Introduction

The Umm Al Quwain Free Trade Zone (UAQFTZ) is a free zone in the United Arab Emirates that offers a number of benefits to businesses, including 100% foreign ownership, no income tax, and low import and export duties. UAQFTZ is also home to a variety of industries, including technology, media and entertainment, education, healthcare, and logistics.

If you have a company registered in UAQFTZ, you will need to renew your free zone license annually. The renewal process is relatively straightforward, but there are a few things you need to do to make sure that your license is renewed on time.

Steps to renew your free zone license in UAQFTZ:

  1. Check the expiration date of your license: The first step is to check the expiration date of your free zone license. You can find the expiration date on your license certificate.
  2. Submit the renewal application form: The renewal application form can be found on the UAQFTZ website. You can also submit the renewal application form in person at the UAQFTZ office.
  3. Pay the renewal fee: The renewal fee varies depending on the type of company you have registered. The renewal fee can be paid online or by bank transfer.
  4. Submit the required documents: In addition to the renewal application form, you will also need to submit a number of other documents, including:
    • A copy of your passport and visa
    • A copy of your company’s certificate of incorporation
    • A copy of your company’s trade license
    • A copy of your company’s audited financial statements
  5. Once you have submitted all of the required documents and paid the renewal fee, your free zone license will be renewed.

Here is a more detailed explanation of each step:

  1. Check the expiration date of your license:

The expiration date of your free zone license is typically printed on the front of your license certificate. You can also find the expiration date on your UAQFTZ account dashboard.

  1. Submit the renewal application form:

The renewal application form can be found on the UAQFTZ website. You can also submit the renewal application form in person at the UAQFTZ office.

The renewal application form is relatively straightforward, but you should take your time to fill it out carefully. Be sure to provide accurate information, including your personal information, your company’s information, and your contact information.

  1. Pay the renewal fee:

The renewal fee varies depending on the type of company you have registered. The renewal fee can be paid online or by bank transfer.

You can find the renewal fee for your company type on the UAQFTZ website.

  1. Submit the required documents:

In addition to the renewal application form, you will also need to submit a number of other documents, including:

  • A copy of your passport and visa: You will need to submit copies of your passport and visa pages that show your personal information and your entry stamp.
  • A copy of your company’s certificate of incorporation: This is the document that was issued when your company was registered.
  • A copy of your company’s trade license: This is the license that allows your company to operate in the UAQFTZ.
  • A copy of your company’s audited financial statements: This is a financial report that has been reviewed by an independent auditor.
  1. Once you have submitted all of the required documents and paid the renewal fee, your free zone license will be renewed.

Here are some additional tips for renewing your free zone license in UAQFTZ:

  • Make sure that you have all of the required documents before you start the renewal process. This will help to ensure that your license is renewed on time.
  • If you have any questions about the renewal process, you should contact UAQFTZ customer support. The customer support team is available to answer your questions and help you to complete the renewal process.
  • You can also contact a business setup consultant to help you with the renewal process. A business setup consultant can help you to gather the required documents and complete the renewal application form.
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Conclusion

Renewing your free zone license in UAQFTZ is a relatively straightforward process. By following the steps above, you can ensure that your license is renewed on time and that your business can continue to operate in the UAQFTZ.

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BizDaddy is a leading business setup consultant that can help you renew your free zone license in UAQFTZ. BizDaddy has a team of experienced professionals who can help you with every step of the renewal process, from gathering the required documents to completing the renewal application form.