The Umm Al Quwain (UAQ) Free Zone is a prime location for business entrepreneurs. Positioned near the Umm Al Quwain seaport, it serves as a strategic hub for global trade and attracts foreign investors. Business owners benefit from easy global access thanks to the prime location and modern infrastructure. The Umm Al Quwain Free Zone Authority (UAQFZA) manages the zone, offering streamlined business setup processes for international companies. UAQFZ offers the following advantages:
- 100% Foreign Ownership
- Low Corporate Taxes
- Complete Repatriation of Profits and Capital
- Zero Personal Taxes
- Minimal Bureaucratic Red Tape
With more than 20 years of experience, Yuga Accounting & Tax Consultancy is a reliable partner in guiding you through the setup process in the UAQFZ. From obtaining licenses and establishing legal frameworks to assisting with visa applications, we ensure a smooth and hassle-free business setup in the Umm Al Quwain Free Zone, from start to finish.
Select Your Business License
In Umm Al Quwain Free Zone, business licenses are classified into several types.
01) Commercial License
Ideal for companies engaged in trading activities, this license allows businesses to import, export, distribute, and sell goods within UAQFZ. It’s a versatile option for trading enterprises across many industries.
02) Freelance License
Designed for individual professionals or freelancers, this license enables them to operate as independent contractors within UAQFZ. It’s suitable for freelancers in diverse fields, including consulting, design, writing, and more.
04) Consultancy License
Ideal for businesses offering professional advice or specialized services. This license allows companies to provide consultancy services within UAQFZ.
05) Premium Consultancy License
Similar to the Consultancy License but with added benefits and privileges. It offers enhanced features and services, making it an attractive option for businesses seeking premium status.
06) General Trading License
Similar to the Commercial License but with broader trading capabilities. Businesses holding a General Trading License can trade in a wide range of products, offering flexibility and opportunities for expansion.
Required Documents and Steps to Obtain Your Business License
Securing a business license in UAQFZ has become easier than ever. Here’s the process, along with the required documents:
Steps to Get Your Business License
- Choose Your License Type
- Submit Application with Necessary Documents
- Pick an Office Space
- Choose a Legal Structure
- Obtain Your License
- Pay Licensing Fee
Required Documents
- Identity Proof (Passport Copies) NOC
- Bank Statement of Shareholders
- Personal Profile of the Shareholders
- Copies of Address Proof for Shareholders
Business Entities Permitted in Umm Al Quwain Free Zone
When you set up your business in the UAQFZA, you’ll be required to structure it in one of several ways:
01) Branch Company
A branch company is an extension of a parent company registered outside of UAQFZ. It enables the parent company to operate within UAQFZ under its existing name and legal structure. This option is ideal for established companies seeking to expand their operations into the free zone while maintaining their corporate identity.
02) Free Zone Establishment (FZE)
An FZE is a legal entity formed by a single shareholder. It allows for complete ownership by the shareholder and provides flexibility in business operations within UAQFZ.
03) Free Zone Company (FZC)
An FZC is similar to an FZE but allows for multiple shareholders, with a minimum of two and a maximum of five shareholders. This structure is ideal for businesses with multiple owners hoping to establish a presence in UAQFZ.