Benefits Of Setting Up Business In Umm Al Quwain Free Zone

Umm Al Quwain Free Zone is a very good choice for people who want to start a small scale business. You can form the company as FZE, FZC or Branch. FZE means Free Zone Establishment which means single owner (1 person who owns 100 % shares of the company.) FZC means Free Zone Company this is for 2 to 50 shareholders. Branch means an existing company wants to start same line of business with same name.

Type of License available in UAQ FZ

• Normal Trading (can have 3 different product lines or 10 similar product lines)
• General Trading (this allows a wide range of products to be trade except Commodities which need special approval from multiple UAE authorities e.g. explosives and armaments cannot be traded with a General Trading license, automobiles, medicines, etc. cannot be traded)
• Service
• Consultancy (It allows two similar activities)
• Freelance permit
• E-Commerce
• Industrial license (This enables the licensee to import raw materials as well as manufacture / process / assemble / package the specified products and export it to various regions. It allows the holder to import raw materials for the purpose of manufacturing, processing and/or assembly of specified products.)

Benefits of Starting Business in UAQ Free Zone

• 0% corporate and personal tax
• 100% company ownership
• Full range of business activities permitted
• 100% repatriation of capital and profits
• No currency restrictions
• 100% import and export tax exemption within the free zone
• Simple and fast registration process with excellent customer support

They have business center in Dubai also. They have flexi desk facility, office facility and warehouse. A co -working space 450 per month you can use 5 hours per week

• Services at 450/ month + 5 % VAT
• Dedicated Dubai telephone number
• Prestigious Dubai Address
• Professional Call answering Service
• P.O Box service
• Courier handling service

There are many different packages the cost as of 14th March 2020 depends on the number of visa eligibility. (These prices are subject to change) .tg {border-collapse:collapse;border-spacing:0;} .tg td{font-family:Arial, sans-serif;font-size:14px;padding:10px 5px;border-style:solid;border-width:1px;overflow:hidden;word-break:normal;border-color:black;} .tg th{font-family:Arial, sans-serif;font-size:14px;font-weight:normal;padding:10px 5px;border-style:solid;border-width:1px;overflow:hidden;word-break:normal;border-color:black;} .tg .tg-0lax{text-align:left;vertical-align:top} @media screen and (max-width: 767px) {.tg {width: auto !important;}.tg col {width: auto !important;}.tg-wrap {overflow-x: auto;-webkit-overflow-scrolling: touch;}} This blog is written by Ms. Smita Thomas, Business Advisor at Flyingcolour Business Setup, VAT and Accounting Services, Dubai. If you have any query related to setting up a business in Umm Al Quwain Free Zone or anywhere across the UAE then feel free to call +971 4 4542366 today for a quality consultation or please send inquiry to info[at]flyingcolour[dot]com.