Company registration in the Umm Al Quwain (UAQ) Free Zone

We will assist in the registration of companies in offshore zones of the UAE:

• Company registration in Ras al Khaimah Economic Zone
• Company registration at the Dubai World Trade Centre
• Company registration in Dubai South Free Zone
• Company Registration at Dubai Multi Commondities Centre
• Company registration in Ajman Media City Free Zone
• Company registration in Ajman Free Zone

The UAQ Free Zone was established in 1987 and was originally named Ahmed Bin Rashid Port and Free Zone. The emirate is located 45 km from downtown Dubai. Local authorities make a lot of efforts to make the process of registering a company in this region as simple as possible. Office rent in Umm Al Quwain is significantly lower than in other regions of the United Arab Emirates.

The FEZ is well suited for high-tech activities and is considered very favorable for small and medium-sized businesses. Among foreign entrepreneurs, the areas of IT, consulting, trade in jewelry, auto parts are especially popular.

Organizational and legal forms of companies

• FZE– a company with one founder, natural or legal person;
• FZC – a commercial organization created by two or more shareholders (maximum – 50);
• branch of an already existing company – local or foreign.

What is included in the price

1. Consultation with a Crystal Tax specialist.
2. Due Diligence – verification of the ultimate beneficiary (according to Ukrainian law, this is mandatory).
3. Collection of documents, their translation, certification by a notary or an emirates embassy, registration of a license for our employee.
4. Pay registration fee.
5. Issuing a license for the selected type of activity.
6. Office rent.

Documents required to open a company

1. Color copies of the passports of all participants in the enterprise.
2. Short summaries of education and professional experience.
3. Copy of latest UAE entry visa
4. Original utility bill (mobile phone bill also works).
5. Letter from the bank confirming the existence of an open account.
6. Passport size photo on a white background.

Additional documents may be requested when obtaining a license.

Documents provided after registration

3. Constituent documents.
4. License.

Working algorithm

1. We provide consultations on all issues of company registration over the phone or in person at our office in Kyiv.
2. Organize the Due Diligence procedure.
3. You pay for the ordered services.
4. Our lawyers are preparing a package of documents.
5. We are registering a company.
6. We give you documents for a ready-made organization.

Principles of jurisdiction

1. No taxes on income and profits.
2. Stable economic environment.
3. Affordable office rental
4. Possibility of 100% ownership of the company by non-residents.
5. A wide range of fields of activity.
6. No need for an annual audit.

Disadvantages of jurisdiction

1. UAQ licenses are only valid within the free zone.
2. Having a visa, visiting the UAE in the past is required.
3. The sale of goods and the provision of services outside the FEZ are carried out exclusively through an agent, a distributor with an appropriate license.

List of banks in jurisdiction

• National Bank of Umm Al Quwain;
• Emirates Islamic Bank;
• Abu Dhabi Islamic Bank.

Company Requirements

1. Company name must be unique (countries, cities, brands are not allowed).
2. Authorized capital – AED 300,000
3. Renting or buying an office is required.
4. Accounting records must be kept for 10 years.

Licenses

1. Commercial (trade exclusively in groups of goods specified in the license).
2. General trade (sale of any product).
3. Service (providing services).
4. Industrial
5. Freelance permission.