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UMM AL QUWAIN FREE TRADE ZONE 

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Free Economic Zone UMM AL QUWAIN FREE TRADE ZONE is located in the Emirate of UMM AL QUWAIN. 

Located near the main seaports of the UAE and an hour's drive from Dubai and Sharjah International Airports, it provides easy access to all corners of the world, which is ideal for conducting business with microenterprises, small and medium enterprises, as well as conglomerates.  Safe and secure environment of free economic zone is one of the most attractive places for effective investments in the region.

 

Company advantages in the UAQ FTZ

 

  • The possibility of 100%  company ownership by foreign citizens;

  • Lack of personal income tax and corporate tax, as well as export and import duties

  • Regulatory processes and legal base in accordance with international standards;

  • Complete confidentiality of data on the owners and activities of the company;

  • Free withdrawal of capital;

  • Lack of currency control;

  • The cost of doing business and living is low compared to other emirates.

  •  High-tech office and storage facilities

  • One company is allowed to purchase several licenses here.

  • Quick and easy registration and licensing process.

 

Types of companies

 

  • Free Zone Establishment (FZE) with only one founder;

  • Free Zone Company (FZC) - multi-founder companies.  It is allowed to create a company with no more than 50 shareholders;

  • Branch / representative office of a company representing a branch of a foreign or local company, as well as a company registered in another free economic zone.

 

Types of licenses

 

  • Trading, with permission to store goods, its distribution, export and import.  There are two types of trading licenses here:  general, allowing to trade a wide range of products, and commercial - to trade in individual groups of goods (from 3 to 10);

  • Consulting - licenses for consulting activities;

  • Service - licenses for the provision of services in the free zone;

  • Freelance licenses issued to individuals for work in the development of technology, media, content or works of art.

 

Shareholders and management

 

At least one shareholder (individual or legal entity).

At least one director (individual only).

 

Authorized capital

 

The minimum authorized capital for a company is $ 82,192 or 300,000 dirhams. 

Authorized capital can  be declared in the charter documents.

 

Office spaces

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− Flexi Desk

− Standard office

+Warehouses

 

Visas

 

The number of visas depends on the type of office you choose.

 

Accounting and auditing

 

There is no requirement for annual submission of audit reports in the free economic zone.

 

Notes

 

1. The registration deadline for a company is 3 working  days from the filing date.

 2. Remote registration of the company is possible if the shareholder was previously in the UAE and can present a note on entry into the UAE

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The specialists of PARUS are always ready to advise you in more detail on all issues regarding the company registration procedure in  UMM AL QUWAIN FREE TRADE ZONE .