Establish a Company
Umm Al Quwain Free Zone is an investor-oriented free-zone, with special support options for SMEs and micro-businesses. It offers them a wide advantges list including full ownership and no currency restrictions. UAQ FTZ is conveniently located near the UAE’s primary sea ports and within an hour-drive of Dubai and Sharjah International Airports, which ensures the needed access to the rest of the world.
There are 6 types of licenses; each covers certain set of activities and benefits. For instance, the commercial license is the most suitable for the business that performs import, export, distribution or storing activities. The other available types of license are general trading license, consultancy license, industrial license, service license and a freelance permit.
Umm Al Quwain
The Umm Al Quwain Free Zone Authority provides three types of business licenses for companies, but also for single professionals. Also, it is possible to establish a company in Umm Al Quwain through the services of company formation agents in Dubai. Foreign businessmen setting up a company in Umm Al Quwain may apply for one of the following business licenses:
- A premium consultancy as well as a consultancy license for the purpose of consultancy.
- Commercial license for the purpose of trading activities.
- General trading activities license preferred by international investment based companies.
It is important to know that major trends are leading to the need of international investors to set up a sole traders as well as freelance activities which are included in the micro business license. It is a freelancer permit that helps the small companies to start their business. Large companies required industrial license only.
Benefits
- There are some amazing and spectacular benefits of considering RAK freezone
- Fast and efficient business set-up and support services
- Uncountable facilitations that are perfect for the individual businesses.
- You can prefer either a FTZ or non-FTZ based on your preferences
- Reduced cost of business operations and formation as well
- Massive return on investments
- Effective and efficient business formation as well as services
- Easy to operate
- No corporate tax
- Fully owned
- UAE visa issuance could be run on fast track
Advantages
Some important advantages attracting massive number of businessmen includes:
- Time efficient formation process
- Huge return on investments
- Quick formation process
- All currencies consideration in trade market
- Highly advanced facilities
- Modernized infrastructure
