Introduction

Umm Al Quwain Freezone (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 setting up a business in UAQFTZ, there are a few requirements you will need to meet.

Requirements for setting up a business in UAQFTZ

The following are the general requirements for setting up a business in UAQFTZ:

  • Choose a business activity: The first step is to choose a business activity for your company. UAQFTZ offers a wide range of business activities to choose from, so it is important to select one that is relevant to your industry.
  • Select a company name: Once you have chosen a business activity, you will need to select a company name. The company name must be unique and must not be trademarked by another company.
  • Complete the application form: Once you have selected a business activity and company name, you will need to complete the company registration application form. The application form can be found on the UAQFTZ website.
  • Submit the required documents: In addition to the application form, you will also need to submit a number of other documents, including:
    • Copies of your passport and visa
    • A business plan
    • A bank reference letter
    • A certificate of good conduct
    • Pay the registration fee: Once you have submitted all of the required documents, you will need to pay the company registration fee. The registration fee varies depending on the type of company you are registering.

Specific requirements for each type of business license in UAQFTZ

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

Commercial license

In addition to the general requirements listed above, you will also need to submit the following documents for a commercial 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 for the past two years (if applicable)

Industrial license

In addition to the general requirements listed above, you will also need to submit the following documents for an industrial license:

  • A copy of your company’s MOA and AOA
  • A copy of your company’s audited financial statements for the past two years (if applicable)
  • A detailed description of your manufacturing process
  • A list of the equipment and machinery that you will be using
  • A copy of your lease agreement or title deed for your industrial premises

Service license

In addition to the general requirements listed above, you will also need to submit the following documents for a service license:

  • A copy of your company’s MOA and AOA
  • A copy of your company’s audited financial statements for the past two years (if applicable)
  • A detailed description of the services that you will be providing
  • A list of the qualifications and experience of your key personnel

Freelancer license

In addition to the general requirements listed above, you will also need to submit the following documents for a freelancer license:

  • A copy of your passport and visa
  • A copy of your educational qualifications
  • A copy of your CV or resume
  • A letter of recommendation from a previous client or employer
How to request a bank statement in UAE?

Conclusion

Setting up a business in Umm Al Quwain Freezone (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 set up a business in UAQFTZ. 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.