UAQ Free Zone
Company Formation
Umm Al Quwain (UAQ) free zone is an ideal location for setting up business in the UAE. It is the prime location near to seaport of Umm Al Quwain (UAQ). UAQ Free Zones are the shortest distance from Sharjah international airport and Dubai international airport. It is a widely preferred location for establishing small-medium enterprises, startups, companies, and corporates for various reasons like its strategic geographical location, emerging market access to international airports, etc. UAQ free zone company formation is comparatively simple and safe and has easy worldwide access due to various transport facilities available in the region. The companies in the UAQ free zone are mainly involved in the importing and exporting operations.
Umm Al Quwain Free Zone company formation is made simple with Booming Bytes Business Consultancy with the complete support of our business setup consultants.
Benefits of UAQ Free Zone Company Formation
- The minimum requirement to start a business in the UAQ free zone
- Company formation with minimum resources
- No annual auditing
- Company registration without the physical presence of the shareholders
- Freedom to hire international employees
- Low-cost visa processing
- Fast company formation processing
- Flexible governmental policies
- 100% foreign ownership and 100% capital retention
- Friendly renting and leasing opportunities
- Airports at an hour’s drive
UAQ Free Zone Company Formation License
UAQ Free Zone authority enables to start of a new company or expand an existing company with minimum requirements. UAQ Free Zone authority bind investors to obtain a license. There are five licenses available in the UAQ free zone. They are trade license, consultancy license, premium consultancy license, freelance license, and service license.
The trade license is divided into two – commercial and general trading licenses. A commercial license is issued to a business that deals with commodities and the dealer can manage at least three products of the same category. However, a general trading license is issued for all business activities except alcohol, tobacco, pharmaceutical, and crude oil trading.
Umm Al Quwain free zone enables freelancers to set up their business in the free zone if they’re offering their services in the media and entertainment, technological and innovation, creativity, etc..
This license is issued to those businesses that offer real estate, tourism, oil and gas, legal, financial, and other investment consultancy services.
A consultancy license is offered to professionals of all types including financial advisors, lawyers, artists, teachers, etc.
This type of license is issued to investors involved in providing rental services i.e, rent a car, transportation, logistics supply, etc.
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How To Start A Company In Umm Al Quwain Free Zone?
- Choose your business activity and license.
- Select the legal type of your entity – Free Zone Company/Free Zone Establishment/Branch of Existing Company
- Select the facilities you require from the free zone – office spaces, warehouse, or other amenities.
- Submit the required documents
- License fee payment
- Obtain the license and establish your company
- Passport copies of the manager and shareholders.
- MOAA
- Address proof of shareholders(for FZC and FZE)
- Address proof of Manager(for Branch Office)
- Certificate of Incorporation(for Branch Office)
- Board of resolution and Power of Attorney(Branch Office)
Booming Bytes Business Consultancy
Booming Bytes Business Consultancy enables a comprehensive range of services worldwide to set up their business in the Umm Al Quwain free zone with limited resources. We can assist the business to get easy registration, licensing, employee visas, transportation, logistics supply, etc.
Whether you’re looking for Umm Al Quwain free zone company setup or want to consult to expand your business in the UAQ free zone, we’re the best answer. Reach us out today and start your business easily.