UAQ Free Trade Zone

Umm Al Quwain – UAQ Free Zone

Umm Al Quwain – UAQ Free Zone was founded in 1987, but it became known to the public only after 2014 when it had undergone some restructuring and started marketing its services.It is situated in the smallest Emirate of the UAE but provide all the facilities that other UAE free zones are offering.Umm Al Quwain Free Trade Zone is one of the newest free zone in the UAE, situated in the emirate of Umm Al Quwain, which is about 45 minutes drive from Dubai UAQ Free Zone is the best free zone for Micro Businesses, SME’s as to do business in a safe and secure free trade zone environment and it is one of the most attractive places for business investment in the region.

UAQ Free Trade Zone
UAQ Free Trade Zone

Our professional support make the business registration and licensing process quick and easy. The free zone offers investment incentives such as 100% foreign ownership, 0% corporate and personal tax, 100% repatriation of capital and profits, no exchange control, no restriction on investment in any sector.  This clearly shows the openness towards international investors.

UAQ free zone offers low costs of living and cheap labour as well as easy access to trading partners in the Middle East, Africa and Asia. The free zone has easy access to one of the primary sea ports and within one hour’s drive from Dubai International Airport, ensuring easy reach to the rest of the globe. UAQ free trade zone is investor-friendly, establishing a commercial base in the UAE has never been that easy. Future-thinking SMEs and small-businesses in particular will benefit from low cost set-up, There is 100% company ownership and zero currency restrictions. This Free Zone have progressive companies – and regardless of the sector in which they operate – they enjoy doing business in a safe, secure and prosperous environment.

Benefits of UAQ free zone

  • Flexible options and ease of doing business
  • Customer-friendly approach
  • Best Investor-friendly climate
  • Growth opportunities
  • Low cost leasing options for office and warehousing
  • Cheap licenses for various activities

There are various packages starting from zero visa companies, ending up with 1, 2 or 3 visa options. Even if you start with zero visas package, it can be upgraded at any point in time. Packages can also be downgraded if you need to minimise the ongoing costs. Each license can have up to 3 commercial activities if they are not related to each other. The consultancy license provide 2 business activities per license. One can have a dual Umm Al Quwain Free Zone license – it’s one of the best offer of UAQ Free Zone. You can have a company setup with one category license and can add another license from a different category for 2,500 AED only. For instance, with a a trading company, you can have a consultancy license to it as an additional one.

Premium office packages

  • Commercial license or Consultancy license with 2 visas eligibility including premium office and address services will cost AED 20, 000/-
  • General Trading license with 3 visas eligibility and premium office will cost AED 27,000/-
  • Premium Consultancy license with 3 visas and premium office will cost AED 32,000/-
  • Micro Business license with no visa will cost AED 13,000/-
  • Freelancer Permit with one visa quota will cost AED 16,000/-
  • Micro Business license with no visa will cost AED 13,000/-
  • Freelancer Permit with one visa quota will cost AED 16,000/-
  • Size of Warehouse: 100 sq. m.
  • Annual rent for warehouse is AED 35,000 excluding License Fee & Registration
  • Refundable Deposit: 3,500
  • UAQ FTZ is located beside Ahmed Bin Rashid Port gate in Umm Al Quwain.
  • Warehouse includes: 1 office and a toilet.
    AC: To be fitted by tenant (AC space available).
  • Rent Term: Long term rent (25 years and above). Short Term Leasing is available.
  • FEWA Connection charges: AED 2,000

UAQ FTZ’s fees are very reasonable for the companies registration and even renewal. Umm Al Quwain Free Zone license fees start with as low as 13,000 AED for the most basic setup which has the eligibility for 2 visa.  With a flexi-desk setup, you can save 5,000 AED deposit paid to the immigration for the E-channel registration. UAQ free zone has stopped charging it for small companies.

Rent of Office start from 35,000 AED including license fees.

Company registration can be done without personal visit to the UAQ free zone. However, all the shareholders need to sign incorporation documents and ship original hard copies to UAE for the incorporation.

The personal documents required from shareholders for business setup, such as:

  • Passport copy
  • UAE entry stamp copy (for visa-eligible setups)
  • Passport size photo (for visa-eligible setups)
  • Recent utility bill as address proof
    The company will be register in 2 days after receiving documents in Umm Al Quwain Free Zone authority.

The UAQ Free Zone visa is one of the most cost-effective visas in the UAE and its valid for 3 years.

Umm Al Quwain residence visa fees (AED):

  • Free zone investor visa fee with Medical checkup and Emirates ID cost AED 3,500/-
  • Investor visa cost 2500 637 370
  • Employee visa cost with medical and emirates id is AED 3,100/-
  • Health insurance is not mandatory for visa processing in UAQ FTZ.

Visas for dependants, the process is quite easy. Just remember that the main requirements for that include:

  • Apartment rent
  • Attested in the UAE Embassy birth/marriage certificates
  • Stamped resident visa of the sponsor
  • Resident visas can be process remotely without your visit to UAQ. You can reside in any of the Emirates – you don’t need to live in UAQ if you have a visa from there.

It may be challenging to get resident visas for citizens from so-called high risk countries, such as:

  • Syria
  • Egypt
  • Sudan
  • Turkey
  • Bangladesh
  • Iraq
  • Algeria

However, a security approval can be done prior to payment for the company registration to check the possibility of getting the visa. Keep in mind that the high risk list is frequently changing and also differs in various Emirates, so there is always an option to accommodate a person of any nationality.

Its recommended to setup Business in Dubai for such nationalities due to less immigration restrictions in this Emirate.

One can renew company license remotely in the UAQ FTZ just like the registration. You will just need to make the payment and submit a new copy of signed flexi-desk lease agreement to the free zone authority.

  • Audit reports are not mandatory
  • License renewal take within 2-3 days.
  • On renewal you will get a new license with flexi-desk office lease agreement.
  • Renewal costs are usually slightly less than the incorporation fees.

Possible amendments of the company include change of corporate name, business activity, shares transfer, change of manager/director, etc. Most of company amendments are possible remotely.

Shares transfer procedure would require either personal presence of the shareholders or a notarised Power of Attorney to a trustier person, who can come on their behalf.

Company liquidation also requires either a personal presence of the owner or a visit of a PoA holder. You will need to return all original documents of the company to UAQ, make the payment and wait about 1 month for the procedure to be finished.

The company liquidation fee is 2,000 AED, which is much lower than any other free zone in the UAE.

To sum up, UAQ suit almost any business activity. We recommend this Free Zone for those who need low cost and quick UAE business setup or residency and don’t care about the location of the free zone.

An alternative solution for all those who could not find suitable activity in Umm Al Quwain Free Zone could be International free zone authority or RAK Economic zone for business registration.

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