UAE Wealth.info

We offer a service of registration of a company in the UAE in the free trade zone “Creative City Fujairah” that is located in the emirate Fujairah.

A company can be registered without personal presence of a founder in the UAE, provided that a founder had already visited the UAE and can present a scanned park in a passport on visiting the UAE (visiting the UAE as a tourist is also applicable).

A company allows executing resident visas UAE for owners and employees of a company.

A free zone offers different companies for registration, while for some of them it is not necessary to rent a real physical office but a rented “dedicated” or “shared” desk is suitable (rented table in an office).

It is possible to establish a company with a freelancer’s license.

A free zone was established in the emirate Fujairah in 2007 to create conditions and promote activity in the sphere of innovations, art, media communications, design and technologies.

A trade zone is especially attractive for business that flows along with creative trends.

This zone is often used to register companies that require a service license for working in such directions as marketing, broadcast management, publishing, media services, consulting, music and entertainment, radio broadcasting, shooting, information-technical maintenance, news agencies, design, and education.

“Creative City Fujairah” is located near the ocean port, in close proximity to the International airport “Fujairah”. This beneficial location allows the trade zone provide its clients the available global trade markets not only on shore, but also by water and air.

Peculiarities of registration of company in the UAE in the free zone “Creative City Fujairah”

All license owners may perform only their approved types of activities. In breach of this condition, violators can be charged with penalties and subjected to legal proceedings.

All companies should open a bank account in the UAE.

At the moment of registration of a license or at its prolongation, the period of validity of a license can be selected – one to three years, and a corresponding fee should be paid. Nevertheless, after a fee for license prolongation is paid, it cannot be returned.

For extra payment, it is possible to order prompt processing of a statement for issuance of a license for a company.

For citizens of certain countries, it is necessary to obtain prior approval before processing an application for license issuance. Potential owners of companies should notify of their citizenship and place of birth, so that to evaluate if prior approval for them is mandatory. Meanwhile, a positive decision on prior approval does not guarantee a positive decision regarding issuance of the “Establishment Card” and UAE visa, as these issues are solved at the discretion of the Migration Committee of Fujairah; their issuance and terms do not anyhow depend on a free zone.

When filing an application for registration of a new company or application for prolongation, a client should provide a document listing types of activities of a company and signed by an owner or authorized person.

• Company with one owner-natural person is called FZE (“Free zone establishment”), responsibility of such a company is not limited.
• Company with multiple owners-natural persons or a corporate owner(s) is called FZ LLC (“Free zone limited liability company”), responsibility of such a company is limited with a capital invested by each owner.

All license owners should prolong their licenses after expiry.

A license should be prolonged or cancelled in a thirty-day period from the date of expiration. Nevertheless, clients are recommended to meet all the requirements for prolongation or cancellation of a license at least 15 working days prior to expiration of a beneficiary period of a license.

If a license is not prolonged or cancelled within a defined term, a penalty can be charged in amount 200 dirham (54.5 dollars) per month. Besides, if a license also has an “Establishment card”, then after 29 days from the moment of expiry an “Establishment card” a penalty will be charged in amount 1,100 dirham (300 dollars), and then a penalty of 100 dirham (27.3 dollars) per month.

After 90 days upon expiry of validity term of a license, a free zone may apply legal measures and request to pay the penalties regarding licenses and UAE visas issued for a company.

All license owners may settle any legal issues with a free zone having paid 5,000 dirham (1,370 dollars) for each UAE visa of a company in addition to fees for prolongation or cancellation.

A license owner may cancel a license at any time after meeting all the requirements regarding cancellation of licenses, among which are fees for cancellation and return of original documents of a company, and if necessary, payment of penalties for expired visas and closing a bank account.

All the original documents of a company issued by a free zone must be returned at cancellation of a license. If failed to meet this requirement, an application on lost documents must be filed to the police.

A free zone provides a replacement for lost original documents.

A free zone may temporarily stop providing all services to a client if there are any unpaid late payments.

A free zone is not obliged to return any sums paid for a license, is an “Establishment card” was recalled by the Migration Department. Still, by decision of management a fee can be returned by reduction of administrative payments at least for 10% upon obtaining a request for return from a client.

Requests for return cannot be accepted if three months have passed since issuance of a trade license.

Companies may not open an actual office outside a free zone, except a case where a free zone was given an official application for opening a branch office, and in case of approval on the part of the administration of free zone and other respective governmental and non-governmental departments. Companies may nit own a private postbox, address, etc., without approval of a free zone.

Any company may file a request for alteration of a license by adding, removal, changing types of activity, shareholders, authorized signatories, changing company name or increasing the level of license pack.

For such packs as “Baby Business” and “Freelancer”, decreasing the pack level is not possible.

Any changes in company name must be published in a UAE newspaper. A statement should contain the previous company name, the new name, the number of the license and the reason for change. A license owner should also request the bank’s approval.

Companies must notify a free zone of any changes in contact details, data of owner’s passport and responsible persons without delay, to update the company data.

Requirements to execution of a license, visa, etc. can change, and the management of the free zone can request any additional documents it finds necessary.

UAE visas during registration of company in the UAE in the free zone “Creative City Fujairah”

Resident UAE visas issued by the free zone “Creative City” are valid for 3 years; a company should provide that all its visa owners had valid UAE visas and should provide that its visas for employees were prolonged or cancelled before expiry.

A free zone is not responsible for payment of any late penalties that may accumulate as result of delayed approval of visas, etc.

A free zone is not responsible for any applications for UAE visas declined by the Migration Department.

Companies may choose prompt execution of visas with payment of extra fees. Nevertheless, terms of visa execution will correspond to the pace of migration procedures.

If a visa is declined by security reasons, then a free zone may return fees with deducted administrative expenses. A free zone is not obliged to return any sums paid for a visa, if a visa was declined or was not prolonged by any other reasons.

If a responsible person or last holder of a visa in a company wishes to cancel his/her UAE visa, then a company must pay a special deposit to perform cancellation of a visa. This sum will be used as a fee for cancellation of a license at the moment when a client notifies a free zone that he/she wants to cancel a license. Any extra fee for cancellation or a penalty charged at the moment of actual receipt of a cancellation request should be paid by a client

No company registered in the UAE in the free zone “Creative City” is allowed to exceed the number of visas UAE permitted for its license. When meeting certain conditions, a free zone may allow a limited number of additional UAE visas.

A free zone considers any claims from any employee of any company, investigate them, and take necessary measures to solve these issues.

All license owners should regulate their financial obligations before their employees (salaries, premiums, paid leaves, etc.) according to the hire agreement signed by both parties and subject to the UAE legislation.

A company may not request blocking visas of its employees without providing legal grounds.

Companies registered in the UAE in the free zone “Creative City” may not request employee visas for any persons not employed by a company. Otherwise, a company will be responsible and will be charged with a penalty.

A resident visa UAE becomes invalid if a visa owner leaves the UAE for more than 6 consecutive months.

Offered packs for company registration in the UAE in the FTZ “Creative City”

Pack “COMPANY / ORGANISATION” (with real office)

This pack provides rented physical office in the “Creative City Fujairah” at a competitive price.

The pack includes:

• Trade license with validity period 1 to 3 years.
• “Establishment card” 1 to 3 years.
• Possibility of obtaining up to 30 visas UAE.
• Office rental agreement in the free zone.

Price for registration of company in the UAE in the FTZ “Creative City” with the pack “COMPANY / ORGANISATION”
New license	17,500 dirham (4,770 dollars)
Price at prolongation	17,500 dirham (4,770 dollars)

The price should be added with the cost of physical office rental.

Pack “Genius Package”

This pack is designed for companies with high HR requirements; it also provides prompt registration of a company with visa quote of 15 visas UAE.

The pack provides:

• Trade license with validity period 1 to 3 years
• “Establishment card” 1 to 3 years.
• Possibility of obtaining up to 30 visas UAE.
• Rented “combined or shared desk” (workplace). Services include online support, Internet access, placement of a corporate banner, postbox, conference room (upon prior booking), and internal professional service.

Price for registration of company in the UAE in the FTZ “Creative City” with the “Genius Package”
New license	15,500 dirham (4,230 dollars)
Registration of company	4,000 dirham (1,090 dollars)
“Combined desk” (workplace)	15,500 dirham (4,230 dollars)
Total:	35,000 dirham (9,550 dollars)
Price at prolongation	31,000 dirham (8,450 dollars)

Pack “Baby Business”

This pack is designed for small business and provides prompt registration of a company and minimum operation costs. The pack will suit small companies and allows obtaining up to 6 visas UAE.

The pack includes:

• Trade license with validity period 1 to 3 years
• “Establishment card” 1 to 3 years.
• Possibility of obtaining up to 6 visas UAE.
• Rented “combined or shared desk” (workplace). Services include online support, Internet access, placement of a corporate banner, postbox, conference room (upon prior booking), and internal professional service.

Price for registration of company in the UAE in the FTZ “Creative City” with the pack “Baby Business”
New license	13,000 dirham (3,550 dollars)
Registration of company	4,000 dirham (1,090 dollars)
“Combined desk” (workplace)	11,000 dirham (3,000 dollars)
Total:	28,000 dirham (7,630 dollars)
Price at prolongation	24,000 dirham (6,540 dollars)

Pack “Freelancer”

This pack perfectly suits startups; obtaining up to 4 visas UAE is allowed. This option grants all the benefits of regular registration of a company in the UAE in the free zone “Creative City”.

The pack includes:

• Trade license with validity period 1 to 3 years
• “Establishment card” 1 to 3 years.
• Possibility of obtaining up to 3 visas UAE.
• Rented “combined or shared desk” (workplace). Services include online support, Internet access, placement of a corporate banner, postbox, conference room (upon prior booking), and internal professional service.

Price for registration of company in the UAE in the FTZ “Creative City” with the pack “Freelancer”
New license	12,000 dirham (3,270 dollars)
Registration of company	4,000 dirham (1,090 dollars)
“Combined desk” (workplace)	9,000 dirham (2,460 dollars)
Total:	25,000 dirham (6,850 dollars)
Price at prolongation	21,000 dirham (5,730 dollars)

Pack “Commercial Plus One”

This pack is suitable for medium-sized companies and allows obtaining up to 2 visas UAE. A company may have only one owner.

The pack provides:

• Trade license with validity period 1 to 3 years
• “Establishment card” 1 to 3 years.
• Possibility of obtaining up to 2 visas UAE.
• Rented “combined or shared desk” (workplace). Services include online support, Internet access, placement of a corporate banner, postbox, conference room (upon prior booking), and internal professional service.

Price for registration of company in the UAE in the FTZ “Creative City” with the pack “Commercial Plus One”
New license, registration of company, etc.	20,000 dirham (5,450 dollars)
Price at prolongation	17,500 dirham (4,770 dollars)

Pack “Commercial FZ LLC”

This pack does not provide obtaining visas, but it lets a company have up to 30 shareholders.

The pack provides:

• Trade license with validity period 1 to 3 years
• Visas are not provided.

Price for registration of company in the UAE in the FTZ “Creative City” with the pack “Commercial FZ LLC”
New license, registration of company, etc.	17,000 dirham (4,640 dollars)
Price at prolongation	16,000 dirham (4,360 dollars)

Pack “Commercial FZE”

This pack does not provide obtaining visas, and lets a company have 1 shareholder.

The pack provides:

• Trade license with validity period 1 to 3 years
• Visas are not provided.

Price for registration of company in the UAE in the FTZ “Creative City” with the pack “Commercial FZE”
New license, registration of company, etc.	14,000 dirham (3,820 dollars)
Price at prolongation	13,000 dirham (3,550 dollars)

Obtaining new license for a company registered in the UAE in the free zone “Creative City Fujairah”

Requirements in obtaining a new license

To obtain a new license, it is necessary to provide:

• Properly completed application for obtaining a license;
• Precise color copy of passport owners(s) and responsible person:
  • first page and/or page containing actual passport information;
  • page with residency or valid permission for entering the UAE, stamped into passport (not mandatory for commercial license – FZE or FZ LLC);
  • citizens of India should provide a copy of the last page, citizens of Pakistan – copy of the second page;
  • if an owner or a responsible person is the citizen of the UAE, then a color copy of the “Family Book” and the “Emirates ID” should be provided.
• brief description of activity;
• power of attorney (2 copies) — in case of more than one owner and when a responsible person is one of them, or if a responsible person is not an owner. A power of attorney should describe in detail rights of a responsible person, especially regarding applications for visas UAE, regarding opening and managing a bank account, issues related to employees, etc.
• Example of signature.

Please also keep in mind that:

• All legal documents consisting of more than one page should be properly sealed.
• Power of attorney should be corresponded by a color copy of a valid passport of a responsible person.
• Administration of the free zone reserves the right to request any additional documents it finds necessary.
• Administration reserves the right to request additional attestation of the UAE embassy or other embassies, if necessary.
• Legal documents should be presented in English or Arabic language. Documents in any other language should be corresponded by a notarized translation into English or Arabic language.
• One person may appeal for more than one license.

To register a branch or an affiliate company in the UAE, while a parent company is registered in the UAE, the following is necessary:

• Official documents of a parent company – originals and set of copies (license, shareholder certificate, certificate of registration of company in the UAE, Memorandum of Association, etc.). Originals are only needed for verification by the administration of FTZ, and will be returned soon after. All originals of legal documents should be attested by the body that had registered the parent company.
• Color copies of passports of owners of the parent company and the responsible person.
• Certificate “Good Standing” of the parent company.
• Decision of the Board of the parent company stating that all shareholders agree with registration of a branch or registration of a company in the UAE in the free zone “Creative City” (2 originals).
• Power of attorney (2 originals) — if an owner(s) assigns other person to act in his name as a manager. A power of attorney should provide in detail rights of a responsible person, especially regarding application for obtaining UAE visas, opening a bank account and its use, and issues related to employees, etc.
• No objection certificate (NOC) from the body that issued the license of the parent company.

Please note that:

• Decision of the Board and/or power of attorney is required from an authorized signatory stating full name, citizenship and passport number.
• All legal documents should be attested by the body that registered the parent company.

To register a branch or affiliate company in the UAE, if a parent company is registered outside UAE, the following is necessary:

• Official documents of a parent company – originals and 1 set of copies (license, shareholder certificate, certificate of registration of company, Memorandum of Association, etc.). Originals are only required for verification by the administration of the free zone, and will be returned soon after. All the original legal documents should be attested by the country of origin and the UAE Ministry of Foreign Affairs.
• Color copies of passports of owners of a parent company and a responsible person.
• Certificate of “Good Standing” of a parent company.
• Decision of the Board stating that all shareholders agree with registration of a branch or registration of a company in the UAE in the free zone “Creative City” (2 sets).
• Power of attorney, if an owner(s) assign other person to act in his name as a manager. A power of attorney should provide in detail rights of a responsible person, especially regarding application for obtaining UAE visas, opening a bank account and its use, and issues related to employees, etc.

Please note that:

• An authorized signatory should have a decision of the Board and/or power of attorney stating full name, citizenship and passport number.
• All legal documents should be attested by the country or origin and the UAE Ministry of Foreign Affairs.

License extension for a company registered in the UAE in the free zone “Creative City Fujairah”

Documents necessary for extension of a license:

• Properly completed application for alteration of a license;
• Color copy of owner(s) passport with a valid UAE resident visa or valid UAE entry permit;
• All original documents should be returned to the free zone;
• In case with company LLC, a decision of the Board certifying a wish to extend a license is necessary;
• Payment of the fee for license extension.

Prolongation of license of a company registered in the UAE in the free zone “Creative City Fujairah”

A license is subject to prolongation on annual basis.

A fee for prolongation of a license should be paid in advance, before starting the prolongation procedure.

If a registered company fails to perform prolongation, the administration of the free zone may suspend a license.

Documents necessary for prolongation of a license:

• Properly completed application for prolongation of a license.
• Precise color copy of owner(s) passport and/or responsible person:
  • First page and/or page containing valid passport information;
  • Page stating residency or valid UAE entry permit (not mandatory for commercial license FZE or FZ LLC));
  • Precise color copy of the last page of the passport for citizens of India, and the second page for citizens of Pakistan;
  • If an owner or responsible person is citizen of the UAE, then a color copy of the Family Book and the “Emirates ID”.
• Power of attorney — if more than one owner and a responsible person is one of them, or if a responsible person is not an owner. A power of attorney should provide in detail rights of a responsible person, especially regarding application for obtaining UAE visas, opening a bank account and its use, hiring issues, etc.
• Brief description of type of activity.
• If a company is an owner, then a certificate of “Good Standing” of an owner-company should be provided.
• Payment of a prolongation fee.

Non-prolongation of a license:

• All companies registered in the UAE in the FTZ “Creative City” should prolong their licenses within one month upon expiry of their license term.
• After the permitted beneficiary period (30 days after expiry of the license term) each month is charged with a penalty in amount of 200 dirham (54.5 dollars).
• If an “Establishment card” is not updated within a month after expiry of validity term, a client will pay a penalty in amount of 1,100 dirham (300 dollars) and 100 dirham (27.3 dollars) for each consecutive month.
• Penalty in amount of 5,000 dirham (1,370 dollars) for every applicable UAE visa issued through a company.

Moreover, most banks freeze bank accounts of companies which licenses had expired. Therefore, clients are strongly recommended to prolong their licenses before expiry.

A free zone may take any or all of the following legal measures against a company that fails to prolong a license:

• Cancellation of a license;
• Notification of different bodies of a personnel being under sponsorship of a company (having visas);
• Take legal measures against an owner(s) of a company.
• In exclusive cases, the administration of the free zone has full right to revoke visas of employees without approval of an owner or responsible person of a company.

Requirements and terms under certain types of activity when registering a company in the UAE in the free zone “Creative City Fujairah”

To register a company in the UAE in FTZ “Creative City Fujairah” with type of activities listed below, the following documents are necessary and the following conditions must be fulfilled:

Legal consultations

• Letter of commitment;
• Copy of owner’s document on education regarding the requested activity.

Education and training

• Not applicable for a commercial license.
• Copy of owner’s document on education regarding the requested activity.

Publishing

• Not applicable for a commercial license.
• Detailed description of contents of magazines/issues.
• Edition’s mock-up.
• Approval for edition from the National Media Council, Abu Dhabi.

Terms for approval of a new edition by the National Media Council:

• Letter to the National Media Council with request from a free zone.
• Copy of company’s
• Application to the National Media Council, properly completed and signed by each owner.
• Color copy of passport of each owner.
• Two photos of passport size for each owner.
• Edition details, including the following information:
  • Brief description of the edition/magazine.
  • Editor’s column.
  • Editor’s column title.
  • Potential target group.
  • Publication language.
  • Publication interval.
  • Main topic of the edition.
  • Any other information that the applicant finds important.
• Three mock-ups of the magazine (all magazine should contain information that the magazine is the part of the free zone “Creative City”, including the logo “Creative City” in the magazine).
• Electronic copy of the edition’s mock-up.
• Magazine’s site.
• Contact phone numbers of all owners and responsible person of a company.
• Contact phone number of responsible person of a magazine.
• License requirements and obligations of a license owner should be signed by a responsible person.

TV broadcasting

• Prior approval of the administration of the free zone is necessary.
• A real office premise is a mandatory condition.
• Detailed description and contents of a TV channel.
• Permission for TV broadcasting from the National Media Council, Abu Dhabi.

Terms for approval of TV broadcasting by the National Media Council, Abu Dhabi:

• Copy of a
• Application to the National Media Council for obtaining the broadcasting license.
• Color copy of owner(s) passport.
• Two photos of passport size for each owner(s).
• Business plan.
• Description of TV channel and logo.

Types of activities available at registration of a company in the UAE in the free zone “Creative City Fujairah”

Activity sector	Types of activity
Audio and video content	Audio and video products, managing broadcast, TV production, audio products, radio management
Broadcasting	TV and radio broadcasting, online broadcasting
Media and marketing	Advertising agency, advertising, PR agency, outdoor advertising, direct marketing, representative offices of mass media, services in the sphere of intellectual property, special communications and PR, international agency on collection of copyright, marketing research, services of Internet marketing, media services, PR services, e-commerce
Publishing	Newspapers, magazines, education / consumer books, online and electronic content, advertising content, e-books,  references and manuals
Event planning	Sport management, organization and holding conferences, organization of events, organization and management of exhibitions, selling tickets to events, organization and management of festival, management and promotion of live theater shows, management of performance art, choreography
Services on support of mass media	Media products, services on support of mass media, production of media content, media monitoring, graphic design, photography, archiving and distributing media, printing services, photo services, press services, media equipment for lease
Consulting	Marketing consultations, consulting on marketing research, consulting on concept and design, media consulting, media and marketing consultations, lifestyle consulting, bookkeeping and audit consulting, technical consulting, consulting on architecture, education consulting, legal consulting, business consulting, consulting on issues of travel and tourism, consulting on project management, consulting on HR issues, managerial consulting, engineering consulting, consulting on beauty, consulting on clothes design, consulting on hotel management, consulting on investment, consulting on logistics
Media services	Animation, animation photography, digital design, managing digital media, interactive services, managing development of software, digital media services, multimedia development, managing system development, web design, web hosting, technical maintenance
Business information	Information agency, information services, research services, support service, risk management, translation services, consulting on strategic planning, consulting services on strategic issues
Production	Art production and distribution, art services, film production, production and distribution of movies, post-production, program management, videography, services on video design, video production
Music and entertainment	Producing and recording music, music distribution, music publishing, promotion and management in the music sphere, managing rights for music labels, music education, managing theme parks
IT	IT consulting, IT services, e-commerce, AUTOCAD, services on network management, managing IT security, virtualization,  IT solutions, services on IT strategy, media technologies, import/export (in IT sphere)
Design	Consulting or services on interior design,  architectural services, building design, commercial interior design, consulting on conceptual design, designer services
Education	Education, business education, education services, online education, education in the sphere of performance arts, consulting on education issues, educational services

Certain types of activities, except the mentioned ones, may be approved upon client’s request, provided that the management of the free zone gives the permission.

Changing the type of activity

Business activity of a company can be changed or new types of activity can be added at any moment, provided that the selected type of activity is approved by the administration of the free zone.

To change/add a type of company activity, the following is necessary:

• Properly completed form on license change;
• All original documents of the company must be returned to the free zone;
• In case with company LLC with more than one owner the Decision of the Board is necessary (2 sets);
• Description of the new type of activity;
• Payment of the fee for changing the type of activity.

Documents of the updated company will be ready after 5 working days.

Documents provided to a client upon registration of a company in the UAE in FTZ “Creative City”

Upon registration of a company a client obtains the following documents:

• Trade license;
• Certificate of registration of a company in the UAE in FTZ “Creative City”;
• Shareholder certificate;
• Articles of Association / Memorandum of Association;
• Power of attorney (1 set attested by the free zone), if applicable;
• Office rental agreement (for combined or shared desk).

The free zone will notify you via e-mail or by phone on issuance of a trade license of a registered company. Issuance usually takes 4-7 working days from the moment of submitting the application.

A copy of the “Establishment card” will be sent 7-10 days after issuance of a trade license of a company (subject to approval of the Migration Service).

Opening bank account when registering a company in the UAE in FTZ “Creative City”

You may open a bank account for your company at any selected bank after you had received all documents of a company (trade license, shareholder certificate, certificate of registration of a company, articles of association).

Procedure of registration of a company in the UAE in FTZ “Creative City”

First, to register a company in the UAE in FTZ “Creative City” the following documents should be submitted:

• properly completed application for obtaining a license;
• color copy of passport of prospective owner(s) and responsible person (first page, page with residency or page with stamped entry permit UAE);
• description of type of activity;
• other documents that may be required.

After documents are checked and the name of the company approved, you will obtain the initial approval. Citizens of certain countries also need to undergo prior approval before registration of a company.

Then, after payment of the free to the free zone, the free zone issues a license, which takes 4-7 working days.

After a license is issued, a client can obtain original documents:

• Trade license;
• Certificate of registration of a company;
• Shareholder certificate;
• Articles / Memorandum of Association;
• Office rental agreement (real office or combined/shared desk);

After a client obtains originals of a company, he may open a bank account in any bank he prefers.

If you choose a license pack with visas, you need to address for the “Establishment card, after what a file of a company will be created in the Migration Service of Fujairah. The procedure takes 7-10 working days.

After the “Establishment card” is issued, you may obtain for visas UAE sponsored by a company.

Altogether, registration of a company takes 2-3 weeks on average.

Tax residency of the UAE – possibility of paying the tax only in the UAE, where the income tax is absent.  

Price for registration of company in the UAE in FTZ “Creative City”

Price for registration of a company includes fees of the free zone and the price of our assistance in registration.

Service	Price
Price for our assistance in  registration of company in the UAE in FTZ “Creative City”	From 2,200 dollars (8,000 dirham)
Our extra commission in case of registration of a branch or affiliate company	822 dollars (3,000 dirham)
Price for our assistance in  annual prolongation of a company	1,100 dollars (4,000 dirham)
Price for our assistance in  alteration of constitutive documents of a company	1,370 dollars (5,000 dirham)
Price for our assistance in  termination of a company	From 2,740 dollars (10,000 dirham)
Registration in the system “E-Channel”	1970 dollars (7,225 dirham). Security deposit 1,370 dollars (5,000 dirham) minus stationery and bank expenses is returned by the Ministry of Internal Affairs UAE after cancellation of a license.
Prolongation of the “E-Channel”	307 dollars (1,125 dirham)
Fee for visa UAE for 3 years (without account of cost of a medical test and a fee for the “Emirates ID”)	1,350 dollars (4,950 dirham)
Fee for cancellation of a license	818 dollars (3,000 dirham)
Price for registration of a company with the pack “COMPANY / ORGANISATION” (possibility of obtaining up to 30 visas UAE)
Registration of a new company	4,770 dollars (17,500 dirham) plus cost of office rental
Price at prolongation	4,770 dollars (17,500 dirham) plus cost of office rental
Price for registration of a company with the pack “Genius Package” (possibility of obtaining up to 15 visas UAE)
Registration of a new company	9,550 dollars (35,000 dirham)
Price at prolongation	8,450 dollars (31,000 dirham)
Price for registration of a company with the pack “Baby Business” (possibility of obtaining up to 6 visas UAE)
Registration of a new company	7,630 dollars (28,000 dirham)
Price at prolongation	6,540 dollars (24,000 dirham)
Price for registration of a company with the pack “Freelancer” (possibility of obtaining up to 3 visas UAE)
Registration of a new company	6,850 dollars (25,000 dirham)
Price at prolongation	5,730 dollars (21,000 dirham)
Price for registration of a company with the pack “Commercial Plus One” (possibility of obtaining up to 2 visas UAE)
Registration of a new company	5,450 dollars (20,000 dirham)
Price at prolongation	4,770 dollars (17,500 dirham)
Price for registration of a company with the pack “Commercial FZ LLC”
Registration of a new company	4,640 dollars (17,000 dirham)
Price at prolongation	4,360 dollars (16,000 dirham)
Price for registration of a company with the pack “Commercial FZE”
Registration of a new company	3,820 dollars (14,000 dirham)
Price at prolongation	3,550 dollars (13,000 dirham)

Bookkeeping account in the UAE – another service offered by us!

Transfer of shares of a company when registering a company in the UAE in FTZ “Creative City”

Companies in the FTZ “Creative City” may easily change owners at any time.

The current shareholder(s) may add shareholders or remove shareholders or change the structure of shares of the company upon their discretion.

To perform sale of shares to a new owner-natural person, the following is necessary:

• Letter with request stating the type of requested transaction and its details, signatures of all shareholders / authorized signatory.
• Application on alteration of a license.
• Decision of the Board stating the made alterations, signed by all shareholders;
• Form for sale of shares signed by all shareholders/ seller and buyer.
• Originals of all documents must be returned to the free zone.
• Color copies of passports of sellers and buyers of shares.
• Payment of the fee for making amendments.

Execution time 5 working days.

To perform sale of shares to a new owner-legal entity, the following is necessary:

• Documents of the buying company:
  • All documents of the buying company – originals and one set of color copies (license, shareholder certificate, certificate of registration company, Memorandum of Association, etc.). Originals are only needed for verification by the administration of the free zone, after what they are immediately returned.
  • Decision of the Board stating that all shareholders agree with purchase of shares of the company registered in the UAE in FTZ “Creative City” (2 sets).
  • Power of attorney stating the authorized signatory of the company, with copy of the passport (4 sets).
  • Copies of passports of owners and responsible persons of the company.
  • Certificate of “Good Standing” for the parent company or a similar document stating that the license will be valid till the required date.
  • If a company is registered in the UAE, then original documents of a company must be attested by the body that had issued the license. No Objection Certificate (NOC) from the body that had issued the license of the parent company is also necessary.
  • If a company is registered outside the UAE, then originals of all documents, the certificate of “Good Standing”, the Decision of the Board and the power of attorney must be attested in the country of origin and in the Ministry of Foreign Affairs UAE.
• Documents from the company registered in the “Creative City”:
  • Letter with request stating the type of the requested transaction and its details, signed by all shareholders / authorized signatories.
  • Application for change of the license.
  • Decision of the Board stating the made alterations, signed by all shareholders (2 sets).
  • Statement of transfer of shares signed by all shareholders / seller and owners of the buying company / authorized signatory (set for buyer, for seller and for free zone) – signatures must be certified by a representative/agent of the free zone.
  • Power of attorney (2 sets), if an owner assigns other person who will act in his name as a manager. A power of attorney must precisely describe the rights of the responsible person, especially regarding execution of visas of the company, opening or using a bank account, employment issues, etc.
  • All original documents must be returned to the free zone.
  • Color copy of passports of buyers and sellers of shares.

Execution time 5 working days.

Making amendments to documents of a company after registering a company in the UAE in FTZ “Creative City”

At any time after registration of a company you may appeal for making amendments, such as transfer of shares, updating the information on shareholders, changing the company name, changing types of activity, changing the responsible person, expanding the license, etc. Changes approved by the administration of the free zone must be shown in the company license, in the certificate of registration of the company and in the shareholder certificate.

• Standard alterations required at prolongation of a license will be free, except cases where an additional activity is stated.
• The free zone must be provided with the Decision of the Board of the company, signed by all shareholders and stating the required alterations, together with original documents.

Changing the company name

The company name can be changed if a new preferred name is available for registration.

To change the company name:

• It is necessary to publish notice/announcement in any leading newspaper in the UAE, while these details must be provided:
  • Old name of the company;
  • New preferred name of the company;
  • Number of the license;
  • Reasons for changing the company name;
  • Anybody who can make objections on changing the company name, within 5 days after publication of the announcement can contact the free zone “Creative City” and give reasons for his objections.
• A bank must provide a letter with approval for changing the name.

To change the company name the following are necessary:

• Properly completed form of application on changing the company name;
• Color copy of owner(s) passport / responsible person;
• All original documents of the company must be returned to the free zone;
• In case with company LLC with more than one owner, the Decision of the Board (2 sets) is necessary;
• Original newspapers with announcement on changing name;
• Payment of the fee for changing name.

Documents of the updated company will be ready in 5 working days.

Changing the responsible person / authorized signatory / manager

Required documents:

• Properly completed application for changing license;
• Color copy of passport of a new responsible person with a valid resident visa UAE or valid UAE entry permit;
• All original documents must be returned to the free zone.
• Decision of the Board (2 sets) verifying assignment / remission of an authorized signatory / manager / responsible person, signed by all shareholders.
• Power of attorney for a new manager.
• Payment of the fee for making amendments.

Documents of the updated company will be ready in 5 working days.

Owners / managers must notify the bank of changes in their company.

Starting the process of company registration in the UAE in FTZ “Creative City Fujairah”

To start the process of registration, please contact us at info@offshore-pro.info , so that our specialists could professionally advise you on issues of registration of a company in the UAE in FTZ “Creative City Fujairah”.

Then you should pay for our services on registration of a company in the UAE in FTZ “Creative City Fujairah”. Payment can be made using a bank card, WebMoney or Western Union, or a bank transfer.

Price for our assistance in registration of a company starts from 2,200 dollars.

This sum should be added with fees for registration of a company, for a license, cost of rent and any extra services.

Immediately after receiving payment our specialists begin to collect the necessary documents.

Feel free to contact us at info@offshore-pro.info to register a company in the UAE in FTZ “Creative City Fujairah” right now!