UAQ Free Zone Business Setup
Umm Al Quwain Free Zones
UAQ Free Zone is the smallest and latest free zone in UAE with all the same facilities that other free zones are trying to provide you. It is situated in the Emirate of Umm Al Quwain(UAQ). This is a very lucrative location for trading and other business setups in UAQ. As this free zone offers 100% tax exemption for importing and exporting and 100% foreign ownership with no restriction on currencies, it is considered to be the perfect place for entrepreneurs, SMEs, microbusinesses, and foreign investors. Among all other free zone business setup in UAE, Umm Al Quwain free zone business setup is really safe and secure with lots of benefits.
One of the main benefits of business setup in the UAQ free zone is that it is very easy to connect with international markets as it is situated near to the seaport and international airport. Umm Al Quwain free zone companies are mainly engaged in importing and exporting business activities. You can contact our professional business setup consultants to set up your business in UAQ free trade zone cost-effectively with all the facilities.
Benefits of UAQ Free Zone Business Setup
- Complete tax exemption (corporate and personal tax)
- Fast Easy company registration and incorporation process
- Investor-friendly rules and regulation
- No minimum capital is required
- No annual audit
- Customer-friendly approach
- The company can hire employees
- 100% foreign ownership
- User-friendly and cost-effective leasing option available
- No currency restrictions
- Company registration can be done without the direct presence of the owner
- Low-cost residence visas are available
- Professional services and trading activities can be combined in one license
- 100% retention of capital and profits
- Flexibility and ease of doing business
- Licenses for various activities at a cheaper price
- Special concession for trading companies by the seaport authorities
Umm Al Quwain Free Zone Licenses
The following are the different types of license available in UAQ Free Zone according to different business activities:
- Commercial License
- Consultancy License
- General Trading License
- Premium Consultancy License
- Premium Commercial License
- Freelance License
- Industrial License
How to Get UAQ Free Trade Zone License?
Check out the following steps included in setting up a business in Umm Al Quwain Free Zone:
Find out the license type you require:
You have to decide which business license you require according to your business activity you are planning to do.
Choose the legal company form:
There are different business entities or legal company forms in UAQ free zones and you can choose any from the following:
- Free Zone Establishment(FZE) or single shareholder company
- Free Zone Company(FZC) or multiple shareholder company
- Branch of Existing company
Select the facilities you require:
With respect to your business activities, you can select and decide on the office space, warehouse, and other amenities.
Submit the documents:
After deciding what all facilities you require, the next step is to collect and submit the documents to the free zone authorities.
License fee payment:
As per the notification from the authorities you have to pay the actual UAQ free zone license fees.
Get the license and establish your company:
After the document submission and payment, the Umm Al Quwain free zone authority will issue the license and you can kick start your business as soon as possible.
At Bytes, we have a team of business setup professionals to guide you in all the above procedures and help you in getting the license without any delay. If you are looking to setup a business in UAQ free trade zone, you can contact us any time and talk with our consultants. Contact us soon!