Umm Al Quwain Free Trade Zone (UAQ FTZ)
Prices starting from AED 8,000 | Average business setup timeframe 2 business days
About Umm Al Quwain Free Trade Zone
Umm Al Quwain FTZ for a forward, entrepreneur-friendly zone aimed primarily at SMEs, sectors, and sub-sectors, which will profit from lower startup costs, 100% firm ownership, and no currency constraints. Dubai International Airport is about 45 minutes distant from of the Umm Al Quwain Free Zone. UAQ FTZ is conveniently located the UAE’s main ports, which are both just over an hour’s drive from Dubai International and Sharjah International Airport, allowing for quick access to the rest of the world. There seem to be a variety of packages available, ranging from zero visa companies to 1,2, or 3 visa choices. Even if you begin with such a plan with no visas, you can increase at any moment.
Packages can be reduced if you want to save money over the long term. Investment advantages including such 100% foreign investment, 0% corporate and personal tax, 100% return of money and profits, no exchange control, and no limitations on participation in either industry also show our openness to international investors. You’ve come to the right place if you’re seeking a strong, clear, and modern legal framework, an enabling business climate, cheap living and labour costs, and quick access to trading partners in the Middle East, Africa, and Asia.
- There is no business or personal tax.
- 100% ownership of the business.
- Capital and earnings are fully repatriated.
- There are no minimal equity shares requirements.
- Within the Free Zone, all exports and imports taxes are free.
- A wide range of business activities is authorised.
- The signup process is easy and fast.
- Office, warehouse, and usable land are all accessible.
- Two international airports and major seaports are nearby.
- Investor-friendly regulations and rules.
- SMEs and segments and sub will prefer this location.
This permits the import, export, marketing, and keeping of commodities listed upon on licence. Three different product lines or ten similar product lines could be included in a commercial licence.
General Trading License
This permits the licensee to participate in a broader variety of different applications and trade in any product authorized in the UAE. Because virtually all categories of products may be traded (except tobacco, alcohol, pharmaceuticals, and crude oil), it's indeed popular amongst global dealers.
The list of commercial operations is fairly extensive. It is divided into the following sections.
Each licence can contain up to three unconnected commercial activities or ten linked ones. Per licence, the consultancy sector makes use of two commercial activities. You can get a dual Umm Al Quwain Free Zone licence, that is an unbeatable UAQ Free Zone deal. And what’s the mechanism behind it? For 2,500 AED, customers can set up a company with one category licence and then add another licence from a separate situation. For instance, suppose you start a trading business and then add a consultancy licence on top of it. The UAQ freelancing setup has a lot of activity for creative people, and it’s worth comparing this to the Dubai Freelance licence to make the correct choice.