Free zones are appealing propositions for companies looking to set up or expand their business in the UAE. But not every free zone is the same. With so many free zones popping up within the UAE, the Umm Al Quwain free zone is attracting investors from all around the world.

Situated in the emirate of Umm AL Quwain (located just 45km from Dubai), the UAQ free zone offers all the right incentives:

• Offering 0% personal and corporate tax
• 100% company ownership
• 100% repatriation of profits and capital
• No currency restrictions
• Within the free zone – 100% import and export tax exemption.

Umm Al Quwain free zone also offers businesspersons and entrepreneurs several benefits that vary slightly from others in the region. So, if you are inclined towards the idea of free zones and considering your options, here are some more reasons why you should choose Umm Al Quwain for kick-starting or expanding your venture. 

• Hassle-Free Incorporation Process

When you choose business setup in the UAQ free zone, you don’t have to put forward any share capital or provide an attestation for owners and shareholders. In addition, you will be exempted from the hassle of an audit.

However, you have to keep current and up-to-date accounts. As the entire incorporation process doesn’t revolve around laborious paperwork, you don’t need to present a formal business plan.

• Easy and Quick Setup

In most cases, businessperson or entrepreneurs can set up their business remotely without visiting the UAE. The company formation in the UAQ Free Zone can take place in as little as two to four days. There are not many places in the world where you can think about setting up a business in such a short period.

• Variety of License Options

The licensing options you have is one of the major reasons that make the UAQ free zone an enticing and lucrative proposition when looking to set up a business in the UAE.

The UAQ free zone allows you to set up with many license types: General Trading License, Micro Business License, Consultancy License, and Freelancer Permit.

• Strategic Location

Undoubtedly, the location of the Umm Al Quwain free zone is one of the biggest selling points. You will be able to benefit from the cheap costs of living and labor. It is also perfectly placed to do business with millions of prospective customers across the MENA region and the European, Far East, and subcontinent markets.

When setting up the business in the UAQ free zone, you will get easy access to Dubai International Airport and Sharjah International Airport, both of which are less than one hour’s drive away. This free zone also enjoys access to some of the major seaports of the UAE.

• No Visa Package

Probably the most intriguing offerings at the UAQ free zone is that you have the option to apply for a license and set up a business without applying for a visa. This is great for small businesses or individuals who want to set up with low capital and don’t need a permanent physical presence anywhere in the UAE.

Setting up your Business in the UAQ Free Zone

There are several steps that need to be undertaken; some complicated ones, some not so complex ones. Firstly, you need to choose your business activity. Then you have to decide the company name, complete and file your registration paperwork with the relevant authorities, open a bank account, and apply for any visas that may be required.

The specifics of this process depend greatly on the type of license you apply for and the type of business you want to operate. That’s why before starting any of these steps, it is better to take assistance from a business setup consultancy firm that will guide you through every part of the process of business setup in the UAQ free zone