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.