Ahmed Bin Rashid Free Zone (ABRFZ)
The Ahmed Bin Rashid free trade economic trade zone is the state investment project, implemented in the middle of 1998 by the initiative of the Government of the Umm Al Quwain Emirate. The main purpose of the Ahmed Bin Rashid FTZ is ensuring of the active development of the region and creation of the international business centre for local and foreign investors.
ABR FTZ : peculiarities of the jurisdiction and offers for business
The Governmental project is being implemented under the strategic development of the Ahmed Bin Rashid shipping port and includes the following facilities:
- more than 800 meters of coastline on the West coast of the UAE;
- water area of more than 400 meters for servicing the large ocean-going vessels;
- vast area, allotted for the investment construction of the port and the erection of industrial facilities.
In addition, all the companies which are registered in this jurisdiction can count on the round-the-clock administrative and legal support from the state authorities, and also on the number of competitive advantages and effective tools for creating the international business scheme.
The urban infrastructure of the ABR FTZ economic zone in Umm Al Quwain includes all the necessary facilities for a comfortable and safe residence, including the modern means of communication and utilities.
Ahmed Bin Rashid Free Zone: licensing and key types of activity
The availability of the own port facilities, which allow to process heavy-load ships and tankers, provides investors with the integrated schemes of cargo delivery and effective solutions in the field of international logistics. For the entrepreneurs and investors who are going to expand the existing business, the ABR FTZ Free Zone is an ideal base for the development of new international markets. In particular, it applies to the markets of Asia, Africa, India and the eurozone.
The following directions can be singled out as the key spheres of the ABR FTZ specialized economic zone in Umm Al Quwain:
- trading operations on the local and international market;
- manufacturing sector;
- provision of professional consulting services.
Thus, the foreign entrepreneurs, after business registration and issuing all the necessary documents, in order to carry out legal economic activity, must obtain the appropriate business license. The state authority issues the following types of business licenses:
- general trading business license;
- business license for the provision of advisory and consulting services;
- special business license (industrial).
Speaking about the licensing of the activities of the foreign companies, it should be noted that the offered types of licenses are very flexible, and fully meet the requirements and expectations of potential investors.
The state license is granted upon the payment of the appropriate license fee, and has a territorial restriction (it is valid only on the territory of the Free Zone of Umm Al Quwain). The business license is renewed annually, by making a fixed payment.
Advantages for entrepreneurs and investors
Several important factors, which influence the choice of the jurisdiction for the optimization of production processes in the light industry, can be singled out among the main competitive advantages and opportunities for potential investors. In particular:
- unlimited reserve of land lots, for investment construction and organization of production lines;
- a number of corporate benefits and advantages, including; long-term tax holidays (up to 15 years), the possibility of 100% foreign ownership of the business, and also export and import privileges for the delivery of goods and raw materials supply;
- availability of the vast storage facilities which meet all the safety requirements;
- relatively law cost of qualified labor force, and the absence of restrictions on the involvement of the migrant workers;
- the most simplified registration procedure and minimal costs of the business maintenance, what allows the partners to focus on creation of a profitable business scheme and its development;
- the necessary IT infrastructure, including modern networking and communication tools, is available on the territory of the ABRFZ economic zone. The investors are offered the effective solutions in the field of international transport logistics, which are based on the advanced experience and technologies, for optimization of the number of production cycles;
- fully transparent policy of cooperation between state bodies and private business, and as the result – the complete absence of bureaucratic barriers and governmental runaround. Moreover, the public authorities are very loyal to the foreign business and provide the consulting and legal support for the partners on the issues of about company registration, obtaining business licenses and residence visas for founders and employees;
- favorable investment climate and long-term prospects for economic development of the zone, as the complex Governmental project which is aimed at the development of the national economy.
One and all the partners and clients of the Ahmed Bin Rashid Umm Al Quwain economic trade zone can count on the maximum administrative and even material and technical support and assistance. The administration of the ABRFZ Free Zone is directly interested in the prosperity of your business and its development. The advanced international experience and qualified personnel from all over the world are consolidated here for these purposes.
If you are interested in the possibility of the company registration in the Ahmed Bin Rashid Umm Al Quwain Free Zone jurisdiction, you can get the free legal consultation and the experts’ practical guidelines. For this purpose, it is enough to use the contact us form and get into touch with our staff. Entrust all the current issues to the professionals and get the desired result as soon as possible.