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. However, there are a number of government fees that businesses need to pay in UAQFTZ.

Here is a list of the different types of government fees that businesses need to pay in UAQFTZ:

  • Company registration fee: The company registration fee is a one-time fee that is paid when you register your company in UAQFTZ. The fee varies depending on the type of company you are registering and the number of shareholders.
  • Business license fee: The business license fee is a recurring fee that is paid annually to renew your business license. The fee varies depending on the type of business license you have.
  • Visa fees: If you are employing expatriates in your company, you will need to pay visa fees for each employee. The visa fees vary depending on the nationality of the employee and the type of visa they are applying for.
  • Labor fees: If you are employing expatriates in your company, you will also need to pay labor fees. The labor fees vary depending on the number of employees you have and the type of work they are doing.
  • Other fees: There are a number of other government fees that businesses may need to pay in UAQFTZ, such as fees for environmental permits, health and safety inspections, and import and export duties.

Here is a more detailed explanation of each type of government fee:

Company registration fee:

The company registration fee is a one-time fee that is paid when you register your company in UAQFTZ. The fee varies depending on the type of company you are registering and the number of shareholders.

For a limited liability company (LLC), the company registration fee is AED 10,000. For a free zone company (FZC), the company registration fee is AED 7,500. For a single-person company (SPC), the company registration fee is AED 4,500.

Business license fee:

The business license fee is a recurring fee that is paid annually to renew your business license. The fee varies depending on the type of business license you have.

For a commercial license, the business license fee is AED 10,000. For an industrial license, the business license fee is AED 15,000. For a service license, the business license fee is AED 5,000.

Visa fees:

If you are employing expatriates in your company, you will need to pay visa fees for each employee. The visa fees vary depending on the nationality of the employee and the type of visa they are applying for.

For example, the visa fee for a new employment visa for a British citizen is AED 5,000. The visa fee for a renewal of an employment visa for a British citizen is AED 3,000.

Labor fees:

If you are employing expatriates in your company, you will also need to pay labor fees. The labor fees vary depending on the number of employees you have and the type of work they are doing.

For example, the monthly labor fee for a skilled worker is AED 1,000. The monthly labor fee for a semi-skilled worker is AED 500.

Other fees:

There are a number of other government fees that businesses may need to pay in UAQFTZ, such as fees for environmental permits, health and safety inspections, and import and export duties.

The specific fees that your business needs to pay will depend on the type of business you are operating and the activities that you are carrying out.

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Conclusion

There are a number of government fees that businesses need to pay in Umm Al Quwain Free Trade Zone (UAQFTZ). These fees include the company registration fee, business license fee, visa fees, labor fees, and other fees.

The specific fees that your business needs to pay will depend on the type of business you are operating and the activities that you are carrying out.

Recommendation: BizDaddy

BizDaddy is a leading business setup consultant that can help you understand the different types of government fees that you need to pay in UAQFTZ and help you to budget for these fees. BizDaddy can also help you to obtain the necessary permits and licenses and to comply with all of the government regulations.

If you are serious about setting up a business in UAQFTZ, I highly recommend contacting BizDaddy. BizDaddy can help you to make the process as smooth and stress-free as possible.