What are the different types of freezones in Umm Al Quwain?
Umm Al Quwain (UAQ) is one of the seven emirates of the United Arab Emirates (UAE). It is located on the Arabian Gulf coast, about 50 kilometers north of Dubai. UAQ is a popular destination for businesses and investors due to its free zones, which offer a number of benefits, including 100% foreign ownership, no income tax, and low import and export duties.
There are two main types of free zones in UAQ:
- General free zones: General free zones are open to businesses from all industries.
- Industry-specific free zones: Industry-specific free zones are designed to attract businesses from a particular industry, such as media and entertainment, healthcare, or logistics.
General free zones in UAQ:
- Umm Al Quwain Free Trade Zone (UAQFTZ): UAQFTZ is the largest free zone in UAQ and is open to businesses from all industries. It is home to a wide range of businesses, including manufacturing, trading, and services.
- Umm Al Quwain Maritime Zone (UAQ-MZ): UAQ-MZ is a free zone dedicated to maritime businesses. It is home to a number of shipping companies, shipyards, and maritime service providers.
Industry-specific free zones in UAQ:
- Umm Al Quwain Media Free Zone (UAQ-MFZ): UAQ-MFZ is a free zone dedicated to media and entertainment businesses. It is home to a number of TV and radio stations, film production companies, and advertising agencies.
- Umm Al Quwain Healthcare Free Zone (UAQ-HFZ): UAQ-HFZ is a free zone dedicated to healthcare businesses. It is home to a number of hospitals, clinics, and pharmaceutical companies.
- Umm Al Quwain Logistics Free Zone (UAQ-LFZ): UAQ-LFZ is a free zone dedicated to logistics businesses. It is home to a number of warehouses, freight forwarding companies, and shipping companies.
Choosing the right free zone in UAQ:
When choosing a free zone in UAQ, it is important to consider the needs of your business. If you are unsure which free zone is right for you, you should contact a business setup consultant.
Benefits of setting up a business in a free zone in UAQ:
There are a number of benefits to setting up a business in a free zone in UAQ, including:
- 100% foreign ownership: Foreign investors can own 100% of a business in a free zone in UAQ.
- No income tax: There is no income tax on businesses operating in a free zone in UAQ.
- Low import and export duties: Import and export duties are low in free zones in UAQ.
- Easy access to the UAE market: Free zones in UAQ are well-connected to the UAE market, making it easy for businesses to reach their target customers.
- Supportive infrastructure: Free zones in UAQ have a supportive infrastructure, including office space, warehouses, and transportation facilities.
Free zones in UAQ offer a number of benefits to businesses, including 100% foreign ownership, no income tax, low import and export duties, easy access to the UAE market, and supportive infrastructure.
If you are considering setting up a business in the UAE, I recommend that you consider one of the free zones in UAQ.
BizDaddy is a leading business setup consultant that can help you set up a business in a free zone in UAQ. BizDaddy has a team of experienced professionals who can help you with every step of the process, from choosing the right free zone for your business 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 the UAE. This expertise can help you avoid common pitfalls and ensure that your business is set up correctly.
- Convenience: BizDaddy offers a one-stop shop for business setup in the UAE. This means that you can deal with everything through BizDaddy, from choosing a free zone to obtaining a business license.
- Peace of mind: BizDaddy’s team of experienced professionals can help you navigate the business setup process and ensure that everything is done correctly. This can give you peace of mind knowing that your business is in good hands.
If you are serious about setting up a business in a free zone in UAQ, I highly recommend contacting BizDaddy. BizDaddy can help you make the process as smooth and stress-free as possible.