Being a prosperous emirate, the Umm Al Quwain Free Trade Zone is an essential business base and is located just 45km away from Dubai. UAQ FTZ is an excellent location for SMEs, Micro Businesses, and Conglomerates to start a business in a secure free trade zone environment and is one of the best places for your effective investment in the region.
In this blog, we have listed down the top 10 advantages of starting a free zone organization in the UAE.
Read on!
0% corporate and personal tax
You can confidently start a business in the UAQ as you are exempted from paying corporate and personal tax.
100% company ownership
By launching your business in UAQFTZ, you can own your company 100 percent, without the hassle of finding local partners.
Full range of business activities permitted
Setting up your company in the UAQ free zone allows you to carry out a wide range of business activities.
100% repatriation of capital and profits
SMEs and micro-businesses in UAQ FTZ will benefit from 100% repatriation of capital and profits.
No currency restrictions
The biggest advantage of setting up a company in UAQ is zero currency restrictions.
100% import and export tax exemption within the Free Zone
The businesses operating in UAE-free zones are exempted from export and import taxes.
No restrictions on hiring foreign employees
UAQ free zones have no restrictions on hiring foreign employees.
Strategic location with access to over two billion consumers
UAQ Free Trade Zone is located close to two international airports as well as multiple seaports making it a strategic base with access to over 2 billion consumers.
Dubai free zone visa benefits
The biggest perk of forming a company in the free zone is visa benefits. You can sponsor visas for your employees and dependents without any hassles. The free zone visa cost UAE is very cheap compared to mainland visa cost. Also, the free zone license cost in Dubai is estimated to be around AED 50,000.
Simple and fast registration process
It is quite easy to start a business in the UAQ free zone compared to other free trade zones. The simple and fast registration process attracts a large number of entrepreneurs to UAQ.
Umm Al Quwain Free Trade Zone (UAQ FTZ) is a dynamic destination with modern infrastructure.
Renowned for its stable economy, open investment climate and low costs of living and labor, UAQ is one of the most sought-after business locations.
Hope you found this article useful!