Office 3, Garden City, Al Badaa, Dubai, United Arab Emirates
Umm Al-Quwain Freezone Business Setup
Umm Al Quwain (UAQ) Freezone
Umm Al Quwain FTZ is an investor-friendly, progressive freezone established mainly to favor SMEs and micro-businesses, which will benefit from advantageous set-up costs, 100% company ownership and zero currency restrictions.
It is the first and among the biggest free trade zones in UAE. It has a total of 8,000+ registered companies and 20 million sq ft of land for business operations with investors across 150 nationalities.
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.
The Umm Al Quwain Freezone's salient features are as follows:
Company Formation:
- The UAQ Freezone offers both freezone corporations (FZC) and freezone establishments (FZE), among other alternatives for company formation. There is no necessity for local sponsors or partners, and these businesses might be entirely owned by foreigners.
Business Activities:
- The freezone permits a broad range of commercial activities in a number of industries, including manufacturing, trading, consulting, and services. Additional authorizations or licenses from the appropriate authorities may be needed for some particular operations.
Infrastructure and Facilities:
- To support enterprises, UAQ Freezone provides cutting-edge infrastructure and facilities. To accommodate the various demands of businesses, it offers adaptable office spaces, warehouses, land parcels, and industrial units.
Competitive Advantages:
- To entice enterprises, the freezone offers a number of benefits, including 100% foreign ownership, 100% repatriation of capital and earnings, exemption from personal and corporate taxes, and no currency limitations.
Cost-Effectiveness:
- UAQ Freezone is renowned for being cost-effective, providing reasonable setup expenses, low license fees, and cost-effective lease alternatives for office spaces and warehouses.
Strategic Location:
- Major seaports and airports in the United Arab Emirates are conveniently adjacent to Umm Al Quwain. It is the perfect location for import-export firms since it offers simple access to local and global markets.
Business Support:
- The freezone offers a full range of business support services, including access to banking facilities, administrative support, immigration services, and visa aid. Additionally, networking occasions and business seminars exist to promote.
Types of licenses in UAQ Freezone
These kinds of permits allow the UAQ Freezone Company to conduct business:
- Commercial License: allows for the distribution, import, export, and storage of the items listed on the license. Three distinct product lines or ten comparable product lines are both acceptable for a commercial license.
- Trade in a wider range of activities with a general trading license, which gives you the freedom and flexibility to trade in any commodity that is legal in the UAE.
- Consultancy Licenses are given to a variety of specialists, including artisans and craftspeople, who provide expert or professional advise. It permits two related actions.
- A freelance permit enables a person to work independently and to use their real name for commercial purposes rather than a company or brand name.
- A freelance permit enables a person to work independently and to use their real name for commercial purposes rather than a company or brand name.
- Industrial License: Import raw materials, produce, process, assemble, package, and export the final goods.
- Service License: Use the license to provide the services listed on it within the Freezone, such as logistics, courier services, insurance service providers, travel agencies, tour operators, and automobile rentals.
