There are more than 40 specialised free zones in the United Arab Emirates, allowing foreign investors and expatriates to own their companies fully. These zones stand out for having extremely effective services and infrastructure, which facilitate smooth operations and save businesses a tonne of time and effort. Umm Al Quwain Free Zone is one of the UAE emirates with a steadily expanding economy. The Umm Al Quwain company setup is suitable for start-ups and offers the necessary resources for various other commercial endeavours.
The Umm Al Quwain Free Trade Zone offers a completely remote system for starting a business in the Umm Al Quwain Free Zone. Rather than going to the free zone, investors can hire a PRO business consultant and make other arrangements.
UAQ (Umm Al Quwain) Free Zone Business Setup
The Umm Al Quwain (UAQ) Free Zone is a great place to start a business. It is known for its seaport, a key location for international trade and investment close to the Free Zone. This location’s strategic advantage and state-of-the-art infrastructure will allow business owners to access the global market easily.
Since its founding, the Free Zone has undergone several changes that have made it an excellent place for new enterprises to establish themselves and for established ones to grow. Apart from its excellent location, conducting business in the Umm Al Quwain Free Zone offers numerous advantages, including tax rebates, expedited registration, and government support.
Benefits of Umm Al Quwain Free Zone Business Setup
- Simple choices for leasing
- Permitting 100% foreign ownership
- Easy and quick company registration
- The ability to employ foreign workers
- No minimum capitalisation requirement
- Perfect place for small and medium-sized enterprises
- Regulations and policies that are favourable to investors
- Complete exemption from personal and business taxes
Types of Licences Required for Business Set Up in UAQ
Commercial Licence
Commercial licenses are offered to companies that buy and sell items within or outside the United Arab Emirates. Licenses for commerce permit the importing, exporting, storing, and distributing the goods listed on the license.
General Trading Licence
A general trading license is considered a business license. This allows the licensee the freedom and flexibility to trade in any commodity within the United Arab Emirates, allowing them to engage in a larger range of operations.
Service Licence
The United Arab Emirates presents significant prospects for service providers, with the services sector serving as a primary catalyst for the country’s economic expansion. Service licenses in the UAQ Free Trade Zone facilitate service providers’ incorporation, marketing, and distribution.
Freelance Permit
If they have a freelancing license or work permit, an individual can work as a freelance professional and conduct business under their birth name rather than a corporation or brand name. This license is intended for people working in the media, technology, and film industries and is given to people in talent, creative, and administrative jobs.
Industrial Licence
If a firm established in the United Arab Emirates is engaged in manufacturing and production—the conversion of raw materials into final goods—it will require a business license. Industrial licenses require a physical office or warehouse, and the UAQ Free Trade Zone provides leasable land units with the lowest operating costs for enterprises in this area.
AIMS UAE - The Best Business Setup Partner in UAQ Free Zone
Considering all the aspects and advantages, the Umm Al Quwain Free Zone is one of the best places to set up your business. Due to its advantageous location and numerous advantages, the area has become increasingly popular with foreign investors. A certified business setup specialist should be consulted if you intend to establish your company in this Free Zone. AIMS UAE will ensure that you have no issues forming your company and will guide you through the company registration process.
