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.
There are many benefits to setting up a business in UAQFTZ, including:
- 100% foreign ownership: Businesses in UAQFTZ can be 100% foreign-owned. This is a major advantage for foreign investors, as it allows them to have full control over their businesses.
- No income tax: Businesses in UAQFTZ are exempt from income tax. This can save businesses a significant amount of money, and it can make them more competitive in the global marketplace.
- Low import and export duties: Businesses in UAQFTZ enjoy low import and export duties. This can help businesses to reduce their costs and increase their profits.
- Strategic location: UAQFTZ is located in a strategic location, between Dubai and Abu Dhabi. This gives businesses in UAQFTZ easy access to both local and international markets.
- Modern infrastructure: UAQFTZ has a modern infrastructure, including state-of-the-art office buildings, warehouses, and factories. This provides businesses with the facilities they need to operate successfully.
- Supportive business environment: UAQFTZ offers a supportive business environment, with a number of government agencies and support organizations that can help businesses to get started and grow.
Here are some additional benefits of setting up a business in UAQFTZ:
- Easy company setup: The company setup process in UAQFTZ is relatively easy and straightforward. Businesses can set up a company in UAQFTZ in a matter of weeks.
- No minimum capital requirement: There is no minimum capital requirement for setting up a company in UAQFTZ. This makes it possible for startups and small businesses to set up a company in UAQFTZ.
- Flexible business activities: Businesses in UAQFTZ are allowed to carry out a wide range of business activities. This gives businesses the flexibility to grow and expand their operations.
- Visa facilities: UAQFTZ offers a number of visa facilities for businesses and their employees. This makes it easy for businesses to attract and retain talent.
UAQFTZ is a great place to set up a business. The free zone offers a number of benefits to businesses, including 100% foreign ownership, no income tax, low import and export duties, a strategic location, modern infrastructure, and a supportive business environment.
If you are considering setting up a business in the UAE, I highly recommend considering UAQFTZ. UAQFTZ is a great place to start and grow your business.
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 a 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 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 business activity 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 UAQFTZ, I highly recommend contacting BizDaddy. BizDaddy can help you make the process as smooth and stress-free as possible.