use of the conference room.
- Freelancer License - this is a wonderful option for providing professional services around the world with personal office space in a prestigious business center and at a minimal cost. Holders of this license are granted the possibility of obtaining Fujairah Creative City Freelance Visa. Office space in this type of license includes a mailbox.