The Umm Al Quwain Free Trade Zone (UAQ FTZ) includes the thriving coastal city of Umm Al Quwain and the oasis of Falaj Al Mualla. It is ideally situated between Ras Al Khaimah and Ajman. With its prime location near important seaports and just an hour’s drive from Dubai International Airport and Sharjah International Airport, UAQ FTZ provides businesses with unmatched connectivity.
Unique Features of UAQ FTZ
- Situated in Umm Al Quwain’s scenic surroundings, UAQ FTZ provides a peaceful environment ideal for concentrated work and drawing in top talent.
- Infrastructure and specialised support are offered by sector-specific clusters, such as those for metals and food processing, to ensure maximum growth.
Types of licenses available in UAQ FTZ
- Commercial/Trading License
- General Trading License
- Service License
- Industrial License
- Freelance Permit
Benefits of setting up a business in UAQ FTZ
- 0% corporate tax on Qualifying Income
- 100% foreign ownership
- No currency restrictions
- Easier legal framework model
- No paid-up share capital requirements
- Located close to airports and seaports
- Hi-tech facilities include office, warehouse and land
- Ideal location for SMEs and micro-businesses
- Wide range of business and license options
FAQs
The process of setting up a company in UAQ FTZ mainly includes:
- Choose the type of license
- Choose your type of facility
- Choose a company name and structure
- Submit the signed application forms with required documents
- Obtain commercial registration (CR)
The documents required for company formation ion UAQ FTZ include but not limited to:
- Passport copies and passport-size photo of all shareholders, directors, and authorised signatories
- UAE residence visa or Emirates ID copies (if the shareholder is a UAE resident)
- Board resolution of the parent company
- Memorandum of Association (MoA)
- Articles of Association (AoA) (for branch)
- Power of Attorney (PoA) (for branch)
- Proofs of address (dated within three months)
The permitted legal entities in UAQ FTZ are:
- Free Zone Establishment (FZE)
- Free Zone company
- Branch of a UAE company
- Branch of a foreign company, including offshore company
UAQ FTZ offers a number of benefits to businesses, including:
- 0% corporate tax on Qualifying Income
- 100% foreign ownership
- No currency restrictions
- Easier legal framework model
- No paid-up share capital requirements
- Located close to airports and seaports
UAQ FTZ offers the following types of licenses:
- Commercial/Trading License
- General Trading License
- Service License
- Industrial License
- Freelance Permit
The costs of setting up a company in UAQ FTZ will vary depending on the type of license you require and the complexity of your business operations. Contact Gatestone Group for more information via [email protected] or call +971 4 450 1023.
No, you do not need a local partner to set up a company in UAQ FTZ. Foreign investors are allowed to own 100% of their businesses in the free zone. For seamless company formation and expert guidance in UAQ FTZ, reach out to Gatestone Group today via [email protected] or call +971 4 450 1023.
The process of setting up a company in UAQ FTZ can take an average of 1-2 weeks without external approvals. Empower your business success in UAQ FTZ with Gatestone Group’s expertise and unwavering support via [email protected] or call +971 4 450 1023.
UAQ FTZ does not have paid-up share capital requirements to set up a company.