How To Start A Business at Umm Al Quwain Free Zone
Umm Al Quwain Free Zone is a newly formed Free Zone which started operation in early 2014. Previous also known as Ahmed Bin Rashid Free Zone (ABRFZ). Umm Al Quwain Free Trade Zone is one such Free Zone located 50 minutes away from Dubai International Airport in the Emirate of Umm Al Quwain. It can be accessed easily from the old Emirates road. Umm Al Quwain Free Zone has been operating as an independent free zone. The new free zone promising to grow rapidly in the next few years because of the advantages it offers mainly to those looking for an economical setup and running costs as well as the variety of licenses.
Like other free zone companies Umm Al Quwain Free Zone company can be owned 100% by the foreign owners- a company or individuals, it is tax free and can import into Free Zone duty free. This means that the Umm Al Quwain Free Zone companies engaged in international trade can release their goods and keep them as stocks meant for re-export without payment of customs duties. Umm Al Quwain Free Zone Company can freely do business internationally. Like other free zones Umm Al Quwain Free Zone Company can sell goods in the local markets by using the services of a local trader. Service companies can deliver services from inside the Free Zone into UAE and to other countries.
Business Licenses issued under UMM AL QUWAIN Free zone
Under the commercial license, all types of trading activities can be accredited by Umm Al Quwain Free Zone. A Single business activity e.g. Trade in garments or multiple activities.
This is popular among international traders because almost all categories of products can be traded. Tobacco, Alcohol, Pharmaceuticals and Crude oil are not allowed. This license costs will be little expensive compared to trading license.
This license is issued to those who plan to carry on consultancy business – Management Consultancy, IT services, Accounting Services, HR Consultancy Services.
The license is applicable to those who would like, to begin with minimum budget and do not need a physical office or a visa. They can start a Trading or a consultancy business using this cheapest option.
This is meant for individuals who carry out professional activities in their specialty or expertise as a business. Photographers, even planners, musicians, performers and may other categories are covered. Educational certificates as proof of expertise are needed.
Legal Form of UMM AL Quwain Free Zone companies
FZE Companies – Single shareholder
FZC Companies – Two or more shareholders
Branch Companies – Branch of local company, branch of foreign companies
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