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.

There are four different types of business licenses that you can obtain in UAQFTZ:

  • Commercial license: A commercial license allows you to trade in goods and services.
  • Industrial license: An industrial license allows you to manufacture goods.
  • Service license: A service license allows you to provide services.
  • Freelancer license: A freelancer license allows you to operate as a freelancer in UAQFTZ.

The requirements for each type of business license vary slightly, so it is important to do your research before you apply.

Here is a list of the requirements for each type of business license in UAQFTZ:

Commercial license:

  • Copies 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 business plan: Your business plan should include information about your company, your products or services, your target market, and your financial projections.
  • 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.
  • 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.
  • Payment of the registration fee: The registration fee for a commercial license varies depending on the size and type of your business.

Industrial license:

  • Copies 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 business plan: Your business plan should include information about your company, your products or services, your target market, and your financial projections.
  • 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.
  • 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.
  • Payment of the registration fee: The registration fee for an industrial license varies depending on the size and type of your business.

Service license:

  • Copies 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 business plan: Your business plan should include information about your company, your products or services, your target market, and your financial projections.
  • 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.
  • 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 obtain an audit exemption from UAQFTZ.
  • Payment of the registration fee: The registration fee for a service license varies depending on the size and type of your business.
How to enhance user experience on a Dubai crypto exchange?

Conclusion

Choosing the right type of business license in Umm Al Quwain Free Trade Zone (UAQFTZ) is important, as it will determine the activities that you are allowed to carry out. The requirements for each type of license vary slightly, so it is important to do your research before you apply.

If you are unsure about which type of license is right for your business, or 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 choose the right license for your business.

Recommendation: BizDaddy

BizDaddy is a leading business setup consultant that can help you choose the right type of business license in UAQFTZ and complete the application process. 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.