The Umm Al Quwain free trade zone in the emirate of Umm Al Quwain is friendly, progressive, and prosperous with a modern infrastructure and the atmosphere is ideal for starting a business. This free trade zone has the quickest incorporation timelines, 100% ownership benefits, and tax privileges which are impressive. The best legal tools to create a sound and hassle-free business outpost to conduct operations across the globe is provided by the Umm Al Quwain Free Trade Zone. In this article, we are going to discuss the advantages of starting a business in the Umm Al Quwain Free Trade Zone.
1. Fast And Easy Set up:
One of the prime reasons why one should set up their business in the Umm Al Quwain is entrepreneurs are able to complete their company formation process at a rapid pace. Company formation in Umm Al Quwain region takes around 2 to 3 working days generally.
2. Strategic Location:
The major benefit of this region is that the cost of living and labour costs is relatively low when compared to other regions. It is positioned to work with billions of clients across the Middle East and North Africa (MENA) area, Subcontinent, and the Far East and European business sectors. In addition, it is also within the range of UAE’s primary seaport, Dubai International Airport, and Sharjah International Airport.
3. Great For Small Entrepreneurs:
A plethora of benefits is provided to solo entrepreneurs and SMEs within an economical budget. This free zone is sought-after by most entrepreneurs because the support provided by the government is in the form of incentives and bonuses to small and medium-scale businesses.
4. Affordable Licenses:
The licensing starts from 13,500 AED in the Umm Al Quwain Free Zone. Before starting a business in the Umm Al Quwain Free trade zone, the entrepreneurs need to apply for a license which will be around 13,500 AED approximately.
5. Personal Presence Not Required:
Even if the person is abroad, business setup in the Umm Al Quwain can be still carried out. An incorporation document should be couriered to the agent who will then complete the registration by UAQ authority for you. Hence, for Company Registration in Umm Al Quwain, personal presence is not required.
6. A Variety Of License Options:
Different types of licenses are available to entrepreneurs planning to start a business set up in Umm Al Quwain Free Zone. Commercial, industrial, service, consultancy, freelance, and micro-business are also widely available to entrepreneurs in this Free Trade Zone.
We hope that now you have understood the benefits of starting a business in Umm Al Quwain Free Zone.
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