Media release. Published: 14-Jul-2020
UAQ Free Trade Zone
UAQ FTZ’s start-up friendly E-commerce License is a boon to retailers in these challenging times as it focuses on minimal investment to sell online
Optimising cash flow by selling without a physical office
With sales completely shifting online globally, UAQ FTZ’s start-up friendly E-commerce License is a boon to retailers in these challenging times as it focuses on minimal investment to sell online. The result is seen in the 70% increase in new e-commerce licenses in the last three months.
“We have seen a surge growth in sales of our E-commerce licenses in the last few months as people searching for an affordable but value-packed license sees us as a great growth partner,” says Johnson George, General Manager of the Free Zone. “Our transparent, flat-fee pricing helps businesses keep cost to the minimum and reduce risk, all while getting a valid license that helps them sell online to any part of the world.”
“One thing many budding entrepreneurs don’t understand is that you can’t legally complete transactions without an E-commerce License while selling online,” added Mr George. The cost-efficient license helps online start-ups stay compliant and build credibility, but at the same time create higher margins and better cash flow as it offers the flexibility of selling without a physical office. Once the start-up becomes successful, they could scale up by getting an office or warehouse at the free zone as it’s a one-stop-shop for all business needs; from logistics to staffing.
As it is an international free zone, you can run your business from anywhere in the world with the UAQ Free Trade Zone e-commerce license. For online businesses that have physical offices at the Free Zone, it offers a strategic location with superb road infrastructure, proximity to all the important seaports in UAE and great air connectivity for shipping to any part of the world.
About UAQ FTZ
Winner of the Qadat Al Tagheer Award for the “Best Free Zone for Startups and SMEs” at the 5th UAE – India Economic Forum (UIEF), Umm Al Quwain Free Trade Zone is a fast-growing logistics and business hub in the MENA region which offer a host of benefits that include 100% foreign ownership, 100% repatriation of capital and profits, zero currency restrictions, 100% import and export tax exemption within the free zone, simple and fast registration process, excellent customer support, no restrictions on hiring foreign employees, and many other modern and investor-friendly rules & regulations.