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 setting up a business in UAQFTZ, there are a few steps you will need to follow.
Here is a step-by-step guide on how to set 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. You can use the UAQFTZ company name checker tool to see if a company name is available.
- 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
- A copy of your company’s Memorandum of Association (MOA) and Articles of Association (AOA)
- A copy of your company’s audited financial statements (if applicable)
- 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.
Once you have completed all of the above steps, your company will be registered in UAQFTZ.
Here are some additional tips for setting up a business in 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 company is registered, you will need to obtain a business license from UAQFTZ. You can apply for a business license online or in person at the UAQFTZ office.
Setting up a business in Umm Al Quwain Free Trade Zone (UAQFTZ) is 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.
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.
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.