Umm Al Quwain free zone
Umm Al Quwain Free Trade Zone is located in Umm Al Quwain which is one of seven Emirates in UAE and just 45 km away from Dubai. Umm Al Quwain Free Zone is friendly, progressive and situated in prosperous emirate with the modern infrastructure. Umm Al Quwain free zone is situated close to the UAE’s primary seaports and within one hour’s drive of Dubai International Airport and Sharjah International Airport, ensuring easy access to the rest of the world.
Umm Al Quwain Free Zone authority is government backed autonomous arm of Umm Al Quwain emirate in the UAE which is authorized to incorporate business companies with “trade license”. Umm Al Quwain Free Zone companies enjoy the same legal status inside the UAE as any other Free Zone company in the matters of trade, contracts, imports, exports, visa, and banking.
Umm Al Quwain Free Zone companies engaged in international trade can release their goods and keep them as stocks meant for re-export without payment of customs duties. Umm Al Quwain Free Zone company can freely do business internationally.
Advantages of Umm Al Quwain free zone
- 100% tax free operations for Umm Al Quwain free zone.
- 100% company ownership
- 100% repatriation of capital and profits
- No restrictions on hiring foreign employees
- No share Capital Requirements
- 100% import and export tax exemption within the Free Zone
- Full range of business activities permitted
- Simple and fast registration process
- Office, warehouse and land availability
- Special concessions via Umm Al Quwain free zone sea port
- Investor-friendly rules and regulations
- Ideal location for SMEs and micro-businesses
- COMMERCIAL LICENSE (TRADING LICENSE) There are two types of licenses, which fall under this category:
- Commercial License:
This authorizes the import, export, distribution and store of items specified in the license. A commercial license can have three different product lines or ten similar product lines.
- General Trading License:
This allows the licensee to trade in a wider range of activities and gives the freedom to trade in any commodity permitted in UAE.This is popular among international traders because almost all categories of products can be traded )Tobacco, Alcohol, Pharmaceuticals and Crude oil are not allowed).
New license fee:35,000 AED 3 Visas.
Renewal license fee:30,500 AED
Instalment option start from 3,500 AED
- Commercial License:
- CONSULTANCY LICENSE This license is for entities which offer expert or professional advice and is issued to all manner of professionals including artisans and craftsmen.
New license fee:28,000 AED 2 Visas.
Renewal license fee:23,500 AED
Instalment option start from 2,500 AED - PREMIUM CONSULTANCY :This license allows Real Estate consultancy, Tourism Consultancy, Oil and Gas engineering Consultancy, Legal consultancy, Financial Consultancy, Investment Consultancy, Shipping and Logistics and Aviation Consultancy.
New license Cost:40,000 AED 3 Visas.
Renewal license fee:35,500
Instalment option start from 4,000 AED - 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.
New license fee:28,000 AED 2 Visas.
Renewal license fee:23,500
Instalment option start from 2,500 AED - SERVICE LICENSE This license type permits the licensee to carry out the services specified in the license within the free zone such as logistics courier services travel agency car rental etc.
New license fee:21,000 AED 0 Visa.
Renewal license fee:17,500
Instalment option start from 2,000 AED
Licenses , license fee and Renewal license fee in Umm Al Quwain free zone
Documents required to set up Umm Al Quwain Free zone company
Here are the list of the documents that are required to set up a company in UAQ free zone:- A passport copy of the owner is enough to start the process
- A proof of home address of the owner
- One must confirm from the consultant if the activity is permitted to be licensed or any special approvals are needed
- form needs to be filled giving a choice of 3 names for the business and basic information of the owner. The “Manager” must be also be nominated
- The form is submitted and the name is approved and initial approval is granted.
- Memorandum and Articles of association are then sent to you along with specimen signature forms and office lease if applied for. These signed documents are received back by the consultant and submitted to authorities in Umm Al Quwain Free Zone.
- The payment of all costs must be made at the same time.
- Company documents are made and handed over to you by the 3 rd day.
- If the owner of the proposed Umm Al Quwain Free Zone company is a foreign company then the following papers must be given
- Certificate of Incorporation
- Memorandum and Articles of Association and
- Shareholders or a board resolution to establish the new company.
- These documents must be attested by the UAE consulate in the home country of that company and later by Ministry of Foreign Affairs in UAE.
Umm Al Quwain free zone business setup
Looking to set up a company in UAQ free zone , please get in touch with us for professional assistance
