Umm Al Quwain (UAQ) Free Trade Zone:
Umm Al Quwain Free Trade Zone is conveniently located within 45-60 mins from Dubai International Airport (DXB). This free zone has its own strategic initiation to attract the investors, entrepreneurs and business communities from around the world with the well-developed infrastructure and facilities. Trust Genic provide full details to our clients who are seeking genuine advice with an opportunity to start a 100% ownership company with 0% corporate and personal tax in United Arab Emirates. You have a different choice and options to select from on investment in any sector of business as per your requirement.
Trust Genic provide cost effective service to our client with a modern legal framework, advice for low costs of living and labor placement and also an opportunity to find business and trading partners around the Middle East, Africa, America and Asia. The benefits to setup business in Umm Al Quwain Free Trade Zone is you are allowed to setup a company in a limited budget and resources, there is no need to setup an expensive office or infrastructure in Dubai. We provide complete guidance to you to initiate and setup business with an access to residence visa, legal documents and office spaces as per your requirement, there are alternates to setup business in free zone that does not require visa and huge investment on infrastructure and setup.
Benefits and Advantages:
- 100% foreign ownership and 0% corporate and income tax
- Control on 100% of your shares and profits and no restrictions to send anywhere in the world
- Very quick and simple registration process, no need to visit the free zone or authorities
- Varied options including trading, industrial, consultancy and service license
- Provides residence permit and emirates ID to live in any emirates of United Arab Emirates
- Facility to open a bank account and use financial services around the world
- No annual audit report for renewal and no paid up capital required
- One of the cheapest startup package inside United Arab Emirates
Umm Al Quwain Free Trade Zone Licenses:
Commercial License: This license allow you to participate on export & import, distribution, storing the items as per the specification on license. You have an access to do the trading worldwide but if you want to import inside United Arab Emirates than you have to use an agent with 5% charges on import duty.
General Trading License:
This license allows you to trade any commodity which is permitted in any emirates within United Arab Emirates, this is also known as freedom and flexibility trading.
Industrial License: The industrial license has a scope to import raw materials, storing, manufacture, assemble, packaging as per the specification in the free zone license and export and distribute the products.
The freelance permit license suits the people who are in the field of technology, media, filming and advertisement.
The service license got vast sector as specified within the Free Trade Zone including tour services, travel agency, logistics, courier, insurance service provider, car rental and many more. The service license has a limitation to carry out the services within the Free Trade Zone.