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5 Benefits of setting up a company in UAQ Free Trade Zone

Setting up a company in UAE has many benefits. Free zones have become a popular form of business registration in the UAE. Here are the 5 Benefits of setting up a company in UAQ free trade zone.

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5 Benefits of setting up a company in UAQ Free Trade Zone

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  1. 5 Benefits Of Setting Up A Company In UAQ Free Zone

  2. BEnefits OF Starting A Company IN The UAQ Free Trade ZOne • Tax If you set up your company within the free zone then you will have no corporate and personal tax, 100% repatriation of capital and profits, no restrictions on currency, 100% company ownership and 100% import and export tax exemption, cheap free zone license in uae

  3. Simple and Fast registration It only takes about 2-3 days approximately to establish a company in the UAQ free trade zone.A company can be formed by entrepreneurs with any of the following licenses: • Commercial • Industrial Consultancy • Service and freelance • Micro business

  4. Documents A company can be set up effortlessly and with no restrictions in Umm Al Quwain free trade zone if one is able to produce the following documents. • 3 options of the company name • Copy of the passport • Utility bill • Passport size photo • Residential address

  5. Strategic Location One will have access to 2 billion consumers across the MENA region if you start your company in UAQ. In addition, the access to Dubai international airport, Sharjah international airport and UAE’s main seaports will be easily obtainable if one has a company set up in the Umm Al Quwain free zone. (dubai free zone visa benefits)

  6. License Cost Depending on the industry you are choosing the cost of the license may differ. Here is a breakdown of the licensing cost which will vary depending on the industry type. • Micro Business License:13,500 AED • Normal Commercial Business License:20,500 AED • General trading License:27,500 AED

  7. Conclusion Umm Al Quwain Free Trade Zone is a friendly, progressive and prosperous emirate with modern infrastructure in Al Quwain. The high tech facilities, investor-friendly rules and regulations and a low-cost company setup free zone make UAQ the favourite business destination among entrepreneurs.

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