UAQ Company foundation in the free trade zone The Umm Al Quwain Free Trade Zone (UAQ FTZ) is a revolutionary and strategic initiative of the Umm Al Quwain government. The UAQ FTZ provides the necessary infrastructure and attractions for a prospering business world. The UAQ FTZ is situated close to the main UAE ports and only an hour’s drive from Dubai International Airport and Sharjah International Airport. So you have easy access to the rest of the world.
The Umm Al Quwain Free Trade Zone is a platform to engage micro-enterprises and companies with limited budgets. There are less difficulties regarding the required documents and the granting of special permits. Your main goal is to get your business up and running in the least possible time. The investor friendly environment of UAQ FTZ allows you to run a successful business in the UAE. The stable economy, open investment climate and low cost of living make Umm Al Quwain a strategic business destination.
Types of business licenses in UAQ FTZ
This enables the import, export, distribution and storage of elements specified in the license.
General commercial license
This allows the licence to trade in a wider range of activities and gives the freedom and flexibility to trade in goods permitted in the UAE.
This license is intended for companies providing expert or professional advice and is aimed at all types of professionals, including craftsmen and tradesmen.
In this way, the company can import raw materials, manufacture, process, assemble, package and export the specified products. This allows the owner to import raw materials for the manufacture, processing and assembly of specific products.
This license is intended for service providers. It allows the execution of the services specified in the licence within the Free Zone, such as logistics, courier services, travel agency, car rental, etc.
This enables a person to work as a freelance professional. The freelance permit is aimed at people who work in the fields of technology, media and film. It is granted for talent, creative and selected administrative tasks.
Information on the set-up costs for UAQ Free Zone companies:
Setting up a business in the Umm Al Quwain Free Zone begins at AED 13,500.
Advantages of the UAQ Free Trade Zone Company
- 0% Corporation and personal tax
- 100% company ownership
- 100% repatriation of capital and profits
- No share capital requirements
- 100% import and export tax exemption within the free zone
- Comprehensive business activity permitted
- Simple and fast registration process
- Office, warehouse and property availability
- Close to two international airports and major seaports
- Investor-friendly rules and regulations
- Ideal location for SMEs and micro-enterprises
If you have decided to start a business in the Umm Al Quwain (UAQ) Free Trade Zone, we will help you. Our business design techniques, combined with your industry expertise and global reach, enable us to be the best in the industry. Contact us today. We will be happy to help you.