Umm Al Quwain Free Zone For Cheapest Business Formation In UAE

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Umm Al Quwain Free Zone For Cheapest Business Formation In UAE

Umm Al Quwain Free Zone

Umm Al Quwain Free Zone is a government organised platform for new business formation with cheap price. This business zone is located in Umm Al Quwain Free Trade Zone (UAQ FTZ). The business area has a very friendly, prosperous and progressive environment.

Umm Al Quwain Free Trade Zone (UAQ FTZ) is located in Umm Al Quwain, a friendly, progressive and prosperous emirate with modern infrastructure. Renowned for its desert landscape and unique flora and fauna. Also it is a popular leisure destination within the United Arab Emirates (UAE) and is located just 45km from Dubai.

11 Reasons To Choose Umm Al Quwain Free Zone

1. Convenient Location

2. Global Reach

3. Stable Economy

4. Open Investment Climate

5. Low Costs of Living

6. Cheap Labor Cost

7. Close to Sea port

8. One hour’s drive to Dubai International Airport and Sharjah International Airport

9. Investor-Friendly Environment

10. 100% company ownership and zero currency restrictions

11. With easy reach make a strategic business base with the MENA region, Subcontinent, Far East and European markets

UAQ FTZ Offers:

  • Flexibility and ease of doing business
  • Customer-friendly approach
  • Investor-friendly climate
  • Excellent growth opportunities
  • Cost-effective leasing options for office space and warehousing

Umm Al Quwain Free Zone For Cheapest Business Formation In UAE

License 

Trading License

Umm al Quwain Free Zone provides two types of license namely Commercial License and General Trading License.

Commercial License

Commercial License is provided for importing, exporting, distributing and storing products that are mentioned on the license. Also in this type of license you can have either three different product lines or ten similar product lines. 

General Trading License

With a General Trading License the business person can do trading in a wide of activities. In addition you have the freedom to trade in any commodity but it must be permitted in the UAE. 

Note: Commodities which require special approval or clearance from various UAE authorities e.g. explosives and armaments cannot be traded with a General Trading license.

Industrial License

Industrial License is provided for importing raw materials. And then the raw material can be manufactured, processed, assembled, packed and exported. Also this license is only for a specified product. 

Consultancy License

Consultancy License is for business which provides expert or professional advice. In addition it allows two very similar activities. This license is issued to all manner of professionals, artisans and craftsmen. It allows two similar activities.

Freelance Permit

Freelance permit is provided to any individual who wants to operate as a freelance professional. Also you can carry out the business in your birth name as opposed to any brand name or company. This permit is for doing business in technology, media and film making. The permit is issued for the roles, example talent roles, creative roles and selected administrative roles. 

Service License

As the name suggest Service License is for the service providers. You can carry out any type of service within the free zone that is specified on the license. For example Car rental, Logistics, Travel agency, Insurance Service provider etc. 

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Umm Al Quwain Free Zone For Cheapest Business Formation In UAE was last modified: March 5th, 2020 by Phebe