Umm Al Quwain free zone is an ideal location for startups, SMEs, and conglomerates since it offers one of the most appealing conditions for productive investment in the UAE. The free zone is an extremely profitable site for company formation near the Umm Al Quwain seaport. When setting up your company in UAE, it is critical that you choose a business location that helps you maximize your trading activities with its strategic geographical presence and Umm Al Quwain free zone is the gateway to the global market.
The Umm Al Quwain (UAQ) free zone is ideally located for trading and starting a business in the United Arab Emirates. It is only an hour’s drive from both Sharjah International Airport and Dubai International Airport. Young business enthusiasts and aspiring entrepreneurs have many options and benefits thanks to the UAQ free zone’s advantageous location for outreaching international markets.
In addition to its strategic location, Umm Al Quwain free zones provide other benefits to attract investors from all over the world for company setup in Umm Al Quwain at much lower fees than other free zones in the United Arab Emirates. Some of the key benefits of business setup in UAQ FTZ include:
- 100% foreign ownership of the business
- 100% repatriation of capital and profits
- 100% exemption from import and export tax
- No corporate and personal income tax
- No requirement for physical presence during the time of incorporation and renewal of the business license
- No NOC from the present sponsor to register the company
- No Audit report required
- several options for warehouses, land, and office space
- No Visa deposit required
- The quick and easy business registration process with flexible company regulations
- Freedom to hire foreign employees
- No currency restrictions
- Dual Umm Al Quwain Free Zone license
You can get a dual Umm Al Quwain Free Zone license – it’s an unmatched deal from UAQ Free Zone, and you will not find this feature in any other free zone. How does dual licensing work? You can start a business with a license from one category and add a business license from a different category for just 2,500 AED. For example, you can start a trading business in UAQ FTZ and get a consultancy services license as well for any future endeavors.
UAQ FTZ offers a wide variety of competitive business services for start-ups, medium-sized businesses, and large company concerns as a one-stop shop solution for all business needs. The registration and renewal fees for businesses are extremely affordable at UAQ FTZ. License costs for the Umm Al Quwain Free Zone start at just AED 786 per month. In Addition, UAQ FTZ assists SMEs in obtaining financial assistance and access to straightforward and convenient banking solutions that more effectively address business needs.
So, if you want to start a new business in UAQ FTZ, you can get all the assistance and support from our qualified business consultants with company setup in Umm Al Quwain. Socialite Consultancy Services is a leading business consulting service provider in Dubai and can help with all your business endeavors in the country. Give us a call to talk to one of your experts.