Umm Al Quwain

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Umm Al Quwain is one of the seven constituent emirates in the United Arab Emirates, located in the north of the country. It is the second smallest and least populous Emirate in the UAE. The closest body of water near it is the Persian Gulf. The emirate is ruled by Saud bin Rashid Al Mualla. The current crown prince is Rashid bin Saud bin Rashid Al Mua’lla, and the deputy ruler is Abdullah bin Rashid Al Mualla III. It had 72,000 inhabitants in 2007 and has an area of 770 km2 (300 sq mi).

Unlike some of its neighbors, Umm Al Quwain has not made any significant find of oil or gas in its territory and depends on revenue from hotels, parks and tourism, fisheries and general trading activities as well as the Umm Al Quwain Free Trade Zone (UAQFTZ) based at Port Ahmed Bin Rashid.

A number of government initiatives and strategies have been put in place to incentivize growth in trade and industrial activity in the emirate, including a 2018 move to reduce government fees to business and waive fines and violations levied against businesses which had not renewed their trade licenses.

UAQ’s attraction lies in its long clean beaches, an enclosed lagoon & public horse riding stables. The tourism got a further boost with Dreamland – the world’s largest aqua park.

Free Zones in Umm Al Quwain
  • UAQ Free Trade Zone (UAQFTZ)

Frequently Asked Questions

Free Zone Companies are registered and listed with a Free Zone Authority (e.g DMCC). A DMCC Free Zone Company does not require you to have any Local UAE Citizen Partner and can be 100% owned by any foreign citizen and/or company.

 

DMCC Free Zone companies can be registered as an Individual, Branch, and/or Subsidiaries of Local UAE or Foreign Companies.

Yes, you can choose any name yourself. However, the registration will go through the DMCC Authority and Dubai Economic Department approvals.

The number of employees you can hire depends on the Office Space you lease. If you require more visas than the allocated number, additional fees are applicable. At Mayfair Executive Office, you get 3 Visas and 1 PIC per office, regardless of the size.

It is mandatory to acquire a facility upon issuance of the License. You can either rent or buy a Flexi Desk, Serviced Office, Physical Office, Retail Space and Warehouses or Open Land for Industrial Units.

Having an office facility is a mandatory. DMCC Free Zone companies are only allowed to have an Office Facility inside DMCC Free Zone in Jumeirah Lakes Towers (JLT).

DMCC provides three types of visas: employment visa, dependents residence visa, and business visit visa.

The amount of the Share Capital varies depending on the chosen activity. A minimum required Share Capital for a Service/Commercial Trading License is AED 50,000; and AED 1 Million for General Trading. This amount must be deposited in the company’s bank account and once Share Certificate is issued by the bank, money can be withdrawn thereafter.

Yes, you can and there is a wide variety of good banks to choose from.

Yes, you are allowed to trade locally and internationally but subject to the Rules and Regulations of DMCC Free Zone.

The documents and the company setup costs will depend on the activity chosen. To get a better idea about the costs involved, click here.

Company formation in DMCC has a minimum processing of 3-6 weeks. However, the speed of approvals will depend on the chosen activity, certification and attestation requirements.

Yes, Park Avenue Offices has a team of professionals well versed with the DMCC rules and regulations and will help you with all documentations and procedures.

 

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