Umm Al Quwain Free Trade Zone (UAQFTZ)
The Umm Al Quwain Free Trade Zone (FTZ) is a progressive and investor-friendly free zone primarily designed to support microbusinesses and SMEs. These businesses will benefit from zero startup expenses, complete ownership of the company, and no exchange rate restrictions. As the Ahmed Bin Rashid Port and Free Zone, the Umm Al Quwain Free Trade Zone was established in 1986. It was founded as an addition to the long-running and highly significant Ahmed Bin Rashid Port. Now known as the Hutchison Ports UAQ, the Ahmed Bin Rashid Port was taken over by Hutchison Ports, a prominent port operator globally, in 2018.
Despite offering all the facilities that other free zones are pushing, the UAQ Free Trade Zone is the smallest Emirate in the United Arab Emirates. The Umm Al Quwain Free Zone has attracted businesses looking for reasonably priced offices, warehouses, and company licenses.
Benefits of setting up a business in Umm Al Quwain Free Trade Zone (UAQFTZ)
100% company ownership
No share Capital Requirements
100% import and export tax exemption within the Free Zone
Investor-friendly rules and regulations
Ideal location for SMEs and micro-businesses
Full range of business activities permitted
Simple and fast registration process
100% repatriation of capital and profits
Office, warehouse and land availability
Types of licenses
The distribution, import, export, and storage of the items specified on the license. A commercial license may cover three distinct product lines or ten broadly related ones.
Trade in a larger range of activities, allowing for the freedom and flexibility to transact in any product that is legal to import or export from the UAE.
Organizations that provide specialized or qualified advice to a variety of specialists, including artists and craftspeople. It permits two related actions.
Carry out the tasks listed on the license within the Free Zone, such as automobile rental, logistics, courier services, insurance service providers, travel agencies, and tour operators.
This enables a person to work independently as a professional and do business under their real name rather than a corporate or brand name.
Importing raw materials is followed by producing, processing, assembling, and packaging the desired goods before exporting the final goods.
