Once a tranquil backwater among the emirates, Umm Al Quwain is now swiftly emerging as a key player in the UAE’s investment landscape. At the heart of this transformation is the Umm Al Quwain Free Trade Zone (UAQ FTZ), which is spearheading a series of developments designed to make the emirate a prime destination for business.
The UAQ FTZ is currently embarking on a major expansion project, including the development of 350,000 square feet of warehouse space and an additional 65,000 square feet of commercial space. This expansion is a strategic move to cater to businesses with logistics and storage needs, offering them ample facilities equipped with reliable electricity supplies to ensure smooth operations.
According to Johnson M George, General Manager of UAQ FTZ, the zone provides significant advantages to businesses, including corporate tax benefits and logistical support. “One of the standout advantages of our free trade zone is the corporate tax benefits we offer,” George explained. “This financial relief allows businesses to reinvest profits into growth. Additionally, our special concessions at the UAQ seaport provide companies with cost savings on imports and exports, which is a distinct logistical advantage.”
The UAQ FTZ offers a range of customized and affordable business packages tailored to startups, SMEs, and larger corporations. “Our competitive rates for land, warehouses, and office space are ideal for companies looking to scale efficiently,” George added. The zone also provides essential services such as corporate tax and VAT registration, auditing, visa and legal assistance, and trademark registrations to simplify the business setup process.
Catering to a diverse array of industries, including food and beverages, construction materials, textiles, medical, chemicals, automobiles, oil, technology, and electronics, the UAQ FTZ ensures that businesses have access to the resources and facilities they need. The zone’s strategic location beside E311 (Mohammed Bin Zayed Road) enhances its connectivity, making it easier for businesses to manage time-sensitive deliveries and international exports across the GCC region.
In response to the growing demand, new labour and staff accommodation facilities are being developed. “Our robust infrastructure, including an extensive road network, reliable water supply, and uninterrupted electricity services, creates a thriving ecosystem for businesses,” George said. “We’re continually expanding our facilities to meet the diverse needs of our clients and strengthen our position as a leading logistics hub.”
With his extensive background in corporate and commercial laws, George is dedicated to creating a business-friendly environment. “I focus on establishing clear guidelines that streamline the business setup process, ensuring compliance with regulatory requirements while staying responsive to evolving regulations,” he noted.
Looking ahead, George remains optimistic about the future of UAQ FTZ. “As demand continues to grow, we are committed to expanding our infrastructure and enhancing our services,” he said. “We are building deeper alliances with stakeholders and banking partners to support our clients and drive further growth.”
As Umm Al Quwain continues to evolve, the UAQ Free Trade Zone stands at the forefront of this transformation, offering unparalleled opportunities for investment and business development in the region.
