Umm Al Quwain free zone is an immensely gainful location for a business located near the seaport of Umm Al Quwain. Umm Al Quwain (UAQ) free zone is an hour’s drive from Dubai International Airport as well as Sharjah International Airport, and is an ideal place for trading and setting up your business in the UAE. Owing to its strategic geographical location, UAQ free zone has a lot of opportunities and perks for young business enthusiasts and emerging entrepreneurs.
Umm Al Quwain Free Zone Authority manages the free zone, supported by the Umm Al Quwain government which authorizes it to incorporate companies with trade license. The companies which exist at present in UAQ free trade zone are involved mainly in exporting and importing activities. If you set up your business in UAQ free zone you have easy access to the rest of the world due to the transportation facilities available in the region.
It was established in 1998 and is located on the West Coast of the United Arab Emirates. It was developed to promote the dynamic growth of the region and serve as a global trade center for local and foreign investors. Since its inception, passing through extensive developments, Ahmed Bin Rashid Free Zone has risen as a flawless opportunity for the establishment of startups and expansion of the already established businesses in the UAE.
Umm Al Quwain free trade zone provides the following business perks for companies:
UAQ free zone authority encourages all types of legal business activities in the free zone region but every business company needs to obtain a type of trade license in accordance with the business they are involved in. Umm Al Quwain free zone license fee can differ from license to license. UAQ free zone has certain types of licenses for different types of business activities:
A trade license is further divided into 2 categories: commercial license and general trading license.
People who offer professional services for other businesses and consumers can go for a consultancy license in Umm Al Quwain FTZ. This type of professional license is a real benefit for all type of professionals like artisans, teachers, and lawyers.
Agencies like real estate, tourism, oil & gas engineering, aviation, financial, legal, and investment consultants can carry out their professional activities by getting a premium consultancy license.
UAQ free zone also provides a business opportunity to freelancers by issuing a freelance permit license. This helps freelancers carry out their business and professional activities and earn a living. A freelance permit is designed taking into consideration individuals who operate in the media and film sector, technology sector, creative, and talent roles.
A service license allows a company to provide services like car and bike rentals, tourism service, transport, and logistics, or any other service mentioned in the license.
First and foremost, decide which type of license, depending upon the business activity you would be carrying out, to avail. The requirement for each type of business license is different and so is the cost.
There are three types of entities available in Umm Al Quwain Free Zone:
Decide upon the company office, land suitable for the business, warehouses and other amenities that may be required for the business.
After deciding on the aforementioned, the next step would be to collect all the documents and submitting them to the authorities.
While submitting the documents, the authorities will notify you where and when to make the required payment.
Once all the documents have been verified and payments have been made, the UAQ free zone authority will issue your license and you can start your business operation.
Your business can gain an easy access to different markets around the world if you are likely to set up your business in Umm Al Quwain Free Zone. Our team of professionals can help you with starting your company. We at Xcellence make sure that our clients face no difficulties in setting up their business or acquiring their business license. Every business has the potential to reach the moon if started properly. Contact us for any queries or guidance on setting up your business in Umm Al Quwain – we’ll be glad to assist.