What is Umm Al Quwain Freezone?
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.
UAQFTZ is strategically located in the Emirate of Umm Al Quwain, which is located on the northern coast of the UAE. UAQFTZ is easily accessible from Dubai International Airport and Sharjah International Airport.
UAQFTZ offers a number of business benefits to companies that are registered in the free zone, including:
- 100% foreign ownership
- No income tax
- Low import and export duties
- State-of-the-art infrastructure
- Easy access to talent
- Supportive ecosystem
UAQFTZ is a good option for businesses that are looking to expand into the UAE or that are looking to establish a presence in a free zone.
Here are some of the benefits of registering a company in UAQFTZ:
- 100% foreign ownership: Companies that are registered in UAQFTZ can be 100% owned by foreign investors. This is a major advantage for foreign investors who want to start a business in the UAE.
- No income tax: Companies that are registered in UAQFTZ are exempt from income tax. This can save businesses a significant amount of money on their taxes.
- Low import and export duties: UAQFTZ has low import and export duties. This can make it easier and more affordable for businesses to import and export goods.
- State-of-the-art infrastructure: UAQFTZ has state-of-the-art infrastructure, including high-speed internet, world-class office and industrial space, and a variety of amenities.
- Easy access to talent: UAQFTZ is home to a large pool of talented professionals. This can make it easier for businesses to find the employees they need.
- Supportive ecosystem: UAQFTZ has a vibrant ecosystem of businesses, investors, and government agencies that are all working together to support innovation and growth.
Types of companies that can be registered in UAQFTZ
A variety of different types of companies can be registered in UAQFTZ, including:
- Limited liability companies (LLCs)
- Free zone establishments (FZEs)
- Branches of foreign companies
- Joint ventures
How to register a company in UAQFTZ
To register a company in UAQFTZ, you will need to follow these steps:
- Choose a business activity: The first step is to choose a business activity for your company. UAQFTZ offers a wide range of business activities to choose from, so it is important to select one that is relevant to your industry.
- Select a company name: Once you have chosen a business activity, you will need to select a company name. The company name must be unique and must not be trademarked by another company.
- Complete the application form: The company registration application form can be found on the UAQFTZ website. The application form is relatively straightforward, but you should take your time to fill it out carefully.
- Submit the required documents: In addition to the application form, you will also need to submit a number of other documents, including:
- Copies of your passport and visa
- A business plan
- A bank reference letter
- A certificate of good conduct
- Pay the registration fee: Once you have submitted all of the required documents, you will need to pay the company registration fee. The registration fee varies depending on the type of company you are registering for.
Once you have completed all of the above steps, your company will be registered in UAQFTZ.
Umm Al Quwain Free Trade Zone (UAQFTZ) is a good option for businesses that are looking to expand into the UAE or that are looking to establish a presence in a free zone. UAQFTZ offers a number of benefits to companies that are registered in the free zone, 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 interested in registering a company in UAQFTZ, I recommend contacting BizDaddy. BizDaddy is a leading business setup consultant that can help you with every step of the process