There are many people who decided to open business in Dubai, and now they enjoy high profits, favorable taxation, and great perspectives.
There are many people who decided to open business in Dubai, and now they enjoy high profits, favorable taxation, and great perspectives. The UAE is an amazing country that offers broad opportunities for different business industries. There are several free economic zones where you can establish and develop your company. We will go through the reasons to open business in Umm Al Quwain free zone.
Basic Information about the Zone
It is the latest free zone in the country located just a 30-minute drive away from Dubai International Airport. It is an ideal place for every business type, from small to big. Like most free zones in the UAE, it allows enjoying the following benefits:
•Registering a company that has only foreign capital;
•Paying no income taxes;
•Getting a residence visa;
•Working in a rapidly developing and safe environment;
•Using a great infrastructure.
Why Open Your Business in UAQ FTZ
As you may know, each zone comes with its own requirements and regulations. Also, the zones have been created to help in the development of certain industries. Therefore, you should open your company in the zone if you can get the right license. Currently, you can apply for the following licenses:
•General Trading. This type allows you to trade lots of different products. Though, there are certain restrictions;
•Commercial. It allows exporting, importing, storing, and distributing certain products;
•Consultancy. If you are an expert in a certain field, this license type may be suitable for you;
•Industrial. You need to get this one if you want to be engaged in the production of certain goods;
•Freelance. Are you a web designer, a content writer, or a freelance with some other specialization? Then this license type will be a good choice for you;
•Service. If you are a certified professional in a certain field, you may need to apply for this one.
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