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UAQ Free Zone

Company Formation in Umm Al Quwain Free Trade Zone

The Emirate of Umm Al Quwain saw the establishment of its own free zone in 2014 with the view to meet the demand for a thriving business community within the Emirate. The low cost of living and labor costs in Umm Al Quwain along with its stable economy has aided companies in developing an effective business strategy. Yet, the convenient location of the free zone has granted companies with a direct access to the region’s commercial hub.

Business activities such as trading, general trading, premium consultancy and micro businesses are licensed and governed by the Umm Al Quwain Free Trade Zone Authority. Further, details pertaining to the types of legal structures, documents required, facilities, list of activities, company formation timeline, license fees and share capital requirements are detailed in the menu appearing on the right side of this text.

Unlike most free zones, Umm Al Quwain Free Trade Zone permits the investor to be absent from the country during the process of company formation. Ergo, investors can engage a law firm that provides bespoke legal advice to act as the owner’s representatives during all necessary company formation formalities. Furthermore, the free zone also provides special licenses such as the premium consultancy, micro business, and freelancer permits enable investors to engage in varied business activities. These licenses encompass activities that are not granted as easily elsewhere, are economical, and are suitable for single professionals. Such activities include real estate consultancy, shipping and logistics, professional activities, and budgeted trading. Umm Al Quwain Free Trade Zone appeals to investors who prefer an economic-friendly company formation process and a flexible platform to conduct their commercial activities at a relatively low operational cost.

(Last updated on 21 May 2018)

 

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