Umm Al Quawain

Found in the emirate of Umm al-Quwain, Umm Al Quwain Free Trade Zone (UAQ FTZ) is renowned as the best way for entrepreneurs to progress with a modern infrastructure formed for them to flourish in to create positive change for their business. The Umm Al Quwain Free Zone is based just 50 minutes away from Dubai International Airport. This is the perfect setting for SMEs and micro businesses to begin their journey on the career ladder.

The free zone began back in 2014 and is supported by the Umm Al Quwain emirate with the authority to incorporate business with a trade license. With the utilization of modern management skills and flexible licenses, foreign investors are flocking to the call of the free zone.

The list of just a few benefits are as below-

• Low requirements
• Affordable licenses
• 100% corporate and personal tax free
• Modern infrastructure
• 100% foreign ownership
• No investment restrictions across all sectors and industries
• Flexible laws
• Fast formation process
• Capacity to trade across all currencies
• Unrivalled facilities
• Reinstatement of profits

If that isn’t enough to convince you or you would like more information then you should consult with an authorized company formation specialist who will be able to advise and help with the process when setting up your business.

UAQ free zone authority encourages all types of legal business activities in the free zone region but every business company needs to obtain a type of trade license in accordance with the business they are involved in. Umm Al Quwain free zone license fee can differ from license to license. UAQ free zone has certain types of licenses for different types of business activities:

• Trading License - this license falls under the commercial license and ensures that all types of trading activities are accredited by the free zone. The annual fees for this are 27,500 AED.
  
• Commercial license - this allows the importation, exportation, storage and distribution of products.
  
• Service license - this allows the lines of work such as courier services, car rental, logistics and travel agency. The annual fees for this are 21,000 AED.
  
• General Trading License - this license is perfect for international traders as most products can be traded aside from tobacco, pharmaceuticals, alcohol and crude oil. This license is more expensive than the trading license.
  
• Consultancy License - this license is bespoke for those who will be offering a consultancy service such as IT services, accounting services or management consultancy. The annual fees for this are 21,000 AED. A premium consultancy license is also available at 32,500 AED.
  
• Micro Business License - a micro business is one that requires a small budget to start up and does not need a physical office as a base, also meaning that they will not need a visa. This would cover consultancy and trading businesses alike.
  
• Freelancer Permit - this license is created for those who will be carrying out freelance work in their area of expertise such as photography or music. The annual fees for this are 18,000 AED.

Umm al Quwain Free Zone offers an easy procedure to setup the business while providing reasonable prices that makes it an attractive business hub. The fee table below represents an estimation of Umm Al Quwain free zone license fees and other costs relating to business setup in the said free zone.