Umm Al Quwain (UAQ) is a small emirate in the United Arab Emirates (UAE) that is known for its beautiful beaches, lush mangroves, and traditional culture. UAQ is also home to two free zones, the Umm Al Quwain Free Trade Zone (UAQFTZ) and the Umm Al Quwain Marine Industrial Park (UAQ-MIP).
Both UAQFTZ and UAQ-MIP offer a number of benefits to traders, including 100% foreign ownership, no income tax, and low import and export duties. However, there are some key differences between the two free zones, which makes one a better fit for traders than the other.
Here is a comparison of UAQFTZ and UAQ-MIP for traders:
|Type of free zone||Multi-purpose||Specialized for maritime and offshore businesses|
|Business activities||Wide range of businesses, including trading, manufacturing, and services||Maritime and offshore businesses|
|Proximity to major ports||Close to Port of UAQ||Direct access to Port of UAQ|
|Proximity to major cities||Close to Dubai and Sharjah||Close to Dubai and Sharjah|
|Infrastructure||Well-developed infrastructure with a variety of office and warehouse space available||Well-developed infrastructure with a variety of facilities for maritime and offshore businesses|
Which free zone is best for traders?
UAQFTZ is the best free zone in UAQ for traders. UAQFTZ offers a number of advantages to traders, including:
- Wide range of business activities: UAQFTZ allows traders to import, export, and trade in a wide range of goods and services. This gives traders more flexibility in their business operations.
- Proximity to major ports: UAQFTZ is close to the Port of UAQ, which makes it easy for traders to import and export goods.
- Lower cost: The cost of setting up a business in UAQFTZ is lower than the cost of setting up a business in UAQ-MIP.
Here are some additional benefits of setting up a trading business in UAQFTZ:
- Easy access to global markets: UAQFTZ is strategically located at the crossroads of Europe, Asia, and Africa. This gives traders easy access to global markets.
- Supportive business environment: UAQFTZ provides a supportive business environment for traders. The free zone offers a number of facilities and services to help traders succeed.
- Tax-free environment: UAQFTZ is a tax-free environment. This means that traders can keep all of their profits.
UAQFTZ is the best free zone in UAQ for traders. It offers a wide range of business activities, is close to major ports, and has a lower cost than UAQ-MIP. UAQFTZ also provides a supportive business environment and a tax-free environment.
BizDaddy is a leading business setup consultant that can help you set up a trading 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 traders, 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 trading business in UAQFTZ, I highly recommend contacting BizDaddy. BizDaddy can help you make the process as smooth and stress-free as possible.
Here are some additional benefits of using BizDaddy’s services:
- Competitive pricing: BizDaddy offers competitive pricing for its services.
- Fast turnaround time: BizDaddy can help you set up your business quickly and efficiently.
- Excellent customer service: BizDaddy is committed to providing excellent customer service to its clients.
If you are looking for a hassle-free way to set up a trading business in UAQFTZ, then BizDaddy is the perfect partner for you.