Company Formation in Creative City

CREATIVE CITY FREE ZONE

Since 2007, Creative City has been licensing businesses engaged in media, events, consulting, education, communication and marketing, music and entertainment, design and technology-related activities.

Creative City provides an economical option for new media startups and creative businesses.

WHY CREATIVE CITY?

Cost-effective, economical startup licenses
Variety of customised packages
Full range of media activities
All Free Zone benefits

FORM YOUR CREATIVE CITY COMPANY NOW!

Similar Free Zones

UAQ Free Trade Zone

SHAMS

RAKEZ

Advantages of a Creative City Free Zone company

100% foreign ownership
0% corporate tax for 25 years
0% personal income tax
100% repatriation of capital and profits
0% import or re-export duties
No currency restrictions
No restrictions on foreign talent or employees

In addition to this, company formation in Creative City can derive benefits from the extensive network of double-tax avoidance treaties that the United Arab Emirates has signed with countries worldwide, including countries such as India, Pakistan, Singapore, China, Malaysia, Canada, Germany, Italy, Austria and Holland.

The following legal structures are available for company formation in Creative City:

Limited Liability Company

A limited liability company (LLC) is an independent entity whereby the company structure separates the owners and shareholders from the company.

Branch Company

A branch entity belongs to an existing parent company. All profits, benefits, gains and other returns of the branch are deemed profits, benefits, gains and other returns of the parent company.

We can help you structure your company through our Creative City company formation services. Contact us to discuss your requirements.

Creative City offers the following license packages:

Genius package – US$ 9,600 (AED 35,000) – upto 15 visas available.

Baby business package – US$ 7,700 (AED 28,000) – upto 6 visas available.

Freelancer company package – US$ 6,800 (AED 25,000) – upto 4 visas available.

Commercial( single owner) package – US$ 5,500 (AED 20,000) – upto 2 visas available.

Commercial non-visa (LLC) package – US$ 4,650 (AED 17,000)

Commercial non-visa (single owner) package – US$ 3,850 (AED 14,000)

Establishment Card – US$ 330 (AED 1,200)

E-Channel Registration during visa processing

US$ 1400 (AED 5,000) refundable deposit

US$ 600 (AED 2,225) Registration fee

Here are the initial documentation required for incorporation process:

Know Your Client (KYC) form
Specimen Signature form
Passport Copy of shareholder, director, manager, company secretary, and/or legal representative.
Proof of residential address (valid tenancy contract, utility bill (not older than 6 months), bank confirmation letter (not older than 6 months)….etc.)
Specimen Signature Form
Shareholders’ Resolution / Board Resolution (branch companies)
Memorandum & Articles of Association

* if any of the documents are in any language other than English and Arabic, then, it must be legally translated into English.

How can 10 Zone help in Creative City company formation?

10 Zone has:

been setting up businesses in Dubai since 2004
experts in consultancy and company formation
a team of highly qualified Lawyers, Chartered Accountants and Relationship Managers
capabilities to assist you in English, Arabic, French, German, Turkish, Hindi, Afrikaans & Tagalog.

Our Services

Assistance in company formation
Visa processing
VAT registration
HR & Payroll
Contracts and Agreementsf
Secretarial and Annual Compliances
Marketing and branding

ALL SERVICES

100% foreign ownership
0% corporate tax for 50 years
0% personal income tax
100% repatriation of capital and profits
0% import or re-export duties
No currency restrictions
No restrictions on foreign talent or employees

All entities in DMCC can register a free zone establishment as one of the following –

I. Limited Liability Company
The liability of its shareholders is limited to the value of the share capital they hold in the company.

II. Branch Company
A branch is a representative office of a legal entity which already exists outside of the DMCC Free Zone (local or international). A branch company -

derives its power and authority from the parent entity thus does not have separate legal personality.
will not have a board of directors or company secretary
must retain the same name as the parent entity and end with the designation (Branch).

DMCC offers a wide range of business activities which are categorized into the following licenses:

Trading LicenSes – allows the holder to carry out trading activities specified in the Licence.
Service Licenses – allows the holder to carry out services specified in the Licence.
Industrial Licenses – allows the holder to carry out light manufacturing activities as specified in the License

To see the full list of business activities, download here
Source: Dubai Multi Commodities Centre Authority Free Zone Rules and Regulations

DMCC have the following lease or office types to offer:

Flexi-desks / Business Centre
Office Spaces and Solutions
Commercial Freehold property

Here are the initial documentation required for incorporation process:

Know Your Client (KYC) form
Business Plan
Passport Copy of shareholder, director, manager, company secretary, and/or legal representative.
Proof of residential address (valid tenancy contract, utility bill (not older than 6 months), bank confirmation letter (not older than 6 months)..etc.)

Parent Company Documents (for BRANCH COMPANIES)

Certificate of Registration
Memorandum & Articles of Association
Certificate of Incumbency

Additional requirements will be advised during the incorporation stage.

License fee starts at $5,530

Visas fee starts at $1,450

Flexi-desk space starts at $5,000 (with an option for three visas)

Office space - from $20 per sq.ft. per annum

Company Formation in Creative City

Quick Look DMCC

CREATIVE CITY FREE ZONE

Quick Look DMCC