All entities formed in the Umm Al Quwain Free Trade Zone will be with limited liability (LLC)
Different types of entities can be established Umm Al Quwain Free Zone such as;
Companies can be formed by individual or corporate shareholder. A natural person who is at least 21 years of age and upwards can be a shareholder.
Minimum capital of the company should be AED: 300,000/- (US$82,000/- approx.) with a share value of AED: 1000/- per share (US$274 approx.)
Every entity should have a natural person as manager, director and secretary.
With quick and easy set-up process, documentation will be a breeze for investors. The advantages are multiple license options in the same entity, no proof of start-up capital required, and set-up remotely from the convenience of home or office anywhere in the world.
Umm Al Quwain free trade zone issues various types of licenses such as Commercial, Consultancy / service, Industrial & freelancer permit.
Clients can choose from more than 1500 business activities
Multiple activities can be clubbed in one license. Commercial license can be issued with 10 similar or 3 different categories. Consultancy / service / freelancer permit can be issued with two activities.
Entities can avail the option of dual license in the same entity i.e. an entity with a commercial license can obtain a consultancy / service license in the same company without the need of setting up another entity.
License validity will be minimum one year. Multiple year licenses can be issued
Licenses can be amended by changing the activities any time during the validity of the license
As a general rule with a free zone license, the client can do business inside the free zones or outside UAE. To do business in the local UAE market, it has to be through an agent or distributor. There are no restrictions in participating in any exhibitions in UAE.
License issuance is quick and easy…..
UAQ Free Trade Zone - the Business Licensing Department of the Government of Umm Al Quwain - has completed 34 years of operations as a business jurisdiction. The Free Zone Quwain offers a transparent legal framework with a host of licenses, allowing businesses to cover 1500+ business activities, giving it credibility and a solid foundation.
There are multiple licensing options for business entities, including FCZ (Free Zone Company) for 2–50 individual and/or corporate shareholders and FZE (Free Zone Establishment) for a single individual and/or corporate shareholders or a branch of a foreign/UAE company.
With few quick and easy set-up process, documentation will be a breeze for investors, and can operate the company in no time at all. The advantages are multiple license options in the same entity, no proof of start-up capital required, and set-up from the convenience of home or office anywhere in the world.
Explore UAQ FTZ license option to see what suits the best.