MyDubai.Media: Company in the Free Zone of Umm al-Quwain

The Umm Al Quwain Free Trade Zone (UAQ FTZ) is a strategically important government project aimed at supporting entrepreneurial activity and providing business owners with convenient infrastructure for efficiently conducting business.

Located in close proximity to Dubai International Airport, UAQ FTZ exemplifies the ideal conditions for prosperity in the United Arab Emirates.

Information

When creating an offshore company, a physical presence is provided in the form of a rented office or a workplace in the Flexi office.

Registration of a Сompany in Umm Al Quwain

The sequence of actions when registering a company in the Umm al-Quwain FEZ includes the following steps:

• Determining the company name and checking its uniqueness. The name may be in English or Arabic and must end with the legal form (“FZE”/”FZC”).
• Determining the structure of the enterprise (director, manager, secretary, shareholder, attorney).
• Clarification of the type of activity and regions of the country where the activity will be carried out.
• Selecting the type of license and having an office on the territory of UAQ FTZ.

READ: Investing in Brooklyn Real Estate: Detailed Review

At UAQ FTZ, companies can obtain different types of licenses:

• Production license.
• General trading license.
• Commercial license.
• Service license.
• Some types of licenses require government approval, such as opening a clinic.

Summary

1. All shareholders are required to fill out a Compliance form and sign a Service Agreement.
2. To register a company with a specific activity, a business plan is required.
3. Preparing a set of documents and signing the document with the company’s shareholders are mandatory stages of registration.

The application for company registration includes the provision of a certificate of incorporation, articles of association, original share certificates, license to operate, registers of directors and shareholders, office lease agreement, as well as the provision of a seal with the company name.