GSL / Offshore and International Law / Offshore zones / Middle East / United Arab Emirates / Umm Al Quwain / United Arab Emirates: Umm Al Quwain Free Trade Zone

Company Registration in Umm Al Quwain Free Trade Zone - Business Starting & Setup

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Service packages
Express
Standard
Optimum
Company registration
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Legal address per year
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Secretarial services for the first year
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Fees and duties for the first year
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Apostilled bound set of incorporation documents
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Compliance fee
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Nominee service per year
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Bank Account Pre-approval
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Price
9 400 USD

9 400 USD

9 900 USD

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Company registration in Umm Al Quwain Free Trade Zone

Umm Al Quwain Free Trade Zone

The Umm Al Quwain Free Trade Zone (UAQ FTZ) is a strategic project of the Umm Al Quwain Government, seeking to encourage entrepreneurial initiatives and provide the necessary infrastructure for a successful business community. Just 45 minutes off Dubai International Airport, Umm Al Quwain is an example of a progressive outlook and prosperity in the UAE.

Establishing an onshore company implies the possibility of obtaining residence visas for shareholders/employees, as well as their families, which is an indisputable advantage. Moreover, economic substance for onshore companies is created by renting an office or a workstation at Flexi desk / Flexi office.

Company Name

  • Can use Latin characters.
  • Must not be identical or similar to the name of an existing company.
  • Must have an ending indicating the legal form (“FZE”).

Company Registration

Company registration in Umm Al Quwain Free Trade Zone includes the following steps:

  1. Select a company name to be checked for availability (at least two names), the structure of the company (director, manager, secretary, member, and attorney) and type of licence (Industrial, General Trading, Commercial, Service);
  2. Pay fees for services;
  3. Provide the documents for directors / shareholders / attorneys (either originals or notarized copies);
  4. Prepare and submit a set of documents for company registration, get the documents signed by the officers and shareholders of the company;
  5. Receive the certificate of registration, articles and seal in the specified address.

Confidentiality

The UAE does not have public company registries that would contain details of shareholders or directors. Information about free zone companies can only be obtained at the request of a local court.

The register of shareholders and directors of the company is not accessible to third parties.

Local Registered Office

Upon registration the company and the Free Zone authority sign an office lease agreement; the address of such office is considered the official registered office address of the company.

UAQ FTZ offers various office packages depending on the needs of clients in terms of type and number of licences, number of visas, the need for substance and placement in the Free Zone: from flexi desk and flexi office (a separate room or cell in the open space of first-class business centres) to warehouses and land plots.

Seal

Companies are required to have a common seal.

Redomicile

The redomiciliation of companies either to or from the UAE is permitted.

Company structure

Directors

The director can be an individual. There are no requirements as to the residence of director.

The minimum number of directors is 1.

Details of directors are not accessible to public.

Manager

The manager can be an individual. There are no requirements as to the residence of manager.

The maximum number of managers is 1.

Details of the manager are not accessible to public.

Secretary

UAQ FTZ companies must also have a secretary that can be either an individual or a legal entity. One person can simultaneously act as shareholder, director, secretary, manager and authorized representative of the company.

Members

The minimum number of members/shareholders in the company is 1, maximum - 50. They can be individuals or legal entities, and there are no residency requirements.

Details of the shareholders are not accessible to public.

Beneficiary

Despite that many jurisdictions consider creating a public register of beneficial owners, the UAE does not have one yet. This means that there is no open access to the beneficial ownership information. It is stored by a service provider, namely a company registration agent, trustees, lawyers, accountants and other professionals, subject to strict confidentiality. Information about the beneficial owner can only be disclosed to regulatory authorities (for example, during inspections for its availability) or by court order.

Share Capital and Shares

Minimum share capital -AED 300,000.

May differ for certain business activities.

The share capital cannot be denominated in any currency other than AED. A company is allowed to issue only one class of shares, of AED 1000 or a multiple amount each.

Core Services

— Incorporation

Price9 400 USD

Including licence, rent of flexi-desk, stamp, and company registration. The cost of the package may vary depending on the number of shareholders, type of licence, and size of the office (the number of resident visas depends on the size of the office). The fees are stated for a company with a single shareholder and the possibility of obtaining 2 resident visas (minimum package).

— Corporate legal services

Price8 200 USD

Including licence, rent of flexi-desk, and company renewal. The fees are stated for a company with a single shareholder and the possibility of obtaining 2 resident visas (minimum package).

— Obtaining a residence visa

Price4 200 USD

Cost of one investor visa, including: payment of all government fees (Entry Permit, Medical & Emirates ID, Visa Stamping); preparation and submission of applications and necessary documentation; accompanying the applicant on the trip to the hospital and migration authority.

— Assistance with bank account openings

Price2 500 USD

Irrespective of the outcome of application

—Delivery of documents by courier mail

Price160 USD

DHL or TNT, at cost of a Courier Service

Compliance fee

Compliance fee is payable in the cases of: renewal of a company, liquidation of a company, transfer out of a company, issue of a power of attorney to a new attorney, change of director / shareholder / BO (except the change to a nominee director / shareholder)

Basic

Price250 USD

simple company structure with only 1 physical person

For legal entity in structure under GSL administration

Price50 USD

additional compliance fee for legal entity in structure under GSL administration (per 1 entity)

For legal entity in structure not under GSL administration

Price100 USD

additional compliance fee for legal entity in structure NOT under GSL administration (per 1 entity)

For client with high risk Status

Price350 USD

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