UMM AL QUWAIN FREE ZONE COMPANY FORMATION
COMPANY FORMATION IN UMM AL QUWAIN FREE ZONE
Set in the north of the country; the Umm al Quwain free zone (UAQ FTZ) is well-known for its rich heritage, attractive desert landscapes, coastal mangroves, colorful fauna, windy beaches that makes the free zone a unique location to form your company in the United Arab Emirates. The Umm Al Quwain Free Zone is ideal for any business activity that is driven by value. The free zone allows entrepreneurs to leverage a steady economy, open investment sense, low costs of living and labor, and a great destination for import and export. The free zone is based at two strategic geographical locations, the Ahmed Bin Rashid Port and Umm Al Thoub. The revenue of the free zone is generated mainly from hotels, parks and tourism, trading activities, fisheries, manufacturing, etc. Manufacturing, tourism and trade are given the utmost significance by the Emirate. The government has launched numerous programs to support and make the emirate appealing to foreign investment, support SME’s and the fisheries sector. With its modern management and flexible it has already gained impetus among foreign investors. The Umm Al Quwain free zone has some interesting and exclusive benefits.
BENEFITS OF SETTING UP A COMPANY IN UMM AL QUWAIN: Quick and easy setup Strategic location with 2 international airports and a seaport Affordable and variety of licenses options Great for small business setups No corporate or personal tax Complete ownership Exemption from import and export tax No currency restriction Easy registration procedure Dual licensing Legal framework that supports new and existing investors Minimum documentation required Offices equipped with hi-tech and warehouse facility No restrictions on hiring foreign employees
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AL QUWAIN’S GOVERNMENT VISION:
COMPANY FORMATION IN UMM AL QUWAIN FREE ZONE
Business owners can easily a company in the free zone mainly because it does not require appointing a resident director or applying for a residence visa.
Foreign companies can also establish branches or subsidiaries toointheUmmAlQuwainfreezone.
1 3 2 4 Paymentofregistration fees Submittingdocumentsof directors,managers, secretaries,shareholders andattorney Organizingthe documentsforummal quwainfreezone companyregistration Submittingthe companyregistration application THE COMPANY FORMATION PROCESS COMPRISES OF 5 STEPS : 5 Pickinganappropriate nameforyourcompany
DOCUMENTATION REQUIRED FOR REGISTERING YOUR COMPANY : 3 5 4 6 Proofofaddressof shareholdersand managers Boardresolutionandpower ofattorney Certificateofincorporation Thecompany’smemorandum andarticleofassociation 2 Passportcopiesof shareholdersanddirectors 1 Passportcopiesof manager
RESIDENCY AND ASSISTANCE
The Umm Al Quwain Free Zone allows its investors and employees to obtain their residence and work visas throughsimpleandeasyproceduresatanaffordablecost.
Entrepreneurs can sponsor their dependents – spouse, children, parents and domestic help with related documentations, medical clearance, emirates ID and visa stamping.
All visas have a two-year validity period. The visa can be renewed after expiry. UAQ FTZ visa process are quick and convenientforinvestorsandemployeesalike.
If you are looking for a cost-efficient and quick way to open your business in UAE, then Umm Al Quwain free zone isabsolutelyworthtakingacloserlookat.
CONNECT WITH SHURAA BUSINESS SETUP If you are planning to business setup in umm al quwain free zone, ourbusinessadvisorsandspecialistsmightbegreathelp. Wecancruiseyouthroughthebusinesssetupproceduresinnotime. AtShuraaBusinessSetupweprovideanswerstoallyourqueries.Start yourDubaientrepreneurialjourneywithus.Contactustodayandget afreeconsultation.
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