Located in the Emirate of Fujairah, Creative City was inaugurated in 2007. Since then, it has become one of the most progressive free zones that offer business setup solutions for creative entrepreneurs from all around the world. Today, it is by far one of the most rapidly developing freezone locations for a broad spectrum of business fields such as media, arts, design and technology, events management, education, communication, entertainment, music, ecommerce and marketing. Free Zones such as Creative City Fujairah and Media City Dubai have played a significant role in complementing media clusters already existing in the region, while inviting more businesses and entrepreneurs to invest in creative fields.
How Creative City Fujairah is Different
Free Zones typically offer a fundamental set of incentives which includes 100% company ownership, 0% corporation and personal tax, no currency restrictions, 100% repatriation of capital and profits and 100% import and export tax exemption. However, while many free zones have this basic set of benefits integrated for business setups, each one also offers their own unique advantages that can vary from one zone to the other. Here are some outstanding freezone company benefits Creative City Fujairah is famous for.
Fast, Easy and Safe Company Formation
Creative City Fujairah is considered among the best of locations for new investors and entrepreneurs to install their companies, build offices and run their operations in the smoothest, fastest way possible. While there is no requirement of any share capital, details of shareholder, attestations or owner experience, entrepreneurs are also exempted from annual audit, book keeping or formal business plans which most jurisdictions demand before a free zone company formation. Within 7-10 working days the owner can acquire company trade license in Creative City, Fujairah.
Flexible Business Packages
Business owners are allowed to apply for multiple visas without the need of buying or leasing a physical work space in the zone. This can be availed through the ‘Baby Business’ package available at Creative City, which allows entrepreneurs flexible access to desk space along with six visas.
Aside from instant desk space and multiple visa facility, Creative City also gives businesses free hand to operate without the need of a physical office presence. Through freelance and single owner packages, entrepreneurs can set up and run their companies in the fast lane with minimal startup cost and zero requirement of brick and mortar presence.
No NOC Needed
Creative City Fujairah is a popular option between new companies for another particular reason. Unlike many other free zones around UAE, business owners are exempted from providing the No Objection Certificate (NOC) from a local Emirati. This allows business owners to complete their freezone business setup while they are still employed.
Benefits of Being Creative City
Being a sector-specific freezone, businesses of a wide array of creative fields are highly welcomed and incentivized for their growth. This facilitates the sharing of knowledge, resources and skills within the zone easier and more conductive.
Sponsor Employees and Family
As much as Creative City Fujairah helps entrepreneurs and investors set up their businesses, it also helps them sponsor family and employees for residence visa. It is an easy four step process based on entry permit, status adjustment, medical fitness test and lastly Emirates ID registration and visa stamping.
How can IBG Help?
IBG Consulting has a large base of clients in Creative City, Fujairah whose business was setup successfully in this free zone. This includes Al Barkah Events Management, a startup which chose to partner with IBG Consulting to start their business journey in UAE. IBG Consulting presented a clear picture of the business setup framework to them, guided them through the entire process – from providing clarity on choosing the right free zone to obtaining the company trade license. Al Barkah Events Management team were regularly updated during the company formation, and were fully satisfied and expressed gratitude for the excellent professional consulting extended to them from our Senior Business Setup Consultant, Mr. Erano Sybico and the entire IBG team.
At IBG we undertake your business endeavors by constructing your business setup strategy into an A-Z plan so you don’t have to drown in paperwork or overhead costs. As professionals with several years of experience, we offer extensive company formation services across all emirates of UAE including Fujairah, Ajman, Dubai, RAK and Umm Al Quwain.