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UAQ Freezone Business Setup
UAQ Freezone Company Formation & Business Setup
The UAE is increasingly becoming popular as a business destination for many people worldwide. UAQ Free Zone is among the latest and smallest UAE free zone offering the same facilities as the others. Located in Umm Al Quwain(UAQ), the free zone is ideal for business setup and trading with 100% foreign ownership and 100% tax exemption offers. Moreover, with UAQ free zone’s perfect location near the international airport and seaport, it becomes easy to connect with the global markets.
At IdeaBiZone, our team of professional and skilled business consultants will help you in setting up your business in the free trade zone UAQ, acquainting you with the entire process.
Why UAQ Free Zone?
Located at a distance of just 30 minutes from Dubai, we have become one of the perfect destinations for entrepreneurs, global corporations, and startups because of our low labor and living costs, SME-friendliness, relevant tax laws, top-class infrastructure, affluent consumer access, rapid development, experienced workforce, and global market access.
Operated by Umm Al Quwain as a government organization, UAQ free trade zone gives you 1500+ business options along with great business stability. IdeaBiZone, with its years of experience and skilled team of professionals, will take you through the process of setting up your company in the UAQ-free zone.
Types of Licenses in UAQ Free Zone
If you want to start up your business in the UAE, you’d need to get your business license. According to the UAQ free trade zone list, you can check the type of license you need. Here are the licenses offered.
1. Commerical License
Commercial licenses are granted to businesses involved in purchasing and selling goods within or outside the UAE. These licenses authorize the export, import, distribution, and storage of the items mentioned on the permit.
2. Service License
Service providers tend to play an essential part in UAE’s economic growth. Service licenses in the UAQ free trade zone allow service companies to reach, market, and then distribute their services to the customers.
3. General Trading License
The broader category covers general trading licenses under a commercial license. This license allows trading in different activities, giving the flexibility and freedom of trading commodities that are allowed in the UAE.
4. Industrial License
A company in the UAE that deals with the production and manufacturing of raw materials to finished goods needs a business license. To get an industrial license, it's mandatory to have a warehouse or physical office. For these industries, the UAQ free trade zone provides leasable land units at the lowest costs of operation.
5. Freelance Permit
The work permit of a freelance license lets an individual work as a freelance professional, conducting business in the birth name instead of a company or brand name. This permit is designed for those individuals who work in the media, technology, and film sectors, and it's issued for creative roles, talent roles, and chosen administrative functions.
Advantages of Setting Up a Business in UAQ Free Zone
UAQ free zone’s great startup support, minimal expenses of operation, geographical accessibility, and low costs of living gives businesses and startups an excellent opportunity to boost their growth in the beginning years, thereby making this zone ideal for micro-businesses and SMEs. Here are the key advantages of setting your business in UAQ free zone.
1. Multiple Economic Benefits
The financial benefits offered by UAQ free zone are many, including 0% personal and corporate tax, 100% ownership of the company, 100% profit repatriation and capital, along with no currency restrictions and 100% tax exemption on export and imports outside the GCC countries and within the free zone.
2. Great Support for Investors
UAQ free zone offers investor-friendly and progressive regulations and rules with a simple registration process. They provide amazing support services wherever customers feel in need. No restrictions are placed on hiring foreign employees, and concessions are also offered at the seaport of UAQ.
3. Easy and Quick Setup
With the UAQ free trade zone, you get the necessary support that investors need to setup up their businesses efficiently in the UAE. The fast documentation process speeds up the free zone registration completion, making you a business owner in less than two days.
4. Up-to-date and Modern Infrastructure
The UAQ free zone authority is always in a constant struggle to upgrade the infrastructure to meet the market’s needs. Currently, under the second development phase, the free zone aims to bring in new projects in line with the government’s ambitious initiatives. UAQ free zone supports fully serviced warehouses, industrial land, offices, and virtual/flexible office leasing choices. The modern facilities supported are suited for companies of all types and sizes.
5. Perfect Location, Along with Global Market Access
The convenient location of the UAQ free zone offers maximum access to a population of over two billion, along with a powerful base that can be used for building international ventures.
Located strategically near the primary seaports of UAE, Sharjah International Airport, and Dubai International Airport, the UAQ free zone allows convenient trading with global businesses. The UAQ free zone is located 30 minutes from UAE’s business capital, Dubai.
6. Ideal for Logistics
Umm Al Quwain Free Trade Zone supports the best road infrastructure. Situated behind E 311 state highway (Muhammad Bin Zayed Road), the longest road in UAE, this free trade zone offers a great location with the logistic advantage of connecting to the GCC countries and other Emirates.
With the Al Quwain Hutchinson seaport’s quay of 845 meters and four-berth facility, the UAE free trade zone is an ideal export and import location. This tends to be an essential entry-exit point for general, container, bulk, and Ro-Ro cargo in UAE’s northern part. Businesses operating in the free trade zone UAQ are offered special concessions at the seaport.
7. Business Ecosystem is Versatile
The UAQ free trade zone is suitable for both established and emerging businesses because of its rapidly-developing infrastructure and progressive policies that build a good, versatile business ecosystem.
UAQ free zone covers multiple types of legal business activities, allowing you to run businesses as needed. Any business is welcomed here, including general trading, e-commerce, consulting and freelancing, manufacturing, repacking, and assembling.
8. Dual Licensing
Investors also get the freedom of dual licensing at the UAQ free zone, allowing you to conveniently and flexibly conduct several business operations here. You’ll need to set up your company for the business activity you plan to do this. Once done, you can add the new license to this existing company, offering investors the chance of diversification and improving cost-effectiveness and time efficiency.
9. Transparency
The UAQ free zone system has a transparent yet strict framework for regulation, protecting the interests of the investors while offering economic stability.
10. UAE Business’s One-Stop-Shop
UAQ free zone makes everything easy for the investors by serving as a single place for various services, including customs, immigration, approvals and licenses, facilities, employment, and visas. Therefore making the legalities required for operating a UAQ-free zone easy and convenient.
11. Powerful Expat Community
The world-class facilities and strong cosmopolitan culture make the UAQ suitable for ex-pats. Similarly, businesses are free to choose from different talent pools offered in the country.
How to Set Up a Company in UAQ Free Zone?
Follow the steps below to set up a business in the Umm Al Quwain free zone.
Documents Required to Set up a Company in the UAQ Free Zone
UAQ free trade zone allows the establishment of FZC for 2 to 50 shareholders, FZE for a single shareholder, and an existing company branch. For FZE and FZC, the documents required are more or less the same, while these can vary for a company branch. Here are the documents needed.
- Manager’s passport copy (for every business)
- Directors’ and shareholder’s passport copies (for FZE and FZC)
- Proof of address of the shareholder (for FZE and FZC)
- Proof of address of the Manager (for the branch)
- Incorporation certificate (for the branch)
- MOA, Memorandum, and Articles of Association (for all the businesses)
- Power of attorney and board resolution (for the branch)
Procedure to Get UAQ Free Zone License
You can get your UAQ free zone license with the simple step-by-step process below.
- Getting a UAQ free zone license is online, and one needs to get it through the portal.
- To start, you need to select the entity; free zone company, free zone establishment, or branch.
- Next, you need to choose the license type that suits your business needs; commercial license, freelance permit, industrial license, or service/consultancy license.
- Once you’ve decided upon the license you need, you must choose from the range of facilities, including a warehouse, office, coworking, and land.
- Next, just enter the details in the required fields; add your SQM, nature of business, and several visas needed.
- After that, you’ll need to enter your details, including your name, email, phone number, and message. Once done, click submit.
Dubai Free Zone Business Setup Cost
UAQ Free trade zone offers business setup at relatively reasonable prices. We, at Idea BiZone, offer a business setup in Dubai free zone at the most affordable prices, helping freelances, companies, and entrepreneurs embark on their new journey and make their place in the business world.
Cost of Setting Business in RAK Free Zone
Ras Al Khaimah Free Trade Zone authority sometimes runs discounts and promotions for customers. The prices are reasonable, starting from roughly AED 8,000 for a zero visa media company. At Idea BiZone offer you our reliable services at the most reasonable prices, covering everything you need to set up your business in this zone. Contact us today to get your consultation.
Why Choose Idea Bizone?
With our years of experience and skilled team of professionals, Idea BiZone is your best choice for setting up your company in the UAQ-free zone. We have helped multiple companies set up their businesses in the UAQ free zones successfully. Our services cover almost everything you need, ranging from attestation of the necessary documents for opening your business until it is all set to function. Our dedicated team will assist you throughout the process and handle the necessary issues once your company is set up in the UAQ-free zone. At IdeabiZone, we offer personalized support, consultancy, and management services for clients wishing to set up companies in the free zone of Umm Al Quwain. You can trust us to guide you through the entire process of setting up your company.
