Umm Al Quwain Free Zone was established by Emiri Decree No: 2 1987 issued on 5.11.1987. It is located on west coast of the United Arab Emirates, some thirty miles north east of Dubai in the Emirates of Umm Al Quwain. Ahmed Bin Rashid Port is a modern port built in accordance with the international navigation regulations. It has 4 Wharves 845m wide covering an area of 400,000 sq.m. The location of Free Zone is such that all the significant sea ports and air ports are within a short distance over a sea or land, therefore enabling efficient access to all parts of the world. The Free Zone complex consist of 845m of quay wall with 400m capable of handling ocean going vessels and 335000m2 of land reserved for light industrial developments. Standard services of water, electricity, communications and labour accommodation together with bonded storage are all available. It is strategically located within United Arab Emirates, which itself enjoys the status of being the commercial and re-export hub for the region apart from Africa and Asia.
Ahmed Bin Rashid Free Zone is a Free Zone of the future where the synergy of location advantages, technology and investor friendly approach ensures a safe, secure, trouble free and prosperous business environment for progressive enterprises.
|Permitted activity:||Manufacturing/Trading activities can be carried out|
|License available:||Industrial/Commercial trading & General trading license can be obtained|
|Shareholder:||Can be individuals or corporate entity|
|Director:||Individuals only (Minimum one. Shareholder can also be director)|
|Share capital:||No share capital is required|
|Audit:||Audit report is not required|
|Estimated time:||3-5 days for incorporation & setting up a company. Another 10 - 15 days for immigration & registration and thereafter visa may take approximately 7-10 days on normal basis|
|Renewal:||License of the company has to be renewed on annual basis. Penalty would be charged by the authority if license is renewed after expiry date.|
The approximate cost for setting up a company in UAQ Free Zone is between AED 20,000/- to AED 60,000/- depending upon the type of license and facility selected. Documents required are passport copies of shareholders/directors/manager, bank reference letters, project profile, corporate documents, etc depending upon structure of the proposed company.
GBS provides you consultancy and helps you with company incorporation services at UAQ Free Zone.
Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal, tax or other professional advice. We do not accept any responsibility, legal or otherwise, for any errors or omissions.