Offering a distinctive and specialised environment for businesses in the media, events, consulting, and creative industries, Creative City Free Zone Authority (CC FZA) in Fujairah is a thriving business hub in the United Arab Emirates (UAE). Designed to encourage creativity and innovation, Creative City offers an extensive ecosystem that promotes growth and cooperation. Due to its advantageous location, modern infrastructure, and efficient procedures, the free zone attracts companies looking for the right setting to realise their full creative potential and prosper in the United Arab Emirates’ ever-changing environment.
Unique Features of CC FZA
- CC FZA focuses on media, design, technology, music, and entertainment, fostering a vibrant hub for creative minds.
- CCFZA prioritises education and development, offering specialised programs and workshops to hone creative skills.
- CCFZA offers unique workspaces like media pods and co-living facilities, inspiring out-of-the-box thinking.
- To commence business faster, the Government of Fujairah is allowing entrepreneurs to apply for multiple visas without the need of having to lease a physical store.
Types of licenses available in CC FZA
- Commercial License Single Owner (FZE)
- Commercial License FZCO Multiple Owners (FZ LLC)
- Freelance Permit
Benefits of setting up a business in CC FZA
- 0% corporate tax on Qualifying Income
- 100% foreign ownership
- No currency restrictions
- Physical presence in the UAE is not required
- No paid-up share capital or annual audit required
- Physical office is not required
- Offers “Legal Consultancy” license
- Up to 15 visas availability
FAQs
The process of setting up a company in AFZ mainly includes:
- Choose the type of license
- Choose your type of facility
- Choose a company name and structure
- Submit the signed application forms with required documents
- Obtain initial approval
- Obtain commercial registration (CR)
- Open a corporate bank account
The documents required for company formation in CC FZA include but not limited to:
- Completed application form
- Business plan
- Passport copies and passport-size photo of all shareholders, directors, and authorised signatories
- UAE residence visa or Emirates ID copies (if the shareholder is a UAE resident)
Additional documents required for setting up a branch office:
- Passport copies and passport-size photo of the owners
- Board resolution of the parent company
- Memorandum of Association (MoA)
- Articles of Association (AoA)
The permitted legal entities in CC FZA are:
- Commercial License Single Owner (FZE)
- Commercial License FZCO Multiple Owners (FZ LLC)
- Freelance Permit
The costs of setting up a company in CC FZA will vary depending on the type of license you require and the complexity of your business operations. Contact Gatestone Group for more information via [email protected] or call +971 4 450 1023.
No, you do not need a local partner to set up a company in CC FZA. Foreign investors are allowed to own 100% of their businesses in the free zone. For seamless company formation and expert guidance in CC FZA, reach out to Gatestone Group today via [email protected] or call +971 4 450 1023.
The process of setting up a company in CC FZA can take an average of 1-2 weeks without external approvals. Empower your business success in CC FZA with Gatestone Group’s expertise and unwavering support via [email protected] or call +971 4 450 1023.
Sectors that are required to register in anti-money laundering systems:
- Real estate agents and brokers
- Dealers of precious metals and gemstones
- Finance Auditors
- Corporate service providers