UAQ FREE TRADE LICENSE

Conveniently located within 45 minutes from Dubai International Airport, Umm Al Quwain FTZ is an investor-friendly, progressive free-zone established mainly to favor SMEs and micro-businesses, which will benefit from advantageous set-up costs, 100% company ownership and zero currency restrictions.
Types of licenses:

  • Commercial License: import, export, distribution and storing of items specified on the license. A Commercial License can have three different product lines or 10 similar product lines.
  • General Trading License: trade in a wider range of activities, giving the freedom and flexibility to trade in any commodity which is permitted within the UAE.
  • Consultancy License: entities which offer expert or professional advice and is issued to all manner of professionals including artisans and craftsmen. It allows two similar activities.
  • Freelance Permit: this allows an individual to operate as a freelance professional, and conduct business in one’s birth name as opposed to a brand name or company.
  • Industrial License: import raw materials, then manufacture/ process / assemble / package the specified products, and export the finished product.
  • Service License: carry out the services specified on the license within the Free Zone, such as Logistics; Courier Services; Insurance Service Provider; Travel Agency; Tour Services; Car Rental etc.

 

Legal entities under UAQ FTZ:

  • Free Zone establishment (FZE) – a single shareholder.
  • Free Zone Company (FZC) – two to 50 shareholders.
  • A branch of an existing company.

 

Business facilities:

  • 0% corporate and personal tax.
  • 100% company ownership.
  • 100% repatriation of capital and profits.
  • No share Capital Requirements.
  • 100% import and export tax exemption within the Free Zone.
  • Full range of business activities permitted.
  • Simple and fast registration process.
  • Office, warehouse and land availability.
  • Close to two international airports and major sea ports.
  • Investor-friendly rules and regulations.
  • Ideal location for SMEs and micro-businesses.

 

Documents required to open a business in UAQ FTZ:

  • Passport copy of the owner.
  • Passport copy of shareholders/directors.
  • Proof of home address of the owner/manager.
  • Application form.
  • Memorandum and articles of association.
  • Certificate of incorporation.
  • Board resolution and power of attorney.