GSL / Offshore and International Law / Offshore zones / Middle East / United Arab Emirates / Fujairah / United Arab Emirates: Fujairah Creative City Free Zone

Company Registration in Fujairah Creative City Free Zone - Business Starting & Setup

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Service packages
Express
Standard
Optimum
Company registration
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Legal address per year
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Secretarial services for the first year
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Fees and duties for the first year
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Apostilled bound set of incorporation documents
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Compliance fee
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Nominee service per year
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Bank Account Pre-approval
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Price
11 900 USD

11 900 USD

12 400 USD

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Registration of a Company in Fujeira Creative City

Fujairah Creative City Free Zone

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 Name

  • Can use Latin characters.
  • Must not be identical or similar to the name of an existing company.
  • Must have an ending indicating the legal form (“FZE”).

Company Registration

Company registration in Fujairah Creative City includes the following steps:

  1. Select a company name to be checked for availability (at least two names), the structure of the company (directors, members) and type of licence (Broadcasting, Media and Marketing, Publishing, Event Management, Media Support Services, New Media Services, Consultancy, Business InfoPay fees for services;rmation, Production, Music & Entertainment, Information Technology, Design, Education);
  2. Pay fees for services;
  3. Provide the documents for directors / shareholders / attorneys (either originals or notarized copies);
  4. Prepare and submit a set of documents for company registration, get the documents signed by the officers and shareholders of the company;
  5. Receive the certificate of registration, articles and seal in the specified address.

Confidentiality

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.

Local Registered Office

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.

Seal

Companies are required to have a common seal.

Redomicile

The redomiciliation of companies either to or from the UAE is permitted.

Company structure

Directors

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.

Secretary

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.

Members

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.

Beneficiary

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.

Share Capital and Shares

Fujairah Creative City does not have minimum share capital requirement.

Core Services

— Incorporation

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).

— Corporate legal services

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).

— Obtaining a residence visa

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.

— Assistance with bank account opening

Price2 500 USD

Irrespective of the outcome of application

—Delivery of documents by courier mail

Price145 USD

DHL or TNT, at cost of a Courier Service

Compliance fee

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)

Basic

Price250 USD

simple company structure with only 1 physical person

For legal entity in structure under GSL administration

Price50 USD

additional compliance fee for legal entity in structure under GSL administration (per 1 entity)

For legal entity in structure not under GSL administration

Price100 USD

additional compliance fee for legal entity in structure NOT under GSL administration (per 1 entity)

For client with high risk Status

Price350 USD

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