Umm Al Quwain Free Trade Zone (UAQFTZ) is a free zone in the United Arab Emirates that offers a number of benefits to businesses, including 100% foreign ownership, no income tax, and low import and export duties. UAQFTZ is also home to a variety of industries, including technology, media and entertainment, education, healthcare, and logistics.
If you are considering setting up a business in a free zone in the UAE, UAQFTZ is a great option to consider. Here are some of the benefits of setting up a business in UAQFTZ:
100% foreign ownership
One of the biggest benefits of setting up a business in UAQFTZ is that businesses can have 100% foreign ownership. This means that foreign investors can own and operate their businesses in UAQFTZ without having to partner with a local UAE citizen.
No income tax
Another major benefit of setting up a business in UAQFTZ is that businesses are not subject to income tax. This means that businesses can keep more of their profits and reinvest them back into their businesses.
Low import and export duties
Businesses in UAQFTZ are also subject to low import and export duties. This makes it easier and more affordable for businesses to import and export goods.
UAQFTZ offers state-of-the-art infrastructure to businesses, including high-speed internet, world-class office and industrial space, and a variety of amenities. This makes it easy for businesses to set up and operate in UAQFTZ.
Easy access to talent
UAQFTZ is home to a large pool of talented professionals. This makes it easy for businesses to find the employees they need.
UAQFTZ has a supportive ecosystem of businesses, investors, and government agencies. This ecosystem can help businesses to succeed and grow.
Additional benefits of setting up a business in UAQFTZ:
- Fast and easy company setup process: UAQFTZ has a fast and easy company setup process. Businesses can set up a company in UAQFTZ in as little as 24 hours.
- Competitive pricing: UAQFTZ offers competitive pricing for office space, industrial space, and other services.
- Strategic location: UAQFTZ is strategically located near major seaports and airports, making it easy for businesses to import and export goods.
- Wide range of business activities: UAQFTZ offers a wide range of business activities for businesses to choose from.
UAQFTZ is a great place to set up a business in the UAE. It offers a number of benefits to businesses, including 100% foreign ownership, no income tax, low import and export duties, state-of-the-art infrastructure, easy access to talent, and a supportive ecosystem.
If you are considering setting up a business in a free zone in the UAE, I highly recommend considering UAQFTZ.
BizDaddy is a leading business setup consultant that can help you set up a business in UAQFTZ. BizDaddy has a team of experienced professionals who can help you with every step of the process, from choosing the right business activity to completing the application form to submitting the required documents.
BizDaddy offers a number of benefits to businesses, including:
- Expertise: BizDaddy has a deep understanding of the business setup process in UAQFTZ.
- Convenience: BizDaddy offers a one-stop shop for business setup in UAQFTZ. This means that you can deal with everything through BizDaddy, from choosing the right business activity to submitting the required documents.
- Customer support: BizDaddy provides excellent customer support. The customer support team is available to answer your questions and help you through the business setup process.
If you are serious about setting up a business in UAQFTZ, I highly recommend contacting BizDaddy. BizDaddy can help you make the process as smooth and stress-free as possible.