How much is the renewal fee for Umm Al Quwain license?
Renewal fees vary by license type; for example, a General Trading License renewal is AED 30,500.
How much does it cost to open a free zone company in the UAE?
Costs differ across free zones; in Umm Al Quwain Free Trade Zone, packages start from AED 8,000.
What is the main source of income of Umm Al Quwain?
Umm Al Quwain’s economy primarily relies on hotels, parks, tourism, trading activities, fisheries, and manufacturing.
Are there any restrictions on business activities in UAQFTZ?
UAQ Free Zone permits a full range of business activities across 1,500+ options, with specific restrictions on certain commodities like tobacco, alcohol, pharmaceuticals, and crude oil.
Can I own multiple businesses under one license in UAQFTZ?
UAQ Free Zone allows combining trading and professional services into one company, facilitating multiple business activities under a single license.
How long does it take to form a company in the UAQ?
Company formation in UAQ Free Zone typically takes between 3 to 5 business days.
What is the company renewal process for UAQ FTZ?
Companies must renew their licenses annually before expiration to avoid penalties; the process involves submitting required documents and paying the renewal fee.
What is the liquidation fee in UAQ FTZ?
Specific liquidation fees are not publicly listed; it’s advisable to consult directly with UAQ Free Zone authorities or a business consultant for accurate information.
What is the minimum share capital for subsidiary company formation in the UAQ?
The minimum share capital requirement is AED 300,000 (USD 82,192), which may be reflected in statutory documents without actual transfer of funds into a bank account.