UAQ Free Trade Zone Company Formation : UMM AI Quwain Emirate (UAQ) is at a distance of about 45km from Dubai. It is considered to be a prosperous and progressive emirate having modern infrastructure. The investor friendly environment of UAQ FTZ allows you to establish a successful business in the UAE. Easy and quick licensing and registration procedure is also offered by the UAQ FTZ.

Few of the crucial economic factors for UAQ to project itself as a wonderful investor destination are because:

• Low living cost.
• Lower office rents and land prices.
• Competitive and affordable handling charges.
• Raw materials easily available.
• Open investment environment.
• Stable economy.
• Modern infrastructure.
• Easy access to Dubai, Ras AL Khaima and Sharjah.

What benefits are offered to companies setting up in UAQ Freezone?

• UAQ sea port offering special concessions.
• No restrictions imposed on employing foreign staffs.
• Proximity to micro-businesses and SMEs.
• Investor friendly regulations and rules.
• Strategic location providing access to 2+ billion consumers.
• Warehouse, office & land availability.
• Fast and simple registration procedure.
• No restrictions on currency.
• There is permitted complete range of business related activities.
• 100% export and import tax exemption inside the Freezone.
• 100% capital & profit repatriation.
• 100% company ownership.
  0% personal and corporate tax.

Three options are provided to set up businesses in UAQ FTZ:

• Branch: Of any existing organization.
• FZC (Free Zone Company): 2 & to about 50 shareholders.
• FZE (Free Zone Establishment): Suits single shareholder.

UAQ Free Trade Zone packages

• Consultancy License: This is meant for those entities offering professional or expert advice and issued to professionals of all types including craftsmen and artisans. Permitted till two similar activities.
• General Trading License: With the license, it becomes easier to trade in different types of activities, as well as provides flexibility and freedom to trade in permitted commodities within the UAE.
• Commercial License: It authorizes storing, distribution, export and import of license specified items. The Commercial License is permitted to have 10 similar types of product lines or three different types of product lines.
• Freelancer Permit: It allows the individual to work as freelance professional.
• Micro Business License: No visa is currently available for this type of License.