Advantages
- UAE’s most affordable free zone option — packages from AED 5,500
- Business setup with visa from AED 12,500 — most competitive price point in UAE
- Add a second licence category for just AED 2,500
- Banking support included in some packages
- 100% foreign ownership with tax exemptions
Disadvantages
- – UAQ is UAE’s least-developed emirate — very limited business infrastructure
- – Banking access is very limited; need to use Dubai or Abu Dhabi banks
- – Least prestigious UAE free zone address
Setting Up a Company
Very Easy (5/5)
Cheapest and simplest free zone in UAE. Fast setup in 2–5 business days. Best for budget-focused entrepreneurs who don’t need a prestigious address.
Opening a Bank Account
Very Hard (1/5)
UAQ has virtually no banking infrastructure. Companies must travel to Dubai/Abu Dhabi for banking. Some neo-banks (Wio) accept UAQ FTZ entities online.
Frequently Asked Questions
How much does it cost to set up a company in UAQ FTZ?
Licence from AED 5,500; business setup with visa from AED 12,500. Additional licence category for AED 2,500.
What business sectors are supported by UAQ FTZ?
Umm Al Quwain Free Trade Zone supports the following sectors: Trading, E-commerce, Consulting, Manufacturing, Media. Businesses in these industries can obtain a licence and operate within the free zone.
Is it easy to open a bank account with a UAQ FTZ licence?
UAQ has virtually no banking infrastructure. Companies must travel to Dubai/Abu Dhabi for banking. Some neo-banks (Wio) accept UAQ FTZ entities online.
Does UAQ FTZ require a physical office?
No, a physical office is not mandatory. Flexi-desk and virtual office options are available. Virtual office and flexi-desk available. Physical offices also available.
How many visas can I get through UAQ FTZ?
Visa quota at Umm Al Quwain Free Trade Zone: Based on package; typically 1–6 visas.