Umm Al Quwain Free Trade Zone (UAQ FTZ) is located in Umm Al Quwain and is a 50-minute drive from Dubai International Airport. Some of the significant benefits of establishing a company in UAQ are that it provides corporate license at a comparatively lesser cost than other free zones. The cost of living is also marginally low.

This free zone’s sound and transparent approach enables it to provide the best solution to clients looking forward to operating a business with the UAE or internationally.

Benefits Of UMM AL QUWAIN FREE TRADE ZONE:

• 100% ownership of the business
• No capital requirement
• 100% import and export tax exemption within the Free Zone
• The license can be obtained within 48 hours
• Offers a wide range of offices, warehouses, and lands
• Access to a full range of activities
• Streamlined visa process

Types Of License Available:

• General trading license
• Commercial license
• Consultancy license
• FreeLancer license

OBTAINING LICENSE IN THE UMM AL QUWAIN FREE TRADE ZONE:

The initial step is to get approval by providing basic documents such as a passport copy. Initial approval is obtained without any cost and is a confirmation to proceed forward with the rest of the process. Though this is not mandatory, we still recommend taking this option, especially for Syria, Iraq, Morocco, and Iran nationals.

Company incorporation in UAQ FTZ starts with choosing the suitable activity as per the list provided under the Free Zone Authority and selecting a trade name. Usually, three business names are provided to the free zone in a sequence manner. Suppose a name is not similar to any other already established trade name. In that case, such shall be approved by the free zone authorities.

Upon choosing all the above and after providing the documents, including but not limited to, Memorandum and Article of Association, Lease contract, the file is processed. Once all the documents are approved, a license fee charged by the free zone authority is paid.

Once the government fee is paid, the license is issued within 24 hours. The overall time frame for obtaining a license is approximately 2 to 3 working days.

For more information on the above subject matter or to avail of the services, all the viewers are requested to email at info@awsuwaidi-advocates.com, with the subject line – PRO Services.