Umm Al Quwain Free Trade Zone
Located strategically in the prosperous emirate of Umm Al Quwain, this Free Trade Zone showcases progressive world-class infrastructure. The region in itself is a beautiful destination, with a positive steady economy and providing investors with multiple opportunities for new businesses. UAQ FTZ has an affordable cost of living with cost effective labor pricing making it an ideal industrial zone with easy access to neighboring countries.
This is a secure free trade zone that is ideal for SMEs, conglomerates and other micro businesses, aiding them with a quick and easy registration and licensing process. The companies within this zone enjoy the benefits of full foreign ownership, exemptions from corporate tax, 0 investment restrictions, full repatriation of capital and profits and much more.
Michael R. Scotch
Benefits of the Free Trade Zone:
This license allows import, export, distribution and storing of items specified on the license. You are permitted to have 3 different or 10 similar product lines.
General Trading License:
This license allows the license holder to participate in trading activities and trade all commodities permitted within the UAE. Based on the company’s operations, certain commodities such as explosives cannot be traded as they require additional authorization and approvals.
This license come in handy to organizations that specialize in providing professional advice and encourages all forms of professions such as craftsman, artisans etc.
Service providers obtain this license and can offer services that are specified in the license. Example: tours and travels, insurance, couriers etc.
If the professional is looking to operate under their name as freelance professionals, this license is just for them. Creative and talented professionals in the media, film and technology fields will be issued the freelance permit.
The license holder can import raw materials, then manufacture/ process / assemble / package the specified products, and export the finished product.
Steps to Register and License your Business
Step 1: Finding the Right License for your Business
It is essential to identify the right license for your business. In case of doubt, UAQ FTZ’s team of experts can guide you.
Step 2: The Right Entity
UAQ FTZ offers three ways to establish your business:
Step 3: The Right Facility
The company can enjoy the following options based on their business requirements:
Step 4: Getting documents ready
Identify the documents that need to be submitted for FZE, FZC and branches. The team will guide you in case of queries.
Step 5: Making the Payment
Once the documents are submitted, an invoice will be raised by the staff and the company can then make the payment.
Step 6: License and commencing your Business
After the payment is made, the Free Trade Zone authority will issue the required license. You will be connected to a client relationship manager who will guide you in case of queries. The business can now operate and start its trading activities within the UAE.