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UAQ Free Zone

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UAQ Free Trade Zone (UAQFTZ)

Umm Al Quwain Free Trade Zone (UAQ FTZ) is a strategic initiative of the Government of Umm Al Quwain, with a mandate to provide the required infrastructure and incentives for a prosperous business community. Conveniently located within 45 minutes from Dubai International Airport, Umm Al Quwain is a friendly, progressive, and prosperous emirate within the United Arab Emirates.

UAQ FTZ is an ideal location for Micro Businesses, SME’s, and Conglomerates to do business in a safe and secure free trade zone environment and it is one of the most attractive places for your effective investment in the region. Their professional services make the registration and licensing process quick and easy.

Generous investment incentives such as 100% foreign ownership, 0% corporate and personal tax, 100% repatriation of capital and profits, no exchange control, no restriction on investment in any sector are further evidence of our openness towards international investors.

With a sound, transparent and modern legal framework, open investment climate, low costs of living and labor as well as easy access to trading partners in the Middle East, Africa, and Asia, you have come to the right place.

Benefits
  • It offers 100% foreign ownership
  • It offers 4 visas for office unit. However, no restriction for industry/assembly units operating in leased land as required for the activity
  • Company formation period is 3-4 days
  • No Corporate Taxes for a minimum of 15 years
  • No Import Duties, No Export Duties
Types of License
  • General trading
  • Management & Consultancy
  • Special License

Frequently Asked Questions

Free Zone Companies are registered and listed with a Free Zone Authority (e.g DMCC). A DMCC Free Zone Company does not require you to have any Local UAE Citizen Partner and can be 100% owned by any foreign citizen and/or company.

 

DMCC Free Zone companies can be registered as an Individual, Branch, and/or Subsidiaries of Local UAE or Foreign Companies.

Yes, you can choose any name yourself. However, the registration will go through the DMCC Authority and Dubai Economic Department approvals.

The number of employees you can hire depends on the Office Space you lease. If you require more visas than the allocated number, additional fees are applicable. At Mayfair Executive Office, you get 3 Visas and 1 PIC per office, regardless of the size.

It is mandatory to acquire a facility upon issuance of the License. You can either rent or buy a Flexi Desk, Serviced Office, Physical Office, Retail Space and Warehouses or Open Land for Industrial Units.

Having an office facility is a mandatory. DMCC Free Zone companies are only allowed to have an Office Facility inside DMCC Free Zone in Jumeirah Lakes Towers (JLT).

DMCC provides three types of visas: employment visa, dependents residence visa, and business visit visa.

The amount of the Share Capital varies depending on the chosen activity. A minimum required Share Capital for a Service/Commercial Trading License is AED 50,000; and AED 1 Million for General Trading. This amount must be deposited in the company’s bank account and once Share Certificate is issued by the bank, money can be withdrawn thereafter.

Yes, you can and there is a wide variety of good banks to choose from.

Yes, you are allowed to trade locally and internationally but subject to the Rules and Regulations of DMCC Free Zone.

The documents and the company setup costs will depend on the activity chosen. To get a better idea about the costs involved, click here.

Company formation in DMCC has a minimum processing of 3-6 weeks. However, the speed of approvals will depend on the chosen activity, certification and attestation requirements.

Yes, Park Avenue Offices has a team of professionals well versed with the DMCC rules and regulations and will help you with all documentations and procedures.

 

*Terms & Conditions apply.

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