If you’re interested in starting a business in the United Arab Emirates, you might want to consider setting up shop in Umm Al Quwain Free Zone. This zone is located in the emirate of Umm Al Quwain, which is one of the seven emirates that make up the UAE. It’s a great place to do business because it offers a range of benefits that can help your company grow and thrive.
One of the most attractive features of Umm Al Quwain Free Zone is its tax-free status. This means that you won’t have to pay any corporate or personal income taxes on your profits. Additionally, the zone offers 100% foreign ownership, which means that you can own your business outright without having to partner with a local sponsor. This can give you greater control over your business and help you make decisions more quickly.
Overview of Umm Al Quwain Free Zone
If you’re looking to start a business in the UAE, Umm Al Quwain Free Zone (UAQFZ) is a great option to consider. Located in the emirate of Umm Al Quwain, it offers a range of benefits to companies looking to establish themselves in the region.
One of the main advantages of UAQFZ is its strategic location. Situated between Dubai and Ras Al Khaimah, it provides easy access to major ports and airports, making it an ideal hub for international trade. Additionally, the free zone offers a range of business-friendly policies, including 100% foreign ownership, 100% repatriation of capital and profits, and no personal or corporate income tax.
UAQFZ also provides a variety of business facilities and services to help companies get up and running quickly. These include modern office spaces, warehousing and storage facilities, and access to a range of business support services such as legal, accounting, and marketing.
Overall, Umm Al Quwain Free Zone is a great option for businesses looking to take advantage of the many benefits of setting up in the UAE. With its strategic location, business-friendly policies, and range of facilities and services, it provides an ideal environment for companies to thrive and succeed.
Benefits of Setting Up a Company in Umm Al Quwain Free Zone
If you are looking to set up a company in the UAE, Umm Al Quwain Free Zone (UAQFZ) is a great option to consider. Here are some benefits of setting up a company in UAQFZ:
1. 100% Foreign Ownership
One of the main advantages of UAQFZ is that foreign investors can own 100% of their company, without the need for a local sponsor. This means that you have complete control over your business and can make decisions without any external interference.
2. Tax Benefits
Another benefit of setting up a company in UAQFZ is the tax benefits. Companies operating in UAQFZ are exempt from corporate and personal income taxes, as well as import and export duties. This can result in significant cost savings for your business.
3. Strategic Location
UAQFZ is located in close proximity to both Dubai and Sharjah, making it an ideal location for businesses looking to access these markets. The free zone is also located near the port of Umm Al Quwain, which provides easy access to shipping routes and international markets.
4. Simplified Company Setup
Setting up a company in UAQFZ is a relatively straightforward process, with minimal paperwork and processing time. The free zone also offers a range of services to help businesses get up and running quickly, including company registration, licensing, and visa processing.
5. Business-friendly Environment
UAQFZ is known for its business-friendly environment, with a range of incentives and support services available to help businesses succeed. The free zone also offers access to a skilled workforce, modern infrastructure, and state-of-the-art facilities.
Overall, setting up a company in UAQFZ can offer a range of benefits for foreign investors, including 100% foreign ownership, tax benefits, strategic location, simplified company setup, and a business-friendly environment.
Process of Setting Up a Company
Setting up a company in Umm Al Quwain Free Zone is a straightforward process that can be completed within a few days. Here are the steps to follow:
- Choose a Business Activity: The first step is to select the business activity you want to engage in. The free zone offers a wide range of activities, including trading, manufacturing, and service provision.
- Select a Company Name: You need to choose a unique name for your company. The name should not be similar to any other registered company in the UAE.
- Submit an Application: You need to submit an application to the free zone authority along with the required documents, such as passport copies, business plan, and bank reference letter.
- Obtain Initial Approval: After submitting the application, you will receive initial approval within a few days. This approval allows you to proceed with the next steps.
- Sign the Documents: You need to sign the documents, such as the lease agreement and the memorandum of association, and submit them to the free zone authority.
- Pay the Fees: You need to pay the required fees, such as the registration fee and the license fee.
- Obtain the License: After completing all the steps and paying the fees, you will receive the license to operate your business in the free zone.
In conclusion, the process of setting up a company in Umm Al Quwain Free Zone is simple and straightforward. By following these steps, you can start your business within a few days and enjoy the benefits of operating in a tax-free environment.
List of Companies in Umm Al Quwain Free Zone
Here is a list of companies registered in the Umm Al Quwain Free Zone, sorted alphabetically:
| Company Name | Business Activity |
|---|---|
| ABC Trading LLC | Trading |
| Blue Ocean Shipping LLC | Shipping |
| Delta Engineering FZC | Engineering |
| Elite Business Solutions FZE | Business Consultancy |
| Falcon Industries FZC | Manufacturing |
| Global Logistics DWC LLC | Logistics |
| Horizon Technologies FZC | Technology |
| International Trading Company FZC | Trading |
| Jumeirah Motors FZC | Automotive |
| Karama Industries FZC | Manufacturing |
| Luminous Printing Press FZC | Printing |
| Millennium International FZC | Trading |
| National Food Industries LLC | Food Processing |
| Oceanic General Trading FZC | Trading |
| Prime Logistics FZC | Logistics |
| Quick Response Trading FZE | Trading |
| Royal Gulf FZC | Trading |
| Skyline Industries FZC | Manufacturing |
| Techno Blue FZC | Electronics |
| United Global Logistics FZC | Logistics |
| Visionary Solutions FZE | IT Solutions |
| Wadi Al Safa General Trading FZC | Trading |
| Xpress Printing FZC | Printing |
| Yousuf & Sons FZC | Trading |
| Zafco Trading LLC | Trading |
This list is not exhaustive and is subject to change. The Umm Al Quwain Free Zone is a popular destination for businesses due to its strategic location, competitive costs, and business-friendly environment. Companies operating in the free zone enjoy a range of benefits, including 100% foreign ownership, zero corporate and personal income tax, and no currency restrictions.
Types of Companies in Umm Al Quwain Free Zone
If you’re considering setting up a business in Umm Al Quwain Free Zone, it’s essential to understand the different types of companies available to you. Here are the four main types of companies you can establish in Umm Al Quwain Free Zone:
Free Zone Establishment
A Free Zone Establishment (FZE) is a limited liability company that can be owned by an individual or a corporate entity. It requires only one shareholder, who can be an individual or a corporate entity. The minimum capital required to set up an FZE is AED 150,000.
Free Zone Company
A Free Zone Company (FZC) is similar to an FZE, but it requires at least two shareholders. The minimum capital required to set up an FZC is AED 150,000, which can be shared between the shareholders.
Branch of a Foreign Company
A Branch of a Foreign Company (BFC) is a legal entity that is an extension of a foreign company. It requires a minimum of one shareholder, who must be the parent company. The parent company must have been in operation for at least one year and must provide audited financial statements. There is no minimum capital requirement for a BFC.
Branch of a UAE Company
A Branch of a UAE Company (BUC) is a legal entity that is an extension of a UAE company. It requires a minimum of one shareholder, who must be the parent company. The parent company must have been in operation for at least one year and must provide audited financial statements. There is no minimum capital requirement for a BUC.
In summary, Umm Al Quwain Free Zone offers a range of company types to suit different business needs. Whether you’re a small business owner or a large corporation, there’s a company structure that can work for you.
Key Sectors in Umm Al Quwain Free Zone
Umm Al Quwain Free Zone (UAQFZ) is a thriving business hub that offers a range of investment opportunities to entrepreneurs from around the world. The free zone is home to a diverse range of companies, with a particular focus on the following key sectors:
Trade
The strategic location of UAQFZ, with easy access to major ports and airports, makes it an ideal destination for companies engaged in international trade. The free zone offers a range of services to support import and export activities, including customs clearance, warehousing, and distribution.
Services
UAQFZ is home to a growing number of companies offering a wide range of services, including consulting, IT, marketing, and financial services. The free zone provides a supportive environment for service-based businesses, with modern infrastructure, flexible regulations, and a skilled workforce.
Manufacturing
UAQFZ is an attractive destination for manufacturers looking to establish a presence in the Middle East. The free zone offers a range of incentives to encourage investment in manufacturing, including tax exemptions, streamlined licensing procedures, and access to a skilled workforce.
Logistics
The logistics sector is a key driver of the UAE economy, and UAQFZ is well positioned to take advantage of this growth. The free zone offers a range of logistics services, including warehousing, transportation, and distribution, as well as access to major ports and airports.
In conclusion, UAQFZ is a dynamic and growing business hub that offers a range of investment opportunities across a variety of key sectors. Whether you are looking to establish a presence in the Middle East, expand your international trade activities, or take advantage of the growing logistics sector, UAQFZ is an ideal destination for your business.
Companies in Umm Al Quwain New Industrial Area
If you’re looking for a company to set up shop in Umm Al Quwain, the new industrial area is a great place to start. There are a variety of companies operating in the area, ranging from small businesses to large corporations.
One of the benefits of setting up a company in the new industrial area is the availability of land and facilities. The area is well-equipped with warehouses, factories, and offices, making it a convenient location for businesses in need of space.
Some of the companies operating in the area include Al Hamad Group, which is involved in construction and real estate, and Al Shamsi Holdings, which operates in the food and beverage industry. Another notable company is Gulf Precast Concrete, which specializes in precast concrete products.
In addition to these companies, there are also a number of smaller businesses operating in the area, such as auto repair shops and printing companies. Overall, the new industrial area in Umm Al Quwain offers a diverse range of companies for those looking to establish a presence in the region.
Legal and Regulatory Framework
When setting up a company in Umm Al Quwain Free Zone, it is important to understand the legal and regulatory framework that governs business operations. The Free Zone Authority has implemented a number of regulations to ensure that companies operate in a transparent and efficient manner.
One of the key advantages of setting up a business in Umm Al Quwain Free Zone is the absence of corporate and personal income taxes. Additionally, companies are not required to pay any customs or import duties on goods or services that are imported or exported.
The Free Zone Authority has established a number of rules and regulations to ensure that companies operate in accordance with international standards. For example, all companies must comply with anti-money laundering regulations, and are required to submit regular financial reports to the authorities.
In terms of company formation, the Free Zone Authority has streamlined the process to make it as efficient as possible. Companies can be registered within a matter of days, and there are no minimum capital requirements.
Overall, the legal and regulatory framework in Umm Al Quwain Free Zone is designed to provide a supportive and transparent environment for businesses to operate in. By adhering to the regulations and guidelines set out by the Free Zone Authority, companies can enjoy a hassle-free business experience and focus on growing their operations.
Facilities and Services Provided
Umm Al Quwain Free Zone offers a wide range of facilities and services to its clients. These include:
Business Setup Services
The free zone provides comprehensive business setup services to its clients. This includes assistance with company registration, licensing, visa processing, and other related services. The free zone also offers a range of business support services such as legal, accounting, and consulting services.
Office Spaces
Umm Al Quwain Free Zone offers a variety of office spaces to suit the needs of different businesses. These include furnished and unfurnished offices, virtual offices, and flexi-desk options. All office spaces are equipped with modern amenities and high-speed internet connectivity.
Warehousing and Storage Facilities
The free zone provides warehousing and storage facilities to its clients. These facilities are equipped with modern amenities and are suitable for storing a wide range of products. The free zone also offers value-added services such as packaging, labelling, and distribution.
Easy Access to Ports and Airports
Umm Al Quwain Free Zone is strategically located near major ports and airports. This provides easy access to global markets and makes it an ideal location for businesses involved in import and export activities.
24/7 Security and Surveillance
The free zone provides round-the-clock security and surveillance to ensure the safety of its clients and their assets. This includes CCTV monitoring, access control, and patrolling by trained security personnel.
Overall, Umm Al Quwain Free Zone provides a range of facilities and services that make it an attractive location for businesses looking to establish a presence in the UAE.
Cost of Setting Up a Company
Setting up a company in Umm Al Quwain Free Zone is a straightforward process. The cost of setting up a company depends on the type of business activity and the size of the company. Here is a breakdown of the costs involved:
Company Registration Fees
The company registration fees in Umm Al Quwain Free Zone start from AED 8,500 for a Free Zone Establishment (FZE) and AED 15,000 for a Free Zone Company (FZC). The fees vary depending on the type of license and the number of shareholders.
License Fees
The license fees for a commercial license start from AED 5,500 per year, while the fees for a service license start from AED 7,000 per year. The fees for an industrial license start from AED 11,000 per year.
Other Costs
In addition to the registration and license fees, there are other costs involved in setting up a company in Umm Al Quwain Free Zone. These costs include office space rent, visa fees, and other miscellaneous expenses.
Overall, the cost of setting up a company in Umm Al Quwain Free Zone is competitive compared to other free zones in the UAE. The process is straightforward, and the fees are transparent, making it easier for entrepreneurs to plan their budgets.
Case Studies of Successful Companies
If you are considering setting up a business in Umm Al Quwain Free Zone, it can be helpful to take a look at some successful companies that have already established themselves in the area. Here are a few examples:
Company A
Company A is a manufacturer of high-quality leather goods, including bags, wallets, and belts. They have been operating in Umm Al Quwain Free Zone for five years and have seen steady growth during that time. One of the keys to their success has been their focus on quality and customer service. They use only the finest materials and employ skilled craftsmen to create their products. They also offer excellent after-sales support, which has helped them to build a loyal customer base.
Company B
Company B is a technology firm that specializes in developing software for the healthcare industry. They have been based in Umm Al Quwain Free Zone for three years and have already made a name for themselves in the industry. One of the reasons for their success has been their ability to stay ahead of the curve when it comes to new technology. They invest heavily in research and development, which has allowed them to create innovative solutions that are in high demand.
Company C
Company C is a logistics company that provides warehousing and distribution services to businesses across the region. They have been operating in Umm Al Quwain Free Zone for seven years and have built a reputation for reliability and efficiency. One of their strengths is their use of technology to streamline their operations. They have implemented a state-of-the-art warehouse management system that allows them to track inventory in real-time and optimize their delivery routes.
Overall, these case studies demonstrate that Umm Al Quwain Free Zone is a great place to do business. Whether you are a manufacturer, a technology firm, or a logistics provider, there are opportunities to succeed in this dynamic and growing market.
Frequently Asked Questions
What is the cost of obtaining a trade license in Umm Al Quwain Free Zone?
The cost of obtaining a trade license in Umm Al Quwain Free Zone varies depending on the type of license you require. The cost can range from AED 5,500 to AED 20,000. It is best to check with the Umm Al Quwain Free Zone Authority for the latest fees.
How can I verify a company registered in UAQ Free Trade Zone?
You can verify a company registered in Umm Al Quwain Free Trade Zone by visiting the official website of the Umm Al Quwain Free Zone Authority. On the website, you can find a list of all the registered companies in the free zone.
What is the contact number for Umm Al Quwain Free Zone?
You can contact the Umm Al Quwain Free Zone Authority by calling +971 6 742 4444 or by sending an email to [email protected].
Are there any food manufacturing companies in Umm Al Quwain?
Yes, there are several food manufacturing companies in Umm Al Quwain Free Trade Zone. Some of the popular ones include Al Rawabi Dairy Company, Al Islami Foods, and Al Ghurair Foods.
Is Umm Al Quwain a freehold zone?
Yes, Umm Al Quwain Free Trade Zone is a freehold zone. This means that foreign investors can own 100% of their business without the need for a local sponsor.
