The main reason why setting up a company in a UAE free zone can be a very profitable business idea is related to the many benefits that foreign investors and entrepreneurs are able to receive. However, it is possible to find other good reasons why investors should establish their businesses in a free zone such as Umm Al Quwain Free Trade Zone, which is among the most popular locations in the country.

In this article, you will learn everything you need to know about this outstanding free zone and our top reasons why you should start setting up your business here. In addition, you will be able to know more interesting information that every investor interested in this location should know. Let’s observe:

1. Strategic location advantage and world-class infrastructure.

2. Easy setup process and quick incorporation process.

3. A variety of license options with affordable prices.

4. Personal presence is not required to establish your business.

5. Large number of business activities that are allowed in the free zone.

6. Other benefits that foreign investors can obtain in Umm Al Quwain Free Trade Zone.

7. What documents do you need to obtain your license in the UAQ Free Trade Zone?

8. How can Connectfz help you establish your company in Umm Al Quwain Free Zone?

1. Strategic location advantage and world-class infrastructure.

The convenient location and global reach, along with the modern infrastructure, are among the most remarkable advantages that make the Umm Al Quwain Free Trade Zone a popular free zone in the UAE. And, just like the MENA region (the Middle East and North Africa region) and several European sites, this free trade zone has the perfect conditions that allow foreign investors and entrepreneurs to start establishing their companies and doing business successfully.

The UAQ free trade zone is strategically placed to do business with more than two billion potential customers across the MENA region, the subcontinent, and the European and Far East markets. Also, it is within the reach of the UAE’s main seaport, Sharjah International Airport, and Dubai International Airport too, and this easy access is a great advantage to many businesspeople in the free zone.

Here you can learn about the business setup process in the Sharjah Airport International Free Zone.

2. Easy setup process and quick incorporation process.

The setup process in this free zone can be done by following 6 simple steps; choosing the license type, choosing the entity type, choosing the facilities, submitting the required documents, processing the payment, and receiving the trade license to activate your business successfully. In the Umm Al Quwain Free Trade Zone, the setup process only takes 3-5 working days, which is a useful advantage for those who desire to establish their business as soon as possible.

However, the setup timeline will depend on the business consultancy agency. Another important detail is that all legal documents, establishment cards, visas, and other documentation will be processed during this short setup timeline. Other free zones can also offer this benefit to their companies, such as Ajman free zone companies and many others, but when it comes to efficiency and quality, the UAQ Free Trade Zone is the best location.

As for the documents that you will need to submit to complete the incorporation process, here are the general ones that you must gather to establish any type of business in the free zone:

• A passport copy of the owners.
• Address proof of the owners.
• Signed filled incorporation documents.
• Passport-size photographs.

Remember there are three main types of entities that you can establish in this free zone, which are: FZE (Free Zone Establishment), FZC (Free Zone Company), and a branch of an existing UAE or foreign company. Each of these entities might require other documents to complete the setup process.

Here you can learn about the Ajman Free Zone and the process you must follow to set up your business there.

3. A variety of license options with affordable prices.

Among the most attractive features of the Umm Al Quwain Free Trade Zone is the great variety of business licenses that all investors and entrepreneurs can obtain for very low prices. Among the most requested business licenses in this free zone, you will be able to find the following ones:

• Commercial or Trading license: there are actually two types of this license, which are the commercial license and the general trading license. The first one allows investors to export, import, distribute, and store the items that are specified in the license. As for the general trading license, it allows investors to trade a wider range of goods. The commercial license fee is around AED 13,500 and the general trading license fee is around AED 20,500.
• Premium Consultancy: it allows real estate consultancy, legal consultancy, financial consultancy, tourism consultancy, and many other related industries to operate in the free zone. This license fee is around AED 23,900.
• Freelance Permit: this license allows individuals to operate as freelance professionals, especially those who operate in the technology, media, and film sectors. The fee for this permit is around AED 8,000.
• Industrial license: it allows companies to import raw materials to manufacture, process, assemble, package, and export finished products. The fee that must be paid is around AED 7,000.

Here you can learn about the DED initiative that allows free zone companies to do business in Dubai Mainland.

4. Personal presence is not required to establish your business.

Investors’ personal presence is not required when they set up their companies in the UAQ Free Trade Zone. This is an advantage if the investors are in another city or even abroad. The only requirement to finish establishing a business is signing the incorporation documents and courier them to the appointed agent, who will complete the registration by UAQ authority on the investor’s behalf.

Here you can learn new business ideas you might need to start setting up your own company in the UAE.

5. Large number of business activities that are allowed in the free zone.

In this free zone, there are several industries that are allowed to do business and establish companies in the zone, and each of those industries can perform any business activity related to it. Here is a list of some of the industries that are allowed to perform their business activities in the Umm Al Quwain Free Trade Zone:

• Media and entertainment.
• Construction and contracting.
• Tourism and Hospitality.
• Accounting and auditing firm.
• General trading.
• Real Estate.
• Agriculture and fishing.
• Educational institution.
• Financial institution.
• Oil and gas.
• Technical services.
• Events organizing.
• Money exchange.
• Health care.
• Cargo and freight-forwarding.
• Insurance.
• Consulting.
• Non-profit.
• Law firm.
• Manufacturing.
• NGO (Non-Governmental Organization).

6. Other benefits that foreign investors can obtain in Umm Al Quwain Free Trade Zone.

Besides the advantages previously explained, the Umm Al Quwain Free Trade Zone is also known for other benefits that it provides to its investors. Some of these are common benefits that all free zones provide, and some others are unique according to the free zone. Here you will see a list of the most outstanding benefits that UAQ free trade zone offers:

• 100% company ownership.
• 100% repatriation of profits and capital.
• 100% import and export tax exemption within the free zone.
• No personal and incorporate tax.
• No currency restrictions.
• No restrictions on hiring foreign employees if the investor needs it.
• It is the ideal location for SMEs and micro-businesses.
• A full range of business activities is permitted in the free zone.
• Modern and investor-friendly rules and regulations in the free zone, such as no proof of capital needed to start up, simple paperwork, and modern business laws.
• An easy and fast registration process with high-quality customer support during the entire process.
• Strategic location with access to over two billion consumers across the free zone and beyond.
• Hi-tech facilities are offered to the investors, including office space, warehouse space, and land availability.
• This location is close to two international airports and major seaports.
• There are special concessions at the UAQ’s seaport.

Here you can learn more about free zones in the United Arab Emirates and the benefits they offer to foreign investors.

7. What documents do you need to obtain your license in the UAQ Free Trade Zone?

The number and types of documents will depend on the type of entity that the investor desires to establish in the free trade zone. In this case, there are only two types of entities allowed in the free zone, which are the free zone companies or free zone establishments, and branches of other companies.

If you desire to establish a free zone company, you will have to gather and submit the following documents:

• An application form.
• A clear color copy of the passports of all shareholders and directors.
• A color copy of the manager’s passport.
• Proof of address of the shareholder.
• The Memorandum and Articles of Association.

In the case of branch offices, the investor will be required to gather and submit these documents:

• An application form.
• A color copy of the manager’s passport.
• Proof of address of the manager.
• The Memorandum and Articles of Association.
• The Certificate of Incorporation.
• The Board Resolution and Power of Attorney.

Remember that the branch documents should be legalized and attested by the UAE embassy or consulate where the parent company is located. Corporate shareholders should submit the same documents as required for the branch, and lastly, each legal document has to be sealed or initialed if there is more than one page.

7.1. Information regarding the license renewal process in the UAQ Free Trade Zone.

Licenses must be renewed annually in order to keep running your business legally and effectively. The Umm Al Quwain free zone license renewal process is simple and easy, especially if you complete it with a professional business partner by your side. Fees may vary depending on the type of license that the investor will renew.

For instance, the general trading license renewal cost is around AED 30,500. The consultancy license renewal fee is around AED 23,500. The service license renewal fee is around AED 17,500. The freelance permit renewal cost is around AED 23,500. If you need more information, you can get in touch with your business setup partner to receive more detailed information.

Here you can learn more information about the trade license in Dubai and the reason why you need it to run your business.

8. How can Connectfz help you establish your company in Umm Al Quwain Free Zone?

Now that you are aware of the many excellent advantages that you can obtain when you set up your company in the Umm Al Quwain Free Trade Zone, you are able to consider choosing this free zone as your perfect place to make your business grow. However, you can also consider choosing Connectfz to achieve your goal even faster and more efficiently.

Helping foreign investors to establish their businesses in the UAE free zones is our specialty, and among our main services is being an efficient business setup partner to guide you during your setup process. Professional tips and guidance will help you obtain better results in less time. In addition, the rest of our services can help your business grow once it is installed in the free zone.

Among our high-quality services you might need to run your company effectively, you will be able to request our tax advisory services, banking services, visa and government services, HR consultancy services, and many others. Feel free to contact our team to obtain more useful information regarding our services and support.

Would you like to contact Connectfz to know more about company setup in UAE free zones such as Umm Al Quwain Free Trade Zone? If you have any question, do not hesitate to call us on +97143316688 or email us at info@connectfz.ae, and you will talk to one of our representatives that will gladly answer all of your questions.