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Umm Al Quwain Free
Trade Zone
Umm Al Quwain Free Trade Zone (UAQ FTZ) is an active and strategic business center in the United Arab Emirates. Located only 45 minutes away from the Dubai International Airport, it has many benefits on businesses, tiny and medium enterprises (SMEs), and startups. Alpha Equity can help you leverage the benefits of UAQ FTZ to establish and grow your business efficiently.
Key Landscapes
Strategic Location: UAQ FTZ is conveniently positioned near major transportation hubs, including:
- 30 minutes to 1 hour drive from Dubai and Sharjah International Airports
- proximity to the UAE’s primary seaports
- Direct access to UAQ port
Business-Friendly Environment:
- 100% foreign ownership allowed
- 0% corporate and personal tax (subject to meeting specific requirements)
- 100% repatriation of capital and profits
- No currency restrictions
- 100% import and export tax exemption within the Free Zone
Infrastructure: The free zone provides modern facilities, including offices, warehouses, and land plots for industrial use
Benefits for Startups and SMEs
UAQ FTZ is particularly attractive for startups and SMEs due to:
- Cost-effective leasing options
- Low operational costs
- Simplified registration process
- No minimum capital requirements
- Supportive ecosystem for entrepreneurs
Diverse Business Activities: UAQ FTZ offers over 1500 business activities, catering to a wide range of industries
1
Commercial License
2
General Trading License
3
Service License
4
Freelance Permit
5
General Trading
6
Industrial License
Recent Developments
By 2023, UAQ FTZ is now recognised as a free zone cabined Decision No. 54 of 2023, making it even more attractive as a place to recommend by the business that seeks profitable fiscal and regulatory environment
The Umm Al Quwain Free Trade Zone is an attractive package of advantages, i.e. perfect strategic location, tax incentives, multiplicity of business opportunities, and favorable infrastructure. Its status as a special free zone also solidifies it as a desirable place where companies can settle when trying to make a way in the UAE.
In Umm Al Quwain Free Trade Zone (UAQ FTZ) establishing a company goes through several fundamental steps including:
Choose Your Business Activity and Legal Entity
First, determine the type of business activity you plan to undertake
UAQ FTZ offers over 1,500 business activities across various sectors, including trading, manufacturing, and consulting
Then, select an appropriate legal entity:
- Free Zone Establishment (FZE): For single shareholders
- Free Zone Company (FZC): For two to fifty shareholders
- Branch of an Existing Company
Everything in UAQ FTZ is a limited liability company (LLC), and has to designate a natural person as manager, director and secretary.
Name Reservation and Documentation
Register your name of choice in business and make sure you abide by the UAQ FTZ naming standards.
Prepare the required documents, which typically include:
- Completed application form
- Passport copies of shareholders and directors
- Business plan
- No Objection Certificate (NOC) from current sponsor (for UAE residents)
- Memorandum and Articles of Association
Application Submission and Review
Apply and submit your application and documentation to the authority of the UAQ Free Trade Zone.
The department will process your application and notify you the requirements or steps to take.
Pay Registration Fees
After being approved, make payments of applicable registration and licensing fees. The lowest share capital is AED 300,000 that consists of 300 shares of AED 1,000 value each.
After the payment and verification of the documents are done, your company shall be issued with trade license by the UAQ Free Trade Zone Authority
This legalizes you to continue the conduct of business in the free zone.
Additional Steps
- Occupying Premises: In case lease space, warehouses or land is needed, lease it out of UAQ FTZ
- Visa Processing: to start visa procedures with yourself and employees in case of necessity
- Create Bank Account: Deposit a corporate banking account to take care of your business finances
Timeframe and Costs
The typical duration of establishing UAQ FTZ business is about 3-5 days when the shareholders are natural persons.
Prices depend on a kind of license and other accompanying services. The fee in license begins with AED 13,900 on primary type of Flexi-desk Company Setup within UAQFTZ, which is about AED 13,900 (USD 3,690).
Our business setup consultants will easily establish your company here in the UAQ Free Trade Zone with the help of authorities. With these steps, our business setup consultants will ensure you start doing business in this free zone that is strategically placed.
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