Umm Al Quwain Free Trade Zone (UAQFTZ)

Umm Al Quwain, United Arab Emirates

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Official Name:

Umm Al Quwain Free Trade Zone (UAQFTZ)

Website:

http://uaqftz.com

City:

Umm Al Quwain

Country:

United Arab Emirates

Share Capital:

300,000 AED / 81,632 USD On paper

Office Requirements:

Flexi

PO Box:

Optional

Services (includes consultancy, etc.):

Yes

Trading (includes trading activity):

Yes

General Trading:

Yes

Audited Financial Reports:

No

Industry Focus:

All trade and consultancy

Cost of Setup:

From 20,500 AED
From 5,578 USD

Starting Cost of Renewals:

From 18,500 AED
From 5,034 USD

Visa Types

Type:

Residency

Time Duration:

3 years


Type:

Investor

Time Duration:

3 years


Visa Time Duration Before Renewal Required:

Minimum Number of Visas Possible:

0

Maximum Number of Visas Possible:

3

Maximum Number of Shareholders:

50

Freelancer Option:

Yes

Office Presence is Mandatory:

No

Documents Required to Setup a Company :

  • Colour copy of passport.
  • Colour copy of UAE entry stamp or latest UAE residency visa.
  • Proof of residency address (eg. scanned copy of electricity bill or driving license of home country with 3 months validity).
  • 6 passport photos.
  • The shareholding ratio (if more than one shareholder).
  • National ID

SUMMARY :

Umm Al Quwain Free Zone is particularly popular with small businesses and solo-entrepreneurs due to its competitive micro-business and freelance permit packages. But that’s not to say it only caters for small business. The free zone is open to companies of all sizes – from individuals to multinational conglomerates. And it welcomes all types of businesses too –  Umm Al Quwain issues commercial, industrial, consultancy, service and freelance licences to organisations from a cross-section of industries including manufacturing, technology, media, arts, insurance and travel.

Another major factor in UAQ’s popularity is its location. The free zone is strategically placed just off both the E11 and Sheikh Mohammed Bin Zayed Road, allowing for easy access to the city of Dubai as well as Dubai International Airport and Sharjah International Airport – both of which are less than one hour’s drive away. Umm Al Quwain Free Zone is also within easy reach of the UAE’s main sea ports.

The emirate of Umm Al Quwain is well known for its low cost of living and labour and benefits from a stable economy, open investment climate and ideal positioning to do business with MENA, the subcontinent, the Far East and Europe.