Business Setup in Al Quwain Free Trade Zone (UAQ FTZ)
Established in 2014, the Umm Al Quwain Free Trade Zone (UAQ FTZ) is located in the Emirate of Umm Al Quwain, approximately 50 minutes from the Dubai International Airport and the Sharjah International Airport. UAQ FTZ is easily accessible via Sheikh Mohammed Bin Zayed Road, and nearby seaports, which makes it an effective location for business setup in UAE.
UAQ FTZ offers free zone company formation with 100% foreign ownership, and zero corporate or personal tax. Companies choosing UAQ FTZ for free zone business setup can also import goods duty free. With these benefits, international trading businesses that require free zone company formation in UAE can release goods and retain them as stock for re-export without paying custom duties, significantly reducing costs and overhead. With special concessions available at the emirate’s seaport, UAQ FTZ has focused on creating an efficient and business-friendly environment. Additionally, companies can take advantage of UAQ FTZ’s cost-effective licensing whilst using the UAE’s larger ports by registering the company with the port’s custom authority and obtaining an import code.