Business Setup in Umm Al Quwain Free Zone
Choose Your Business License
In Umm Al Quwain Free Zone, business licenses are classified into several types.
Consultancy License
Ideal for businesses offering professional advice or specialized services. This license allows companies to provide consultancy services within UAQFZ.
Premium Consultancy License
Similar to the Consultancy License but with added benefits and privileges. It offers enhanced features and services, making it an attractive option for businesses seeking premium status.
Freelance License
Designed for individual professionals or freelancers, this license enables them to operate as independent contractors within UAQFZ. It's suitable for freelancers in diverse fields, including consulting, design, writing, and more.
Service License
Businesses offering specific services, such as IT, marketing, education, or healthcare, can opt for a Service License. This license permits the provision of designated services within UAQFZ.
Commercial License
Ideal for companies engaged in trading activities, this license allows businesses to import, export, distribute, and sell goods within UAQFZ. It's a versatile option for trading enterprises across many industries.
General Trading License
Similar to the Commercial License but with broader trading capabilities. Businesses holding a General Trading License can trade in a wide range of products, offering flexibility and opportunities for expansion.
Required Documents and Steps to Obtain Your Business License
Securing a business license in UAQFZ has become easier than ever. Here's the process, along with the required documents:
- Identity Proof (Passport Copies) NOC
- Copies of Address Proof for Shareholders
- Personal Profile of the Shareholders
- Bank Statement of Shareholders
- Choose Your License Type
- Choose a Legal Structure
- Pick an Office Space
- Submit Application with Necessary Documents
- Pay Licensing Fee
- Obtain Your License
Business Entities Permitted in Umm Al Quwain Free Zone
When you set up your business in the UAQFZA, you’ll be required to structure it in one of several ways:
An FZE is a legal entity formed by a single shareholder. It allows for complete ownership by the shareholder and provides flexibility in business operations within UAQFZ.
An FZC is similar to an FZE but allows for multiple shareholders, with a minimum of two and a maximum of five shareholders. This structure is ideal for businesses with multiple owners hoping to establish a presence in UAQFZ.
A branch company is an extension of a parent company registered outside of UAQFZ. It enables the parent company to operate within UAQFZ under its existing name and legal structure. This option is ideal for established companies seeking to expand their operations into the free zone while maintaining their corporate identity.
Experience
MSZ Consultancy Can Help You with Your UAQFZ Business Setup Process
From business setup to navigating visa procedures, the experts at MSZ Consultancy are ready to help you. We’ll assist you with managing applications, handling paperwork, establishing legal structures, and staying on top of changing regulations. Our experts will work closely to tackle the day-to-day aspects of your business so you can focus on the more important parts of your business’s future. Let MSZ solve your biggest business woes.
