FREE ZONES IN UMM-AL-QUWAIN PREFECT FOR STARTING UP YOUR BUSINESS
The UAE has always been welcoming, whether it is for tourism or commerce. By establishing free zones in Dubai and all over UAE, setting up of business has become comparatively easy and more
profitable. Free zones are such economic zones within a country or city where there few or no restriction of trade and the companies are provided with an infrastructure and every other facility
that is required to set up and grow. Umm-al-Quawainhas been made easy and the legalities and formalities involved in it has also been reduced. You can also take the help of agencies for
establishing your company in the free zone. Normally in a free zone, there are many facilities provided which will help you in setting up your business. The UAE has a huge amount of free zones and each one of them has different specifications. The free zones at Umm-al-Quwain provide your
business an area to operate, a foreign ownership, exemption from income tax, custom tax, import and re-export taxes and various other lucrative features.
AHMED BIN RASHID FREE ZONE
There is only one free zone at Umm-al-Quwain called the Ahmed Bin Rashid free zone. As a member of the free zone, you will be entitled for a lot of privileges and facilities. The complex of
the free zone at Umm-al-Quwain is large enough to hold ocean vessels and also has land reserved for industries. There are sound arrangements of electricity, water supply and all the infrastructural
facility that is required to run the business in a smooth manner. Logistic support is also offered to the business owners who are tenants at Ahmed Bin Rashid free zone. There is an administrative
unit in the free zone which takes care of normal day to day operations. To establish your own company at the Ahmed Bin Rashid free zone, you need to apply by submitting the completed
application form to the authority. After the application is accepted, the legal representative of the company will hold a meeting with the people from the administrative department of the free
zone. After all the legalities and formalities are completed, the business owner is issued a license, which entitles him to set up his business in the free zone. There are several advantages of having
your business established at Umm-al-Quawain free zones in UAE. You get tax exemption, capital and profit repatriation, complete foreign ownership and single window operation. All these factors
make the free zone ideal for establishing your business in UAE.
HOW FREE ZONES CAN HELP YOUR BUSINESS GET A KICK START IN UAE?
The tax free approach of the government and no restrictions on capital repatriation has attracted investors from across the globe to establish their business in Dubai so that they leverage the
atmosphere that is just congenial for the growth of businesses. Furthermore, the presence of efficient transport service and other infrastructure has also promoted the growth of such
companies. There are various additional privileges that you can get as a member of the Umm-al-Quwain free zones.
CLICK THE BELOW LINK TO DOWNLOAD THE PDF OF UMM AL QUAIN'S FREE ZONES