Company in the Free Zone of Umm al-Quwain: Detailed Information
11:30 pm | 29.09.2023
Free trade zone in Umm Al Quwain (Umm Al Quwain Free Trade Zone (UAQ FTZ) is a strategic government project. Moreover, the primary objective of this zone is to promote entrepreneurial activities and furnish business owners with a convenient infrastructure for effectively operating their businesses.
Freezone is very close to Dubai International Airport. Umm Al Quwain exemplifies the ideal outlook and prosperity in the United Arab Emirates.
For example, when creating an onshore company in this zone, you will receive a resident visa for yourself, the ability to obtain a visa for your company’s employees, as well as for all members of your family, which is a big plus.
In addition, when creating an onshore company, a physical presence is organized in the form of a rented office or a workplace in a Flexi office.
The sequence of actions when registering a company in the Umm al-Quwain FEZ:
It is necessary to determine the name of your company and check for the uniqueness of the company, the name of the company should not coincide with organizations already existing in the country. The company name can be in English or Arabic. The name must end with the legal form (“FZE”/”FZC”);
structure of the enterprise, for example: director, manager, secretary, shareholder, attorney;
type of activity and regions of the country involved;
type of license, as well as an office in the territory of the FEZ UAQ FZT.
In the UAQ FZT SEZ, companies can obtain the following types of licenses:
Production license – with this license, it becomes possible to open the production of goods, including the import, processing, assembly, packaging, and export of finished goods.
General trade license – with this license, the business owner has the opportunity to import goods, store, supply, and export goods belonging to different categories.
Commercial license – with this license, it becomes possible to sell goods, store goods in a warehouse, and also make deliveries.
Service license – with this license, the business owner has the right to provide services to citizens of the country, for example, provide consultations on business topics, marketing assistance, insurance, etc.
To obtain some licenses approval must be obtained from government authorities. For example, in order to open a clinic, you must obtain a document from the Ministry of Health of the United Arab Emirates. You shouldn’t forget about payment for services and documents.