Establishing a company in the Umm Al Quwain Free Zone provides many privileges and lucrative job opportunities for businessmen and investors, due to the Emirate of Umm Al Quwain’s wonderful strategic location. The most important feature of establishing a business in the free zones in Umm Al Quwain is that the regulatory authorities do not impose a minimum capital requirement. Money for establishing a company in the free zone , and it allows many different licenses such as general trade, free licenses, service licenses, industrial licenses, and national industries. Most companies in the free zones in Umm Al Quwain operate in the sector of exporting, importing and re-exporting goods.

In order to be able to obtain quick procedures in a short time, you must seek the help of a business consultant who will complete the procedures you need to establish your company. Farahat Consulting Office in the Middle East includes a large group of business consultants who are experts in business preparation and company establishment, who can help you with many services before Establishing your company and after starting your business.

Establishing a company in the Umm Al Quwain Free Zone

Establishing companies in the free zones in Umm Al Quwain

Establishing companies in Umm Al Quwain free zones is an attractive investment option for many entrepreneurs. These areas provide companies with the opportunity to benefit from several economic and operational advantages. The free zones in Umm Al Quwain are characterized by advanced infrastructure and appropriate commercial legislation, which enhances the business environment and contributes to attracting investors. These free zones provide facilities for establishing and operating companies, including tax exemptions.

No restrictions on money transfer, and easy access to the regional and global market. It also offers investment opportunities in various sectors such as manufacturing, logistics, and technology, which contributes to economic diversification. Thanks to effective management and its encouragement of innovation and sustainability, Umm Al Quwain Free Zones are home to many successful companies that have benefited from the favorable local investment environment. Establishing companies in these areas represents a strategic investment opportunity for those wishing to benefit from a strategic location and multiple operational advantages.

Steps to establish companies in free zones

If you want to establish a company in a free zone in Umm Al Quwain, the following are general steps that can be followed:

1. Research and Explore: Research available free zones in Umm Al Quwain and explore the available options. Study local laws and regulations related to establishing companies in the free zone.
2. Choosing a business: Select the type of business activity you would like to practice in the free zone. Make sure the chosen activity is compliant with local laws and regulations.
3. Choosing the legal type of company: Decide what type of company you want to establish, such as a local company, a limited liability company, or an overseas branch of another company. Consult a local legal advisor for advice on which type is most appropriate for your company.
4. Get licenses and permits: You may need to obtain specific licenses and permits to establish your company in the free zone. Contact local authorities and follow the procedures required to obtain these licenses.
5. Establishment of the company: Submit an application to establish the company and submit the required documents, such as the necessary contracts, agreements, and certificates. You may also need to pay a company registration fee.
6. Obtaining work and residence permits: Once the company is established, you may need to obtain work and residence permits for foreign employees and shareholders. You may need to submit the required documents and comply with the procedures specified by the relevant authorities.
7. Getting started: Once you obtain all the necessary licenses and permits, you can start working in your company in the Umm Al Quwain Free Zone.
   You should note that these steps are general guidelines, and the exact requirements and procedures may vary from place to place and based on the type of company and business activity chosen. Therefore, it is always preferable to consult Itqan\\\’s experts in free zone legislation in Umm Al Quwain to obtain accurate and updated information and for the necessary guidance in the process of establishing the company.

Fees for establishing companies in the free zone

The fees incurred for establishing companies in the Umm Al Quwain Free Zone depend on several factors, including the type of company, economic activity, and services required. It is always best to check the latest updates with the local authorities or relevant body. However, basic fees for establishing companies in the free zone may include:

• Company registration fees: These fees are charged to submit the application and register the company in the commercial registry, and depend on the type of company.
• Government approval fees: There may be fees for obtaining the government approvals necessary to establish a company.
• Support services fees: If you require additional services such as legal advice or financial services, there may be additional fees.
• Special license fees: If your company plans to carry out special activities, there may be fees for obtaining its own licenses.
• Visa and Labor Fees: If employing foreign employees, fees may include the costs of necessary visas and permits.
• Infrastructure fees: There may be fees for making use of the infrastructure available in the free zone, such as facilities and logistics.
• Financing and Support Fees: In some cases, new businesses may be offered support and financing programs with fees or benefits that accompany them.

Investment opportunities available in the Umm Al Quwain Free Zone?

The Umm Al Quwain Free Zone is considered one of the most important economic centers in the United Arab Emirates, and provides many investment opportunities in various sectors. Below are some of the main investment opportunities available in the Umm Al Quwain Free Zone:

• Logistics and Distribution Sector: Umm Al Quwain Free Zone is an important base for logistics companies and distribution centers, and provides an advanced infrastructure for shipping, warehousing and distribution. This infrastructure can be exploited to create logistics companies, providing warehousing and distribution services to other companies.
• Manufacturing industries sector: Umm Al Quwain Free Zone encourages the establishment of companies specialized in manufacturing and manufacturing industries, such as food and beverage industries, chemical and plastic products, and metal and electronic products. The advanced infrastructure and resources available in the region can be exploited to develop innovative manufacturing industries.
• Financial and consulting services sector: Umm Al Quwain Free Zone is considered an important financial and consulting center, and attracts international financial companies and consulting firms. Financial and advisory services companies can be established, such as banks, non-banking financial companies, and legal, financial and management consulting companies.
• Technology and Innovation Sector: Umm Al Quwain Free Zone is interested in developing innovation and strengthening the technology sector. Opportunities can be invested in establishing technology companies and software companies, working in areas such as biotechnology, artificial intelligence, mobile applications, and cybersecurity.
• Tourism and Hospitality Sector: Umm Al Quwain is considered an important tourist attraction in the United Arab Emirates, and attracts tourists from all over the world. Opportunities can be invested in establishing luxury hotels and resorts, restaurants, cafes, entertainment centers, and organizing tourist trips and cultural events.

Investment opportunities available in the Umm Al Quwain Free Zone?

Licenses in Umm Al Quwain Free Zone

Commercial license: There are two types of licenses in the commercial license: (general commercial license and commercial licence). 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, in addition to the following:

• Industrial licence: 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.
• Service licence: This license allows you to practice any activity related to providing services, such as tourism services and courier services.
• Consulting License: This license allows the provision of professional consulting services.
• Self-employment license: This permit allows freelance work, for example, as a freelance journalist, and the future can carry out his work under 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.

At the conclusion of this article, we can conclude that establishing a company in a free zone in Umm Al Quwain can be an exciting and rewarding investment option for individuals and companies wishing to take advantage of the thriving economic environment and competitive advantages that the emirate offers.

In cooperation with Itqan Consulting Company, individuals and companies can benefit from the support and guidance necessary to establish a company in a free zone in Umm Al Quwain. The company provides comprehensive services that include feasibility studies, planning, company registration, and assistance in meeting the necessary legal and administrative requirements.

Thanks to Itqan Consulting Company\\\’s experience and extensive knowledge of Umm Al Quwain Free Zone policies and procedures, clients can benefit from customized guidance and expert guidance to reach a successful and smooth incorporation process.

Frequently asked questions about establishing a company in the Umm Al Quwain Free Zone