Umm Al Quwain Free Trade Zone (UAQFTZ) and the Dubai International Financial Centre (DIFC) Courts have signed a Memorandum of Understanding (MoU) to enhance cooperation between the two parties and provide an opportunity to exchange information and provide awareness to businesses in Umm Al Quwain Free Trade Zone regarding the suite of public services provided by the DIFC Courts. In addition to giving businesses operating in the UAQ Free Trade Zone access to a highly effective legal system, the MoU aims to create a framework for collaboration between the two organizations to support the UAE business community, making the Zone more attractive for trade and investment.
This association is a significant step forward for the UAQ Free Trade Zone as it demonstrates our commitment to providing a business-friendly environment for our clients, working together and collaborating, especially in the field of Wills registration, as agreed upon in this partnership.
Though the DIFC Courts offers dispute resolution services for large commercial as well as civil disputes, it also offers resolution of smaller disputes through the Small Claims Tribunal. Ancillary services such as the Wills Service and the new ‘tejouri’ digital vault provide users with a depth of options tailor built to address the needs of not only individuals, but also small and large businesses.”
The two parties further agreed on the importance of launching awareness campaigns aimed at the business community, as well as promoting the services provided by both parties, whilst providing each other with statistics, publications, periodicals, indications, laws, and regulations governing their public services for the benefit of the end-users.
The UAQ Free Zone has been actively expanding its service offerings by forming strategic alliances with a number of reliable business partners to increase investor-friendliness.
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