December 2021
Umm Al Quwain Free Trade Zone
UAQ Free Trade Zone celebrates 50th UAE National Day

We celebrated the 50th UAE National day, a special occasion that marks the federalization of authorities, the embracement of families and tribes, and the significance of a unified vision and leadership.

UAQ FTZ has attracted some of the world's largest and most reputable companies across a variety of industries.

We operate in accordance with the UAE Vision 2021, to assist both regional and international businesses seeking long-term sustainability. The UAQ Free Trade Zone has also contributed to the UAE's continued development by offering individuals and businesses a variety of innovative business solutions that have boosted the economy's growth.
UAE National Day Offer for UAQ FTZ members
As a part of the UAE’s 50th National Day and Golden Jubilee, we are fully waving off fines and penalties incurred due to the delay in company license renewal. This initiative was taken to provide continuous support to our members whose businesses had been disrupted in the past years due to unforeseen circumstances including the pandemic.

Take advantage of this opportunity before December 30th, 2021
Advice Hub
Gerry Rogers
Senior Associate
Galadari Advocates and Legal Consultants  (DIFC) Limited
 
Where there’s a Will there’s a way

The United Arab Emirates provides an excellent environment for expat individuals to live and work.  Indeed, the UAE authorities are incentivizing foreigners to stay longer with initiatives such as the Golden Visa.
 
UAE's initiatives to make life easier for entrepreneurs
UAE aims to become home to 20 startups worth more than $1 billion:

The United Arab Emirates has long been a magnet for regional entrepreneurs looking to launch or expand their businesses. Economic stability and protection are important for startup incubation because they ensure the survival of small businesses that lack the financial resources to withstand any economic crisis. 
 
UAE amends its law to decriminalize bounced cheques.

The UAE Central Bank, the Ministry of Economy, and the Ministry of Justice have all amended the Commercial Transactions Law to make bounced checks non-criminal. The regulator and the ministries made adjustments to the partial payment of cheques and strengthened administrative penalties in situations where they were issued without funds as a result of the amendments.
UAE announces 5 year visa for retired expats.

There are presently over 35 million expatriate employees in GCC nations, and a significant section of the white-collar population may like to retire and stay back in the GCC. The UAE Government has been launching a series of groundbreaking visa schemes to attract and retain talents, and make the UAE the best place to work and live in.
UAE Paving the Way for a Sustainable Future
The United Arab Emirates to host the COP28

By hosting Cop 28 in 2023, UAE will have the opportunity to bring the world together and be on track towards a more inclusive and equitable energy transition. UAE is building a coal-fired power station and expects to raise its oil production capacity to more than 5 million barrels per day by 2030. 
UAE announces reduced working week to “boost productivity”
The government of the United Arab Emirates has announced a major shift in the official working week to four and a half days. Beginning January 1, 2022, all federal government employees will work Monday through Thursday, with the weekend falling on Saturday and Sunday. While the private sector employers can choose whether to adopt the new weekend and shorter working week.
 

 
A start-up story of efficiency, client-centric, and scalability - Sven Krieger
ASTOG AVIATION is as new as it can be, but the people behind, have 25+ years of expertise within the aviation field. We intend to add an operation-focused Consultancy Service to the otherwise rich palette of Aviation services and support companies.
Happenings in UAQFTZ
  • ASSOCHAM business delegates visit the UAQ Free Trade Zone.
  • Business delegation from Belarus visits UAQ Free Trade Zone.
  • The UAQ Free Trade Zone held a Mega Giveaway contest.
  • UAQ Free Trade Zone participated in UAE-Indonesian Business Forum
  • Team Day at UAQ Free Trade Zone
 
Exhibitions Attended
Automechanika
December 2021
Dubai Air Show
November 2021
Cityscape Global
November 2021
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Our mailing address is:
One UAQ, Umm Al Quwain Free Trade Zone Authority,
P.O Box 7072, Umm Al Quwain, UAE.

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Every effort is made to provide accurate and complete information in UAQ FTZ newsletters. UAQ FTZ makes no claims, promises or guarantees about the accuracy, completeness, or adequacy of the contents of the newsletters and expressly disclaims liability for errors and omissions in the contents of this newsletters.