Open a Company in Umm al Quwain Free Zone
Open a Company in Umm al Quwain Free ZoneUpdated on Thursday 19th January 2017
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The Umm al Quwain emirate is located at less than 50 km distance from Dubai. It is a holiday destination and a zone designed especially for the commercial activities which are not to be found so often in other Dubai areas. The businesses here include mainly freelancing, single professional activities, micro enterprises and trading activities. We kindly invite you to rely on our law firm in Dubai for all legal issues regarding company formation.
The steps to open a company in Umm al Quwain Free Zone
The procedure of starting a business in Umm al Quwain Free Zone is a very easy and clear one. Some basic identification data must be provided under the form of passport copies of the directors and shareholders.
When you decide to open a company in Umm al Quwain Free Zone, you must decide in the first place for the type of company that you wish to open. You can choose between a free zone establishment (FZE), which is a single owner entity, and a free zone company (FZC) which allows from two to five partners. You can also decide to form a branch, which is not an independent entity, but which represents a legal form that relies in great measure on the leadership of the parent company. Our Dubai attorneys can offer to foreign investors a professional legal counseling relative to the choice of the adequate structure in Umm al Quwain.
Depending on the line of your company, you might need to apply for an appropriate license. According to the specific conducted activity of your enterprise, you will apply for one of the following licenses:
- • a freelance permit;
- • a consultancy license;
- • a commercial license;
- • a service license;
- • an industrial license;
- • a warehousing license.
At any stage of your company formation in Umm al Quwain Free Zone, our lawyers in Dubai can assist you with corporate consultancy and the obtaining of all required documents from the authorities.
Advantages of opening a company in Umm al Quwain Free Zone
Like most of the free zones in Dubai, the Umm al Quwain Free Zone offers 100% foreign ownership for companies or individuals.
Another strong point is that the commercial activities are granted duty-free imports and exemption from taxes. The modern infrastructure implies the reduction of costs and losses for transportation.
When you intend to open a company in Umm al Quwain Free Zone, we invite you to contact our law firm in Dubai. Our local lawyers provide consulting and assistance with applications for licensing and bank account opening and they offer reliable company formation services.