Setting Up a Business in Creative City of Fujairah
Many new entrepreneurs take their first step to start a business in freezone. Creative City of Fujairah is a well known freezone amongst the Northern Emirates and also all over UAE. It is known for its flexible business package, client friendly solutions, hassle free business set up, list of vast business activities and many more.
The Benefits of Business Set Up in Creative City of Fujairah
Fujairah Creative freezone is well known for its flexibility towards the clients especially for those who are new to this country. Below are few reasons to start a business here:-
- Presence of the owner is not required during the formation. The owner can simply enter the country once and can leave the same day as the entry stamp only will be required
- The freezone requires normal documents like passport copy, visit / residence visa, etc. They do not have requirements of NOCs, audits, etc for company formation
- There is no requirement of capital and the company can be started from zero capital only by mentioning some paper capital
- Number of entrepreneurs can become shareholder for a single license for a special license package. This license package will have a constant price only and it doesn’t change with the number of owners
- Acceptance of business plan. The business plan acceptance is much flexible than any other jurisdiction
- Full ownership in business. Like any other freezone Creative City of Fujairah also let you keep 100% of your business
- Reknown geographical location for business
Activities in Creative City
Creative city of Fujairah is well known for the below mentioned activities:
- Audio and Visual
- Broad Casting
- Media and Marketing
- Publishing
- Event Management
- Media Support Services
- Consultancy(Vast list of consultancies)
- General Trading
- New Media Services(Animation, digital media services etc)
- Business Information(New agency etc)
- Production
- Music & Entertainment
- Information Technology
- Design
- Education
Cost and Charges for Setting Up Company in Fujairah
The cost and charges varies with the number of visa requirement and the number of shareholder requirement. All the package costs are quite reasonable which attracts the budding entrepreneurs.
Time Line
The license can be received as early as within 4-5 working days and with the assistance of some good business set up services the documentation work can be done through them and hence the license can be released much earlier.
This blog is written by Ms. Ananya, Business Advisor at Flyingcolour Business Setup, VAT and Accounting Services, Dubai. If you have any question regarding forming a company in Fujairah Creative City or anywhere across the UAE then please contact us at +971 4 4542366 or email us at info[at]flyingcolour[dot]com.
