Um Al Quwain free zone embarked on its journey in 2014 and much inexpensive free zones with all features provided by similar free zones. The free zone offers Micro Businesses facility for the new start up companies. The Um Al Quwain free zone witnessed vast industrial developments recently that the location of the business strategically becoming prominent and considered as promising zone in UAE.
Inexpensive visa services and banking services are outstanding features of the zone. It is very popular among foreign investors because of its fastest company setup procedures, flexible systems, formalities and several packages to suit their business needs and budgets. UAQ license issues within 2-3 business days. Establishment cards and visas are released faster than in other free zones. More and more business ventures are choosing this free zone since it is dedicated to encourage foreign investment with the highlight of company registration without a visit. A natural person can fill up the application and courier to the zone to fix the process of company formation.
However, the free zone is located in the north, it has an exclusive provision of receiving and delivering required documents worldwide and that it becomes widely acceptable to do any sort of business. Like other free zone companies, Umm Al Quwain Free Zone company can be owned 100% by the foreign owners- a company or individuals, it is tax-free and can import into Free Zone duty-free through one window operation. By using the service right of a local trader Umm Al Quwain Free Zone Company can sell goods in the local markets by using the services of a local trader.
Danburite comprises of dedicated professionals having expertise across a wide range of business needs. We abide by strong ethics, thereby adding value to our client business and give our constant pursuit for customer service quality excellence for fastest company setup in Umm Al Quwain Free Zone. We accentuate on maximum communication to ensure clear-cut apprehension of issues and areas of concern and consider their feedback extremely valuable.
Umm Al Quwain free zone authority provides 6 license options to expatriate investors and entrepreneurs looking to set up a business in its jurisdiction. Here’s the list.
Company formation cost in Umm Al Quwain free trade zone is easy on the pocket. However, what you end up paying depends on the business activities, licenses and other factors.
Umm Al Quwain free zone license cost varies as per the package you opt for. Populated below is a detailed list of license costs with visa eligibility.
|Start up Package( Investor Only)||1||AED 13,500|
|Micro business license(No facility)||0||AED 13,500|
|Smart Business license||1||AED 16,500|
|Regular Trading/ Consultancy License||2||AED 20,500|
|Premium Consultancy License||3||AED 32,500|
|General Trading License||3||AED 27,500|
Umm Al Quwain free zone steals a march over other jurisdictions with a set of excellent facilities for every requirement and budget. Here’s a brief description.
|Flexi Desk for Micro||0 Visa|
|Flexi Desk for START-UP Package||1 Visa( Investor Only)|
|Flexi Desk for Trading/ Consultancy||2 Visa|
|Flexi Desk for Premium/ General Trading||3 Visa|
The visa costs inUmm Al Quwain free zone are comparable to other free zones across the UAE. Have a look at what you need to pay for visa processing.
|Investor Visa (3 Years)||AED 2500|
|Employment Visa (2 Years)||AED 2200|
|Visa Change status||AED 1,200|
|Medical and Emirates ID||AED 1,240|
For company formation approval in Umm Al Quwain free zone,you need to compile and submit the below mentioned documents at Umm Al Quwain free zone authority.
|Application Form||Required||Required||To be filled|
|Passport copy of Shareholders/ Directors||Not Required||Required||Clear color copy|
|Passport copy of Manager||Required||Required||Clear color copy|
|Proof of address of shareholder||Not Required||Required||Any address proof (Utility bill, bank statement, etc)|
|Proof of address of manager||Required||Not Required||Any address proof (Utility bill, bank statement, etc)|
|Memorandum and Articles of association||Required||Required||Specimen provided for FZE/ FZE by UAQ Free trade zone|
|Certificate of incorporation||Required||Not Required||Legalized|
|Board resolution and Power of attorney||Required||Not Required||Legalized|
Business setup in Umm Al Quwain free zone is guided by a set of well regulated procedures. You can trust Danburite to walk you through the entire procedure swiftly and economically.
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