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UMM AL-QUWAIN (FREE TRADE ZONE)
Umm al-Quwain, the second smallest and least populated emirate in the UAE, is situated between Sharjah, Ajman, and Ras al-Khaimah, just 45 km away from Dubai. Traditionally reliant on fishing and date cultivation, the city’s port is a vital hub in the emirate.
UAQ FREE ZONE
UMM AL-QUWAIN FREE ZONE STARTING FROM
Zero Visa Packages Starting from
8,000/- AED
2 Visa Allocation (Visa Charges will be additional)
13,500/- AED
UMM AL QUWAIN FREE TRADE ZONE
Umm Al Quwain provides quality services and support through the Umm Al Quwain Free Trade Zone (UAQ FTZ), situated on the west coast of the UAE near the port of Ahmed Bin Rashid. With 845 meters of quay and 1,800 square meters of industrial land, UAQ FTZ offers stability in its economy and an authentic way of life. Whether working locally or globally, Umm Al Quwain provides an ideal environment to achieve objectives. Despite being the smallest emirate, UAQ Free Trade Zone offers facilities comparable to larger free zones, attracting businesses seeking affordable licenses, offices, warehouses, and other amenities.
UAQ – COMPANY FORMATION
Umm Al Quwain Free Trade Zone (UAQ FTZ) is designed as an inclusive free zone, catering specifically to the needs of SMEs and micro-businesses. These entities benefit from cost-effective establishment processes, complete ownership of their companies, and the absence of currency restrictions. Positioned just 45 minutes away from Dubai International Airport, UAQ FTZ provides a strategic location. Additionally, it is strategically located near major sea ports in the UAE, ensuring seamless connectivity to global markets within an hour’s drive from both Dubai International Airport and Sharjah International Airport.
BENEFITS OF UAQ COMPANY FORMATION
Investors in UAQ FTZ can capitalize on a business-friendly environment tailored for SMEs and micro-businesses. The zone’s commitment to providing a progressive atmosphere fosters growth opportunities for companies of varying scales. With an emphasis on ease of access and connectivity, UAQ FTZ facilitates efficient trade by being within an hour’s drive of both Dubai International Airport and Sharjah International Airport, contributing to seamless international business operations.
- Flexibility and ease of doing business.
- Customer-friendly approach.
- Investor-friendly climate
- Excellent growth opportunities.
- Cost-effective leasing options for office space and warehousing.
TYPES OF LICENSES IN UAQ FREE TRADE ZONE
- Commercial License: import, export, distribution and storing of items specified on the license. A Commercial License can have three different product lines or 10 similar product lines.
- General Trading License: trade in a wider range of activities, giving the freedom and flexibility to trade in any commodity which is permitted within the UAE.
- Consulting License: entities which offer expert or professional advice and is issued to all manner of professionals including artisans and craftsmen. It allows two similar activities.
- Freelance Permit: this allows an individual to operate as a freelance professional, and conduct business in one’s birth name as opposed to a brand name or company.
- Industrial License: import raw materials, then manufacture, process and transform, assembling, and package the specified products then export or sell in the local market as finished product.
- Service License: carry out the services specified on the license within the Free Zone, such as Logistics; Courier Services; Insurance Service Provider; Travel Agency; Tour Services; Car Rental etc.
COST OF COMPANY FORMATION IN UQA FREE ZONE:
| License & Visa Eligibility | Package Cost 1st year | Package renewal fee |
|---|---|---|
|
Micro Business Lyte – 0 Visa |
AED 8,000
|
AED 8,000
|
|
Startup Business License – 2 Visas
|
AED 13,500
|
AED 13,500
|
|
General Trading Lyte – 2 visas
|
AED 20,500
|
AED 20,500
|
|
Standard License – 3 visas
|
AED 20,500
|
AED 18,500
|
|
Premium Standard – 4 visas
|
AED 32,500
|
AED 30,500
|
The time frame of the company Formation is between 3 to 5 business days and the process can be done remotely so the presence of the shareholders and directors is not required.
Several items to be considered with the above packages such us:
- Residence Visa fee: AED 2,520 per applicant
- E-channel registration: AED 2,400 | Renewal fee: AED 1,400
- Medical checkup: VIP process AED 850 | Normal Process AED 450
- Emirates ID application fee: AED 390
SHARE CAPITAL
Authorized Currency: Local currency United Arab Emirates Dirhams (AED)
Minimum Capital Min requirement: AED 100,000
Maximum Capital requirement: No limit
Release of Share Capital: It is not required to deposit the share capital when the company is registered.
For more information on UAQ Free Trade Zone services, contact us on: info@xxxxxxx.COM
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As Dubai-based business consultants, we aid global investors in establishing their envisioned business ventures in Dubai and across the United Arab Emirates.