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Formed with one individual, either an individual or a company. The minimum capital requirement depends on the activity.
Formed with a minimum of two and a maximum of five shareholders, either individuals or companies, or a combination of both.
The license allows an existing local or foreign company to open a representative office or branch within the free zone. The branch will be legally dependent on the parent company.
The license allows an individual to conduct business as a freelance professional. This can done under the individual’s name rather the brand name.
Umm Al Quwain Free Trade Zone is one of the most attractive investment destinations in the region, facilitated by a string of professional support services and easy licensing processes.
Entrepreneurs working within the free zone benefit from a modern legal framework, business-friendly administration, easy access to quality labor, and low costs of living.
Most Free Zones themselves have a variety of options for coworking spaces, offices, warehouses, and other facilities that are either fully equipped or customised according to your need. Mainland companies can take up commercial spaces anywhere within their emirate of incorporation.
Due to the range of requirements and specifications for each setup, the costs can vary significantly. Worldwide Formations offers its clients exclusive packages starting from AED 5,275 (USD 1,437).
One of the most fundamental distinctions between the two is that a Free Zone company can only do business with the UAE market through a third-party supplier or partner. On the other hand, a Mainland company can carry out B2B and B2C activity anywhere in the UAE.