Type of company:
company where the liability of its shareholders limited by the Memorandum to the amount, if any unpaid on the shares held by them.
License:
Commercial (tree different product lines or 10 similar product lines), Consultancy, Premium Consultancy, Service, Micro Business, Freelance Permit, Industrial licenses. General Trading license can be issued.
Share capital:
the minimum share capital is AED 300,000. However, UAQ Free Trade Zone do not require proof of share capital during the licensing process.
Restrictions on activities:
large list of activity
Shareholders and directors:
shareholders may be an individual and/or company. Maximum 50 shareholders are allowed. Corporate director is not allowed. There are no restrictions on the number of directors. Manager is also required – A Manager can be a shareholder / director / or none of the previous. There are no residency requirements for shareholders/ directors/ manager.
Office:
premium office required.
Visas:
the companies entitled to one, two or three visas depends on type of license.
Accounting:
the director or the directors as relevant shall prepare for each financial year a) a balance sheet as at the last day of the year; and b) a profit and loss account. An Annual Audit report does not require
Advantages of company in UAQ FTZ:
– no taxation;
– no exchange control and regulation;
– full range of business activities;
– high level of confidentiality. List of directors and shareholders is closed and can be disclosed only in accordance with the decision of the court;
– strategic location close to two international airport and major sea ports;
– special concession at UAQ’s sea port;
– hi-tech facilities including office, warehouse.
For more information please do not hesitate to Contact us
Walton Consultants DMCC
Attachment
UAQ FTZ price.pdf