UMM AL QUWAIN FREE ZONE LICENSE
Umm Al Quwain Free Trade Zone (UAQ FTZ) is a located in Umm Al Quwain and is 50 min drive from Dubai International Airport. Some of the major benefits of establishing a company in UAQ are that it provides corporate license in comparatively less cost than other free zones plus the cost of living is also marginally low.
The sound and transparent approach of this free zone enables it to provide best solution to the clients who are looking forward to operate a business inside UAE or internationally.
Benefits of UMM AL QUWAIN FREE TRADE ZONE:
- 100% ownership of business
- No capital requirement
- 100% import and export tax exemption within the Free Zone
- License can be obtained within 48 hours
- Offers wide range of offices, warehouses and lands
- Access to full range of activities
- Streamlined visa process
Types of license available:
- General trading license
- Commercial license
- Consultancy license
- Free Lancer license
OBTAINING LICENSE IN THE UMM AL QUWAIN FREE TRADE ZONE:
The initial step in the free zone is to get the initial approval by providing the basic documents such as passport copy. Initial approval is obtained without any cost and is a confirmation to proceed forward with the rest of the process. Though this is not a mandatory process, still we recommend taking this option, especially by the nationals of Syria, Iraq, Morocco and Iran.
Company incorporation in UAQ FTZ starts with choosing right activity as per the list provided under the Free Zone Authority and thereafter choosing a trade name. Usually, 3 business names are provided to the free zone in a sequence manner. If a name is not similar to any other already established trade name, such shall be approved by the free zone authorities.
Upon choosing all the above and after providing the documents, including but not limited to, Memorandum and Article of Association, Lease contract, the file is processed. Once all the documents are approved, a license fee charged by the free zone authority is paid.
Once the government fee is paid, the license is issued within 24 hours. Overall time-frame for obtaining a license is approximately 2 to 3 working days.
For more information on the above subject matter or in order to avail the services, all the viewers are requested to email at firstname.lastname@example.org, with the subject line – PRO Services.