When setting up a business in the UAE, many people will suggest you choose free zones. With many free zones coming up within the country, UAQ free zone is relatively new and one of the attractive FTZs in the UAE.
Situated in the emirates of Umm Al Quwain, this free zone provides all the benefits, such as zero currency limits, repatriation of income and resources, 100% ownership of businesses, and offering a total export and import tax exemption inside the zone.
Although flexible licensing and contemporary management have caught the eyes of investors, there are several reasons you should consider a business setup in UAQ free zone.
1. Hassle-free and Fast Setup of Business
One of the things that many investors and businesses admire about the UAQ free zone is the ease and speed of the company formation. You can launch your business in this free zone without even being present anywhere in the UAE. Moreover, the company formation in the UAQ free zone is completed within 3-5 working days in most cases. There are not many places in the world where you can set up your company in such a short period.
2. Several License Options
Umm Al Quwain offers a wide range of licenses to both commercial businesses and freelancers. In order to perform your business operations, you need to obtain a license. Without it, you cannot carry out business activities. Some licenses offered by UAQ free zone are commercial license, general trading, consultancy license, general trading, and freelance permit and service license.
3. Strategic Location
The Umm Al Quwain free zone benefits from cheap costs of labour and living. It is also blessed with a stellar location, enabling it to tap into a staggering market across the MENA region.
Located just off the E11 and Sheikh Mohammed Bin Zayed road, you get easy access to DXB and Sharjah International Airport. By setting up a business in UAQ free zone, you also get access to some of the crucial seaports of the UAE.
4. Excellent for Small Businesses
SMEs and solo entrepreneurs with limited budgets can reap several benefits from setting up their business in the UAQ free zone. The free zone issues freelance permits and micro-business licenses at a relatively low cost.So, you don’t have to worry about the initial expenses of starting a company and renting out a viable workspace.
5. Wide Range of Company Activities
When it comes to establishing oil and gas consultancy, financial consultancy, real estate consultancy, or any other business, it's not essential to obtain supplementary agreements from the UAE authorities. Due to this reason, the UAQ free zone has become popular with start-ups.
6. No Visa Package
The UAQ free zone allows investors to commence a business and apply for a license without a visa. It is an excellent option for solo entrepreneurs and small businesses that don't need a permanent physical presence in the UAE and start small with low capital.
Many investors have commenced their company in UAQ free zone with the help of business setup consultants in Dubai. The experts will help you from the beginning to the end if you want a business setup in UAQ free zone.
No comments:
Post a Comment