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Umm Al Quwain Free Trade Zone

Conveniently located within 45 minutes from Dubai International Airport, Umm Al Quwain FTZ is an investor-friendly, progressive free-zone established mainly to favor SMEs and micro-businesses, which will benefit from advantageous set-up costs, 100% company ownership and zero currency restrictions.

UAQ FTZ is situated close to the UAE’s primary sea ports and within one hour’s drive of Dubai International Airport and Sharjah International Airport, ensuring easy access to the rest of the world.

UAQ FTZ offers:

  • 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:

  1. 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.
  2. 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.
  3. Consultancy 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.
  4. 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.
  5. Industrial License: import raw materials, then manufacture/ process / assemble / package the specified products, and export the finished product.
  6. 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.

Legal entities under UAQ FTZ:

  1. Free Zone establishment (FZE) – a single shareholder.
  2. Free Zone Company (FZC) – two to 50 shareholders.
  3. A branch of an existing company.

Business facilities:

  • 0% corporate and personal tax.
  • 100% company ownership.
  • 100% repatriation of capital and profits.
  • No share Capital Requirements.
  • 100% import and export tax exemption within the Free Zone.
  • Full range of business activities permitted.
  • Simple and fast registration process.
  • Office, warehouse and land availability.
  • Close to two international airports and major sea ports.
  • Investor-friendly rules and regulations.
  • Ideal location for SMEs and micro-businesses.

Documents required to open a business in UAQ FTZ:

  1. Passport copy of the owner.
  2. Passport copy of shareholders/directors.
  3. Proof of home address of the owner/manager.
  4. Application form.
  5. Memorandum and articles of association.
  6. Certificate of incorporation.
  7. Board resolution and power of attorney.

UAE Freezones | 👁 933 | Posted April 9, 2018 | Share on Facebook | Twitter | Google+

| Modified: April 9, 2018 | Author: