Features of a company opening in Umm Al Quwain Free Zone

In the UAE, there are special designated areas called free zones. The possibility of full ownership of a company in the United Arab Emirates is the main stimulant for registering a company in the free zone for a foreign investor. Thus, when registering a company, you will not need to spend time attracting an additional local partner, and you will be able to own 100% of your company.

Umm Al Quwain Free Zone is a perfect choice to open such a company in the UAE. Umm Al Quwain Free Zone companies are considered resident companies of the United Arab Emirates. The owner of such a company can obtain UAE resident visas for himself and his employees.

Even being a tax resident, a company registered in UAQ FTZ is not obliged to pay taxes on corporate and personal income. It is also worth noting that this zone provides customers with a fairly wide range of permitted activities. Any investor who chose to register a company in Umm Al Quwain Free Zone will not be limited to returning the share capital and transferring profits.

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GENERAL INFORMATION

Year of foundation: 2014

Location: Um Al Quwain

Registration time: 1 – 3 days

Types of licenses: trade, service, freelancer, industrial

Company types: new company (sole FZE or FZCO company), branch, subsidiary

Authorized capital: min USD 82 192 (deposit to the account is not required!)

The procedure of formation of Umm Al Quwain Free Zone companies

Umm Al Quwain Free Zone Company, foto 2

Umm Al Quwain Free Zone is an autonomous territory in the emirate, the administration of which is authorized to register companies and issue licenses to them for various types of activities. However, Umm Al Quwain Free Zone company formation has one significant benefit compared to other free zones.

In practice, a company can be registered without a shareholder arriving in the UAE, if before he has already visited the country and can provide a scan of entry marks in the UAE in the passport. Even if you had previously come to it just as a tourist.

The following types of companies can be registered in Umm Al Quwain free zone:

  1. Free Zone Company (FZC) – this is a company with two or more shareholders that may be individuals or legal entities. The maximum possible number of shareholders is up to 50.
  2. Free Zone Establishment (FZE) – this is a company in which there will be only one shareholder. A shareholder may be an individual or a legal entity.
  3. Branch – this is a branch of an existing company, both foreign and company from the UAE.

Before registering a company, it is necessary to accurately determine the type of activity, since an error in this can lead to increasing of Umm Al Quwain Free Zone license cost to you. The best solution would be to contact the specialists of the consulting company. For example, Dynasty Business Adviser staff will help you register a company in UAQ FTZ competently and quickly. If you need a UAE resident visa, the specialists of this company will help you with this too.

They will also help determine what area of office you need and find the best options at competitive prices, collect the necessary documents and solve all other issues. This variant will be optimal for those who value their time and money.

Our advantages of registering a company in the UAE

1

EXPERIENCE

in company registration for more than 8 years in the UAE

2

OUR COMPANY has been ON THE MARKET

since 2015 

3

the OFFICE IS IN DUBAI

so we work without intermediaries

4

THE COMPANY IS A LICENSED REGISTRAR

 

5

ALWAYS REPLY TO EMAILS

within a couple of hours

6

FAST COMPANY REGISTRATION

 

7

SET UP FOR LONG-TERM WORK WITH EVERY CLIENT

 

8

ALWAYS GET OUR WORK DONE

If the client was refused to open an account in one bank, we apply to another bank for free

9

WE GUARANTEE THE PRIVACY OF INFORMATION

 

10

VIP SERVICE

and individual approach to each client

Umm Al Quwain Free Zone trading license charges

Non-visa package

This package does not allow to open UAE resident visas

Standard package

It includes license and flexi-desk (a desk in a sharing office) fees
This company is eligible for 2 resident visas, including the visa of the owner (investor)

General trading package

It including license and flexi-desk
This company is eligible for 3 resident visas
Umm Al Quwain Free Zone Company, foto 3

24 hours UAQ company setup professional fee USD 6 000 only

Activities that can be registered in Umm Al Quwain Free Zone

License

Portal Activities

Freelance activities

COSTS IN UAQ FREE ZONE

TRADING / SERVICE / E-COMMERCE LICENSE COSTS IN UAQ FREE ZONE:

LICENSE TYPE VISAS INCLUDED TOTAL COST
Trading / Service / E-commerce license + Flexi Desk no visa AED 19,800 $5,400
Trading / Service / E-commerce license + Flexi Desk 1 visa AED 26,800 $7,330
Trading / Service / E-commerce license + Flexi Desk 2 visas AED 38,400 $10,500

GENERAL TRADING LICENSE COSTS IN UAQ FREE ZONE

LICENSE TYPE VISAS INCLUDED TOTAL COST
General trading + Flexi Desk no visa AED 33,800 $9,250
General trading + Flexi Desk 1 visa AED 40,800 $11,150
General trading + Flexi Desk 2 visas AED 45,400 $12,410
General trading + Flexi Desk 3 visas AED 50,000 $13,670

PREMIUM LICENSES COSTS IN UAQ FREE ZONE

LICENSE TYPE VISAS INCLUDED TOTAL COST
Premium license + Flexi Desk no visa AED 38,800 $10,600
Premium license + Flexi Desk 1 visa AED 45,800 $12,520
Premium license + Flexi Desk 2 visas AED 50,420 $13,770
Premium license + Flexi Desk 3 visas AED 55,035 $15,050

FREELANCE LICENSE COSTS IN UAQ FREE ZONE

1 VISA COMPANY

LICENSE TYPE VISAS INCLUDED TOTAL COST
Freelance license no visa AED 20,700 $5,652
Freelance license 1 visa AED 25,000 $6,833

Umm Al Quwain Free Zone Company, foto 5

DOCUMENTS FOR UAQ FREE ZONE SETUP

DOCUMENTS PROCEDURE FOR INDIVIDUAL SHAREHOLDER

  • Passport
  • UAE entry stamp copy
  • Passport size photo
  • Latest utility bill as address proof
  • 1 day- Company name and activity approval
  • 1 day- Company formation
  • 1-2 weeks- Establishment card
  • 1 week- Entry permit
  • 1 day- Medical Check-Up and Emirates ID
  • 2-5 working days- Visa stamping

Umm Al Quwain Free Zone license fees and the process of its obtaining

Umm Al Quwain Free Zone Company, foto 6

When registering a company in Umm Al Quwain Free Zone, a wide range of business licenses are available to the entrepreneur. Every Umm Al Quwain Free Zone license allows conducting a certain type of business activity.

Types of business licenses available in the UAQ FTZ:

  1. Commercial Licenses - two types of such licenses are possible. Commercial License allows the export, import, storage, and distribution of products specified in the license. General Trading License allows trading a wide range of products (except for goods prohibited in the UAE).
  2. Consultancy License - this license is suitable for companies that offer expert and professional consulting.
  3. Industrial license - this license works for the import of raw materials, for the production, processing, assembly, and packaging of the products indicated in the license and the export of finished products.
  4. Freelance Permit - this permission allows an individual to work as a freelancer in the technology, media, and content production sectors.
  5. Service License - this license is suitable for certified professionals and allows them to provide certain types of services in the free zone.

Umm Al Quwain Free Zone license fees depend on the type of license chosen. For questions about their cost and features of obtaining, we recommend contacting specialists of Dynasty Business Adviser.

FAQ ABOUT UAQ COMPANY FORMATION

Umm Al Quwain Free Zone Company, foto 7

Advantages of a company opening in Umm Al Quwain Free Zone

Companies in Umm Al Quwain are considered resident companies of the United Arab Emirates. The owner of such a company can obtain Umm Al Quwain visa for himself and his employees. Even being a tax resident, a company with Umm Al Quwain company registration is not obliged to pay taxes on corporate and personal income. It is also worth noting that this zone provides customers with a fairly wide range of permitted activities.
Umm Al Quwain Free Zone Company, foto 7

Do I need to visit UAE to register a company in Umm Al Quwain Free Zone?

You do not need to visit UAE to open a company in UAQ Free Trade Zone, but if you want to apply for a visa eligible company, you need to have previous UAE entry stamps.
Umm Al Quwain Free Zone Company, foto 7

Where can I carry out my business?

You can carry out your business in UAQ FTZ and worldwide. You can have customers from any Emirate.
Umm Al Quwain Free Zone Company, foto 7

How long does registration take?

It usually takes 1-2 business days.
Umm Al Quwain Free Zone Company, foto 7

Can I have an office in Dubai?

You can have an official office space only in Umm Al Quwain Free Zone, but you can use any Dubai business center, which can provide virtual office services, and even rent a small space there.
Umm Al Quwain Free Zone Company, foto 7

What is the procedure of UAQ Free Zone company formation like?

Before company registration in UAE, it is necessary to accurately determine the types of companies in UAE you needed for your business activity, since an error in this can lead to increasing of Umm Al Quwain Free Zone license cost. The best solution would be to contact the business consultants of Dynasty Business Adviser.
Umm Al Quwain Free Zone Company, foto 7

What is included into your service?

Our setup package includes: company registration in Umm Al Quwain FTZ, establishment (immigration) card processing and owner’s visa processing including support with Medical checkup and Emirates ID application.
Umm Al Quwain Free Zone Company, foto 7

Can I open bank account in UAQ Free Zone?

Yes, of course. You will be able to open company account in Umm Al Quwain Free Trade Zone after you receive the license. You can also open a resident’s bank account after you get your visa in UAQ FTZ.
Umm Al Quwain Free Zone Company, foto 7

Is audit required at the time of company renewal?

No, it is not required.
Umm Al Quwain Free Zone Company, foto 7

How many visas can I get in my company?

Depending on the chosen license, you can have 2-3 visas in UAQ FTZ.