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Company Formation in Creative City, Fujairah

A brief introduction to and detailed information on requirements for company set up in Creative City Free Zone, Fujairah follow:
Following the Emiri Decree No. (4) for the year 2007, of His Highness Hamad Bin Mohammed Al-Sharqi, Ruler of the Emirate of Fujairah, and under the administration of Fujairah Culture and Media Authority, whose Chairman is His Highness Rashid Bin Hamad Al-Sharqi, a new media free zone was launched in the Emirate of Fujairah called Creative City, operated by Fujairah Media Group.

Types of Companies in Creative City, Fujairah
Particulars COMPANY / ORGANISATION (Actual Office Space) Local Branch Foreign Branch
No of Share Holders Required
Type of Share Holders
Share Holder Changes
Specific Documents Required Duly filled Licence Application Form Valid Licence copy of parent company Valid Licence copy of parent company
Clear, colour passport copy of owner(s) and / or person in-charge: Passport copies of owners & person in-charge Passport copies of owners & person in-charge
– first page and/or page containing valid passport information, such as extension page, etc. Copy of Articles of Incorporation Board Resolution stating that all shareholders have agreed to set-up a branch in Creative City
– residence page or valid UAE entry permit stamped in passport Board Resolution stating that all shareholders have agreed to set-up a branch in Creative City Company documents of the parent company – all originals and 1 set copy. The originals of Articles of Incorporation, Board Resolution, Certificate of Incorporation, Share Certificates, etc., are required only for verification by Creative City management, and shall be returned soon after.
– Clear, colour copy of last page for Indian nationals only / 2nd page for Pakistani nationals Power of Attorney (2 copies), if the owner(s) appoints another person to function in a managerial capacity on their behalf. The power of attorney should describe in detail the rights of the person in-charge, especially with regard to applying for company visas, opening or operating bank account, employee issues, etc. Power of Attorney (2 copies), if the owner(s) appoints another person to function in a managerial capacity on their behalf. The power of attorney should describe in detail the rights of the person in-charge, especially with regard to applying for company visas, opening or operating bank account, employee issues, etc.
Description of company activity NOC from the licence-issuing authority of the parent company
Power of Attorney (2 copies) if there is more than one owner and the person in-charge is only one among them, or if the person in-charge is different from the owner(s). The power of attorney should describe in detail the rights of the person in-charge, especially with regard to applying for company visas, opening or operating bank account, employee issues, etc.
If owner / person in-charge is a UAE national, colour copy of Family book
and Emirates ID card
Note: A person may apply for more than one licence.
Additional Documents required for the following activities:
Financial Consultancy Legal Consultancy Publishing TV Broadcasting
Undertaking letter Undertaking letter Detailed description about the contents of the Magazine / publication. Detailed description and contents of the TV channel.
Copy of owner’s educational qualification pertaining to requested activity Copy of owner’s educational qualification pertaining to requested activity A Dummy of the publication.
Prerequisites for Approval from National Media Council, Abu Dhabi
Publication TV Broadcasting
Licence copy Licence copy
Duly filled application form of National Media Council for publishing Form for applying with National Media Council for broadcast licence.
Colored passport copy of owner(s) Coloured passport copy of owner(s)
2 Passport size photographs of owner(s) 2 Passport size photographs of owner(s)
Detailed description about the contents of the publication, including the following details: Business plan
o Intended target group
o Language of publication
o Type of publication (if book / directory / booklet, etc.)
o Theme / subject of publication
o Frequency of issue
o any other information deemed important.
Dummy of publication (it should contain information that the publication is part of Creative City, by including the CC logo within the magazine) TV profile and logo
Soft copy of dummy publication
Types of Licenses for company set up in Creative City, Fujairah
Particulars COMPANY / ORGANISATION (Actual Office Space) BABY BUSINESS FREELANCER COMPANY COMMERCIAL LICENCE – FZ LLC (More than one Shareholder) COMMERCIAL LICENCE – FZE – (One Owner)
New License AED 13,500 AED 13,500 AED 13,500 AED 14,000 AED 11,000
One-time Registration AED 4,000 AED 4,000 AED 4,000
Office Space Lease (annual) (Minimum Space 500 sq.ft @ AED 50 per sq.ft) AED 25,000
Office Desk Facility AED 12,500 AED 7,500
Number of visas available Up to 12 Visas Available Up to 8 Visas Available Up to 3 Visas Available No Visa Available No Visa Available
License Renewal cost Licence Renewal Cost: AED 12,500 + Space Renewal License Renewal – 26,000/- AED License Renewal – 20,500/- AED Licence Renewal – 13,000/- AED Licence Renewal – 10,000/- AED
Other information Office Desk Facility Services include private telephone line, online support, receptionist, Internet access, Facsimile, Sign Board, P. O. Box, Conference Room (subject to availability and booking) and PRO services Office Desk Facility Services include P.O. Box / free in-house PRO services
Optional Services for company set up in Creative City, Fujairah
Charges for additional services in Creative City, Fujairah
Additional Activity AED 5,000
Visa Charge without Medical AED 4,250
Employment Agreement Attestation AED 300
Business Segments and Activities for company set up in Creative City, Fujairah
BUSINESS ACTIVITIES SEGMENT ACTIVITIES
Audio & Visual TV Broadcasting, Production, TV Management
Audio Audio / Radio Management
Media & Marketing Advertising Agency, Public Relations Agency, Direct Marketing, Sales Promotion, Outdoor Advertising, Media Placement, Media Representation, e‐Services, Specialty Communication & PR, Branding and Corporate Identity, Intellectual Property Rights Management.
Publishing Newspapers, Magazines, Educational / Consumer Books, Promotional Content, Online & Electronic Content, e‐books, Directories and Guides.
Event Management Sports Management and Promotion, Business Events / Conferences Organizing and Management, Event Production, Event Ticketing, Exhibition Organization and Management, Festival Organization and Management, Live Theatrical Shows Management and Promotion, Performing Arts Management, Choreography, Hospitality Management Consultancy.
Media Support Services Research & Information, Planning and Buying, Content Production, Media Monitoring, Graphic Design, Media Archiving & Distribution, Systems Integration Services, Media Equipment Rentals.
Media Consultancy Marketing Consultancy, Market Research Consultancy, Concept & Design Consultancy.
New Media Digital and Interactive Game Development, Internet Gaming Broadcasting Hardware & Equipment, Digital Media Library, Distribution and Management, Digital Signage Development and Management, Interactive Services, Media Hardware Equipment and System Integration, Multimedia Software Development and System Integration, Web Design and Management, Web Hosting, Web Analytics and Development, Search Engine Optimization, Server Consolidation
Business Information News Agencies, Research and Information Services, Helpdesk Services
Film / Production / Post‐Production Film Production & Distribution, Media Content Management & Provider, Film Content Rights Management, Production, Post Production and Animation
Music & Entertainment Music Production & Recordings, Music Distribution, Music Promotion & Management, Music Publishing, Music Label & Rights Management, Theme Parks Management
Information Technology Consulting, AUTOCAD, e‐Commerce, Network Management, Information Security and Lifecycle Management, Identity Management, Virtualization, IT Strategy, IT Security and Risk Management.
Consultancy Management Consultancy, Legal Consultancy, Accounting & Auditing Consultancy, Human Resources Consultancy, Project Management, Marketing Research, Project Delivery and Programmed Management, Business Continuity and Disaster Recovery Planning, Lifestyle Consultancy.
Design Interior Design, Architecture, Commercial Interior Design, Space Planning, Concept Design.
Education Education, Training, Online Education.
Import, Export Media Technology, IT Related.
Amendments in the Company / Licence

“At any time after your company registration, you may apply for changes in your company such as for share transfer, change of shareholders / company name / activity / person in-charge, etc. The changes approved by Creative City management should be reflected in your company licence, Certificate of Incorporation and Shares Certificate.
When applying for changes, the client should submit all sets of the original Articles of Incorporation, and each copy will be attached with ‘Addendum to Memorandum’ which details the requested changes. We shall stamp the original articles and Addendum that they are to be appended to each other, and that one is incomplete without the other. Furthermore, it is mandatory that the licence number be mentioned in both the original articles and Addendum.
Amendment requested during licence renewal will be free of charge.
Board Resolution signed by all shareholders approving the requested change, along with all the original documents (licence, share Certificates, Certificates and Articles of Incorporation) should be submitted to Creative City.”

To change company name To change the Business Activity To add / remove shareholder / make changes in the shareholding structure: To change the Person In-charge / Manager: To change the Employee
Procedure “a) Publish a notice / advertisement in any leading newspaper of the UAE, including the following details:
– Old company name
– Desired new company name
– Licence number
– Reasons for company name change
Note: anyone may raise an objection regarding the change in company name and inform Creative City on info@ccfz.ae / T: +971 9 2283556 / F: +971 9 2283756, with the reasons for objection within five days from the date of advertisement.”
“Fees for amending shareholding structure:
• To change from FZE to FZ LLC: AED 3,000
• Any shareholding amendment within an FZE or within an FZ LLC or from FZ LLC to FZE: AED 2,000

“Fees for amending shareholding structure:
• To change from FZE to FZ LLC: AED 3,000
• Any shareholding amendment within an FZE or within an FZ LLC or from FZ LLC to FZE: AED 2,000

Prerequisites for selling shares to an Individual:
– Licence Amendment Application form
– All original documents (licence, Articles of Incorporation, Certificate of Incorporation, Shares Certificate)
– Coloured passport copy of the buyer and seller (of shares)
– Sale of Shares document
– ‘Addendum to Memorandum’
– Board Resolution mentioning the changes
Processing time: 4-5 working days

Prerequisites for selling shares to a Company:
– Licence Amendment Application form
– All original documents (licence, Articles of Incorporation, Certificate of Incorporation, Shares Certificate)
– Purchaser’s Trade Licence
– Coloured passport copy of the purchasing company’s owner(s)
– Sale of Shares Certificate
– ‘Addendum to Memorandum’
– Board Resolution of purchasing company mentioning the changes
– Power of Attorney in favour of purchaser (attested by Emiri Court, Fujairah): AED 200
Processing time: 4-5 working days

Note: The seller and the buyer of shares must come in person either to Fujairah Media or to any of our representative offices in Dubai to sign the new Articles of Association. This is to ensure that a representative from Creative City or an agent witnesses the clients’ signature on the Articles and the same representative should put his/her own name with signature and date on all sets of Articles of Incorporation.”

“If there are no slots available on the company’s visa allocation:
o The owner may cancel an existing employee’s visa. (refer 17.0 of Visa and Immigration Guide: ‘Visa Cancellation’). Once cancelled, the owner may apply for new employee’s visa.
Or
o The owner may upgrade his company to increase his visa availability.”
b) Letter of consent from the bank regarding the name-change.
Documents required • Duly filled licence amendment application form • Duly filled licence amendment application form • Duly filled licence amendment application form
• Passport copy of owner(s) / person in-charge • All original documents (licence, Articles of Incorporation, Certificate of Incorporation, Shares Certificate) • Colour passport copy of new person in-charge
• All original documents (licence, Articles of Incorporation, Certificate of Incorporation, Shares Certificate) • ‘Addendum to Memorandum’ • All original documents (licence, Articles of Incorporation, Certificate of Incorporation, Shares Certificate)
• ‘Addendum to Memorandum’ • If LLC, a Board Resolution is also required. • ‘Addendum to Memorandum’
• If LLC (more than one owner), a Board Resolution is also required. • The fee for applying for additional activity is AED 5,000. • If LLC, a Board Resolution is also required.
• Fee: AED 2,000/- • Fee for the change request is AED 2,000/-
The new company documents will be ready in 5 working days. The new company documents will be ready in 5 working days. The new company documents will be ready in 5 working days.
Owners / manager must inform his bank regarding the changes in his company.
License Renewal for companies in Creative City, Fujairah

Licences are subject for renewal on an annual basis.

Renewal Requirements • Owner / person in-charge should send a request email to info@ccfz.ae
• Renewal fees must be paid in advance before the renewal is processed (Please see 4.0 for how to pay the licence renewal fees)
Note: In case of any default by the registered companies, the Creative City management may impose termination of company licence against its shareholders, in compliance with the Regulations or terms and conditions of the Articles of Incorporation.
Documents required for license renewal • Duly filled Licence Renewal Form
• Clear, colour passport copy of owner(s) and / or person in-charge:
o first page and/or page containing valid passport information, such as extension page, etc.
o residence page or valid UAE entry permit stamped in passport
o Clear, colour copy of last page for Indian nationals only / 2nd page for Pakistani nationals
• Power of Attorney if there is more than one owner and the person in-charge is only one among them, or if the person in-charge is different from the owner(s). The power of attorney should describe in detail the rights of the person in-charge, especially with regard to applying for company visas, opening or operating bank account, employee issues, etc.
• If owner / person in-charge is a UAE national, colour copy of Family book and Emirates ID card
• Renewal fees
In the event of non-renewal of licence: • All companies under Creative City should renew their licence, within one month after the expiry date of their licence.
• AED 100 will be charged for each day after the allowed grace period (30 days after the expiry date of the company licence). A maximum penalty for up to 60 days or an amount of AED 6,000 may be charged.
• Penalty of AED 5,000 for each valid visa issued under the company will also be charged.
• Additionally, please be informed that most banks freeze the bank accounts of companies whose licences have expired. Therefore, we highly recommend that all our clients renew their licences before the expiry date.
License cancellation fee AED 2,000

Get in touch with us by clicking the button below to discuss details, questions and concerns regarding your company set up in Creative City Free Zone, Fujairah.

 

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