The page administrators wrote in a post: 'Welcome everyone to Michael's paddock! We love to share memories with you and what better start could there be than the upcoming anniversary of Michael's first world championship title.
"From November 13 this page will be our meeting place to collect and exchange memories and to celebrate Michael's many achievements, established as a thank you gesture to all you wonderful fans."
The page, which already has 1.5million likes, features pictures and a look back at Schumacher's first F1 title - securing overall victory in Australia on November 13, 1994.
According to reports in Germany, a Twitter account could soon follow.
Schumacher has been treated at home in Switzerland since he was released from hospital and few details have been made public about his condition. His current condition remains unknown.
Earlier this month, former Ferrari technical head Ross Brawn said there had been some "encouraging signs" in his recovery.
"The family have chosen to conduct Michael's convalescence in private and I must respect that," the Briton, who helped German Schumacher to all his titles and worked with him at Benetton, Ferrari and Mercedes, said.
"There are encouraging signs and we are all praying every day that we see more of them," added Brawn, who was close to Schumacher. "So it is difficult for me to say very much and respect the family's privacy.
"All I would say is there is a lot of speculation about Michael's condition. Most of it is wrong and we just pray and hope every day that we continue to see some progress and that one day we can see Michael out and about and recovered from his terrible injuries."
In September a German court was told that Schumacher, who fell and hit his head on a rock in the ski accident in the French Alps, remained unable to walk.
