Overview
The Creative City Free Zone Authority in Fujairah focuses on media, events, consultancy, education, communication and marketing, music and entertainment, design, and technology. Its goal is to support the region’s established media clusters and promote fresh innovation in these fields. One of the greatest places for business owners and entrepreneurs searching for inexpensive startup costs and straightforward company formation is Creative City.
It is important to note that share capital does not need to be deposited into a bank account in order to be used in the Fujairah Creative City free zone. For many entrepreneurs, transferring AED 100,000 to establish a company’s share capital could be difficult. Fujairah Creative City is a very cost-effective option in this case. Furthermore, submission of yearly audit reports is not required by the FCC. This definitely lowers the costs associated with the business’s operating needs. Another important characteristic of the Fujairah Creative City free zone is that if you work for a UAE company, you don’t need a NOC from the sponsor. FCC is the only free zone in the UAE that is exempt from the requirement for a NOC from the sponsor or employer.
Benefits of setting up a business in (FCC)
100% Business Ownership & Repatriation of Capital and Profits
2 Years Owner and Employee Visa
Zero Personal Income Tax
Physical presence in the UAE is not required to incorporate your new company
Allocation of seven UAE residency visas without the need for physical office space
All company documentation can be issued in a matter of days