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Umm Al Quwain Free Trade Zone (UAQ)

 

Umm Al Quwain free zone is an immensely gainful location for a business located near the seaport of Umm Al Quwain. Umm Al Quwain (UAQ) free zone is an hour’s drive from Dubai International Airport and is an ideal place for trading and setting up your business in the UAE. Owing to its strategic geographical location, UAQ free zone has a lot of opportunities and perks for young business enthusiasts and emerging entrepreneurs.

Umm Al Quwain Free Zone Authority manages the free zone, supported by the Umm Al Quwain government which authorizes it to incorporate companies with trade license. The companies which exist at present in UAQ free trade zone are involved mainly in exporting and importing activities. If you set up your business in UAQ free zone you have easy access to the rest of the world due to the transportation facilities available in the region.

Free Zone in Umm Al Quwain

The most notable free zone in Umm Al Quwain is the Ahmed Bin Rashid Port & Free Zone.

It was established in 1998 and is located on the West Coast of the United Arab Emirates. It was developed to promote the dynamic growth of the region and serve as a global trade center for local and foreign investors. Since its inception, passing through extensive developments, Ahmed Bin Rashid Free Zone has risen as a flawless opportunity for the establishment of startups and expansion of the already established businesses in the UAE.

Advantages of Business Setup in Umm Al Quwain Free Zone

Umm Al Quwain free trade zone provides the following business perks for companies:

  • - Quick and easy registration and incorporation
  • - Total exemption from corporate and personal tax
  • - Freedom to hire foreign employees
  • - Companies can start with no minimum capital requirement
  • - Friendly rules and regulation for investors
  • - 100% retention of capital and profits earned by the company
  • - Easy company registration process and flexible rules for company registration in UAQ
  • - Leasing option is user-friendly, and 100% foreign ownership of the company is allowed
  • - Seaport authorities at the Umm Al Quwain free zone provide a concession for trading companies
  • - Employees or other staff of a company need not deposit their visa at the time of joining
  • - Supportive government for all legal business activities especially for SMEs and micro-businesses

Umm Al Quwain Free Zone License Types

UAQ free zone authority encourages all types of legal business activities in the free zone region but every business company needs to obtain a type of trade license in accordance with the business they are involved in. Umm Al Quwain free zone license fee can differ from license to license. UAQ free zone has certain types of licenses for different types of business activities:

1. Trading License

A trade license is further divided into 2 categories: commercial license and 

  • Commercial License: This license gives one access to deal in commodities which are specified in the license. The dealer can handle and trade in 3 different product lines or 10 similar product lines, as authorized in the license.
  • General Trading License: This type of license grants authorization to much wider trading prospects and more number of product lines for a business. A business that has a general trading license can indulge in almost all trading products except for tobacco, alcohol, pharmaceuticals and crude oil.

2. Consultancy License

People who offer professional services for other businesses and consumers can go for a consultancy license in Umm Al Quwain FTZ. This type of professional license is a real benefit for all type of professionals like artisans, teachers, and lawyers.

3. Premium Consultancy License

Agencies like real estate, tourism, oil & gas engineering, aviation, financial, legal, and investment consultants can carry out their professional activities by getting a premium consultancy license.

4. Freelance License/Permit

UAQ free zone also provides a business opportunity to freelancers by issuing a freelance permit license. This helps freelancers carry out their business and professional activities and earn a living. A freelance permit is designed taking into consideration individuals who operate in the media and film sector, technology sector, creative, and talent roles.

5. Service License

A service license allows a company to provide services like car and bike rentals, tourism service, transport, and logistics, or any other service mentioned in the license.

For more information and enquiries, please (Contact Us) at  00971558879700 or email us at info@sterlingheightsuae.com

   

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