Business Setup In Umm Al Quwain Free Zone

Complete guide to setup business in Umm Al Quwain Free Zone

Umm Al Quwain Free Zone Business Setup

 

Location and Development

Umm Al Quwain is an emirate in the UAE, next to Sharjah and Dubai. With developing infrastructure, the emirate has created a Free Zone to attract global investors with great offers. This location is also good for industrial license company formation, with warehouses and plots for all sizes of companies.

History and Popularity

Established in 1987, Umm Al Quwain Free Zone gained momentum after its 2014 revamp and service upgrade. This project has helped to encourage entrepreneurship and empower companies to succeed in a competitive market.

Strategic Benefits

UAQ FTZ is 45 minutes from Dubai International Airport, perfect for startups, SMEs and big companies. Although a smaller emirate, the free zone has all the facilities and competitive advantages of the bigger free zones in the region, so a smooth setup for businesses.

Benefits of Company Setup in UAQ Free Zone

 

Setting up a company in Umm Al Quwain Free Zone offers many economic benefits without compromising on quality. The cost of trade licenses, office spaces and warehousing in UAQ FTZ is unbeatable compared to other emirates.

 

One of the main benefits is ease of registration. You can register your company remotely without having to visit UAQ. Just sign the incorporation documents and send them to your agent, like Flyingcolour, to handle the registration with the UAQ authority on your behalf.

 

Visa application and renewal for company executives and employees in UAQ FTZ is straightforward, saving time and hassle.

 

By using the expertise of consultants and agents, you can set up your business in UAQ Free Zone with confidence, minimising the risk of mistakes during the setup. You can also discuss the best location for your business to ensure it’s located in the right place.

 

UAQ Free Zone doesn’t require additional approvals from other UAE authorities for certain business types. This applies to Legal Consultancies, Real Estate Consultancies, Travel Consultancies, Financial Consultancies and Oil and Gas Consultancies, making the setup process faster and more convenient.

Why Set up a Business in UAQ?

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  • Umm Al Quwain is perfect for micro businesses and SMEs. The emirate offers many opportunities for entrepreneurs to grow and streamline their business. One of the main attractions of setting up a company in UAQ is low cost, especially for young entrepreneurs with limited budgets.
  • UAQ has a good reputation among international investors due to flexible licensing and management. In simple terms business setup in UAQ Free Zone is one of the cheapest, easiest and most profitable business opportunities in the world.

Types of Licenses to Setup a Company in RAK UAE

Commercial License

This license allows you to buy, sell and trade. It covers import, export and re-export of all kinds of goods including garments, food, beverages, textiles, furniture and building materials. It can be structured to cover 3 different product lines or 10 similar product lines depending on your business scope.

Industrial License

This license is for businesses involved in manufacturing, processing or production. Companies in industries like textiles, food processing, electronics, chemicals and construction require this license. It allows you to do industrial activities, usually involving creation or modification of physical goods

Services License

This license is for businesses providing service based activities including consultancy, legal services, engineering, accounting, advertising, IT services, healthcare and education. It allows you to deliver specialized services to individuals, corporations and government bodies. Examples include courier services, insurance providers, travel agencies, tour operators and car rental companies.

General Trading License

This license allows you to trade in all kinds of goods and materials allowed in the UAE. However for certain restricted items like explosives, you need additional permission from UAE authorities. This license gives you flexibility to trade across different sectors.

Freelance Permits

For individuals offering services independently, this permit allows professionals in fields like event planning, content writing, photography, technology, media, film, creative roles and certain administrative roles to operate under their personal name instead of company name.

Consultancy License

For businesses offering professional or expert advice, consultancy license is mandatory. It covers professionals like artisans, craftsmen, management consultants and other specialists who provide guidance in areas like finance, management, legal services and more.

Steps for Company Formation in UAQ Free Zone

1

Choose the business activities your company will be involved in. UAQ Free Zone has many activities to choose from so pick the ones that suit your business goals.

2

 You need to get an office space in the UAQ Free Zone. This will be your official business address and is a requirement to get your business license.

3

Fill up the company formation application form correctly and submit it to the relevant UAQ Free Zone authority. Along with the application you need to pay the setup costs or fees.

4

Once your application is approved and payment is processed, apply for your business license. Once you get the license you can start business in the UAQ Free Zone.

Why choose us?

Flyingcolour Business Setup provides business setup services like never before, making the process of setting up your business in RAK Free Zone, UAE a breeze. Our team is with you every step of the way, guiding and supporting you. With us, you can navigate the complexities of business setup with ease.

Free Zones Located in Umm Al Quwain

Following are very popular free zones located in Umm Al Quwain

Umm Al Quwain Free Zone

Flyingcolour offers all types of company registrations in the United Arab Emirates, Mainland, Free Zone and Offshore company setup in all Emirates. We also open business bank accounts with local banks. With our wide network and connections with government departments and financial institutions, we ensure a smooth setup experience for our clients.