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Fujairah Creative City Audit Readiness and Accounting
Fujairah Creative City is a media and creative zone for small and mid-sized businesses. We provide bookkeeping and review support for creative professionals and agencies.
Documents to have ready
- Licence, lease and shareholder documents
- Revenue analysis split by qualifying and non-qualifying income
- Bank reconciliations at year-end
- Contracts supporting major income and cost items
- Fixed asset register and depreciation workings
- Evidence of staff, premises and decision-making in the UAE
Bookkeeping for one-person and small studio businesses
Many Fujairah Creative City companies are run by a designer, writer, photographer or consultant who also handles the invoices. A simple monthly routine is enough. Issue invoices from a numbered series, log every receipt, and reconcile the bank account on the same day each month.
Keep client briefs, quotations and signed approvals with the invoice they led to. If a customer disputes a charge or a bank asks about a large deposit, these documents answer the question quickly. Store scanned copies in a cloud folder that more than one person can reach, so the records survive a lost laptop.
Paying yourself properly
Owners of small creative companies often take money as and when they need it. Decide whether each payment is salary, a dividend or a repayment of a loan you made to the company, and record it that way. Keep a running owner account and agree its balance at year-end.
Personal expenses paid from the company account should be moved to this owner account, not left in office or travel costs. Clear separation makes your profit figure credible and your records easier to hand to a reviewer.
Client and project records to keep
A tidy client file turns a stressful question into a quick answer. Keep these items for every active project, and archive them with the invoices when it closes.
- A client list showing country, contact and payment terms.
- A project sheet with fee agreed, amount billed and amount outstanding.
- Proof of delivery, such as approval emails or file transfer records.
- Receipts for software, equipment and travel linked to the project.
- A log of expenses recharged to clients, matched to the invoice that recovered them.
Common gaps in FCC company accounts
Authority rules for FCC
Fujairah Creative City sets its own licence renewal and reporting requirements, so confirm what your authority asks for and keep records aligned with it.
Aiming for 0% corporate tax
To access the 0% rate on qualifying income, a free zone company has to satisfy the Qualifying Free Zone Person conditions. One of these is audited accounts.
Splitting your income streams
Each revenue line should be tagged so that qualifying and non-qualifying income can be separated at year-end.
Selling outside the zone
Work for customers outside the free zone needs clear contracts and invoices, since it can affect tax treatment.
The plan, in order
Check status
We review your FCC licence type and the tax position you are aiming for. We start with how media, design and consulting businesses usually earn their income.
Tidy the ledger
We reconcile accounts and tag each FCC revenue line to the right income category.
Prepare the file
We assemble the schedules, contracts and substance evidence a reviewer of a FCC company will ask for.
Plan the year
We set monthly routines suited to media, design and consulting businesses, so the next year-end is easier.
Licence and scope
Numerix Accountants is a licensed company (licence No. 1360308). We prepare records, schedules and controls so reviews run smoothly. We do not issue audit opinions or perform statutory audits, which are outside our licence.
Quick answers
Does FCC require audited accounts?
Audited statements are commonly requested by free zone authorities and are required for Qualifying Free Zone Persons under corporate tax rules. Check the position with your authority before your renewal.
Can Numerix audit my company?
No. We prepare the records, schedules and controls. Audit opinions are not part of our licence.
Do you work with media, design and consulting businesses?
Yes. Yes, we shape the records around how media, design and consulting businesses earn and spend.
Can I keep my own books as a freelancer?
You can, if the records are complete, dated and reconciled to the bank. Many owners hand over month-end review to a bookkeeper while keeping day-to-day entries themselves.
How do I record a client deposit?
Show it as money received in advance. Release it to revenue as you deliver the work.
What if a client pays late?
Chase using the invoice terms, keep a record of reminders and review the unpaid balance every month. Long-overdue amounts should be flagged at year-end.
Where do I confirm the zone's own requirements?
Confirm the current requirement with Fujairah Creative City directly and keep your records aligned with its renewal needs.
Prepare before you are asked
Send us a few details about your fujairah creative city setup and your next deadline. We will reply with a clear plan.
Contact NumerixTalk to Numerix Accountants
Complete our short contact form below to book your free accounting consultation. Experience the exceptional accuracy, professionalism and proactive service that make Numerix Accountants the ideal choice for Fujairah businesses.