The Umm Al Quwain Free Zone is a very profitable business location near the Umm Al Quwain port. An hour's drive from Dubai International Airport and Sharjah International Airport, Umm Al Quwain Free Zone (UAQ) is the ideal place to do business and establish your business in the UAE. Due to its strategic geographical location, the UAQ Free Zone offers many opportunities and benefits for young business enthusiasts and aspiring entrepreneurs.
The Umm Al Quwain Free Zone offers companies the following business advantages:
The UAQFTZ welcomes several financial and professional business activities. Here are some of the most popular options:
The UAQ Free Zone Authority encourages all types of legal business activities in the Free Zone, but each company must obtain several types of commercial permits according to the business field they are involved in.UAQ Free Zones have special types of licenses for different types of business activities:
Trading licenses are further divided into 2 categories: commercial licenses and general trading licenses.
This license allows access to trade in the goods specified in the license. Merchants may process and trade 3 different product lines or 10 similar product lines as permitted in the license.
This type of license allows for wider trading opportunities and a greater number of product lines for a company. Companies holding general trading licenses can trade in almost any commercial product except tobacco, alcohol, drugs, and crude oil.
Individuals who provide professional services to businesses and other consumers can apply for a consulting license from Umm Al Quwain FTZ. This type of professional license is a real advantage for all professional groups such as craftsmen, teachers and lawyers.
Agencies such as real estate, tourism, oil and gas, aviation, finance, legal, and investment advisors can practice their professions by obtaining premium consultancy services licenses.
The UAQ Free Trade Zone also provides freelancers with business opportunities by issuing Freelancer Licenses. It helps freelancers to run their business and professional activities and earn a living. The Freelance License is designed with people working in the media and film industry, the technology sector, in creative and talented roles.
A service license allows a company to provide services such as car and bicycle rental, travel services, transportation and logistics, or other services specified in the license.
First, decide what type of license you want to use based on the business you will be doing. The requirements for each type of business license are different, as are the prices.
There are three types of entities in the Umm Al Quwain Free Zone:
Small companies with one shareholder can join in the formation of a free zone (FZE) as a legal entity.
Larger companies with 2 to 50 shareholders can choose a Free Zone Company (FZC) as a legal entity.
The third option is to decide to establish a branch of an existing company
Determine the company office, land suitable for the company, warehouse and other facilities needed for the business.
Once the decision is made, the next step is to collect all the documents and submit them to the authorities.
When submitting the documents, the authorities will tell you where and when the required payment is to be made.
Once all documents are verified and payment is made, the UAQ Free Zone Authority will issue your license and you can start your business.
Your business can get easy access to various markets around the world if you wish to establish your business in the Umm Al Quwain Free Zone. Our professional team can help you start your business. At MAD Middle East, we ensure that our clients have no trouble starting their business or getting a business license. Every company has the potential to reach the moon if started right. Contact us with any questions or guidance on incorporating your business at Umm Al Quwain - we're here to help.