{"id":1120,"date":"2019-09-30T08:57:20","date_gmt":"2019-09-30T08:57:20","guid":{"rendered":"http:\/\/emiratesbd.ae\/blog\/?p=1120"},"modified":"2019-09-30T08:57:21","modified_gmt":"2019-09-30T08:57:21","slug":"5-benefits-behind-starting-a-business-in-the-uaq-free-zone","status":"publish","type":"post","link":"https:\/\/emiratesbd.ae\/blog\/5-benefits-behind-starting-a-business-in-the-uaq-free-zone\/","title":{"rendered":"5 Benefits Behind Starting A Business In The UAQ Free Zone"},"content":{"rendered":"\n

One of the newest UAE free zones is the Umm Al Quwain free zone (also known as the UAQ free zone). Foreign investors love this free zone for two key reasons: flexible licensing results and contemporary management.<\/p>\n\n\n\n

There are all kinds of benefits within the free zone \u2013 benefits you won\u2019t get in any other location. And, add these benefits to the inexpensive way of setting up a business, and it\u2019s no wonder many novice entrepreneurs look toward the Umm Al Quwain free zone to begin their venture.<\/p>\n\n\n\n

5 Advantages To Setting Up A Business In The UAQ Free Zone<\/h3>\n\n\n\n

1 \u2013 You Don\u2019t Need To Be Personally Present<\/h4>\n\n\n\n

If you\u2019re unable to begin your business in person, you can still create it. All that\u2019s needed is to sign the incorporation documents and send them to the agent. This agent will work on your behalf, finishing the UAQ registration.<\/p>\n\n\n\n

2 \u2013 Affordable Licenses<\/h4>\n\n\n\n

License prices begin around 13,500 AED should you apply for a Micro Business. However, it\u2019s not qualified for visas. If a resident visa is needed, the company cost is 20, 500 AED. This will ensure you get two resident visas<\/p>\n\n\n\n

3 \u2013 Don\u2019t Need An NOC If You\u2019re Working For Another Business<\/h4>\n\n\n\n

There\u2019s no reason to get a No Objection Certificate from your present sponsor if you\u2019re working for a company but in the process of setting yours up.<\/p>\n\n\n\n

4 \u2013 Can Quickly Form Company and Establish Citizenship<\/h4>\n\n\n\n

The UAQ license is done in a matter of days \u2013 no more than three days typically. You\u2019ll also get your visas and establishment cards in a short period of time.<\/p>\n\n\n\n

5 \u2013 Large Array Of Company Activities For First-Rate Sections<\/h4>\n\n\n\n

This will include Real Estate Consultancy, Legal Consultancy, Financial Consultancy, Travel Consultancy, Oil and Gas Consultancy, etc. UAQ free zone doesn\u2019t demand supplementary agreements from other UAE authorities to create a company of this type.<\/p>\n\n\n\n

These reasons are why the Umm Al Quwain has become extremely competitive.<\/p>\n\n\n\n

Now, that\u2019s not to say there isn\u2019t some disadvantages such as a compulsory and long security approval process with the following countries:<\/p>\n\n\n\n