Umm Al Quwain Free Zone Authority

The UAE government is deeply interested in creating a nurturing commercial environment where business owners, as well as entrepreneurs, get easy access to business-friendly policies and top-notch infrastructure.

The easy business setup procedure makes the UAE a sought-after destination for foreigners to invest. One such step in this direction is the creation of the Umm Al Quwain Free Zone Authority where you can invest and receive countless benefits that can drive the growth of your enterprise for years to come.

This blog explores everything you need to know about the Umm Al Quwain Free Trade Zone (UAQFTZ) Authority. This information will help you realize what gives this place great investment potential so keep on reading till the end to learn more.

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• About Umm Al Quwain Free Zone Authority
• Benefits of Setting Up Your Business in the Umm Al Quwain Free Zone Authority
• Easy Registration and Company Formation Processes
• Ideal Location
• Dual Licensing
• A Wide Range of Business and License Options
• Strong Entrepreneurial Support
• Financial Benefits
• Types of Companies Allowed in Umm Al Quwain Free Zone Authority
• Time Frame and Cost

About Umm Al Quwain Free Zone Authority

The Umm Al Quwain Free Zone Authority is a free zone that has been licensed by the federal authorities in the UAE. It operates under Act No. 6 of 2008 which gives it exclusive authority over administration, management, as well as the operation of the zone for its whole term of 99 years.

This free trade zone is located just 45 Km from Dubai between Ras Al Khaimah and Ajman spanning an area of 23,000 hectares. This is the first and the largest free trade zone with over 208 registered enterprises currently operating in it.

About 60% of the overall businesses in the region are Emirati owned while 40% belong to other companies from all across the globe.

UAQFTZ is among the most developed free zones in the UAE which aims to build a lasting relationship between trade, agriculture, tourism, and resorts with its countless incentives or investment opportunities. It does so by offering dependable services in an environment that is extremely business-friendly.

Here are a few facilities that you can expect to get in UAQFTZ

• A tax-friendly business environment
• Great infrastructure as well as facility development
• Single-window services
• Cutting-edge operational technologies  

Benefits of Setting Up Your Business in the Umm Al Quwain Free Zone Authority

Here are a few reasons why you need to start your business in the UAQFTZ

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1. Easy Registration and Company Formation Processes

Both local and foreign investors who wish to start a business in this region enjoy a very short and straightforward registration process. There are no minimum share capital requirements to set up a business which further streamlines the company formation process. The skilled services along with the outstanding infrastructure offered by the Umm Al Quwain further ensure a simpler and quicker company creation process.

2. Ideal Location

Umm Al Quwain Free Zone Authority is among the world’s top free zones which hosts several other free zones under it. Its ideal location gives both enterprises as well as investors so much potential to do lucrative business in the UAE. The place also has an excellent road infrastructure that gives it convenient access to other emirates as well as GCC countries.    

This one-of-a-kind business integrated industrial park is extremely well-planned which creates the most dynamic environment for the businesses. It is located at the junction of important national and international trade routes.

You can access Jebel Ali from here with ease. The Dubai International Airport is also a short 35-minute drive away from this location. You can also reach Dubai in just half an hour from Umm Al Quwain Free Trade Zone.

3. Dual Licensing

Dual licensing is a special provision that allows a company operating in the UAQFTZ Authority to engage in multiple business operations. They can simply add new licenses to the existing company and start right away.

This allows businesses to scale their operations rapidly which saves costs.

4. A Wide Range of Business and License Options

UAQ is among very few trade zones that is not limited to a few business activities. Instead, it welcomes almost all industries and businesses which creates a diverse business ecosystem. According to an estimate you can choose from more than 1500 business activities in the region.

Businesses related to logistics, freelancing, general trading, consultancies, e-commerce, manufacturing, etc. can easily get licenses and set up their operations in the region.

5. Strong Entrepreneurial Support

Umm Al Quwain Free Zone Authority is an ideal location for small businesses and startups as it strives to provide them with full economic support in the form of minimal operational costs, no foreign hiring restrictions, and a future-focused infrastructure.

6. Financial Benefits

The main benefits that UAQFTZ Authority offers include profit repatriation, full ownership, as well as complete control over business operations. Business owners can also enjoy benefits like tax relaxations, no currency restrictions, and exemptions on customs duty.

Types of Companies Allowed in Umm Al Quwain Free Zone Authority

Following are the three main types of business entities that Umm Al Quwain Free Zone Authority allows within the region

• A free zone establishment with one shareholder.
• A free zone entity or a company with several shareholders.
• The branch of a company that already exists in the zone.

Time Frame and Cost

After the submission of your complete documents, it takes about 1 to 2 working days for the completion of the registration process. Based on the type of entity you want to register the costs may vary. Usually, the registration starts from AED 8,000.

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Conclusion

Umm Al Quwain offers a very attractive landscape for investments for SMEs as well as large conglomerates. The welcoming investment climate along with the economic stability and lower living costs are what make this place ideal for doing business.

You can engage in a wide range of business activities in the region including logistics, trading, manufacturing, freelancing, e-commerce, etc., and enjoy plenty of benefits like the best infrastructure as well as tax relaxations in this area. This way by investing in Umm Al Quwain free Trade zone authority you can open the doors to countless opportunities that guarantee the best ROI.

You can visit Alpha Pro Partners today to get top-notch investment, accounting, bookkeeping, or human resources services all over the UAE.

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FAQs

Is there any tax in Umm Al Quwain Free Zone?

This is a free zone that gives business owners facilities like 100% ownership, low import/export duties, as well as no income tax.

How much is the cost of a trade license in Umm Al Quwain Free Zone?

You can get a commercial license for AED 10,000 to AED 15,000 and an industrial license for AED 15,000 to AED 25,000 in this region.

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Who is the ruler of Umm Al Quwain?

This region is under the rule of Saud bin Rashid Al Mualla.

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What is the main source of income in Umm Al Quwain?

The economy of the Umm Al Quwain Free Zone Authority depends mainly on the revenue from hotels, tourism, manufacturing, fishing, and trading activities.

What is special about Umm Al Quwain Free Zone Authority?

This place offers the best recreational activities including sailing, skydiving, dhow building, falconry, etc.

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Can foreigners buy real estate in Umm Al Quwain Free Zone Authority?

Foreigners can easily buy properties in the designated areas of UAQ on leasehold basis.

Why do you need to invest in Umm Al Quwain?

This place offers countless commercial as well as residential real estate investment opportunities, modern infrastructure, and an amazing tourism industry potential which makes it an ideal place to invest.

Is it worth visiting Umm Al Quwain?

This place is ideal for tourists who can find here historical sites, fun beaches, theme parks, and much more to explore.

What is the main industry of Umm Al Quwain?

Fishing is the main industry in the UAQ and it exports seafood to both the UAE as well as Europe.

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Is Umm Al Quwain Free Zone Authority a good place to live?

This is an ideal place to live for people who are looking to get away from the busy city life and enjoy a peaceful and secluded lifestyle with countless family friendly amenities.

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