HomeFree Zone Company - Creative City Free Zone - Repair and Maintenance of Photocopy Machines

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Service Company SetupRepair and Maintenance of Photocopy Machines

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Creative City Free Zone logo
JurisdictionCreative City Free Zone
Service
Short description

This company can engage in performing all repairs and maintenance of imaging equipment, copying, whether through maintenance contracts with institutions and companies, or through customized maintenance and repair on request. The activity cannot include the sale of spare parts for cameras.

About the company's activities
Types of activities

The following business activity has been selected for the CCFZ company setup:

  • Repair and Maintenance of Photocopy Machines (3312009). Includes facilities that perform all repairs and maintenance of imaging equipment, copying, whether through maintenance contracts with institutions and companies, or through customized maintenance and repair on request. This activity does not include the sale of spare parts for cameras.

The company can engage in up to three business activities under one license without additional fees.

Additional External Regulator Approvals

No additional approvals are required to register a company conducting this business activity.

Share Capital Requirements

The minimum share capital required for this company:

  • Sole shareholder: AED 100,000;
  • Two or more shareholders: AED 150,000.

Its contribution is optional.

Company Name Requirements
  • Must not be identical or similar to local/global brands or registered trademarks
  • Must not contain the names of local/international religious, political or governmental organizations
  • Must not contain the names of Allah or God, or any other religious terminology
  • Must not contain geographical names, such as the names of emirates, cities, countries and other landmarks
  • Must not violate the UAE laws or contain words that are obscene, indecent or generally offensive
  • May contain the name of a shareholder
  • Must correspond to the company’s business activities
Bank Account

Entrepreneurs are provided with the opportunity to open a corporate account in classic banks with physical branches, as well as in digital banks and in payment systems.

When choosing a bank to open a corporate account, factors such as the level of service, fees, available currencies, convenience of online banking, the reputation of the bank and other conditions that may be important for business should be taken into account.

Successful corporate bank account opening requires a well-prepared document package, which may vary depending on the specific requirements of a particular bank.  Incorrectly or incompletely submitted documents may negatively affect the final decision of the bank in processing the application for opening a corporate bank account.

About Jurisdiction
Name and Description
  • Title: Creative City Free Zone
  • Description:

    CCFZ (Creative City Media Free Zone Authority) is a free economic zone founded in 2007 in the Emirate of Fujairah, UAE. CCFZ specializes in creative activities, such as arts, media, music, entertainment and design, but also offers opportunities for opening trading, service, consulting, education and IT companies. Companies registered with CCFZ can operate within this zone and outside the UAE.

    CCFZ issues the following types of business licenses:

    • Trading (wholesale and retail)
    • Service (provision of services)

    The free zone offers cost-effective business packages along with simple and flexible procedures, making it a compelling option for startups and small to medium-sized enterprises.

Advantages

The CCFZ company registration provides various benefits and opportunities for entrepreneurs:

  • Access to local and global markets. CCFZ companies can operate within the free zone and beyond the UAE. This helps to expand business, create and strengthen partnerships and allows for interaction with customers and partners worldwide.
  • Strategically advantageous location. Ideally positioned for access to international shipping routes, Fujairah is an emerging shipping hub. Its proximity to the Gulf of Oman makes it a convenient platform for importing and exporting products and services.
  • Remote company setup. CCFZ enables entrepreneurs to establish a company without the need for physical presence in the UAE, providing access to the registration process from anywhere in the world.
  • Wide range of activities. CCFZ offers a variety of business activities, including wholesale and retail trading, consulting and professional services, communication and IT, as well as arts and media, education and research, music and entertainment, fashion and design.
  • Customized business solutions. CCFZ has developed special packages/deals for students, retirees, housewives, people of determination and companies requiring multiple visas.
  • Profit control. CCFZ allows 100% foreign ownership across multiple business sectors, ensuring complete control over profits and the freedom to move capital outside the UAE. This facilitates confident financial planning and management without concerns over economic activity restrictions.
  • Creative Community. CCFZ organizes various events and training programs cultivating a vibrant community of creative entrepreneurs. The free zone hosts numerous creative ventures that work independently or collaborate with each other.
Company Legal Types

In CCFZ, businesses can register as one of four main types of legal entities:

  1. Free Zone Limited Liability Company (FZ LLC): an FZ LLC can have from 1 to 50 shareholders, with liability limited to their share in the company's share capital, ensuring personal assets are protected. Shareholders can include UAE nationals, foreigners or corporate entities.
  2. Free Zone Establishment (FZE): an FZE is a company founded by a single shareholder who has unlimited liability and is personally responsible for all company debts. Shareholders can include UAE nationals, foreigners or corporate entities.
  3. Free Zone Limited Liability Establishment (FZ LLE): an FZ LLE is a limited liability company formed by a single shareholder, with liability limited to the company's share capital, ensuring personal assets are protected. Shareholders can include UAE nationals, foreigners or corporate entities.
  4. Branch:
    • Foreign Company.  Allows foreign companies to operate in the UAE without forming a new legal entity. Branches of foreign companies must conduct the same business activities as their parent companies. The latter remain liable for the branches' operations.
    • UAE Company. Branches of UAE companies registered in other jurisdictions operate as independent units while maintaining their legal status and connection with the head office.
Offices/Premises

A physical office is required for company registration in CCFZ.

  1. Flexi Desk (AED 0/year). A workspace in a coworking area that can be accessed for up to 40 hours per week during working hours. It affords up to 15 visa quotas and is already included in all CCFZ packages.
  2. Private Office (AED 30 sq.ft/year). An office in Fujairah's Creative Tower, ranging from 550 to 1600 sq. ft, with unlimited 24/7 access. It can be rented in addition to the Flexi Desk.
Tax Regime and Profit Management

The UAE has several taxes and fees that regulate the financial activities of both legal entities and individuals. Below are the main ones:

  1. Value Added Tax (VAT):
    • Since January 1, 2018, the UAE has implemented a 5% VAT rate. The UAE is among the top 10 countries globally with the lowest VAT rate as of 2023.
    • Foreign companies in the oil and gas sector are subject to a 55% rate, and foreign banks face a 20% rate.
    • Companies with an annual turnover exceeding AED 375,000 are required to register with the Federal Tax Authority (FTA) as VAT taxpayers.
    • Some goods and services may be exempt from VAT or subject to a 0% rate, such as international transportation, educational and medical services, and more.
  2. Corporate Tax:
    • It is a direct tax imposed on a company's taxable net profit.
    • Starting from June 1, 2023, a 9% corporate tax is levied on companies with profits exceeding AED 375,000.
    • A 0% rate is applied to taxable income below AED 375,000.
    • Charitable and non-profit organizations, as well as educational and medical institutions, are fully exempt from CPT.
  3. Excise Tax:
    • It is an indirect tax imposed on specific excise goods deemed harmful to human health or the environment. Examples include alcohol, tobacco products, and sugary beverages, including energy and carbonated drinks.
    • Excise tax rates vary depending on the category of goods: alcohol is taxed at 30% of the retail price, tobacco products at 100%, sugary beverages at 50%, and energy drinks at 100%.
  4. Customs Duties:
    • A list of over 700 items is exempt from customs duties. For items not on this list, the rate is 5% of their value. 
      Goods exported from the UAE or imported by charitable organizations, Arab countries, and Gulf Cooperation Council countries (with a certificate of origin) are not subject to customs duties.
    • Starting from January 1, 2023, when purchasing items worth more than AED 300 from foreign online platforms, a 5% customs duty and 5% VAT are required. Items below AED 300 are exempt from customs duties.
  5. Personal Income Tax:
    • In the UAE, personal income is not subject to taxation.
    • UAE citizens and residents are exempt from paying taxes on their personal income, including wages, interest, dividends, royalties, inheritances, gifts, capital gains, and other sources of income.

All companies registered in DMCC are required to undergo an annual audit and submit financial and tax reports.

Resident Visas

ССFZ  offers the following main types of UAE resident visas for foreign investors and company employees:

  • Employment Visa:
    • Sponsored by the company for its foreign employees.
    • Allows the holder to live and work in the UAE.
    • May require proof of education and qualifications in the applicant’s respective field.
    • Issued for two years but may be canceled if the holder is absent from the UAE for more than 6 months.
    • Сan be renewed along with the employment contract.
  • Dependent (Family and Maid) Visa:
    • Provided to the sponsor’s family members and accompanying domestic workers (nannies, maids, nurses, etc.).
    • Allows the holder to live in the UAE.
    • Issued for two years.

Order service directly at CCFZ

Total:

Order the support of an authorized platform partner

Plan:
Standard
Premium
Total:

Order services directly through CCFZ

With the assistance of our platform manager, who will provide you with service instructions, arrange meetings with CCFZ representatives, and assist in coordination

  • Direct access without intermediaries
  • No additional fees
  • No commissions

Choose our "Standard" plan

Receive expert guidance from an authorized consultant who will manage the entire process of obtaining CCFZ services

  • Time-saving
  • Predictable outcomes
  • Personal expert assistance
  • Business-class transportation to service locations
  • Minimal involvement required

Opt for our "Premium" plan for top-tier expert guidance

An elite consultant will oversee the process of obtaining CCFZ services, ensuring a seamless experience

  • VIP airport reception in Dubai for one person
  • Premium-class airport-hotel-airport transfers
  • Expedited VIP procedures
  • Guaranteed results
  • Personal expert available 24/7
  • Premium-class transportation to service locations
  • Minimal involvement required
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