Ahmed Bin Rashed Port & Free Zone
The Ahmed Bin Rashed Port & Free Zone is located on the West Coast
of the United Arab Emirates, in the Emirate of Umm Al Quwain (UAQ).
The Free Zone complex consists of 845m of quay wall with 400m capable of
handling ocean-going vessels, and 118,000m² of land reserved for light
Industrial Development. Standard services of water, electricity,
communications, labor accommodation are all available. In addition, the Free
Zone provides a comprehensive administrative and logistic support to the
tenant.
Investment Incentives
No Corporate
Taxes for a minimum of 15 years.
No Import
Duties, No Export Duties.
Activities Allowed
General Trading
Management &
Consultancy
Investment Procedures:
A company interested in setting up a project with the Ahmed Bin Rashid Free
Zone needs to submit a completed application form.
After receipt of the completed application form the Free Zone Authority will
consider the proposal. Once provisional approval has been given the Company
or their legal representative will be called for a meeting to discuss and
finalize details of the project.
Upon finalization of project details, the Authority will prepare Lease and
Secondment Agreements for signature.
When the agreements have been prepared a meeting between the company and the
authority will be arranged, during which the Lease and Secondment Agreements
will be signed. The applicant Company will then be asked to pay the Special
License fee prior to issue of the aforesaid License.
The Lease Agreement between the Authority and applicant Company will be for
a period of fifteen years with an optional renewal period to be agreed upon.
Under this Agreement the Authority will sponsor staff on behalf of the
company. Applications for entry permits may be submitted once the Lease &
Secondment Agreements have been signed, Special License issued and
construction commenced. Staff sponsored by the Authority may not obtain
employment outside the Free Zone in the UAE.
A Special License is issued upon signing of Lease & Personnel Secondment
Agreements between the Free Zone Authority and Investor, valid for one year
& is renewable annually.
For
Further Enquiries Click Here
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