Offshore Company Formation in Umm Al Quwain

Offshore company formation in Umm Al Quwain, simple, easy and promising. A business in Umm-Al-Quwain will be the right step towards riches. Identify your business field, assign us the business set up process and reap the optimum benefit. 

You may be an established entrepreneur or a debutant thinking to try your hands in the favourable business sector. Whatever your business objective is, the authorities will support you to achieve it without much difficulty. Businesspersons, who could realize their business dreams here, have lauded the investor-friendly policies of the emirate. 

Kiltons has a team of expert professionals for supporting our clients. Established in 1999, we have been the guiding light for several business entities across the UAE. Reach out to us to discuss UAQ / Umm Al Quwain offshore company formation and related aspects. We will be the best business setup services to support your venture.


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FAQ's

Frequently Asked Questions on Offshore Company Formation in Umm Al Quwain

  • What are the mandatory documents required for proving my identity for forming a company in UAQ offshore?
    • You need to submit the following documents for establishing your identity –

      - Copies of passports of shareholders/ owners seeking business formation in Umm al Quwain offshore

      - Identity proof of the individual shareholders and owners

      - Proof of residence

      - Curriculum Vitae of the owner

  • Do I require a local Emirati sponsor for a business setup in Umm al Quwain offshore?
    • You don’t require a local sponsor and can own 100% of shares in the offshore company you establish in UAQ. Further, the visionary leadership in the UAE has decided to give up mandatory local Emirati sponsorship for all the jurisdictions in the country with effect from 01 December 2020. Hence, you can own 100% ownership in the companies formed in the country.
  • What are the benefits of Offshore company formation in Umm al Quwain?
    • The benefits of offshore business formation in Umm-al-Quwain include the following –

      - Exemption from local tax

      - Zero custom duties

      - No corporate or personal tax

      - 100% repatriation of capital and profit

      - Transaction in the currency of your choice

      - Permitted to open a bank account in UAQ

      - Investor-friendly policies

      - Quick setting up of business

      - Submission of annual audit report not mandatory

  • How can Kiltons help me in a business setup in Umm al Quwain offshore?
    • Kiltons has been the mainstay in the company formation of several business firms not only in UAQ offshore but also in other emirates and jurisdictions across the country. We will carry out the complete process on behalf of you. And guide you regarding the best business activities and other relevant factors. With our support, you can grow optimally in the business spectrum in the country.

  • Is it compulsory to file an audit report annually for a company in Umm al Quwain?
    • Filing of the audit report of UAQ offshore company is not a compulsory requirement.

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Procedures for Offshore Company Formation in Umm Al Quwain

The procedure for offshore business setup in Umm Al Quwain is unfussy. Understanding the detailed process will help you establish a company in the subject domain without any complications. We are detailing the step-wise process for your understanding. You may contact us to get the business set up done for you or in case of any doubts regarding the same. 

- Choose a trading name and register it with the authority. You may forward at least three options for trade name. Remember that there are certain regulations regarding trade name. Go through the laid down policies about trade names

- Offshore companies are not issued with a business license. A certificate of incorporation is issued, which will authorize the company for business operations in the jurisdiction

- Copies of passports of ex-pats seeking business formation in Umm Al Quwain offshore

- Identity proof of the individual shareholders and owners

- Proof of residence

- Curriculum Vitae

- Notarized legal structure of the offshore business set up in Umm-al-Quwain. This will include Article of Association (AOA) and Memorandum of Association (MOA)

- Letter from bank 

Submit an application to the governmental authority, attaching these documents. The competent authority will scrutinize the documents and issue the certificate of incorporation. 

Advantages of an Offshore Company in Umm al Quwain

Business fraternity across the globe has recognized exclusive and extensive advantages of company formation in Umm al Quwain offshore. Resulting in a great influx of entrepreneurs to the domain. 

- Exemption from local tax

- Zero custom duties

- No corporate or personal tax

- 100% repatriation of capital and profit

- Transaction in the currency of your choice

- Permitted to open a bank account in UAQ

- Investor-friendly policies

- Quick setting up of business

- Submission of annual audit report not mandatory

Kiltons for Offshore Business SetUp in Umm al Quwain

Kiltons have been facilitating business setup for established entrepreneurs and newbies in the jurisdiction of their choice across the UAE. We have been instrumental in the establishment and growth of countless business entities for a span of twenty-one years. Our professional team will strive to provide you with the best support from setting up a business to full-fledged operations. 

Are you looking for a business setup service in the UAE?

Contact us now.

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Call +971 522 407 111