The Umm Al Quwain Free Trade Zone is just 45 minutes away from Dubai International Airport. The Emirate of Umm Al Quwain is regarded as being prosperous, friendly, stable and progressive. Its proximity with other Emiratesmakes it an excellent choice for small and medium-sized businesses that want to start a freezone company.
Over the years the Umm Al Quwain Free Trade Zone has and continues to attract Conglomerates, SME's and many Micro Businesses that wish to conduct business in a safe environment. It also happens to be one of the most attractive places for investors who are looking for a stable place to put their money to good use.
Like all other free zones in the UAE, the Umm Al Quwain Free Trade Zone carries all the benefits such as 100% foreign ownership, no taxes personal or otherwise, and a total repatriation of all the profits/capital invested. Its openness towards investors has resulted in a significant growth of the free zone.
Perks of starting a freezone company in Umm Al Quwain Free Trade Zone include:
General Trading Licenses: A general trading license allowsa business to export and import items or goods from or to the UAE. The license makes it possible also to sell goods imported to the UAE but via appointed distributors or agents. When you start a freezone company with a general trading license, you can opt for up to three categories of products for instance like construction materials, food items, and sports gear.
Professional business licenses: A professional business license allows investors to provide professional services throughout the UAE. One license can have up to two similar categories of service like for instance event management and marketing consultancy. The license often specifies both categories.
Premium business licenses: The benefit of a premium business license is that you can carry out often rare business activities but without having to obtain additional approval. However, an approval will have to be sought at the time of registration and licensing.
When you setup a freezone company in Umm Al Quwain Free Trade Zone, you get as many resident visas as the package allows. So, for instance, if the company you register is eligible for just two visas you can get twopermits which include visas for owners and employees. So, in this case, one employment and one investment visa.
Once you are a UAE resident after being granted an investor visa, and Emirates ID, you can apply for dependent visas for your spouse, parents or children. The documents required for a family visa are the necessary certificates to prove your relation to the persons being sponsored. The documents need to be attested by the UAE Embassy in your country of origin. Plus, the official tenancy contract complete with EJARI i.e. government attestation is required.
Note: You can only apply for a visa for your parents if you have a two bedroom apartment.
Need more information about starting a business in Umm Al Quwain Free Trade Zone? Contact us for a free consultation today.