As a government organization directly operated by the UAE emirate of Umm Al Quwain, the UAQ Free Trade Zone is about 30 minutes away from Dubai. Umm Al Quwain stable economy, open investment climate and low costs of living and labour make it a strategic business base in the MENA region.
As a government organization directly operated by the UAE emirate of Umm Al Quwain, the UAQ Free Trade Zone is about 30 minutes away from Dubai. Umm Al Quwain stable economy, open investment climate and low costs of living and labour make it a strategic business base in the MENA region.
As a government organization directly operated by the UAE emirate of Umm Al Quwain, the UAQ Free Trade Zone is about 30 minutes away from Dubai. Umm Al Quwain stable economy, open investment climate and low costs of living and labour make it a strategic business base in the MENA region.
If you are seeking a Free Trade Zone close to a seaport in the UAE, consider establishing your company in the Umm Al Quwain Free Trade Zone (UAQ FTZ). Located in the Emirate of Umm Al Quwain, the UAQ Free Zone welcomes a diverse range of businesses, from micro-enterprises to large-scale corporations. It is an ideal location for global investors aiming to establish their business presence in the UAE.
At Filings.ae we assist you in every step of UAQ Free Trade Zone Company Registration. Contact us today to get started on your UAQ FTZ business journey!
Umm Al Quwain Free Trade Zone (UAQ FTZ) is a dynamic and thriving business hub located in the Emirate of Umm Al Quwain. Strategically situated in the core of the UAE, UAQ FTZ is just an hour's drive from Dubai and Sharjah International Airports. Umm Al Quwain Free Trade Zone (UAQ Free Zone) is an attractive destination for entrepreneurs and corporations due to its SME-friendly environment, favorable tax laws, low living and labor costs, etc.. Recognized with the Qadat Al Tagheer Award as the 'Best Free Zone for Startups and SMEs,' UAQ FTZ caters to startups and international companies. As a government organization, it offers significant business stability.
As a government organization directly managed by the UAE emirate of Umm Al Quwain, UAQ Free Zone offers business stability and a vast array of over 1500 business options, making it an ideal choice for those looking to establish a thriving presence in the region.
UAQ FTZ is a strategically designed business hub that provides many advantages to cater to the needs of businesses across diverse industries, making it an appealing destination for local and international investors. Some of the key benefits are listed as follows:
As mentioned above, a wide array of over 1500 business activities, encompassing trading, services, and manufacturing, are available for Umm Al Quwain free zone company formation.
Securing a business license is fundamental for UAQ Free Trade Zone Company Registration, defining your company's nature and establishing its legitimacy. UAQ Free Trade Zone offers licenses for Industrial, Commercial trading, General trading, Freelance Permit and Industrial.
Ideal for businesses buying and selling goods, whether within the UAE or internationally.
Authorizes import, export, storage, and distribution of specified items.
A comprehensive extension of the commercial license, offering the freedom to trade in a broader range of activities and commodities permissible within the UAE.
The UAE's service sector presents ample opportunities for service providers, playing a pivotal role in the country's economic growth.
Service licenses empower service-oriented companies to establish, market, and distribute their services effectively.
Designed for individual professionals, freelance permits enable them to operate under their personal name rather than a brand or company.
Tailored for talents in technology, media, film sectors, and certain administrative roles.
Essential for companies involved in manufacturing and production, transforming raw materials into finished products.
Mandates a physical office or warehouse, with UAQ Free Trade Zone offering cost-effective leasing of land units for industrial purposes, with some of the lowest operating costs in the region.
With these diverse licensing options, UAQ Free Trade Zone accommodates a wide spectrum of businesses, streamlining the licensing process for entrepreneurs and corporations alike.
UAQ Free Trade Zone offers a wide spectrum of over 1500 business activities.
Multiple activities can be bundled under a single license, with commercial licenses allowing for either ten similar or three different categories. Consultancy, service, and freelancer permits can accommodate two activities.
Entities have the option to obtain dual licenses within the same entity. For instance, a company with a commercial license can acquire a consultancy/service license without establishing a separate entity. License validity spans at least one year, with multi-year licenses also available. Licensing activities can be amended throughout their validity period to accommodate changing needs.
In addition to business licensing offerings, UAQ Free Trade Zone provide a range of supplementary services designed to support. These services encompass office spaces, budget-friendly warehouses, and land parcels for development, offering versatile solutions to meet diverse business needs and foster growth.
The initial step involves selecting a legal entity when embarking on the UAQ Free Trade Zone Company Registration. All entities established within the Umm Al Quwain Free Trade Zone will inherently have limited liability (LLC) and must appoint a natural person as the manager, director, and secretary. In UAQ Free Zone, various entity options are available, including:
Shareholders: Shareholders can be individuals or corporate entities, with a maximum limit of 50.
Directors: Directors must be individuals, with a minimum requirement of one director. Shareholders can also serve as directors during company formation in the UAE.
For UAQ FTZ Company Setup, the minimum share capital is AED 300,000, comprising 300 shares of AED 1,000 each. In the case of a Branch Office, there is no mandatory share capital requirement. If applicable, The share capital should be deposited in a bank before or after company incorporation. It's worth noting that shares are considered issued upon company incorporation, regardless of whether the share capital is deposited in the bank before or after incorporation.
There is no requirement for an audit report as part of UAQ free zone company setup.
Company registration can be accomplished without the need for a personal visit. However, shareholders are required to sign the incorporation documents and send the original hard copies to the UAE for the incorporation process.
The owners must furnish specific personal documents for the business setup, which may include:
Registering a company in the UAQ Free Trade Zone involves several steps to ensure a smooth and compliant setup process. Here is a detailed procedure for UAQ Free Trade Zone Company Registration:
Determine the type of business activity you plan to undertake, as this will influence the license you must apply for.
Choose the appropriate legal entity for your business, such as a Free Zone Establishment (FZE), Free Zone Company (FZC), or a branch of an existing company.
Check the availability of your preferred business name and reserve it with the UAQ Free Trade Zone. Ensure that the chosen name complies with naming conventions and regulations.
Gather and prepare all required documentation. The specific documents will depend on whether the shareholder is an individual or a corporate entity, as outlined in previous responses.
Submit your application for company registration along with the necessary documentation to the UAQ Free Trade Zone authorities.
The UAQ Free Trade Zone will review your application. Once approved, you will receive a notification detailing the applicable fees and payment instructions.
Sign the necessary incorporation documents, including the Memorandum and Articles of Association
After the completion of the payment and the signing of the required documents, the UAQ Free Trade Zone Authority will proceed to issue the business license.
You can lease these from the UAQ Free Trade Zone if your business requires physical office space, warehouses, or land. They offer various leasing options to accommodate different needs.
If you need employee visas, initiate the visa application process for your staff members. The exact process may vary depending on the number of visas required.
The final step before commencing business operations is UAE bank account opening. Filings.ae professional can streamline this final step.
Once you have received your license and completed all necessary arrangements, you can commence business operations within the UAQ Free Trade Zone.
Ensure ongoing compliance with UAQ Free Trade Zone regulations and reporting requirements to maintain your business's good standing.
Filings.ae experts play a pivotal role in simplifying and streamlining every step of the Umm Al Quwain Free Trade Zone (UAQ FTZ) Company registration process. With our extensive knowledge and experience, we provide invaluable assistance, ensuring that establishing a business in UAQ FTZ is smooth and hassle-free. From initial consultations and choosing the right license to document preparation, submission, and even post-registration compliance, our experts guide you at every step.
Contact us today to get started on UAQ FTZ company registration procedure!
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