Taking the inherent advantage of lower cost of operating licences and lower cost of living, this new initiative will be considered by the investors in media segment as an alternative or complimentary option for expansion. Creative City is completely a new media innovation cluster and an addition to the media-hubs in the region after Dubai Media City and twofour54 of Abu Dhabi. The Creative City is targeting smaller players who are trying to establish new businesses or benefit from a new location for their existing operations. Creative City, having 40,000 sq. meters of dedicated land area, will complement existing media clusters in the region, and further facilitate creativity in all fields, for both freelancers as well as companies in a variety of specialties, such as training, media production, media services and technology.
Factor | Description |
Established in | 2007 |
Number of companies | Over 3,100 Companies |
Industry focus | Audio and Visual, Broadcasting, Media and marketing, Publishing, Event management, Media support services, Consultancy, New media service, Business information, Production, Music & Entertainment, Information Technology , Design and Education |
Limited liability company | Subjected to type of license |
Minimum number of shareholder | 1 |
Minimum number of director | 1 |
Corporate shareholder allowed | No |
Corporate director allowed | No |
Public register of shareholder and director | No |
Access to UAE Double Taxation Treaties | Yes |
Port of Free zone | Port of Fujairah |
Allowed to import export goods | Yes |
Commercial offices | Yes |
Industrial premises | No |
Warehousing facility | No |
Accommodation facilities | No |
Prominent companies at Free zone | |
Location of directors and shareholders meeting | Anywhere |
Residency visa issued | Subjected to license |
100% Foreign ownership permitted | yes |
100% Repatriation of capital and profits | Yes |
Corporate, personal and withholding tax | Nil |
Language | English |
Standard currency of Capital | UAE Dirhams |