Umm Al Quwain Free Trade Zone
Umm Al Quwain Free Trade Zone Authority, Umm Al Quwain
Description
UAQ FTZ provides a professional investment environment with flexible setup packages, competitive rates, and a variety of office and storage configurations, catering to the needs of SMEs and large companies.
| Emirate | Umm Al Quwain |
| Website | https://www.uaqftz.com/ |
| Contact Email | info@uaqftz.com |
| Contact Info | Phone: +971 6 764 7272 Address: Umm Al Quwain Free Trade Zone Authority, Umm Al Quwain, UAE |
| License Types | Commercial, General Trading, Consultancy, Service, Industrial, Freelance, E-commerce |
| License Cost | AED 8,000.00 - License costs start from AED 8,000, varying based on the type of license and business activity. |
| Formation Cost | AED 8,000.00 - Formation costs start from AED 8,000, depending on the chosen package and business requirements. |
| Minimum Capital Requirement | AED 0.00 - No minimum capital requirement. |
| Allowed Business Activities | Trading, Consulting, Service, Industrial, Freelancing, E-commerce |
| Company Legal Structures | Free Zone Establishment (FZE), Free Zone Company (FZC), Branch of a Foreign Company, Branch of a UAE Company |
| Allowed Activities | Trading, Consulting, Service, Industrial, Freelancing, E-commerce |
| Restricted Activities | Activities not compliant with UAE laws and regulations |
| Investor Visa Cost | AED 3,500.00 - Visa costs start from AED 3,500, depending on the package selected and the number of visas required. |
| Employee Visa Cost | AED 3,500.00 - Visa costs start from AED 3,500, varying based on the number of visas and employee categories. |
| Maximum Visas per Company | 15 |
| Processing Time (Days) | 2 days - Company registration can be completed within 2 to 3 working days, depending on the completeness of documentation. |
| Visa Processing Time | 10 days |
| Physical Office Required | No |
| Office Space Options | Flexi-desk, Dedicated office space, Warehouse, Land for development |
| Office Space Cost | Office space costs vary based on the selected facility and size. |
| Virtual Office Available | Yes |
| Bank Account Assistance | Yes |
| Bank Account Cost | Bank account setup assistance is provided; costs depend on the chosen bank and account type. |
| Partner Banks | RAKBANK, Emirates NBD, Mashreq Bank, Abu Dhabi Commercial Bank |
| Governing Laws | Subject to the laws and regulations of the Umm Al Quwain Free Trade Zone Authority and the UAE. |
| VAT Registration Required | Yes |
| Corporate Tax Applicable | No |
| Annual Audit Required | No |
| Renewal Fees | AED 8,000.00 - Renewal fees start from AED 8,000, depending on the license type and business activity. |
| Renewal Processing Time | 2 days |
| Business Restrictions | Activities not compliant with UAE laws and regulations |
| Ownership Structure | 100% foreign ownership allowed |
| Import/Export Restrictions | No Standard UAE import/export regulations apply. |
| Benefits | 100% foreign ownership, 0% corporate and personal tax, No physical office requirement, Cost-effective license packages, Access to emerging markets, Customizable facilities, One-stop-shop services, Fast-track visa services |
| Drawbacks | Limited public transportation options, Distance from major UAE cities like Dubai and Abu Dhabi |
| Specific Compliance Requirements | Compliance with Umm Al Quwain Free Trade Zone Authority regulations and UAE laws |
