Umm Al Quwain Free Zone Business Setup Consulting

Umm Al Quwain Free Trade Zone (UAQFTZ)

Umm Al Quwain Free Trade Zone (UAQFTZ)

Umm Al Quwain Free Trade Zone (UAQ FTZ) is one of the strategically located free zones in the heart of UAE. It is located within one-hour drive from Dubai International Airport and Sharjah International Airport. UAQ FTZ is based on the primary seaport in the country and provides an investment friendly, industry focused center for startups and international companies.

Umm Al Quwain free zone has the ideal set up for startups, SMEs and Conglomerates as it provides one of the most attractive environments for effective investment in UAE. An UAQ FTZ company gets to leverage on 0% personal and corporate tax, 100% foreign ownership and repatriation of capital and profits, and no investment restrictions in any sector!

At My Business Consulting DMCC, we provide personalized consultancy, support, and management services to our clients who want to incorporate in Umm Al Quwain industrial area or free zones around the UAE. Our approach to consultancy in inception, licensing, creating an ideal corporate structure, and more can help you take the right steps in business in UAE.

ADVANTAGES OF BUSINESS SETUP IN UMM AL QUWAIN FREE TRADE ZONE

TYPES OF LICENSE

SETUP YOUR BUSINESS IN UMM AL QUWAIN FREE TRADE ZONE TODAY!

Let My Business Consulting DMCC assist you with the company formation in Umm Al Quwain Free Trade Zone or any other free zone across the UAE. We provide the consultation and support you need to successfully start, register, and do business in the UAE with the best facilities and corporate structure that helps your business grow.

We also provide support for opening personal or corporate bank accounts, obtaining residence visa, getting attestations of official documents, and more! Get in touch with us today to find out more about Umm Al Quwain Free Trade Zone fees or general information on starting a business in UAE!

Calculating Your New Free Zone Company in Umm Al Quwain Free Trade Zone (UAQFTZ)

The most important factor in creating a viable business plan for a start-up company is understanding the initial costs. This page is a run through of General Cost for setting-up a company in Umm Al Quwain Free Trade Zone (UAQFTZ), per expenses as follows:

1.Type of License

Each activity of a company, falls under a specific type of License. Cost per license type includes: Initial Approval, Registration, License and Facility.

1st year 2nd year
Micro Business License (excluding facility and visa) AED 13,500 AED 11,500
Smart Business License – 1 Visa eligibility (for Investor only) AED 16,500 AED 14,500
Regular Trading/Consultancy License (2 visas) AED 20,500 AED 18,500
Premium Consultancy License (3 visas) AED 32,500 AED 30,500
General Trading License (3 visas) AED 27,500 AED 25,500

Note:
Fees are the subject for additional 5% Value Added Tax (VAT).
Additional fee of AED 250 AED might apply if the selected license requires pre-approval.

2. Type of Facility

Eligibility of visas are directly related to the office space.

VISA ELIGIBILITY
Flexi Desk for Micro No Visa
Flexi desk for START-UP package 1 Visa (For Investor Only)
Flexi Desk for Trading/ Consultancy 2 Visas
Flexi Desk for Premium or General Trading 3 Visas

Note: Fees are the subject for additional 5% Value Added Tax (VAT).

3. Residence Visa in UAQFTZ

SERVICES FEES (AED)
Investor Visa Fees (Valid for 3 years) 2,500
Employment Visa Fees (Valid for 2 years) 2,200
Visa Status Change 1,200
Medical Test, Emirates ID & Photo 1,240
MBC Service Fees 2,500

Note:

  • Fees are the subject for 5% Value Added Tax (VAT).

  • Company must be registered with the Immigration E-channel, if it is not, then the cost for registration will be 2,150 AED and 5,000 AED for the deposit, which will be refunded in case of company liquidation.

4. My Business Consulting DMCC Service Packages

COMPLETE BUSINESS SETUP PACKAGE
  • Corporate Consultancy

  • Day to day update regarding the full process

  • Obtaining Initial Approval: Company name; Activity; Shareholder's structure

  • Obtaining Registration of Company

  • Facility Arrangement/Coordination

  • Obtaining Licensing

  • Obtaining Establishment Card

  • Documents Attestation with chosen authority

  • Free document expiration notification after 1 year

Service Fee - 4,000 AED

Additional Fees:

  • Subsidiary/ Branch – 2,500 AED for Corporate Due Diligence

  • NOC from 3rd party (if required) – starting from 500 AED

After obtaining the license and establishment card of the company, you may process the UAE Residence Visa or Bank Account Opening by yourself, however, shall you require professional assistance of My Business Consulting – kindly upgrade your Package.

UPGRADE
YOUR BUSINESS SETUP PACKAGE
BANK ACCOUNT OPENING SERVICES UAE RESIDENT VISA SERVICES
  • Assessment of Individual/Corporate Background

  • Preparation of Required Documents with a Company Profile specially designed for banks

  • Coordination with Relationship Officer before Account Opening Application Meeting

  • Scheduling Meeting with Relationship Officer

  • Full Assistance during Bank Account Opening Application and Interview

  • Follow-up of Account Opening

  • Regular Updates

  • Introduction of Official Relationship Manager

  • Assessment of Individuals Documents

  • Review of Required Documents

  • Obtaining Entry Permit

  • Typing for Medical Test and Emirates ID

  • Full Assistance in Medical Test, including transfers

  • Full Assistance in EID Biometrics, including transfers

  • Obtaining Visa Stamping

  • Collection of Emirates ID

  • Free document expiration notification after 3 years

+ 7,500 AED
Service Fee
+ 2,500 AED
Service Fee
Please note that My Business Consulting DMCC will accept and provide Bank Account Opening assistance only to those companies whose shareholders are holding UAE Residence Visa and are having similar business activity (as to what is proposed) in their home country.

Note:
Fees are the subject for additional 5% Value Added Tax (VAT).
COMPLETE BUSINESS SETUP PACKAGE
  • Corporate Consultancy

  • Day to day update regarding the full process

  • Obtaining Initial Approval: Company name; Activity; Shareholder's structure

  • Obtaining Registration of Company

  • Facility Arrangement/Coordination

  • Obtaining Licensing

  • Obtaining Establishment Card

  • Documents Attestation with chosen authority

  • Free document expiration notification after 1 year

Service Fee - 4,000 AED

Additional Fees:

  • Subsidiary/ Branch – 2,500 AED for Corporate Due Diligence

  • NOC from 3rd party (if required) – starting from 500 AED

After obtaining the license and establishment card of the company, you may process the UAE Residence Visa or Bank Account Opening by yourself, however, shall you require professional assistance of My Business Consulting – kindly upgrade your Package.


UPGRADE
YOUR BUSINESS SETUP PACKAGE
BANK ACCOUNT OPENING SERVICES
  • Assessment of Individual/Corporate Background

  • Preparation of Required Documents with a Company Profile specially designed for banks

  • Coordination with Relationship Officer before Account Opening Application Meeting

  • Scheduling Meeting with Relationship Officer

  • Full Assistance during Bank Account Opening Application and Interview

  • Follow-up of Account Opening

  • Regular Updates

  • Introduction of Official Relationship Manager

+ 7,500 AED
Service Fee
Please note that My Business Consulting DMCC will accept and provide Bank Account Opening assistance only to those companies whose shareholders are holding UAE Residence Visa and are having similar business activity (as to what is proposed) in their home country.

UAE RESIDENT VISA SERVICES
  • Assessment of Individuals Documents

  • Review of Required Documents

  • Obtaining Entry Permit

  • Typing for Medical Test and Emirates ID

  • Full Assistance in Medical Test, including transfers

  • Full Assistance in EID Biometrics, including transfers

  • Obtaining Visa Stamping

  • Collection of Emirates ID

  • Free document expiration notification after 3 years

+ 2,500 AED
Service Fee
Note:
Fees are the subject for additional 5% Value Added Tax (VAT).