Umm Al Quwain Free Trade Zone
Why the Free Trade Zone of Umm Al Quwain?
- Wide range of consultancy and trading activities are available
- Shareholders are not required to be physically present in the UAE for UAQ company formation
- UAQ free zone companies have limited liability
- 100% repatriation of capital and profits
- 100% foreign ownership allowed
- 0% corporate or personal income tax
- Quick company formation process
How It Works
3 Simple steps to start your dream business in no time
Step 1
Choose your package and apply now
Step 2
We will establish your company
Step 3
You will receive your UAQ license
Not sure how to proceed? To learn how to establish a RAKEZ firm, scroll down.
Process
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Day 1 – Application submission
Your application will be signed and sent in.
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Day 3 – Name reservation
We will hold onto your company's name with UAQ FTZ.
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Day 4: Send paperwork to the UAQ FTZ
We will submit your application along with the required documents to UAQ FTZ.
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Day 6: The trade license is given out
It is UAQ FTZ that will give your trading license. A scanned copy will be sent to you so that you can begin doing business.
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Day 7
Original corporate records will be on hand at our offices for pickup.
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Day 21
Umm Al Quwain Immigration will be the one to issue the immigration card. You can then apply for your visa thanks to this.
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Day 21
You must send us your completed visa application forms and the necessary supporting documentation.
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Day 26
You will receive an email with your UAE entrance visa once it is issued.
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Day 27
As soon as the blood test report is available, you can move forward with the blood test and get your resident visa stamped on your passport.
Pricing Packages
Get in touch with us for a customized quote for starting your business.
The following are some of the salient characteristics of free zone businesses that have been formed in the Umm Al Quwain Free Trade Zone.
Key Features
| Umm Al Quwain Free Trade Zone | The Emirate of Umm Al Quwain is home to the Umm Al Quwain Free Trade Zone. |
| Type of Company | Limited liability company in a free zone. |
| Taxes | Corporate taxes do not apply to any businesses operating in the Umm Al Quwain Free Trade Zone. |
| 100% Ownership | Foreign citizens are permitted to own 100% of the shares. |
| Time zone | World time zone that's convenient: GMT+4. |
| Paid up capital requirement | No financial obligations for paid-up capital. |
| Minimum shareholders | For any organization, there must be an appointed person in control. |
The most frequently asked concerns concerning the Umm Al Quwain Free Trade Zone have been addressed here.
Frequently Asked Questions
How much does it cost to establish a business in the Umm Al Quwain Free Trade Zone?
Company formation solutions are available in Umm Al Quwain Free Trade Zone for as little as AED 28,999.
I want to start a firm in the Umm Al Quwain Free Trade Zone, but do I need to be in the UAE?
No. You will be required to have visited the UAE at least once for the Umm Al Quwain Free Trade Zone company formation packages with residence visa.
When will my bank account be set up?
After establishing your business in the Umm Al Quwain Free Trade Zone, you can apply to open a corporate bank account with any UAE bank.
Do I need a local sponsor to set up a company in Umm Al Quwain Free Trade Zone?
No, you do not need a local sponsor to set up a company in Umm Al Quwain Free Trade Zone
How much time does it take to establish a business in the Umm Al Quwain Free Trade Zone?
After you have completed and turned in the application papers and the necessary paperwork, you have five to six working days to establish a company in the Umm Al Quwain Free Trade Zone. The steps involved in issuing a visa are described in our section above on timelines.
I want to start a business in the Umm Al Quwain Free Trade Zone, but do I need to have a real office space?
To register a business with UAQ, you do not need to have an office. You will receive an office leasing agreement from UAQ if you select the licensing package with visa.
