UAQ Free Zone signs MoU with DIFC Court

UAQ Free Zone signs MoU with DIFC Court

UMM AL QUWAIN, United Arab Emirates, February 17, 2023 /EINPresswire.com/ — Umm Al Quwain Free Zone (Qingdao Free Trade Zone) and the Dubai International Financial Center (DIFC) Court signed a Memorandum of Understanding (MoU) to strengthen cooperation between the two parties and provide an opportunity to exchange information and raise awareness among businesses in the Umm Al Quwain Free Zone DIFC Court provided Public Service.

In addition to providing businesses operating in the area with UAQ Free Trade Zone With an efficient legal system, the MoU aims to create a framework for cooperation between the two organizations to support the UAE business community and make the zone more attractive for trade and investment. The MoU is between His Excellency Sheikh Khalid Bin Rashid Al Mualla, Chairman of Umm Al Quwain Free Zone Authority, His Excellency Judge Omar Al Mheiri, Director of DIFC Courts and UAQ Free Zone.

“We are delighted to have signed the Memorandum of Understanding with the DIFC Court. This association is an important step forward for the UAQ Free Zone as it demonstrates our commitment to provide our clients with a business-friendly environment to work together and collaborate, especially In the area of ​​probate, as agreed in this partnership, the DIFC Courts’ reputation for fair and transparent solutions will provide added confidence to businesses looking to invest in the region,” said Johnson M, General Manager, UAQ Free Zones. . Mr. George said.

“The DIFC Court is honored to have entered into this agreement with the Umm Al Quwain Free Trade Zone,” said His Excellency Judge Omar Al Mheiri, President of the DIFC Court. We continue to believe that our existing unique offerings can contribute to the overall value proposition of the business and see this partnership agreement as another step in raising awareness among residents and investors in the Emirate of Umm Al Quwain.

As well as providing dispute resolution services for large commercial and civil disputes through our dedicated division, the DIFC Courts also resolve smaller disputes through the Small Claims Court. Ancillary services such as Will Services and the new ‘tejouri’ digital vault give users options for deep customization, not only to meet the needs of individuals, but also small and large businesses. “

The parties further agree on the importance of carrying out awareness campaigns aimed at the business community and promoting the services provided by both parties, while providing each other with statistics, publications, periodicals, directives, laws and regulations concerning their public services for the benefit of end users.

UAQ Free Zone actively expands its services by forming strategic alliances with many reliable business partners to increase investor friendliness.

About UAQ Free Trade Zone
The Umm Al Quwain Free Zone is a fast-growing logistics and business hub in the MENA region, delivering unrivaled value to its more than 9,000 investors through innovative incentives. This strategically located business hub offers many benefits including cost-effective permits, offices and warehouses, 100% foreign ownership, 100% repatriation of capital and profits, zero currency restrictions, 100% free zone import and export duties Exemptions, easy and fast registration process, excellent customer support, no restrictions on hiring foreign workers, and many other modern and investor-friendly regulations.

About the DIFC Courts
The DIFC Courts in the UAE administer a unique English common law system – providing prompt, independent justice to resolve local and international commercial or civil disputes. Courts in Dubai provide certainty through transparent, enforceable judgments from internationally recognized judges who adhere to the highest global legal standards. Independent of, but complementary to, the UAE’s Arabic-speaking civil law system, the DIFC Courts offer options to enhance both processes while ensuring public access to world-class judicial services.

The DIFC Courts were established by a law promulgated in September 2004 by the late HH Sheikh Maktoum bin Rashid Al Maktoum, Ruler of Dubai. The law establishing the DIFC Courts is designed to ensure that the DIFC Courts provide the certainty, flexibility and efficiency expected by court users. The Court’s community-centred approach encourages early resolution, while a successful record supports Dubai’s growing status as an international business centre.

Umm Al Quwain Free Zone
Umm Al Quwain Free Zone Authority
+97167647272 ext.
info@uaqftz.com
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