Umm Al Quwain (UAQ) City, also known as Umm Al Quwain Free Trade Zone (UAQ FTZ), is located in Umm Al Quwain. UAQ is known for being the capital of and largest city in the Emirate of Umm Al Quwain. The economic activities of this city in the United Arab Emirates primarily revolve around fishing.
The stable economy, open investment environment, and low costs of living and labor have determined Umm Al Quwain as a strategic business base. It is within easy reach to the MENA region, Subcontinent, Far East, and European markets.
If you are looking to start your UAE business or investing opportunities in Umm Al Quwain Free Trade Zone (UAQ FTZ) is a great choice to pursue your goals.
Requirements for Company Formation in UAQ Freezone
Basic documents to start your dream business at UAQ Free Zone include the following:
- Passport copy
- Passport size photo
- Residential address and phone number
- Utility bill as proof of address
- Company name options
- Copy of entry stamp to UAE
*Note: that the above-mentioned are basic requirements. Case-to-case variations depending on the type of business activity and business license requires tailored documents. To know exactly which documents you may need to submit, contact us.
The steps to formation are as follows:
- Submit your application with the required documents
- Activity and name approval process
- Official company registration
- Clear dues and payments
- Collect final registration certificate, license, and lease agreement
License Options in UAQ Free Trade Zone
There are various types of business licenses to choose from when it comes to setting up a business at the UAQ freezone. The following are some business licenses you can choose from:
- Service License
- Commercial License
- General Trading License
- Industrial License
- Consultancy License
- Freelance License
Costs for Business Setup in UAQ FTZ
The costs associated with starting a business at UAQ free trade zone depend on the type of business license you choose to acquire along with how many UAE Residency visas you need.
License fees at Umm Al Quwain start at 8,000 AED. Office rent charges with included license fees start from 35,000 AED. If you already possess a Flexi-desk you get to save an extra 5,000 AED which would normally otherwise go towards a deposit paid to the immigration for the E-channel system.
*Note: these are basic costs that are subject to change without notice. Also, costs are not limited to the above-mentioned. To know more about various types of fees and costs that may be incurred, contact us.
Why Umm Al Quwain Free Trade Zone?
The Umm Al Quwain free trade zone was originally established in 1987 but became more popular and prominent in the public eye after 2014. This was primarily because by 2014 the UAQ free zone had developed into a purpose-driven entity and made itself well known to the public.
Umm Al Quwain free trade zone is within easy reach of the UAE’s primary seaports and just one hour away from Dubai International Airport and Sharjah International Airport. As a result, this zone ensures easy access to other parts of the world with its location between two major airports that allow for convenient transportation in and out of Umm Al Quwain.
UAQ FTZ is a cost-effective and strategic location-based choice for many entrepreneurs. It supports various business niches in the UAE.
Benefits of Setting up a Business in UAQ Free Zone
- Top-notch tech facilities including warehouses, offices, and land for use
- Suitable for micro-businesses and Small and Medium Enterprises
- Certain Umm Al Quwain seaport fees reduction is available
- Ease in hiring staff from all over the world
- Facilitative measures are undertaken for investor’s ease
- The free zone is located on the UAE’s E311 highway, which extends over 600 km
Alternatives UAQ Free Trade Zones
- DAFZA Free Zone
- DMCC Free Zone
- DTEC Free Zone
- Dubai South Free Zone
- IFZA Free Zone
- JAFZA Free Zone
- RAKEZ Free Zone
- DPC Free Zone
- DSP Free Zone
- DAZ Free Zone
- DKP Free Zone
- DIC Free Zone
- DSOA Free Zone
- Masdar Free Zone
Pros & Cons of Company Formation in UAQ Free Trade Zone
With the endless options to choose from when picking a freezone, each comes with its own pros and cons.
Pros:
- Best for anyone who would like to start a company as soon as possible
- Best for anyone who is not restricted in terms of being location specific for a free zone
- Economic and affordable as compared to other free zones
Cons
- Limited business activity offerings
- Variable pricing depending on the chosen license
How Airzone Can Help You Setting up a Business in UAQ Freezone?
Airzone can assist you in getting your business off the ground if you’re planning to launch one in UAQ. Airzone helps companies establish a foothold in the UAE.
We can guide you through the process of launching a business in Dubai thanks to our experience and knowledge in the field. We’ll work with you to comprehend your company’s goals and ambitions, and we’ll connect you with the right service providers to aid in the development of your enterprise in the United Arab Emirates.
You can get assistance from our dependable partners in UAQ and obtain the necessary trade licenses. We’ll put you in touch with the appropriate experts to handle anything from visa applications to crucial administrative tasks while you concentrate on growing your business.