Umm Al Quwain Free Trade Zone Company Setup Benefits


Umm Al Quwain Free Trade Zone Company Setup Benefits

 

Umm Al Quwain Free Trade Zone (UAQ FTZ) is located in the emirate of Umm Al Quwain a friendly, progressive and prosperous emirate with modern infrastructures situated in the north of UAE within 45 minutes from Dubai International Airport.

 

Setting up business in Umm Al Quwain Free Trade Zone is ideal for Micro Businesses, SME’s and Firms to do business in a safe and secure free trade zone environment and it is one of the most attractive places for your effective investment in the region.

 

THE BENEFITS

• 0% corporate and personal tax
• 100% company ownership
• Full range of business activities permitted
• 100% repatriation of capital and profits
• No currency restrictions
• 100% import and export tax exemption within the Free Zone
• Simple and fast registration process with excellent customer support
• Hi-tech facilities including office, warehouse and land availability
• Strategic location with access to over two billion consumers
• Ideal location for SMEs and micro-businesses
• Close to two international airports and major sea ports
• Special concessions at UAQ’s sea port
• No restrictions on hiring foreign employees
• Modern and investor-friendly rules and regulations

 

Umm Al Quwain Free Trade Zone also offers entrepreneurs a range of benefits that differ slightly from other free zones in the UAE. To help you decide if this free zone is best for your business here are the 6 key feature benefits we have compiled.

 

  1. Easy incorporation process – No annual audit is required but you’ll still be required to keep up-to-date accounts. If SMB’s and Entrepreneurs decide to make Umm Al Quwain their home are not required to put forward any share capital or provide details of shareholder experience or attestation for owners and shareholders.
  2. Fast and Easy setup process – Business realization two to three days and in some cases entrepreneurs can setup a shop here remotely without visiting the UAE.
  3. Variety of license options – Commercial license, industrial consultancy, service and freelance / micro business.
  4. No visa package – The option to apply for a license and set up a business without applying for – or even needing a visa.
  5. Open to a wide range of sectors – Open to businesses from a cross-section of industries including service, commercial, trade, manufacturing, technology, media, arts, insurance and travel. In combination to create a unique, collaborative working environment where entrepreneurs from different fields can learn from, assist and work with each other.
  6. Great for solo entrepreneurs and small businesses – For smaller budgets SME’s and solo entrepreneurs Umm Al Quwain Free Zone offers many advantage. Licences can be issued without entrepreneurs physical presence in the UAE and can also be turned around in a matter of days. Umm Al Quwain Free Zone issues freelance permits and micro business licences – at relatively little cost and with no requirement for having a physical presence within the free zone – entrepreneurs need not worry about all of the initial costs of forming a business and applying for a business licence (in the case of freelancers) and renting office space. For those who wish to set up a side business while still employed Umm Al Quwain Free Zone does not require entrepreneurs to provide a No Objection Certificate (NOC) from your current sponsor.

 

If you are planning for a business setup in Umm Al Quwain Free Zone (UAQ FTZ) it is better to consult first with an authorize company formation specialist so what are you waiting for Grab our Free Consultation offer today.

 

Related Article: Free Zone Options in the United Arab Emirates

 

 

 

 

Ahmed Saeed
Managing Director

Author

Ahmed Saeed;  Managing Director

Has breadth of knowledge within the Business Structuring, Investment and Wealth Management Industries. He has been working in these sectors for over a decade.

Ahmed prides himself on his extremely high level of client service together with his reliable, informative advice and guidance to ensure his clients achieve their Business Goals.