How To Start Freezone Company Setup In Umm Al Quwain?

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UMM AL QUWAIN FREE ZONE

The Umm Al Quwain Free Zone is located on the West Coast of the United Arab Emirates, in the Emirate of Umm Al Quwain (UAQ). The Free Zone complex consists of 845 meters of quay wall with 400 meters capable of handling ocean-going vessels and 118,000 square meters of land reserved for light Industrial Development.

 

FEATURES

  • Types of activities include manufacturing, processing, assembling, packaging, import/ export, distribution, storage services
  • Leases up to 15 years.
 
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Mainland Company Setup

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Complete exemption from corporate tax
Possible to operate from UAE
No Capital requirements
No currency restrictions
Employment visa processing made simple
Repatriation of profits and capital
No audit requirements
Minimum responsibility and maximum benefits
Single person can open up an LLC
The maximum number persons or employees an LLC can have is 50
Corporate bank account in UAE
The UAE Companies law does not prescribed any minimum share capital but the entity should have adequete capital to achieve the incorporation purpose. Normally accepted minimum share capital for an LLC registered in Dubai was AED 100,000.

Presently, there is no requirements to deposite the share capital in UAE local bank.

Draft the MOA and AOA
Help in obtaining approval from DED
Registering the company name
Acquiring out an office space