The new free zone Fujairah Creative City was founded in 2007 and is primarily focused on the creation of service companies and media business companies. The emirate of Fujairah is located on the shores of the Gulf of Oman of the Indian Ocean, 150 km off Dubai. An international airport and one of the largest ports in the UAE contributed to the dynamic development of this emirate and made it possible to create optimal environment for attracting investors from all over the world.
Fujairah Creative City offers a wide selection of options both in terms of type of licence for companies and visa packages for company employees.
Company registration in Fujairah Creative City includes the following steps:
The UAE does not have public company registries that would contain details of shareholders or directors. Information about free zone companies can only be obtained at the request of a local court.
The register of shareholders and directors of the company is not accessible to third parties.
Upon registration the company and the Free Zone administration necessarily sign an office lease agreement. The address of such office is considered the official registered office address of the company. At the same time, the company is free to rent additional offices, industrial premises or warehouses in the territory of free zone.
Companies are required to have a common seal.
The redomiciliation of companies either to or from the UAE is permitted.
The director (manager) can only be an individual, the minimum number of directors is one. Directors are required to obtain a UAE residence visa.
Directors’ details are submitted to the Free Zone administration, but are not accessible to third parties.
The secretary can only be an individual. Can be the same person as director.
If the secretary is not specifically indicated when filing a company registration application, the first director is assumed to act as secretary.
Details of the secretary are not accessible to public.
The minimum number of members/shareholders in the company is 1. They can be individuals or legal entities, and there are no residency requirements.
Fujairah Creative City does not require a local shareholder in the company’s structure.
If the shareholder is an individual, then such a person must be over 21 years old.
Despite that many jurisdictions consider creating a public register of beneficial owners, the UAE does not have one yet. This means that there is no open access to the beneficial ownership information. It is stored by a service provider, namely a company registration agent, trustees, lawyers, accountants and other professionals, subject to strict confidentiality. Information about the beneficial owner can only be disclosed to regulatory authorities (for example, during inspections for its availability) or by court order.
Fujairah Creative City does not have minimum share capital requirement.
Price11 900 USD
Including licence, rent of flexi-desk, stamp, and company registration. The cost of the package may vary depending on the number of shareholders, type of licence, and size of the office (the number of resident visas depends on the size of the office). The fees are stated for a company with a single shareholder and the possibility of obtaining 2 resident visas (minimum package). The fees also include a refundable deposit for e-channel in the amount of AED 5,000 (appr. USD 1370).
Price9 500 USD
Including licence, rent of flexi-desk, and company renewal. The fees are stated for a company with a single shareholder and the possibility of obtaining 2 resident visas (minimum package).
Price4 200 USD
Cost of one investor visa, including: payment of all government fees (Entry Permit, Medical & Emirates ID, Visa Stamping); preparation and submission of applications and necessary documentation; accompanying the applicant on the trip to the hospital and migration authority.
Price2 500 USD
Irrespective of the outcome of application
DHL or TNT, at cost of a Courier Service
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Compliance fee is payable in the cases of: renewal of a company, liquidation of a company, transfer out of a company, issue of a power of attorney to a new attorney, change of director / shareholder / BO (except the change to a nominee director / shareholder)
simple company structure with only 1 physical person
additional compliance fee for legal entity in structure under GSL administration (per 1 entity)
additional compliance fee for legal entity in structure NOT under GSL administration (per 1 entity)