Umm Al Quwain Free Zone Company Formation - UAE
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Are you looking for a free trade zone near the seaport in UAE?
Opt for UAQ free zone company setup for a strategically located Umm Al Quwain Free Trade Zone in the heart of UAE. This is just a one-hour drive from Dubai and Sharjah International Airport.
UAQ FTZ, the winner of the Qadat Al Tagheer Award for the “Best Free Zone for Startups and SMEs,” provides a free trade zone for startups and international companies. As a government organization, the UAQ free zone company setup offers great business stability.Located in the Emirate of Umm Al Quwain, UAQ FTZ is home to all businesses from micro to large-scale corporates. It is the best place for investors around the globe looking to set up business in UAE.
Key Benefits of UAQ Free Zone Company Setup in Umm Al Quwain
- 100% foreign ownership and repatriation of capital,
- Complete exemption from personal income tax, service tax, import and export tax,
- Possible exemption from corporate tax subject to meeting requirements,
- The strategic location of the Umm Al Quwain Free Zone near the seaport offers special concessions,
- Two international airports – Dubai and Sharjah are only a 30-minute/1 hour drive away
- High-tech warehouses, land and office space are accessible to businesses of all sizes
- No need for a visa deposit
- No restriction on currency
Characteristics of UAQ Free Zone Company Setup
Location for Business setup in Umm Al Quwain:
UAQ Free Trade Zone, Umm Al Quwain (U.A.E)
Proposed activity for Umm Al Quwain free zone company formation:
Over 1500 business activities including Trading, Service and Manufacturing.
License for Company Formation in UAE
UAQ free trade company setup offers Industrial, Commercial trading, General trading & Services License
Type of entities:
FZE (Free Zone Establishment – single Shareholder), FZC (Free Zone Company – multi shareholders) and Branch Office for Umm Al Quwain free zone company formation
Shareholder:
Shareholders can be Individuals or Corporate entities (maximum 50)
Director:
Individuals only (Minimum 1), Shareholders can also become Director for company formation in UAE
Share capital:
AED 300,000/- (300 shares of AED 1,000/- each) for UAQ FTZ Company Setup and AED Nil/- in the case of the Branch office. (Required to be deposited in the bank before or after company incorporation)
Also, note that shares are deemed to be issued on company incorporation irrespective of whether share capital is deposited in the bank pre or post-incorporation.
Audit:
No audit report required for UAQ free zone company setup.
Estimated time:
It takes around 2 to 4 working days to get a trade license and register a company in the UAQ FTZ business setup in UAE.
Umm Al Quwain Free Zone Company Formation Process
- Identify the appropriate legal structure for a company to register in UAQ FTZ.
- Select an activity from the UAQ FTZ activity list for company formation.
- Apply for the initial approval of the company name for the UAQ free zone company setup.
- Pay the fees related to UAQ FTZ business setup.
- Sign UAQ FTZ company registration and incorporation documents.
- Apply for a UAQ FTZ residence visa by yourself or with the help of a business setup consultant.
Documents Required for UAQ FTZ Company Registration
The documents required for business set up in UAQ FTZ (Umm Al Quwain Free Trade Zone) depend on whether a shareholder is an individual or a corporate entity.
Here are the basic requirements for registration:
- Color copy of passport for shareholder/director/manager
- Color copy of UAE residence visa & emirates id of shareholder/director/manager
- Utility bill copy of shareholder/director/manager
- CV/Resume of shareholder/director/manager
UAQ Free Zone License Cost
The license cost for UAQ FTZ Company Setup begins from AED 13,900/-
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 Zone Company Formation:
- If a corporate shareholder is involved, then the documents need to be legalized by the UAE Embassy.
- Company Immigration/Establishment card to be renewed every two/three years.
- Investors who wish to obtain a UAE visa for their family members must have a share capital of AED 75,000. And, to be eligible for an Owner/Investor/Partner visa, a share capital of AED 60,000 is required. Global Business Services DMCC has assisted many individuals and corporations establish their businesses in UAQ FTZ. We offer one-stop for UAQ free zone company setup and incorporation services.
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.
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)
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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AVANTAGEHeadquarters
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Copyright © 2020 Global Business Services.