Umm Al Quwain FZ Company Formation – Company Setup in Umm Al Quwain Free Zone

The Umm Al Quwain Free Trade Zone (UAQ FTZ) is a strategic project of the Umm Al Quwain Government, seeking to encourage entrepreneurial initiatives and provide the necessary infrastructure for a successful business community.

Key Specifics

• quick company registration;
• mandatory audit;
• lots of options in regard to offices and warehouses;
• good ranking among the banks;
• new and fast-developing zone;
• minimum authorized capital is AED 300.000, which may differ for certain business activities;
• only one class of shares of AED 1.000 or a multiple amount each are allowed.

Registration Procedure

1. Choose a company name to be checked for availability (at least 2 names)
2. Define a company structure (director, shareholders, and manager)
3. Define the company’s license type aligning with its activities
4. Choose your office type: Flexi desk, E-Office, Executive office
5. Providing documents for directors / shareholders / attorneys (either originals or notarized copies)
6. Pay all the necessary fees
7. Sign the corporate documents
8. Get the originals and the company seal

Types of Office

Upon registration the company and the Free Zone authority sign an office lease agreement; the address of such office is considered the official registered office address of the company.

UAQ FTZ offers various office packages depending on the needs of clients in terms of type and number of licences, number of visas, the need for substance and placement in the Free Zone: from flexi desk and flexi office (a separate room or cell in the open space of first-class business centres) to warehouses and land plots.

Registration Period

10 days

Types of Licenses Issued in the Free Zone

• Industrial licence – enables the holder to carry on business related to manufacturing of goods, which includes importing raw materials, processing, manufacturing, assembling and packaging products, and exporting the finished product.
• General Trading licence – enables the holder to trade in goods, which includes importing, storing, warehousing, supplying and exporting various categories of permitted goods.
• Commercial licence – enables the holder to trade in goods, which includes importing, storing, warehousing, supplying and exporting permitted goods.
• Service licence – enables the holder to provide the type of services specified in the licence (for example, business consulting, marketing consulting, insurance, etc.).

To Register a Company:

The director can be an individual only (min – 1). The manager can be an individual only (min – 1).

Both individuals and legal entities can be shareholders (min – 1, max – 50). The company must have one secretary – either an individual or a legal entity.

No requirements as to the residence of director, manager, secretary or shareholder(s).

One person can simultaneously act as shareholder, director, secretary, manager and authorized representative of the company.

The company’s name should be unique.

Registration is executed in the English language.