Introduction

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 are interested in transferring your free zone license to UAQFTZ, there are a few steps you will need to follow.

  1. Complete the application form: The first step is to complete the license transfer application form. The application form can be found on the UAQFTZ website.
  2. Submit the required documents: In addition to the application form, you will also need to submit a number of other documents, including:
    • A copy of your valid passport
    • A copy of your valid visa
    • A copy of your existing free zone license
    • A copy of your company’s Memorandum of Association (MOA) and Articles of Association (AOA)
    • A copy of your company’s audited financial statements
    • A bank reference letter
    • A certificate of good conduct
  3. Pay the transfer fee: Once you have submitted all of the required documents, you will need to pay the license transfer fee. The transfer fee varies depending on the type of company you are transferring.

Once you have completed all of the above steps, your free zone license will be transferred to UAQFTZ.

Here is a more detailed explanation of each step:

Complete the application form:

The license transfer application form can be found on the UAQFTZ website. The 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 information, and your contact information.

Submit the required documents:

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

  • A copy of your valid 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 existing free zone license: You will need to submit a copy of your existing free zone license.
  • A copy of your company’s Memorandum of Association (MOA) and Articles of Association (AOA): You will need to submit a copy of your company’s MOA and AOA.
  • A copy of your company’s audited financial statements: You will need to submit a copy of your company’s audited financial statements for the past two years.
  • A bank reference letter: You will need to submit a bank reference letter from a reputable bank that confirms your financial stability.
  • A certificate of good conduct: You will need to submit a certificate of good conduct from the police authorities in your home country.

Pay the transfer fee:

The license transfer fee varies depending on the type of company you are transferring. The fee can be paid online or by bank transfer.

Once you have completed all of the above steps, your free zone license will be transferred to UAQFTZ.

Here are some additional tips for transferring your free zone license to UAQFTZ:

  • Make sure that you have all of the required documents before you start the application process. This will help to ensure that your application is processed quickly and efficiently.
  • If you have any questions about the application process, you should contact UAQFTZ customer support. The customer support team is available to answer your questions and help you to complete the application process.
  • Once your free zone license has been transferred to UAQFTZ, you will need to update your company’s MOA and AOA. You will also need to obtain a new business license from UAQFTZ.
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Conclusion

Transferring your free zone license to UAQFTZ can be a relatively straightforward process, but it is important to make sure that you have all of the required documents and that you follow the correct steps.

If you are unsure about any part of the process, you should contact UAQFTZ customer support for help.

Recommendation: BizDaddy

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

BizDaddy offers a number of benefits to businesses, including:

Expertise: BizDaddy has a deep understanding of the free zone licensing process in the UAE. This means that they can help you to avoid any common mistakes and ensure that your application is processed quickly and efficiently.

Connections: BizDaddy has a network of connections in UAQFTZ, including government agencies, financial institutions, and other businesses. This can help you to get the support you need to make your license transfer successful.

Convenience: BizDaddy offers a one-stop shop for transferring your free zone license to UAQFTZ. This means that you can deal with everything through BizDaddy, from completing the application form to submitting the required documents to paying the transfer fee.

If you are serious about transferring your free zone license to UAQFTZ, I highly recommend contacting BizDaddy. BizDaddy can help you make the process as smooth and stress-free as possible.