UMM AI QUWAIN EMIRATE - UAQ COMPANY FORMATION
UAQ Free Trade Zone Company Formation : UMM AI Quwain Emirate (UAQ) is approximately 45km away from Dubai. Moreover, it is recognized as a prosperous and progressive emirate with modern infrastructure in place. Additionally, the investor-friendly environment of UAQ FTZ provides an opportunity for you to establish a successful business in the UAE. The UAQ FTZ also offers an easy and quick licensing and registration procedure.
Few of the crucial economic factors for UAQ to project itself as a wonderful investor destination are because:
- Low living cost.
- Lower office rents and land prices.
- Competitive and affordable handling charges.
- Raw materials easily available.
- Open investment environment.
- Stable economy.
- Modern infrastructure.
- Easy access to Dubai, Ras AL Khaima and Sharjah.
What benefits does UAQ Freezone offer to companies setting up?
- UAQ sea port offering special concessions.
- No restrictions imposed on employing foreign staffs.
- Proximity to micro-businesses and SMEs.
- Investor friendly regulations and rules.
- Strategic location providing access to 2+ billion consumers.
- Warehouse, office & land availability.
- Fast and simple registration procedure.
- No restrictions on currency.
- Moreover, there is permitted complete range of business related activities.
- 100% export and import tax exemption inside the Freezone.
- 100% capital & profit repatriation.
- 100% company ownership.
0% personal and corporate tax.
Three options are provided to set up businesses in UAQ FTZ:
- Branch: Of any existing organization.
- FZC (Free Zone Company): 2 & to about 50 shareholders.
- FZE (Free Zone Establishment): Suits single shareholder.
UAQ Free Trade Zone packages
- Consultancy License: It is designed for entities that provide professional or expert advice . Likewise, professionals of all types, including craftsmen and artisans, receive this issuance. Furthermore, it encompasses a diverse range of professions, making it applicable to various skilled individuals. Additionally, we tailor the issuance of this category to accommodate the specific needs and qualifications of professionals, ensuring a comprehensive and inclusive framework. Permitted till two similar activities.
- General Trading License: With the license, it becomes easier to trade in different types of activities, as well as provides flexibility and freedom to trade in permitted commodities within the UAE.
- Commercial License: It authorizes the storage, distribution, export, and import of license-specified items. Furthermore, the Commercial License permits encompassing either 10 similar types of product lines or three different types of product lines.
- Freelancer Permit: Furthermore, it enables the individual to work as a freelance professional. Moreover, this offers flexibility and independence in pursuing professional opportunities.
- Micro Business License: However, at present, no visa is available for this type of License. This limitation should be considered when exploring options for business setup.