Company Formation in Umm Al Quwain Free Zone

Umm Al Quwain Free Trade Zone is located in Umm Al Quwain which is one of seven emirates in UAE and just 45 km away from Dubai. Umm Al Quwain free zone is situated close to the UAE’s primary seaports and within one hour’s drive of Dubai International Airport and Sharjah International Airport, ensuring easy access to the rest of the world. Umm Al Quwain Free Zone companies engaged in international trade can release their goods and keep them as stocks meant for re-export without payment of customs duties. Umm Al Quwain Free Zone company can freely do business internationally.
UAQ is a simple city with a strong cultural foundation, Umm Al Quwain is home to the UAE National Museum and a protected lagoon called Al Sinniyah Island. It is one of the seven Emirates of UAE and it is located in the northernmost part of the country.
The Umm Al Quwain Free zone offers a great opportunity for small business owners to flourish or establish a small company with zero to two visas or big investors who are looking for warehouse facilities. As one of the few free zones that don’t require the investor to be physically present during the company formation in UAE, it offers all types of trade licenses including consultancy, general trading, freelance, and industrial. Setting up a full-fledged small office in the Umm Al Quwain Free zone is very affordable and costs only AED 18,000 to 25,000 AED annually, which comes up to $4,900 to 6,900.

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    Advantages of Setting up a Business in Umm Al Quwain Free Zone 

    As a member of Umm Al Quwain free zone, you will be entitled to a lot of privileges and facilities. The complex of the free zone at Umm Al Quwain is large enough to hold ocean vessels and also has land reserved for industries. There are sound arrangements of electricity, water supply and all the infrastructural facility that is required to run the business in a smooth manner. Logistic support is also offered to the business owners who are tenants at Umm Al Quwain free zone. There is an administrative unit in the free zone which takes care of normal day to day operations.

    There are several advantages of having your business established at Umm Al Quwain free zones in the UAE. You get tax exemption, capital and profit repatriation, complete foreign ownership and single window operation. All these factors make the free zone ideal for establishing your business in the UAE.

    The tax-free approach of the government and no restrictions on capital repatriation has attracted investors from across the globe to establish their business in Dubai so that they leverage the atmosphere that is just congenial for the growth of businesses. Furthermore, the presence of efficient transport service and other infrastructure has also promoted the growth of such companies. There are various additional privileges that you can get as a member of the Umm Al Quwain free zones.

    Key Features of UAQ Freezone

     100% tax-free operations for Umm Al Quwain free zone
     100% company ownership
     100% repatriation of capital and profits
     No restrictions on hiring foreign employees
     No share Capital Requirements
     100% import & export tax exemption within the Freezone
     Full range of business activities permitted
     Simple and fast registration process
     Office, warehouse and land availability
     Special concessions via UAQ free zone seaport
     Investor-friendly rules and regulations
     Ideal location for SMEs and micro-businesses

    Apart from offering 100% ownership to foreigners, here are some more benefits of forming a company in the Umm Al Quwain Free zone:

    1. Easy to Set up Your Company

    Setting up your business takes as little as one to two working days when comes to setting up flexi desk. Also, you do not need to be present during the process and registration with the UAQ authority.

    2. Single Window Clearance

    You don’t have to run in between too many governments and departments to get the licenses for small or even setting up industry. And you don’t need any No Objection Certificate from your current sponsor or employer back home. It makes the process hassle-free and quick.

    3. Strategic Location

    Apart from low labour and living costs, Umm Al Quwain enjoys close proximity with Dubai and Sharjah. It gives you access to billions of prospective clients in the Middle East and North Africa region and the Indian subcontinent. The free zone quite close to UAE’s main seaport, Sharjah International Airport, and Dubai International Airport.

    4. Modern Infrastructure

    Umm Al Quwain is a planned city with modern infrastructure and facilities including office spaces, industry locations, and warehouses, which are affordable and equipped with world-class amenities.

    5. No Restriction on Capital or Profit Generated

    One of the best advantages of the free zone is that there’s no cap over the repatriation on capitals or profits.

    6. No Personal or Corporate Tax

    You are not required to pay any personal or corporate tax. You don’t need to conduct audits or reveal accounts, giving you complete privacy.

    Types of Licenses in Umm al Quwain Free Zone:

    1. Commercial License

    This authorizes the import, export, distribution and store of items specified in the license. A commercial license can have three different product lines or ten similar product lines.

    2. General Trading License

    This allows the licensee to trade in a wider range of activities and gives the freedom to trade in any commodity permitted in UAE. This is popular among international traders because almost all categories of products can be traded) Tobacco, Alcohol, Pharmaceuticals and Crude oil are not allowed).

    3. Consultancy License

    This license is for entities which offer expert or professional advice and is issued to all manner of professionals including artisans and craftsmen.

    4. Premium Consultancy

    This license allows Real Estate consultancy, Tourism Consultancy, Oil and Gas engineering Consultancy, Legal Consultancy, Financial Consultancy, Investment Consultancy, Shipping and Logistics and Aviation Consultancy.

    5. Freelance Permit

    This allows an individual to operate as a freelance professional, and conduct business in one’s birth name as opposed to a brand name or company. The Freelance Permit is designed for individuals who operate in technology, media and film sectors, and is issued to talent roles, creative roles and selected administrative roles

    6. Service License

    This license type permits the licensee to carry out the services specified in the license within the free zone such as logistics courier services travel agency car rental etc.

    Steps Involved in Umm Al Quwain Business Setup

    1. Choose from a variety of licenses activities including trading, consultancy, freelancing, industrial, and other services
    2. Select your company’s legal structure — single shareholder (FZE), partnership (FZC), or branch.
    3. Select the facilities (office or warehouse or plot of land)
    4. Submit the required documents including passport copies, proof of residence of shareholders, directors, managers, and MoA
    5. Make the license payment
    6. Collect the license from the authorities in just 24 hours

    Legal Entities Under UAQ Freezone:

    ✓ Free Zone establishment (FZE) – a single shareholder.

    ✓ Free Zone Company (FZC) – two to 50 shareholders.

    ✓ A branch of an existing company.

    Business Setup Consultants in Umm Al Quwain Free Zone

    Umm-al-Quwain has been made easy and the legalities and formalities involved in it have also been reduced. You can also take the help of business setup consultants to establish your company in the free zone. Normally in a free zone, there are many facilities provided which will help you in setting up your business. The UAE has a huge amount of free zones and each one of them has different specifications. The free zones at Umm Al Quwain provide your business with an area to operate, foreign ownership, exemption from income tax, customs tax, import and re-export taxes and various other lucrative features.

    Setting up a business in Umm Al Quwain is an excellent opportunity for all types of companies from small to large companies. Start planning your business setup in Umm Al Quwain Free zone today.

    If you need additional assistance or have any questions, please contact the following:

    Email: info@freezonesuae.com

    Tel: +971 4 343 8022

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