UAQFTZ
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Benefits of Establishing Your Business in the Umm Al Quwain Free Trade Zone
A Broad Spectrum of Business and License Options
UAQFTZ stands out among UAE free zones for its inclusivity, welcoming companies from all industries, unlike other zones that cater to limited business activities. This fosters a varied business environment that entrepreneurs can leverage. Additionally, UAQFTZ permits dual licensing, allowing companies to engage in various business operations within the zone.
Convenient Location
UAQFTZ’s proximity to Dubai and Sharjah International Airports enables easy trade and relationship building with neighboring markets. Geographically, the free zone is just a half-hour drive from Dubai and is well-connected by excellent road networks, facilitating access to a significant part of the country and the region.
No Need for Physical Presence
Setting up a company in the Umm Al Quwain Free Trade Zone can be completed remotely, eliminating the need for physical presence during the process. Moreover, the application can be finalized in as little as two days, making business formation both cost-effective and time-efficient.
Robust Support for Entrepreneurs
UAQFTZ is a prime location for startups and SMEs, offering financial support and low operational costs to help these small businesses in the UAE gain a competitive edge. The zone also presents no restrictions on foreign employment and boasts continually evolving, future-oriented infrastructure.
Explore Monthly Payment Plans with Partner Banks
Transform your transactions into manageable and budget-friendly monthly installments through our range of selected banking partners. Simply spend a minimum of AED 1,000 using your credit card from any of our affiliated banks, and opt to repay in convenient installments over a 12-month period.
Steps
1. Use your credit card to make a minimum purchase of AED 1,000 for any service offered by Vip Zone.
2. Contact the banking services of any of our partner banks and request to convert your transaction into an Easy Payment Plan.
3. You’ll have the option to choose a repayment period of 3, 6, 9, or 12 months.
* Standard terms and conditions from the banks will apply.
Types of Licenses Offered in Umm Al Quwain Free Trade Zone
Umm Al Quwain Free Trade Zone provides five different types of licenses, tailored to meet the diverse needs of your business in the UAE
This license permits businesses to engage in activities like selling, distributing, importing, or exporting goods within or outside the UAE. Companies in Umm Al Quwain Free Trade Zone holding commercial licenses can manage three different product lines or 10 similar product lines within specific industries.
A more comprehensive version of the commercial license, this allows free zone companies in UAQFTZ to engage in a broader spectrum of permitted activities and commodities.
With this license, companies can offer professional services within the UAQ free zone, including logistics, courier services, consulting, and more.
For manufacturing companies in the UAE, an Industrial License is necessary, which requires a physical office or warehouse. UAQ Free Trade Zone provides cost-effective land units suitable for industrial purposes.
This license or work permit is designed for individuals working as freelancers in their personal capacity, rather than under a brand or company name. Ideal for those in technology, media, and film industries, it encompasses roles in talent, creativity, and certain administrative functions.
Requirements for Obtaining the Umm Al Quwain Free Trade Zone License
For Freezone Establishment (FZE)
- Passport Copy of Manager, Shareholders, & Directors
- Shareholder’s Proof of Address
- Memorandum & Articles of Association
Free Zone Company (FZC)
- Passport Copy of Manager, Shareholders, & Directors
- Shareholder’s Proof of Address
- Memorandum & Articles of Association
Company Branch
- Passport Copy of Manager
- Manager’s Proof of Address
- Certificate of Incorporation
- Memorandum & Articles of Association
- Board Resolution & Power of Attorney
Steps in Setting Up Your Business in the Umm Al Quwain Free Trade Zone
Your company setup process in the UAQFTZ typically takes about one week.
Steps
1. Choose Your Business Activity and Entity Structure
The first step in starting your UAQ Free Zone company is to select the entity and license that best align with your business needs. As stated above, there are three possible entities and five license types to choose from.
2. Select Your Preferred Workspace
At UAQFTZ, business owners can establish their physical workspace – an office, warehouse, coworking space, or a designated land area. Our team can assist you in determining the most suitable business centre for your company.
3. Submit Your Business License Application
For companies located in UAQFTZ, the process begins with filling out an application form, which is then submitted to the Umm Al Quwain Free Trade Zone authority along with the required fees. Once this step is completed, we will compile and submit the documents based on your chosen entity. Following the issuance of your business license, you can open a corporate bank account and apply for visas.
