{"id":52675,"date":"2024-06-04T14:37:31","date_gmt":"2024-06-04T11:37:31","guid":{"rendered":"https:\/\/dubaifreezoneinvest.com\/?p=52675"},"modified":"2024-07-24T14:40:24","modified_gmt":"2024-07-24T11:40:24","slug":"establishing-a-company-in-the-umm-al-quwain-free-zone","status":"publish","type":"post","link":"https:\/\/dubaifreezoneinvest.com\/en\/establishing-a-company-in-the-umm-al-quwain-free-zone\/","title":{"rendered":"Establishing a company in the Umm Al Quwain Free Zone"},"content":{"rendered":"
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Some investors want to know how to establish a company in the Umm Al Quwain Free Zone with the help of Itqan Company, which is an ideal choice for investors who want to\u00a0establish a company in the<\/strong>\u00a0Umm Al Quwain Free Zone, as it provides comprehensive services to facilitate procedures and achieve investment goals. By cooperating with Itqan, investors are able to benefit from their extensive experience in providing legal and commercial consultations, preparing the required documents, and obtaining government approvals quickly and efficiently. In addition, Itqan ensures the provision of customized solutions that meet the needs of different investors, whether in commercial, industrial or service fields. With Itqan\u2019s support, investors can focus on growing their business and achieving success in a suitable business environment characterized by flexibility, tax exemptions, and low operating costs, which enhances the chances of success and growth in the promising UAE market. Through this article, we will review all the details about establishing a company in the Umm Al Quwain Free Zone. .<\/p>\n

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\"Establishing<\/p>\n

Establishing a company in the Umm Al Quwain Free Zone<\/strong><\/p>\n<\/div>\n

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Establishing companies in free zones<\/strong><\/span><\/h2>\n

Umm Al Quwain is considered an ideal investment destination for\u00a0establishing a company in the free zone<\/strong>\u00a0, as it offers many advantages and facilities that attract investors from all over the world. Establishing a company in the Umm Al Quwain Free Zone in cooperation with Itqan Company gives investors many benefits, including comprehensive and integrated support during all stages of establishment. The process begins in cooperation with Itqan by choosing the appropriate type of business activity and determining the company name. Then all required documents are prepared and submitted, such as a copy of the passport, personal photos, and capital details. Itqan provides specialized legal and business advisory services to ensure that all legal and administrative requirements are met quickly and efficiently.<\/p>\n

In addition, Itqan provides distinguished services such as renting office space in the free zone at the best prices, and assistance in obtaining the necessary licenses from the relevant authorities. The company also provides innovative solutions to facilitate daily operations, including accounting, human resources and logistical support services. In cooperation with Itqan, investors benefit from the expertise of a professional and experienced team working to provide the technical support and consultations necessary to ensure the success of the project.<\/p>\n

The Umm Al Quwain Free Zone features multiple tax exemptions, low operating costs, and a flexible business environment that allows investors to focus on growing their business and achieving success. This region is considered an excellent choice for small and medium-sized companies looking for a strategic location that supports growth and expansion in the UAE market. Thanks to the integrated support from Itqan, investors can benefit from promising investment opportunities and achieve their business goals efficiently and smoothly.<\/p>\n

Steps to establish a company in the free zone<\/span><\/h2>\n

Establishing a company in the<\/strong>\u00a0Umm Al Quwain Free Zone requires following specific steps to ensure compliance with legal and administrative procedures. There are several main steps to establishing a company in the Umm Al Quwain Free Zone:<\/p>\n

Feasibility study and selection<\/h4>\n
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  1. Determine the appropriate business activity.<\/li>\n
  2. Study the economic and marketing feasibility of the project.<\/li>\n
  3. Choosing the legal structure of the company (sole proprietorship, limited liability company, etc.).<\/li>\n<\/ol>\n

    Apply for a license<\/h4>\n
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    1. Submit an application to establish the company to the free zone administration.<\/li>\n
    2. Submit all required documents and requirements.<\/li>\n
    3. Obtaining the approval of the free zone administration on the establishment application.<\/li>\n
    4. Obtaining any other approvals from the relevant government agencies.<\/li>\n<\/ol>\n

      Registration and licensing procedures<\/h4>\n
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      1. Completion of company registration procedures with the Commercial Registry.<\/li>\n
      2. Obtaining a commercial license from the free zone.<\/li>\n
      3. Establishing the required office or facilities.<\/li>\n
      4. Obtaining insurance documents and financial guarantees.<\/li>\n
      5. Open a bank account in the name of the company in one of the approved banks.<\/li>\n
      6. Registration in the value-added tax system (if the activity is included).<\/li>\n
      7. Starting a business activity.<\/li>\n
      8. Itqan Company helps you in all these steps and provides you with the necessary support and guidance to complete the establishment process smoothly.<\/li>\n<\/ol>\n

        Reasons for establishing a company in Umm Al Quwain<\/strong><\/span><\/h2>\n

        Establishing a company in Umm Al Quwain offers many advantages that make it an attractive destination for investors. The most important reasons that make establishing a company in Umm Al Quwain an ideal choice are the following:<\/p>\n

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        1. Tax breaks:<\/strong>\u00a0Umm Al Quwain offers attractive tax breaks, including income tax exemption for companies and individuals and no import and export tax.<\/li>\n
        2. Low costs:<\/strong>\u00a0The cost of establishing and operating a business in Umm Al Quwain is considered low compared to other emirates, which helps companies achieve greater profits and reduce operational expenses.<\/li>\n
        3. Strategic Location:<\/strong>\u00a0Umm Al Quwain is strategically located near the major ports and airports in the UAE, making it easy to access local and international markets.<\/li>\n
        4. Flexible investment environment:<\/strong>\u00a0Umm Al Quwain offers a flexible regulatory environment that facilitates the process of establishing companies and managing businesses, with strong government support to encourage investment.<\/li>\n
        5. Advanced infrastructure:<\/strong>\u00a0Umm Al Quwain is characterized by the presence of a modern and advanced infrastructure that includes logistical facilities and basic services, which supports business growth and contributes to increasing productivity.<\/li>\n
        6. Full foreign ownership:<\/strong>\u00a0Foreign investors can establish companies in Umm Al Quwain with 100% full ownership without the need for a local partner, which enhances their control over their business.<\/li>\n
        7. Ease of procedures:<\/strong>\u00a0Umm Al Quwain Free Zone provides fast and flexible procedures for establishing companies, including quick licenses and simple paperwork.<\/li>\n
        8. Political and economic stability:<\/strong>\u00a0The UAE is considered a politically and economically stable country, which provides a safe and reassuring environment for foreign investors. Together, these factors make Umm Al Quwain an ideal destination for investors seeking to establish their companies in an environment that supports and encourages growth and expansion.<\/li>\n<\/ol>\n

          Advantages of establishing a company in the Umm Al Quwain Free Zone<\/strong><\/span><\/h2>\n

          Establishing a company in the Umm Al Quwain Free Zone offers many advantages that make it an attractive option for investors. First, the free zone provides comprehensive tax exemptions, and these advantages are represented in the following points:<\/p>\n

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          • Submit the application directly and renew employee and investor visas.<\/li>\n
          • Foreign ownership is allowed.<\/li>\n
          • You can establish your company anywhere within Umm Al Quwain.<\/li>\n
          • A suitable environment for investors.<\/li>\n
          • Ease and flexibility of doing business.<\/li>\n
          • Low cost to rent workspaces and offices.<\/li>\n
          • Excellent opportunities for growth.<\/li>\n<\/ul>\n

            In order to be able to establish your company in Umm Al Quwain, you can seek help from our business consultants in the Itqan office to provide the best solutions and guidance, which are:<\/p>\n

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            • Commercial License<\/strong>\u00a0: A commercial license allows its holder to engage in buying, selling, or providing specific services.<\/li>\n
            • Professional License<\/strong>\u00a0: Professionals can provide intangible services such as consulting services.<\/li>\n
            • Industrial License<\/strong>\u00a0: The industrial license allows you to practice industrial activities in accordance with the specific laws in the United Arab Emirates regarding industry and manufacturing.<\/li>\n<\/ul>\n

              As for the free zone in Umm Al Quwain, it is subject to different laws and regulations, especially regarding import, export, or taxes, which do not apply to establishing a company in Umm Al Quwain. The free zone in Umm Al Quwain is the most appropriate place for your activity if you plan to work within the Emirate of Umm Al Quwain. While running an international business.<\/p>\n

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              Licenses in Umm Al Quwain Free Zone<\/strong><\/span><\/h2>\n
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              • Commercial license<\/strong>\u00a0: There are two types of licenses in the commercial license: (general commercial license and\u00a0commercial licence\u00a0). The general commercial license allows flexibility and freedom to trade in permitted goods within the country, while the commercial license allows the import, export, distribution and storage of goods.<\/li>\n
              • Industrial licence<\/strong>\u00a0: In this license, it is possible to import, manufacture or assemble any commodity related to the activity specified in the licence, then export the final product. It also allows the import of raw materials required for the industry specified in the activity.<\/li>\n
              • Service licence<\/strong>\u00a0: This license allows you to practice any activity related to providing services, such as tourism services and courier services.<\/li>\n
              • Consulting License<\/strong>\u00a0: This license allows the provision of professional consulting services.<\/li>\n
              • Self-employment license<\/strong>\u00a0: This permit allows freelance work, for example, as a freelance journalist, and the future can carry out his work in his personal name and without the name of a company or trademark. This permit is allocated to workers in the media, technology, and film industry, and is issued to workers in creative jobs.<\/li>\n<\/ul>\n

                Although we obtain the licenses you need, regardless of your type of activity and the sector in which you choose to work, our services include many solutions for business preparation, trademark registration, obtaining visas for employees and investors, securing government approvals, accounting services, bookkeeping, and tax services.<\/p>\n

                Types of commercial licenses in the free zone<\/span><\/h2>\n

                There are many types of business licenses available in the Umm Al Quwain Free Zone. They can be summarized in the following table:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
                Type of license<\/th>\na description<\/th>\n<\/tr>\n<\/thead>\n
                Business license<\/td>\nCovering trading activities, import, export and distribution.<\/td>\n<\/tr>\n
                Industrial license<\/td>\nFor companies involved in manufacturing and production.<\/td>\n<\/tr>\n
                Services license<\/td>\nFor companies providing services such as consulting, training and maintenance.<\/td>\n<\/tr>\n
                Professional license<\/td>\nFor liberal professions such as law, engineering and medicine.<\/td>\n<\/tr>\n
                Media license<\/td>\nFor companies working in the field of media, publishing and advertising.<\/td>\n<\/tr>\n
                Administrative license<\/td>\nFor companies specialized in management, marketing and finance.<\/td>\n<\/tr>\n
                Multiple activity license<\/td>\nCovering a variety of business activities.<\/td>\n<\/tr>\n
                Contracting license<\/td>\nFor companies working in the field of contracting and construction.<\/td>\n<\/tr>\n
                Warehouse license<\/td>\nFor companies specialized in warehousing and logistical distribution.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

                Each license has its own requirements and conditions, so companies must contact the free zone administration to choose the appropriate license for their activity, and to obtain more details, contact Itqan Company.<\/p>\n

                Conditions for establishing a company in the Umm Al Quwain Free Zone<\/span><\/h2>\n

                In order for a company to be established in the Umm Al Quwain Free Zone in cooperation with Itqan Company, there are a number of conditions and requirements that must be met:<\/p>\n

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                • Choosing a business activity:<\/strong>\u00a0Determining the business activity to be practiced and obtaining the appropriate commercial license from the free zone.<\/li>\n
                • Establishing the company:<\/strong>\u00a0Choosing the ownership structure (sole proprietorship, limited liability company, joint stock company, submitting the application to establish the company to the free zone administration, in addition to completing the registration and licensing procedures.<\/li>\n
                • Capital requirements:<\/strong>\u00a0Determine the minimum capital required according to the type of company and nature of activity, with proof of the availability of the necessary capital when applying for a license.<\/li>\n
                • Planning for the office and facilities:<\/strong>\u00a0Obtaining the free zone\u2019s approval for the proposed office or facilities, and also meeting the design standards and technical requirements.<\/li>\n
                • Insurance and guarantees:<\/strong>\u00a0Obtaining the required insurance documents, such as civil liability insurance.
                  \nProviding financial guarantees according to the requirements of the free zone.<\/li>\n
                • Obtaining the required licenses:<\/strong>\u00a0Apply for the appropriate commercial license for the activity, and all necessary documents and approvals must be completed. Itqan Company also helps you with the necessary guidance and procedures to establish your company smoothly in the Umm Al Quwain Free Zone.<\/li>\n<\/ul>\n

                  Papers and documents<\/h4>\n

                  Below is a list of the most important documents required to establish a company in the Umm Al Quwain Free Zone:<\/p>\n

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                  • Emirates ID card or passport:<\/strong>\u00a0for the founder\/partners and authorized signatories.<\/li>\n
                  • Company establishment application form:<\/strong>\u00a0submitted to the free zone administration.<\/li>\n
                  • A copy of the Memorandum of Association and Articles of Association:<\/strong>\u00a0includes details of partners, ownership, and activity.<\/li>\n
                  • Certificate of good conduct: for the founder\/partners and authorized signatories<\/li>\n
                  • Proof of legal capacity: for foreign founder\/partners.<\/li>\n
                  • Proof of academic qualifications and experience: for the founder\/partners and general manager.<\/li>\n
                  • Proof of paid-up capital: bank statement or bank guarantees.<\/li>\n<\/ul>\n

                    Approval from government agencies (if necessary)<\/h4>\n
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                    • Depending on the nature of the activity.<\/li>\n
                    • No objection certificate for use of the trademark.<\/li>\n
                    • Other documents according to the requirements of the free zone.<\/li>\n
                    • Itqan Company works to help you prepare and compile all the required documents to ensure a smooth incorporation process.<\/li>\n<\/ul>\n

                      In conclusion,\u00a0the Umm Al Quwain Free Zone<\/strong>\u00a0offers attractive investment opportunities for companies wishing to expand and grow in the UAE. Thanks to its advanced infrastructure and attractive investment incentives, the free zone is an ideal destination for establishing a business.<\/p>\n

                      By cooperating with Itqan Legal and Financial Consulting Company, investors can benefit from the experience and support necessary to establish a company in Umm Al Quwain efficiently and effectively. Itqan helps complete all the legal and administrative procedures and requirements necessary to complete the incorporation process smoothly.<\/p>\n

                      With proper planning and preparation, and with the advice of Itqan Company experts, investors can optimally benefit from the advantages provided by the Umm Al Quwain Free Zone and achieve sustainable success for their business projects.<\/p>\n

                      Frequently asked questions about establishing a company in the free zone<\/span><\/h2>\n
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                      What are the main advantages of establishing in a free zone?<\/h3>\n
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                      • No taxes on profits and income.<\/li>\n
                      • Exemption from customs duties on imports and exports.<\/li>\n
                      • The possibility of full ownership of the company (100%) by the foreign investor.<\/li>\n
                      • Provides advanced infrastructure and logistics services.<\/li>\n
                      • Ease and speed of establishment and licensing procedures.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/section>\n
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                        What are the basic requirements for establishing a company in the free zone?<\/h3>\n
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                        • Minimum capital required<\/li>\n
                        • Complete the required documents and information.<\/li>\n
                        • Obtaining government approvals and licenses. The presence of an office or company facilities in the free zone.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/section>\n
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                          What steps and procedures must be followed?<\/h3>\n
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                          Conducting a feasibility study for the project Choosing the appropriate legal structure for the company Applying for a license with the free zone administration Obtaining the necessary approvals and licenses Completing the final registration and licensing procedures Opening a bank account in the name of the company<\/p>\n<\/div>\n<\/div>\n<\/section>\n

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                          Can a foreign investor fully own the company?<\/h3>\n
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                          Yes, the Umm Al Quwain Free Zone allows the foreign investor to fully own (100%) the company.<\/p>\n<\/div>\n<\/div>\n<\/section>\n

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                          What about capital requirements and financial guarantees?<\/h3>\n
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                          The minimum capital required varies depending on the type of activity and the legal structure of the company. The free zone administration may request financial guarantees as part of the licensing requirements.<\/p>\n<\/div>\n<\/div>\n<\/section>\n