Company Formation in UAQ Free Zone
Umm al Quwain(UAQ) is towards the western region of United Arab Emirates and it has the Ahmed Bin Rashed Port. UAQ majorly focuses on the development of Light Industrial development. Free zone aims at providing a comprehensive administrative and logistics support to the entrepreneurs owning their factories.
Benefits of UAQ Free zone:
- 1. 100% foreign ownership.
- 2. 100% repatriation of capital and profits.
- 3. No personal or corporate income taxes, customs duties, import/export taxes.
- 4. Limited restrictions on recruiting labor.
- 5. State of the art infrastructure.
The free zone provides several investment options to the investors with many viable and simple procedures which make them feel comfortable and have a hassle free set up process. The investment projects a registered with the Ahmed Bin Rashid Free zone and the approvals go with the procedure and then the license is been issued.