Business Setup In Fujairah Creative City (FCC) Free Zone
Business Setup In Fujairah Creative City (FCC) Free Zone
At Prodigy Corporate Services, we understand the unique needs of creative professionals and businesses. As a leading business setup company in Dubai, UAE, we are proud to partner with FCC in assisting individuals and organizations in establishing their presence and thriving within this creative hub.
Fujairah Creative City offers a plethora of benefits for companies in various creative sectors, including media, design, IT, consulting, and many more. By choosing FCC as your business destination, you gain access to a range of advantages that foster growth, innovation, and collaboration.
One of the key advantages of FCC is its streamlined business setup process. With the expertise of Prodigy Corporate Services, setting up your company becomes a hassle-free experience. Our team of seasoned professionals will guide you through the registration process, ensuring compliance with local regulations and maximizing efficiency.
In addition to the smooth setup process, FCC provides an environment conducive to creativity and innovation. The free zone offers state-of-the-art infrastructure, modern office spaces, and advanced communication facilities, all designed to meet the specific requirements of creative businesses. This infrastructure, combined with Prodigy Corporate Services’ comprehensive business solutions, equips you with the tools you need to succeed.
FCC also fosters a vibrant community of creative professionals, encouraging networking, collaboration, and knowledge sharing. Through events, workshops, and industry-specific initiatives, you have ample opportunities to connect with like-minded individuals and businesses, paving the way for potential partnerships and growth.
As Prodigy Corporate Services, we are committed to empowering entrepreneurs and businesses in the creative industry. Our extensive range of services includes company registration, licensing, visa assistance, and ongoing support. We take pride in offering tailored solutions that align with your unique business goals, ensuring your success in FCC.
Whether you are a freelancer, a startup, or an established enterprise, Fujairah Creative City offers a compelling ecosystem that fuels your creative ambitions. Let Prodigy Corporate Services be your trusted partner in realizing your vision, guiding you every step of the way.
Process to Register the company in Fujairah Creative City (FCC) Free Zone
The process of setting up a company in Fujairah Creative City (FCC) involves several steps. Here’s a general overview of the process:
- Determine Business Activity: Identify the nature of your business activity and ensure it aligns with the offerings allowed within FCC. FCC caters to a wide range of creative sectors, including media, design, IT, consulting, and more.
- Choose a Company Type: Select the appropriate company type for your business, such as a Free Zone Establishment (FZE) for a single shareholder or a Free Zone Company (FZC) for multiple shareholders.
- Select a Business Package: FCC offers different business packages with varying benefits and features. Choose a package that suits your requirements and budget. These packages often include amenities such as office space, visa allocation, and additional services.
- Submit Application and Documents: Prepare the necessary documents for company registration, which typically include your passport copies, business plan, No Objection Certificate (NOC) if applicable, and other relevant paperwork. Submit the application along with the required documents to the FCC authorities.
- Company Name Approval: The authorities will review your proposed company name. It should adhere to FCC’s naming guidelines and be unique and distinguishable from existing businesses.
- Issuance of Initial Approval: Once your company name is approved, you will receive an Initial Approval Certificate from FCC. This certificate allows you to proceed with the next steps of the setup process.
- Payment and Legal Documents: Pay the required fees for your chosen business package. You will also need to sign the necessary legal documents, including the Memorandum of Association (MOA) and other relevant agreements.
- Office Space and Ejari Registration: Select your office space within FCC and complete the Ejari registration process, which is necessary for obtaining your business license.
- Visa Application: If you require visas for yourself or your employees, submit the necessary visa applications along with the required documents. FCC provides visa allocation based on the business package you have chosen.
- Obtain Business License: Once all the documents are submitted and the necessary payments are made, you will receive your FCC business license. This license grants you the legal authority to operate your business within FCC.
- Commence Business Activities: With your business license in hand, you are now ready to start your operations within Fujairah Creative City. Make sure to fulfill any ongoing compliance requirements and renew your licenses annually.
Documents required to register a company in Fujairah Creative City (FCC) Free Zone
To get started with the company registration process in Fujairah Creative City (FCC), you will typically need the following documents:
- Passport Copies: Clear copies of passports for all shareholders, directors, and shareholders’ representatives. Passports should be valid for at least six months.
- Visa Page Copies: Copies of the visa pages of all shareholders, directors, and shareholders’ representatives, if applicable.
- Personal Photographs: Recent passport-sized photographs of all shareholders, directors, and shareholders’ representatives.
- Business Plan: A comprehensive business plan outlining your company’s objectives, activities, market analysis, and financial projections.
- No Objection Certificate (NOC): If you are a UAE resident or have an existing UAE company, you may need to provide a No Objection Certificate from your current sponsor or company, allowing you to establish a company in FCC.
- Power of Attorney (POA): A Power of Attorney may be required if you appoint a representative to complete the registration process on your behalf. The POA should be notarized and attested.
- Memorandum of Association (MOA): The MOA is a legal document that outlines the company’s structure, activities, and shareholders’ details. It needs to be signed by all shareholders in the presence of a notary public.
- Specimen Signature: Provide a specimen signature of all shareholders, directors, and shareholders’ representatives.
- Proof of Address: A recent utility bill or bank statement displaying the residential address of all shareholders, directors, and shareholders’ representatives.
- Bank Reference Letter: A bank reference letter for each shareholder, director, and shareholders’ representative, confirming the account holder’s good standing with the bank.
Benefits of registering a company in Fujairah Creative City (FCC) Free Zone
- Strategic Location: FCC is strategically located in the emirate of Fujairah, providing businesses with access to global markets. Its proximity to major ports, airports, and transportation networks facilitates efficient import and export activities.
- 100% Foreign Ownership: FCC allows 100% foreign ownership of companies, providing investors with full control over their businesses. This ownership structure is a significant advantage compared to mainland setups in the UAE, where local sponsorship is typically required.
- Tax-Free Environment: One of the most attractive aspects of FCC is its tax-free environment. Businesses operating within FCC are exempt from corporate and personal income taxes, capital gains tax, and withholding tax. This favorable tax regime contributes to increased profitability and financial flexibility.
- Easy Company Setup: Setting up a business in FCC is a streamlined and efficient process. The free zone offers a straightforward registration procedure, enabling entrepreneurs to establish their companies quickly and with minimal bureaucracy. The assistance of business setup service providers, such as Prodigy Corporate Services, can further simplify the setup process.
- Wide Range of Business Activities: FCC accommodates a diverse range of creative industries, including media, design, technology, consulting, education, and more. This broad scope of business activities allows entrepreneurs to explore various sectors and capitalize on their expertise.
- State-of-the-Art Infrastructure: FCC provides modern infrastructure and world-class amenities to support business operations. This includes well-equipped office spaces, advanced telecommunications systems, high-speed internet connectivity, and access to cutting-edge facilities.
- Business Support Services: FCC offers comprehensive business support services to facilitate the growth and success of companies. These services include assistance with company registration, licensing, visa processing, legal and administrative support, and access to networking events and industry-specific initiatives.
- Networking and Collaboration Opportunities: FCC fosters a vibrant community of creative professionals, encouraging networking and collaboration. The free zone hosts events, workshops, and seminars where like-minded individuals and businesses can connect, exchange ideas, and form partnerships, creating synergies and unlocking new opportunities.
- Intellectual Property Protection: Intellectual property rights are safeguarded within FCC. Businesses can enjoy a secure environment for their creative works, inventions, trademarks, and copyrights, ensuring that their innovations are protected.
- Flexibility and Freedom: FCC offers flexible business packages tailored to the specific needs and budgets of entrepreneurs. These packages provide options for office space, visa allocation, and additional services, allowing businesses to scale up or down according to their requirements.
Exact cost of registering a company in Fujairah Creative City (FCC) Free Zone
The cost of setting up a business in Fujairah Creative City (FCC) can vary based on your specific requirements and the business package you choose. Please note that the following figures are approximate and may be subject to change. The costs are typically denominated in AED (United Arab Emirates Dirham).
- Business Packages:
- Freelancer Package: Starts from around 11,500 AED per year.
- Business Club Package: Starts from around 14,000 AED per year.
- Bronze Package: Starts from around 18,500 AED per year.
- Silver Package: Starts from around 25,500 AED per year.
- Gold Package: Starts from around 38,500 AED per year.
- Platinum Package: Starts from around 50,000 AED per year.
- Office Space:
- The cost of office space within FCC can vary based on the size, location, and amenities provided. Office space rental starts from approximately 9,000 AED per year for a small office.
- Additional Services:
- Additional services such as visa processing, company stamp, PRO services, and other optional add-ons can incur additional costs. The fees for these services will depend on your specific requirements.
It’s important to note that these costs are indicative and may vary based on individual circumstances, promotions, and any updates to FCC’s pricing structure. It is advisable to consult with a reputable business setup service provider or directly contact Fujairah Creative City for accurate and up-to-date cost information specific to your business needs.
FAQ'S
Frequently Asked Questions
What is Fujairah Creative City (FCC)?
Fujairah Creative City is a free zone located in the emirate of Fujairah, UAE, dedicated to fostering creativity and innovation across various industries, including media, design, technology, education, consulting, and more.
What are the advantages of setting up a business in FCC?
Some key advantages of FCC include 100% foreign ownership, a tax-free environment, streamlined company setup process, modern infrastructure, access to a vibrant creative community, and comprehensive business support services.
What types of businesses can operate in FCC?
FCC accommodates a wide range of creative industries, including media production, publishing, advertising, design, architecture, IT services, e-commerce, consulting, education, and many others. The free zone welcomes various business activities within the creative sector.
Can individuals or freelancers register their businesses in FCC?
FCC offers specific business packages tailored for freelancers and individuals. These packages provide cost-effective solutions for independent professionals to establish their presence and benefit from FCC’s facilities and services.
Are there any restrictions on nationality or residency to set up a business in FCC?
No, FCC is open to entrepreneurs of all nationalities, and there are no residency restrictions for establishing a company. Both UAE residents and non-residents can set up their businesses in FCC.
Can I operate outside of FCC with my FCC license?
FCC licenses allow you to operate within FCC and take advantage of the benefits provided by the free zone. However, if you wish to conduct business outside of FCC, you may need to explore options such as obtaining additional licenses or setting up branches in other jurisdictions.
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