As one of the recent entries, Umm Al Quwain (UAQ) is another addition to UAE’s grand collection of world-class free zones. The zone Offers one of the fastest incorporation timelines, 100% ownership benefits, specialized facilities and amazing tax privileges. Currently, Umm Al Quwain free zone company formation is one of the best legal tools available to establish a sound, hassle-free business outpost to conduct operations throughout the world.
- Location Advantage
Located only 45 km from Dubai, UAQ makes up a prime location to start a business. Modern infrastructure, low living cost, availability of labor, easy access to the airport, logistical facilities, affordable office space and flowing with the Middle East, European, Far East and North African (MENA) marketplaces.
- Setup Timeline Advantage
Another great advantage is the minimal setup timeline. Setting up a UAQ free zone company takes as low as 3-5 working days, depending on the business consultancy agency. Establishment cards, visas, legal documents and other requirements are processed within committed timelines. This gives the business a head start to secure an office, register for workplace facilities and conduct other important tasks required to kick-start operations. Very few places in the world offer such speedy incorporation.
- Costing Advantage
Umm Al Quwain is one of the most feasible options around many business hubs in the world, where companies can register without any extensive setup costs. Trading businesses can save millions on affordable labor, cheap logistics, flexible office leasing plans and competitive business incorporation packages. The setup cost can vary depending on the scale of business, however, an SME can be setup in around AED 20,000 government fees, which offers 2 resident visa eligibility to the owner. Entrepreneurs investing in UAQ do not require any attestation for shareholders or owners or provide details for shareholder experience.
- Freelancer Business License Available in UAQFTZ
Solo entrepreneurs with smaller budgets can avail specialized incentives in UAQ. Such licenses can be obtained for AED 16,500 government fees and does not require any immediate investment, office space or the physical presence of the company owners or shareholders in UAE. While there is no NOC requirement for employed investors and freelancers, the license can also be upgraded as the business grows without going through the process all over again.
- Micro Business License Available in UAQFTZ
The reason that makes UAQ an attractive proposition is the variety of licensing options. Among the 3 unique business registration structures offered by UAQ, Micro Business License is specifically designed to cater to investors looking to operate a cost effective, remote business and does not include any visas. These licenses come at around 13,500 Dirhams government fees, for a fully operational Trading or a consultancy business in UAQ.
How can IBG Help?
IBG Consulting UAE boasts over 300 successful business incorporations from UAE’s diverse sectors. As an authorized business consultancy provider, we specialize in free zone incorporation across various jurisdictions and business tools. Through UAQ’s pro-business laws and sound incorporation benefits, IBGME designs pre-enabled company formation packages for entrepreneurs, Investors and SME’s to kick start their operations from day 1 and build a strong corporate presence in UAE.