Company Formation in Umm Al Quwain Free Trade Zone (UAQ)
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Umm Al Quwain Free Trade Zone (UAQ FTZ) is one of the strategically located free zones in the heart of UAE. It is located within one-hour drive from Dubai International Airport and Sharjah International Airport. UAQ FTZ is based on the primary seaport in the country and provides an investment friendly, industry focused center for startups and international companies.
With a sound, transparent and modern legal framework, open investment climate, low costs of living and labor as well as easy access to trading partners in the Middle East, Africa, and Asia, Umm Al Quwain Free Trade Zone (UAQ FTZ) is the right place for investors looking to set up their business in United Arab Emirates.
UAQ FTZ is an ideal location for Micro Businesses, SME’s and Conglomerates to do business in a safe and secure free trade zone environment and it is one of the most attractive places for effective investment in the region. Umm Al Quwain Free Trade Zone (UAQ FTZ) professional services make the registration and licensing process quick and easy. There are lesser complications in terms of documents required and getting special approvals.
Major Benefits of Company Formation in Umm Al Quwain Free Trade Zone:
- 100% foreign ownership,
- 100% repatriation of capital,
- 100% exemption from personal income tax, corporate tax, service tax, import and export tax,
- Special concessions via Umm Al Quwain free zone sea port strategic location,
- Close to two international airports and major seaports
- High tech warehousing, land & office space available
- No visa deposit required
- No Currency restrictions
Characteristics of UAQ FTZ Company Setup:
Location for Business setup in Umm Al Quwain:
UAQ Free Trade Zone, Umm Al Quwain (U.A.E)
Proposed activity:
Trading/Service/Manufacturing activities can be carried out in UAQ FTZ.
License available:
Industrial/Commercial trading/General trading & Service license are available options for UAQ Free Trade Zone Company Setup
Type of entities:
FZE (Free Zone Establishment – single shareholder), FZC (Free Zone Company – multi shareholders) and Branch
Shareholder:
Shareholder for Umm Al Quwain Free Trade Zone (UAQ FTZ) Company Can be Individuals or Corporate entity (maximum 50)
Director:
Individuals only (Minimum one. Shareholder can also be Director)
Share capital:
AED 300,000/- (300 shares of AED 1,000/- each) for UAQ FTZ Company Setup and AED Nil/- in case of Branch office. (Required to be deposited in bank before or after company incorporation)
Do note that shares are deemed to be issued on company incorporation irrespective of whether share capital is deposited in bank pre or post incorporation.
Audit:
Audit report is not required to be filed with UAQ FTZ
Estimated time:
2 to 4 working days to obtain trade license of the company and register a company in UAQ FTZ (Umm Al Quwain Free Trade Zone)
Another 7-10 working days for immigration card subject to security clearance & thereafter visa may take approximately 7-10 working days on normal basis.
UAQ FTZ (Umm Al Quwain Free Trade Zone) Company Setup Process:
- Identify the legal form of company to be registered in UAQ FTZ,
- Select activity from UAQ FTZ activity list,
- Apply for name and initial approval,
- Payment of fees related to UAQ FTZ business set up,
- Sign UAQ FTZ company registration and incorporation documents,
- Apply for UAQ FTZ residence visa.
Documents Required for UAQ FTZ Company Registration:
The documents required for business set up in UAQ FTZ (Umm Al Quwain Free Trade Zone) depends on whether a shareholder is individual or corporate entity. Basic requirements are
- Color passport copy,
- Color UAE residence visa & emirates id copy,
- Utility bill copy,
- CV/Resume,
To know more about the complete requirements for company formation in Umm Al Quwain Free Trade Zone call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com
UAQ Free Zone License Cost
UAQ FTZ Company Setup begins from AED 13,500/-
Call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com to know about special promotions/offers related to business setup in UAQ FTZ.
Other Notes for UAQ FTZ – Umm Al Quwain Free Trade Zone Company Formation:
- Document to be legalized with UAE Embassy in case of corporate shareholder
- Shareholder or directors wishing to have UAE residency visa on said company will need to revisit after issuance of license, immigration card and entry permit for stamping of visa on the passport and may need to stay in UAE for 5 to 7 working days as that process may take time.
- Company Immigration/Establishment card to be renewed every three years
- Investors to have family status UAE visa should have share capital of AED 75,000/- and in order to be eligible for Owner/Investor/Partner visa should have share capital of AED 60,000/-
Global Business Services DMCC has helped many individuals and corporate entities to set up their businesses in UAQ FTZ. Our company acts as a one stop solution for UAQ FTZ company incorporation services.
Call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com to know about special promotions/offers related to business setup in UAQ FTZ (Umm Al Quwain Free Trade 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.
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OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:
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Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)
GBSOur Office
Organically grow the holistic world view of disruptive innovation via empowerment.
+971 4 4471803
OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:
Office No.12A-06,
13th floor HDS Tower,
Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)
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