Location

:

Umm Al Quwain

Established in

:

April 1998

Distance

:

55 kms from Dubai International Airport

Size of the Zone

:

118,000 sq. mtrs.

Facilities Offered

:

Office Units

Land

Rental per annum

:

US $ 6,812

US $ 5.45 per sq. meter for constructed area and US $ 1.36 per sq. meter for pen area per year. The investor can construct the factory unit according to his requirements, however, subject to the approval of the Free Zone Authority.

Lease Period

:

One year

15 years; renewal for similar period

Types of companies which can be formed

:

Branch of UAE Company

Branch of Foreign Company

Capital-cash physical

None

None

No. of Shareholders

:

-

-

Formation Fee

:

None

None

Types of licenses issued

:

Special Licence
(Industrial Licence)

General Trading Licence

Management & Consultancy
(Except shipping agencies)

License fee

:

US $ 545

US $ 1362

US $ 1362

Activities allowed

:

Manufacturing, Trading and Consultancy

Port facilities

:

Ahmed Bin Rashid Port (feeder vessel), Ports in Sharjah

Ownership

:

100%

Visas

:

4 visas for office unit. However, no restriction for industrial/assembly units operating in leased land as required for the activity.

Company formation period

:

3 – 4 days