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.

When setting up a business in UAQFTZ, there are a number of government fees that you will need to pay. The rates of these fees vary depending on the type of business license you are applying for and the size and type of your business.

Here is a list of the rates of each type of government fee in UAQFTZ:

Commercial license:

  • Registration fee: AED 3,500
  • Annual renewal fee: AED 2,500
  • Visa fee: AED 3,000 per visa

Industrial license:

  • Registration fee: AED 5,000
  • Annual renewal fee: AED 3,500
  • Visa fee: AED 3,000 per visa

Service license:

  • Registration fee: AED 2,500
  • Annual renewal fee: AED 1,500
  • Visa fee: AED 3,000 per visa

Freelancer license:

  • Registration fee: AED 1,500
  • Annual renewal fee: AED 1,000

In addition to the above fees, there are a number of other government fees that you may need to pay, such as:

  • Bank guarantee: AED 50,000 for commercial and industrial licenses, and AED 10,000 for service and freelancer licenses
  • Chamber of Commerce membership fee: AED 1,000
  • Establishment card fee: AED 500
  • Visa processing fee: AED 1,000 per visa

The total cost of setting up a business in UAQFTZ will vary depending on the type of business license you are applying for and the size and type of your business. However, you can expect to pay a minimum of AED 10,000 in government fees.

Here is an example of the total cost of setting up a commercial license company in UAQFTZ:

  • Registration fee: AED 3,500
  • Annual renewal fee: AED 2,500
  • Bank guarantee: AED 50,000
  • Chamber of Commerce membership fee: AED 1,000
  • Establishment card fee: AED 500
  • Visa processing fee: AED 1,000 per visa

Total cost: AED 58,500

It is important to note that these are just estimates and the actual cost may vary depending on your specific circumstances.

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Conclusion

The rates of government fees in UAQFTZ are very competitive compared to other free zones in the UAE. UAQFTZ also offers a number of incentives to businesses, such as 100% foreign ownership, no income tax, and low import and export duties.

If you are considering setting up a business in the UAE, UAQFTZ is a great option to consider.

Recommendation: BizDaddy

BizDaddy is a leading business setup consultant that can help you set up a business in UAQFTZ and pay all of the required government fees. BizDaddy has a team of experienced professionals who can help you with every step of the process, from choosing a business activity to completing the application form to submitting the required documents.

BizDaddy offers a number of benefits to businesses, including:

  • Expertise: BizDaddy has a deep understanding of the business setup process in the UAE. This expertise can help you avoid common pitfalls and ensure that your business is set up correctly.
  • Convenience: BizDaddy offers a one-stop shop for business setup in the UAE. This means that you can deal with everything through BizDaddy, from choosing a business activity to obtaining a business license.
  • Peace of mind: BizDaddy’s team of experienced professionals can help you navigate the business setup process and ensure that everything is done correctly. This can give you peace of mind knowing that your business is in good hands.

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