Umm Al Quwain Company Formation

Umm Al Quwain Company Formation Packages

Umm Al Quwain Free Zone Company Formation

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Umm Al Quwain Free Trade Zone (UAQFTZ) Free Zone Company Formation

Introduction – Free Zone Focus

The emirate Umm Al Quwain is located on the west coast of UAE and 45km from Dubai. The emirate is well known its desert landscape and unique flora and fauna and is a popular holiday destination. Umm Al Quwain is a thriving emirate with a modern infrastructure.

Umm Al Quwain Free Trade Zone (UAQFTZ) is also known as Ahmed Bin Rashid Port Free Zone. Umm Al Quwain’s sound economy and low cost of living and labour makes it an ideal strategic location for businesses in the MENA region. All main air and sea ports are accessible by sea or road which enables efficient worldwide access. The Far East, Asia and European markets are all within easy reach.

UAQ FTZ is investor-friendly as it provides a prosperous, safe and secure business environment. With the simple and hassle free setup of businesses, establishing a commercial base in the UAE has never been simpler.

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Competitive Advantages: Why UAQFTZ?

• Zero corporate tax
• Zero personal tax
• 100% company ownership
• 100% repatriation of capital and profits
• 100% import and export tax exemption in the Free Zone
• Zero currency restrictions
• Zero restrictions on hiring foreign employees
• Wide range of business activities possible
• Easy and speedy registration
• Cheap setup costs
• Modern and hassle free rules and regulations
• Flexibility and ease of doing business
• Investor-friendly and customer-friendly business approach
• Wonderful opportunities for growth
• Cost-effective options for offices and warehouses
• Excellent customer service
• Modern facilities, ideal for SMEs and start ups
• Strategic location providing access to more than two billion consumers
• Near two international airports and main sea ports
• Special allowances at UAQ’s sea port

Contact Details

Umm Al Quwain Free Trade Zone Authority
PO Box 7072
Umm Al Quwain
UAE
TEL: 00971 6 7647272
FAX: 00971 6 7649782
Email: INFO@UAQFTZ.COM
Website: http://uaqftz.com/

Key People

Board of Directors – Port, Customs and Free Zone Establishment:

H.H. Sheikh Khalid Bin Rashid Al Mu’Alla – Chairman

H.H. Sheikh Ahmed Bin Rashed Bin Abdul Aziz Al Mualla – Member

Sultan Saeed Sultan Al Ali – Executive Director

UAQ Free Trade Zone Authority:

Johnson M. George – General Manager

Umm Al Quwain Free Trade Zone Registration Process

What is needed to set up your company:

Documents needed for a FZE – FZC:

Documents needed for a Branch:

1. The documents required for a branch should be legalized and attested by the UAE Embassy or Consulate where the parent company exists and from the Ministry of Foreign Affairs in the UAE
2. The company Shareholders need to submit the same documents that are required for the branch (see above)
3. Each legal document needs to be sealed and initialed if it is more than one page

Six Steps to Obtaining your License:

Step 1 – Select the license

Decide which license is the most suitable for the business’ activities. UAQFTZ’s experienced personnel can assist clients with selecting the most suitable license.

Step 2 – Select the entity

Select one of the three options:

• A Free Zone Establishment (FZE), ideal for a single shareholder
• A Free Zone Company (FZC), for 2 up to 50 shareholders
• A Branch of an existing company

Step 3 – Select the facility

Select your preferred facility from a variety of offices, warehouses and land available at UAQFTZ.

Step 4 – Submit the required documents

Submit the required documents for FZE-FZC as well as branches. UAQFTZ’s experienced personnel can assist clients with the submission of documents.

Step 5 – Make the payment

Payment of UAQFTZ’s invoice is necessary following submission of the documents.

Step 6 – Get your Trade License and start your business

On payment of the invoice, your company will be licensed by UAQFTZ Authority. UAQFTZ’s experienced personnel can assist clients with queries. You are ready to begin trading in UAQFTZ as soon as the license has been issued.

Now you need to open a bank account and apply for a residence visa.

Umm Al Quwain Free Trade Zone Services

Commercial License

A Commercial License allows the import, export, distribution and storage of the items that are specified on the license. This type of license is suitable for three different product lines or ten similar product lines.

General Trading License

A General Trading License allows the licensee to trade in more activities. This type of license enables more flexibility and freedom for the trading of any commodity permitted

Industrial License

An Industrial License allows the import of raw materials leading to the manufacturing, processing, assembling, packaging of specific products and the exporting of end products.

Consultancy License

A Consultancy License is used by companies who provide professional advice. Two similar business activities are permitted with this license.

Freelance Permit

A Freelance Permit enables a person to conduct business as a freelance professional, using his/her name instead of a company or brand name. This type of permit is ideal for professionals in the fields of media, film, technology and others.

Service License

A Service License is issued to providers of services. It allows the license holder to provide the services that are specified on the license inside the Free Zone. Examples of services are insurance services, travel services, courier services, logistics services, tour services, car rentals etc.

Umm Al Quwain Free Trade Zone (UAQFTZ) Map