Jurisdictions >> UAQ FTZ >> UAQ Free Trade Zone

Umm Al Quwain Free Trade Zone (UAQ FTZ)

Worldwide Incorporation Services specializes in the UAQ Free Trade Zone – Free Zone Company Formation, establishment of branches of local and foreign companies, opening bank accounts and visa processing services.

Umm Al Quwain Free Trade Zone – General Information

Emirate: Umm Al Quwain.
Country: UAE.
Location: Middle East, bordering the Gulf of Oman and the Persian Gulf, between Oman and Saudi Arabia.
Time Zone: UTC+4.
Currency: Emirati dirham (AED).

UAQ Free Trade Zone – Overview

General Information about UAQ Free Trade Zone

Umm Al Quwain 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.

Welcomed business activities

All business activities are welcomed by UAQ FTZ.

Key Benefits of setting up a UAQ Free Zone Company

0% corporate and personal tax
100% company ownership
Full range of business activities permitted
100% repatriation of capital and profits
No currency restrictions
100% import and export tax exemption within the Free Zone
Simple and fast registration process with excellent customer support
Hi-tech facilities including office, warehouse and land availability
Strategic location with access to over two billion consumers
Ideal location for SMEs and micro-businesses
Close to two international airports and major sea ports
Special concessions at UAQ’s sea port
No restrictions on hiring foreign employees
Modern and investor-friendly rules and regulations

UAQ FTZ – Legal Entities

The UAQ FTZ Authority allows three types of business setups:

Free Zone Establishment

A Limited Liability Establishment incorporated in UAQ FTZ, owned by one natural or juridical person with a distinct legal entity

Free Zone Company

A Limited liability company incorporated in UAQ FTZ, by more than one shareholder with a distinct legal entity

Branch

For existing companies wishing to establish a base in UAQ FTZ

Types of License in the UAQ FTZ

The categories of license available within the UAQ FTZ are:

Commercial / Trade License

Commercial License

This authorises the 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

This enables the licensee to trade in a wider range of activities and gives the freedom and flexibility to trade in any commodity which is permitted within the UAE

Industrial License

Import of raw materials, manufacturing, processing, assembling, packaging and exporting the finished product.

Service license

This license is for service providers. It permits the licensee to 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.

Consultancy license

This is for 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. The Freelance Permit is designed for individuals who operate in technology, media and film sectors, and is issued to talent roles, creative roles and selected administrative roles.

UAQ FTZ – License Fees

type of License

Micro Business License (excluding facility and visa)

Regular Trading/Consultancy License (2 visas)

Premium Consultancy License (3 visas)

General Trading License (3 visas)

1ST YEAR

AED 13,500

AED 20,500

AED 32,500

AED 27,500

2ND YEAR

AED 11,500

AED 18,500

AED 30,500

AED 25,500

Resident Visa

VISA APPLICATION

Investor Visa Application (validity 3 years)

Employment Visa Application (validity 2 years)

Medical Test and Emirates ID

COST

AED 2,560

AED 2,260

AED 1,270

Note:

a) No Labour guarantee required.

b) Applicant must be outside of UAE during the obtaining the Entry permit, due to lack of amendment visa status option.

Facilities

– Flexi Desk for Micro (No Visa)
– Flexi Desk for Trading/ Consultancy (2 Visas)
– Flexi Desk for Premium or General Trading 3 Visas)

WIS UAQ FTZ Packages

Three packages are available for clients’ choice depending on individual needs.

PACKAGES

COMPARE PACKAGE FEATURES

Corporate Consultancy

Name Check

Initial Approval

Company Registration

Flexi Facility Arrangements

Board Resolution

Licensing

Establishment Card

Setting-Up Company Portal

Company Stamp

Daily Update Regarding The Full Process

Company Letterhead

Guidance For Depositing Capital

Obtaining Statement Of Accounts

P.O. Box Registration

Company Profile

Meeting Arrangement With Banker

Full Bank Account Opening Application

Free Pro Service For 1st Company Visa

Business Plan Making

STANDARD

$1990

Yes

PREMIUM

$3990

Yes

ALL IN ONE

$5490

Yes

Need Help Choosing the Right Package?

SEND AN ENQUIRY

Why Choose Worldwide Incorporation Services?

We’ve been helping business owners since 1998

Incorporating your business is our focus

We make a complex process fast and easy

We work closely with UAQ FTZ to guarantee our service

Fastest offshore companies & accounts – Most competitive pricing worldwide

UAQ FTZ Company Formation – Office Addresses

Services in the UAQ FTZ

Worldwide Incorporation Services provides the following services in the Umm Al Quwain FTZ:

UAQ FTZ Business Formation
Investor & Employment Visas
Full Company Administration & Secretarial Services
Opening of Bank Accounts

Worldwide Incorporation Services | UAQ FTZ | UAQ FTZ Companies

Tags: UAQ FTZ | UAQ Free Trade Zone | UAQ Free Zone

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