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BUSINESS SET UP IN OTHER UAE FREE ZONES

UAQ – Umm Al Quwain Free Zone

Umm Al Quwain Free Trade Zone (UAQ FTZ), located in the emirate of Umm Al Quwain, known for it’s diverse range of enterprises, from sole proprietorships to international corporations. 

It offers high-tech amenities, such as office and warehouse space, as well as development land that larger free zones do.

UAQ Business Setup

For registration, company owners must sign the registration documents and send the original copies to the UAE. It is also possible to setup the company without being present.

Owners must submit various personal documents, such as:

  • A passport-sized photograph.
  • International Passport.
  • Copy of UAE entry stamp on passport (for visa-eligible setups).
  • As evidence of address, a recent utility bill has to be submitted.

Your firm will be registered within 1-2 working days after the documents are received by the Umm Al Quwain Free Zone authorities.

 

 

UAQ Company Residence Visa

Resident visas can be granted without having to come to UAQ. You can live in any of the Emirates if you have a visa from there. Also, health insurance is not essential. 

All visas have a three-year validity period. It is also easy to obtain visas for dependents. Like IFZA, it may also be difficult to get residence visas for people of countries classified as high-risk. 

Some required documents will be needed during this process:

  • Renting an apartment.
  • Birth/marriage certificates attested by the UAE Embassy.
  • The sponsor’s resident visa has been stamped.

It is important to note, before paying for the company registration, a security clearance can be obtained to determine the likelihood of obtaining a visa.

Emirates IDMedicalsVisa charge
Cost of Shareholder Visa3706372500
Costs of UAQ Company Setup Corporate Amendments UAQ Company Liquidation

License fees for the Umm Al Quwain Free Zone goes for 8,000 AED. Cost of an office is 35,000 AED per month, including license costs.

There is no charge for small business in UAQ free zone. You can avoid paying a 5,000 AED E-channel deposit to immigration, if you have a flexi-desk set up.

 The amendment process can be done remotely. Some of the changes can be made to: 

  • Changes to manager/director.
  • The company's name,.
  • Business activity.
  • Share transfer: it can be done with the Power of Attorney approved at the UAE embassy and Ministry of Foreign Affairs.

Business owner or the Power of Attorney is needed for company liquidation.

All original company files must be submitted to UAQ, you will be charged a fee. This process takes approximately one month.

The cost of liquidation in this free zone is 2,000 AED which is cheaper than the other free zones.

Benefits of UAQ Free Zone Company

  • Easy setup within 24hours.
  • Commercial, consultancy, freelance, industrial, and service licenses are all issued by the UAQ FTZ.
  • External permissions are not required for business activities.
  • It is connected to the seaport in the zone and has exceptional customs and handling privileges.
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