UAQ Free Trade Zone Business Setup & 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.