While 6 out of 7 emirates in the UAE have coastlines on the Persian Gulf, Fujairah has its coastline on the Gulf of Oman. The emirate occupies 1.5 percent of the UAE’s total land mass, features mountainous terrain and is home to two free zones – Fujairah Free Zone and Fujairah Creative City free zone. The former is governed by Fujairah Free Zone Authority and the latter’s day to day affairs are handled by Fujairah Culture and Media Authority. Together, they drive Fujairah’s economy and contribute to the UAE’s financial wellbeing as well.
Fujairah, one of the seven emirates of the United Arab Emirates, stands as the fifth largest and unique in having its coastline exclusively along the Gulf of Oman. Within Fujairah, there exist two prominent Free Zones, namely Fujairah Creative City and Fujairah Free Zone, both of which offer a diverse range of licensing options. In comparison to Free Zones situated in Dubai, these alternatives are notably cost-effective, making them particularly appealing to startups and independent professionals who may not necessitate physical office space.
Fujairah Creative City caters to a wide spectrum of business sectors encompassing media, events, consulting, education, communication and marketing, music and entertainment, design, and technology. On the other hand, Fujairah Free Zone enjoys proximity to the Port of Fujairah and the Fujairah International Airport, focusing its services on trading entities, service providers, logistics companies, and manufacturers.
Fujairah Creative City (FCC), overseen by the Fujairah Culture and Media Authority, provides benefits such as:
Establishing a company in the Fujairah Free Zone (FFZ), managed by the Fujairah Free Zone Authority, presents the following advantages:
Additionally, the Fujairah Free Zones offer various benefits, including efficient license issuance and flexible package options. FCC ensures a registered address in one of its Dubai-based business centers, with amenities accessible for short-term stays, reducing the need for travel to Fujairah. FFZ expedites license issuance, immigration card processing, and offers diverse package options, including warehouse spaces, land plots, offices, and virtual offices.
For those considering establishing a company in the Fujairah Free Zone, the initial due diligence requires the following documents from all shareholders/directors:
It's important to note that detailed business plans may be requested by the Free Zones, depending on the nature of the proposed new company. Templates are available to assist in this process.
For those with questions about Fujairah Free Zone Companies, we've compiled a list of frequently asked questions (FAQs):
1. What are the statutory requirements for a Free Zone Company?
Each Free Zone operates under its governing authority, so requirements may vary. There are two types of companies that can be established in the Free Zone - a Sole Establishment (FZE) with one shareholder and a Free Zone Company (FZCO) with two or more shareholders. Both individual and corporate shareholders are permitted. A manager must be appointed for the company to handle day-to-day operations, manage the bank account, and sign contracts. The manager must be a UAE resident or have the intention of taking up residency.
2. Will I receive a license once the company is incorporated?
Yes, all Free Zone companies are issued a trade license specific to their business activity.
3. Can I have a physical office in Dubai with a Fujairah Free Zone Company?
No, a registered address within the Free Zone itself is required if physical office space is needed."
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Business setup in Fujairah Creative City is a cost-effective proposition vis-à-vis the Dubai-based free zones, the fee module is as under:
(FZE only: all-inclusive package, with e-channel, one-visa for owner)
Business setup in Fujairah CC is not that cumbersome, provided a few simple steps are followed. However, if it’s a task, Danburite Corporate can walk you through with years of experience, compliance knowledge and commitment to your needs.
Establishing a business within Creative City emerges as an excellent choice that aligns with various business needs. This includes the allocation of three-year residency visas, cost-effectiveness, suitability for different business activities, flexible desk or office space options, simplified auditing procedures, and adaptable share capital prerequisites, among other advantageous features
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