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Digital revolution in the UAE
Dubai – Al Maryah Community Bank, the UAE’s first fully digital bank, has integrated its mobile app with the UAE Pass.
Um al Quwain, the Free Zone in the middle of United Arab Emirates
SMEs, startups, and mixed companies can find Umm al Quwain (UAQ) to be an ideal business destination. It provides a highly profitable market climate as well as several attractive business rewards. The free zone is intended for a variety of economic activities such as trading, manufacturing, and professional services.
The Umm al Quwain Free Zone is located near Sharjah and Ajman gateway, close to the Umm al Quwain Seaport, and has good connections to Sharjah International Airport. The Emirate is located on the UAE’s west coast and is well-known among tourists for its desert terrain. The economy has a high quality of living while still being cost-effective.
The benefits of forming a business in Umm al Quwain
There are some significant advantages to establishing a company in UAQ.
- Economic climate that is tax-free
- The company’s stance of absolute international ownership
- There are no limits on funds being repatriated to the countries of origin.
- There are no restrictions on using different currencies.
- The cost of starting a company is low.
- Operational costs that are economical
- Land and labor are also fairly affordable.
Licensing and Registration procedures
The registration and licensing of the business involve these general steps:
- Deciding the business activity and then applying for a suitable license
- Selecting the business entity
- Selecting the facilities among the variety of them like office, warehouses, open plots, etc.
- Submitting the legally required documents along with the application form and the necessary payments.
- Collecting the registration certificate and license to carry out the business actions.
Ready for your Next Step?
Planning to Open a Business? Looking for Accounting Services? or have a general inquiry about your business goals?
NAM Associates is ready to guide you thru any of your goals. Contact us today for more information.
NAM Associates is ready to guide you thru any of your goals. Contact us today for more information.
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