Last updated on December 13, 2021
Umm al Quwain free zone company formation
An Umm Al Quwain free zone company formation is a very profitable venture; because the location of UAQ free zone is near to the sea port of Umm Al Quwain. UAQ free zone is an hour’s drive from Dubai Airport as well as from Sharjah Airport; and is an ideal place for trading as well as setting up a consultancy business in UAE. Due to its strategic location; UAQ free zone has very much opportunities as well as perks for young business men; who are new to the UAE market.
UAQ free zone authority manages the Umm al Quwain free zone company formation; supported by the Umm Al Quwain gov’t that authorizes it to set up companies with trade license. The firms that are exist in UAQ free trade zone are involve in export as well as import activity. If you wish to set up your business in UAQ free zone; then you have easy access to the rest of the world; due to the transport line exist in this part of the world.
Umm al Quwain free zone company formation
UAQ free zone was established in 1998 and it is located on the West Coast of the UAE. It was develop to boost the growth of the region; and also to serve as a global trade center for local as well as overseas investors. Since UAQ free zone pass through an extensive developments; there for this free zone has risen as a perfect place for new company setup; and as well as it offer an expansion to an existing business in the UAE.
Advantages of Umm al Quwain free zone
Umm Al Quwain free trade zone offer the following business benefits for companies:
- Quick as well as easy registration and incorporation
- Total exemption from corporate as well as personal tax
- Independence to hire foreign employees
- You can start Quwain free zone company formation with no minimum capital.
- Friendly rules as well as regulation for investors
- 100% retention of capital as well as profits earned through Quwain free zone company formation
- Easy company registration process as well as flexible rules for company formation in UAQ free zone.
- Leasing option is user-friendly, and 100% foreign ownership of the company is permitted
- Seaport authorities at the Umm Al Quwain free zone offer a concession for trading companies
- Employees or other staff of a company requirement are not to deposit their visa at the time of joining
- Supportive government for all legal business activities especially for SMEs as well as micro-businesses
Umm Al Quwain free zone company registration
Umm Al Quwain free trade Zone has gain a huge popularity, that is among foreign investors. This free trade zone features a lot of unique benefits which are not available anywhere else. Combined with the low cost of business setup; they create Umm Al Quwain free zone one among the most attractive free zones. Here are the advantages of company formation in Umm Al Quwain free zone.
Strategic Location for Umm Al Quwain free zone company registration
The biggest USP of UAQ free trade zone is its strategic location. The region benefits from the low cost of living as well as labor. It is also perfectly place to try to deal with the billions of potential customers; across the center East and North Africa (MENA) region; subcontinent, and therefore the Far East and European markets. It is within the reach of the UAE’s main seaport, Dubai Airport, and Sharjah Airport.
Fast and easy Setup process of company formation in UAQ free zone
One of the main benefits of Umm Al Quwain free zone company registration is that; the speed and ease at which you can go from the dream to the destination. The process of company formation in UAQ free zone takes just 1 to 2 weeks.
Umm Al Quwain free zone company formation is great for small Investor
UAQ free zone offers an incredible advantage to SMEs as well as freelancer with a small budget. It also back by the gov’t bringing various incentives; to the small as well as medium firm made this free trade zone successful among the entrepreneurs.
Personal Presence Not need for Umm Al Quwain free zone company registration
One can form a corporation even when abroad. All they have need to sign the documents and courier them to us; we will finish the registration by UAQ free zone authority on your behalf.
Affordable Umm Al Quwain free trade zone License
Umm Al Quwain free trade zone license fee begin around 13,500. If one wants to line up a micro business; then they ought to apply for the license which may be acquired at this price. However, you will not get any visa in this. If you need a resident visa; then the setup cost will be 20,500; and you will you get two resident visas.
A wide range of License Options for Umm Al Quwain free zone company formation
Another attractive point for investors is that the wide range of option for Umm Al Quwain free zone license. You will get commercial, industrial, consultancy, service, freelance and micro business license within the free trade zone.
Type of UAQ Free Zone License
UAQ free zone authority encourages all types of legal business activities in the free zone region; but each and every business company needs; to acquire a type of trade license in accordance with the business they are involved in. Umm Al Quwain free zone license fee can vary from license to license. A different type of activity has a different type of Umm Al Quwain free zone license:
This type of an Umm Al Quwain free zone license is divided further into 2 categories: commercial license and general trading license.
- Commercial License: This type of a license gives you the access to deal in commodities; that are specified in the license. The dealer can handle as well as trade in 3 different product lines; or 10 similar product lines, as authorized in the license.
- General Trading License: Such type of license grants you much wider trading prospect; along with more number of product lines for a business. A business that has a general trading license can indulge in almost each and every trading products except for tobacco, alcohol and pharmaceuticals as well as crude oil.
Consultancy Umm Al Quwain free zone License
People who provide professional services for other businesses as well as client can go for a consultancy license in Umm Al Quwain FTZ. Such type of professional license is a real assistance for all type of professionals like artisans, teachers and lawyers.
Premium Consultancy Umm Al Quwain free zone License
Agencies like real estate, aviation, tourism, oil & gas, financial; legal as well as consultants can perform their activities by receiving a premium consultancy license.
Freelance Umm Al Quwain free zone License
UAQ free zone also offer a business opportunity to freelancers by issuing a freelance permit license. This helps freelancers perform their business as well as professional activities and earn a living. A freelance permit is designed taking into consideration individuals who work in the media and film sector, technology sector, creative as well as talent roles.
Service Umm Al Quwain free zone License
A service license permits a company to provide services like car and bike rentals, tourism service, transport as well as logistics, or all other service mentioned in the license.
UAQ free zone company setup process
Determine the Type of License
First of all in the first place, you need to decide what type of license you need; the selection of this depend upon the business activity you would be carrying out, to gain. The requirement for each and every type of business license is different and so is the cost.
Choose the Business Entity
There are three types of entities available for business setup in UAQ free zone:
- Free Zone Establishment: Small company which have a single shareholder; can go with a free zone establishment (FZE) as the entity
- Free Zone Company: Bigger companies which have 2 to 50 shareholders; can choose a free zone company (FZC) as the entity
- Branch setup: Finally the third option is branch setup in UAE; through this option you can setup a branch of an existing company
Choose the Required Facilities
Decide upon the company office, land suitable for the business and warehouses; as well as other amenities that may be required for the business.
Submit the Required Documents
The next step in the process is to collect all the docs; and also submit it to the UAQ free zone authority.
Pay the License Fee
While submitting the necessary documents, the authorities will notify you where and when to make the required payment.
Collect the License and Start your Business
Once you present all the documents along with payments that have been made; the UAQ free zone authority will issue your license and you can start your operational.
Our Role for Umm Al Quwain free zone company formation
Above all, your business can take an easy access to different markets around the world; that is if you are likely to form your business in Umm Al Quwain Free Zone. Since our team of professionals can assist you with opening your company. Therefore we will ensure that our clients face no difficulties in setting up their business. Each and every business has a potential; that is they can reach to the moon if start properly. Contact us for all queries or guidance on company formation in Umm Al Quwain; we will be glad to assist you.