Umm-al-Quwain Free Zone

Benefits of UAQFTZ Company Formation

• Located in the proximity of sea ports and two international airports (Dubai International Airport and Sharjah International Airport)
• Access to over 2 billion consumers thanks to its strategic location
• 100% company ownership
• Complete exemption from corporate, personal and import & export taxes
• 100% repatriation of profits and capital in all currencies
• Wide range of permitted business activities
• Cost-efficient business solution for micro businesses and SMEs
• Hiring foreign employees is allowed
• Offices and warehouses are available with hi-tech facilities
• Registration process is simple and quick
• Rules and regulations are according to international standards

Requirements

1. Required Documents:

UAQFTZ allows the establishment of FZC (free zone company, for 2 to 50 shareholders), FZE (free zone establishment, for single shareholder) and branch of an existing company. FZC and FZE require same types of documents while documents may differ in case of branch of a company.

• Passport copy of manager (for all businesses)
• Memorandum and articles of Association (for all businesses)
• Passport copy of shareholders & directors (for FZC & FZE)
• Shareholder’s proof of address (for FZC & FZE)
• Manager’s proof of address (for branch)
• Certificate of incorporation (for branch)
• Board resolution and power of attorney (for branch)

2. Required Licenses:

Following are main types of licenses available in UAQFTZ for businesses. Companies have to choose one of the following licenses according to type of their business:

• Commercial License (for import, export and general trading activities)
• Industrial License (for manufacturing of raw imported products)
• Service License (for providing services like travel agency, car rental, logistics etc.)
• Consultancy License (for providing professional advice)
• Freelance Permit (for freelance professionals)

Why to Choose Riz & Mona

• We have experience of more than 8 years for company formation in mainland areas and free zones across UAE
• We provide wide range of services from translation and attestation of documents to visa services and bank account opening
• We will continuously assist you in handling issues after formation of your company in UAQFTZ