April 2022
Umm Al Quwain Free Trade Zone
New archaeological research reveals Umm Al Quwain’s 700 old history.
Research, directed by Shaikh Majid bin Saud Al Mualla, Head of the Tourism and Archaeology Department of Umm Al Quwain (TAD-UAQ), has identified two coastal settlements on Siniya, opposite today’s town, the oldest of which dated from the  13th or 14th Century.
Expert Talk
Suneesh Sundar
Chief Executive Officer
S.S. Legal Consultants L.L.C

New Regulation on Bounced Cheques Effective 2022 and its Implications 

The Federal Decree No. 14 of 2020 (the ‘Decree’) has been amended and added new articles to the UAE commercial transaction Law No. 18 of 1993. These changes (which are more particularly described below) are effective from January 2022. One of the major changes was decriminalization of bounced cheques on account of insufficient funds. Previously, criminal actions could be filed in all matters related to bounced cheques which has now been limited under the new law.
Start Your Dream Business with EMI as low as AED 786/Month
UAQ FTZ now offers an affordable payment plan for our new and existing clients on their new license or renewal packages in association with our partner.
UAE news bulletin
UAE cabinet approves the country’s digital economy strategy

UAE Cabinet has approved a strategy in which the UAE Digital Economy Strategy aims to double the contribution of the digital economy to the GDP from 9.7 % to 20 % within the next ten years. It also aims to enhance the position of the UAE as a hub for the digital economy in the region and globally.
UAE: MoE announces new mechanism to control price increase of essential commodities

The UAE''s Ministry of Economy (MoE) has announced a new policy for suppliers to hike the prices of basic food items. The new policy will establish a pricing mechanism for basic consumer goods in the country.
UAE: The new generation Emirates ID to replace residency visa on passports

From April 11, UAE resident visas will be issued through Emirates ID (EID) cards rather than paper stickers in passports, according to a circular released by the Federal Authority for Identity, Citizenship, Customs, and Port Security. All relevant residency-related information is contained in the ID.
The new visa rule is a huge relief for parents in the UAE

The UAE has launched a new visa rule for parents in the UAE to sponsor their sons' visas till their boys reach the age of 25; a raise from the earlier limit of 18. The new visa sponsorship rule is launched as a part of Projects of the 50, drawing on the success of the last 50 Years to chart out the success of the next 50.

Discover what our clients have done to achieve great success
Lilly Pods FZE

An Interview with Mr. Lee Blenkinsopp: His journey to success.
At Lilly Pods we custom manufacture exceptionally high-quality Glamping pods using the latest technology at our warehouse in UAQ Free Trade Zone. We are witnessing balanced growth as a new firm, as per our objective strategy.
Happenings in UAQFTZ
Exhibitions Attended
Consulate General of India visits UAQ Free Trade Zone

Consulate General of India visits UAQ Free Trade Zone to learn about the various investment opportunities and incentives available to foreign companies, as well as UAQ FTZ’s services and facilities. The interactive meeting was held to strengthen India-UAE relations, which will open up new avenues for cooperation and give mutual benefits through increased growth. This meetup is a head start to success and will pave way for many such events and opportunities in the future.
NBQ opens a new office in UAQ Free Zone to enable eBanking services

National Bank of Umm Al-Qaiwain (NBQ) opened a new office in Umm Al Quwain Free Trade Zone (UAQ FTZ). The new bank office at the Free Zone will aim towards easing the banking operations for SMEs, entrepreneurs, and large enterprises in the UAQ.
Indian Ceramic Asia 2022

Indian Ceramic Asia, the leading trade fair for equipment and supplies for the ceramics industry from 6 – 8 April 2022 hosted at The Exhibition Center, Gujarat, India, where UAQ FTZ introduced its services, facilities, and business growth strategies for the companies in Ceramic Industry.
Dubai International Boat Show 2022

UAQ FTZ participated in Dubai Boat Show hosted at Dubai Marina, the largest and most established boat show in the UAE from March 9th- to March 13th, 2022, to highlight the services and range of incentives that we offer to companies in the maritime industry to help them grow and expand.
UAQFTZ - Iftar Meet 2022
Umm Al Quwain Free Trade Zone organized a special Iftar meet up on April 19, 2022 at Vida Beach Resort Umm Al Quwain. The Iftar meet brought together employees, clients, consultants, partners, associates, and well-wishers to strengthen and renew social relations during this holy month of Ramadan. The event was attended by delegates from the Indian and Kazakhstan consulates, as well as representatives from the Confederation of Indian Industry and other dignitaries.
Copyright © 2021 UAQ Free Trade Zone. All rights reserved.

Our mailing address is:
One UAQ, Umm Al Quwain Free Trade Zone Authority,
P.O Box 7072, Umm Al Quwain, UAE.

Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list.

Content Disclaimer
Every effort is made to provide accurate and complete information in UAQ FTZ newsletters. UAQ FTZ makes no claims, promises or guarantees about the accuracy, completeness, or adequacy of the contents of the newsletters and expressly disclaims liability for errors and omissions in the contents of this newsletters.