Umm Al Quwain Free Trade Zone (UAQ FTZ) and Ukrainian Business Council (UBC) Forms Strategic Business Alliance
- UBC team led by Chairman Denis Bandura signs MoU with UAQ FTZ for business cooperation
- UBC members to get special benefits while establishing companies with UAQ Free Zone
A delegation from the Ukrainian Business Council, led by Chairman Denis Bandura, signed an MoU for business cooperation with UAQ FTZ to tap the potential of the Free Zone for the benefits of the Ukrainian Business Community in UAE. The agreement marks a new phase in UAE-Ukraine relationship, as it permits UBC members to enjoy special benefits while establishing companies with UAQ Free Zone.
Ukrainian Business Council, which has offices worldwide, is a bridge for Ukrainian and Emirati organizations and individuals, who are in search of mutual cooperation and development of its business abroad.
“As Ukraine has strong ties with UAE, we are excited about associating with UAQ FTZ to connect entrepreneurs from Ukraine to the future-ready and scalable business facilities of Umm Al Quwain Free Trade Zone,” said UBC Chairman, Denis Bandura. The Ukrainian community has a significant presence in UAE as the number of Ukrainians calling UAE their home has been on the rise over the last decade. The luxury lifestyles, high living standards, excellent infrastructure and high-security levels are some of the country’s highlights that attract Ukrainians to the UAE.
UAQ FTZ and UBC have also agreed to cooperate on future business activities like roadshows, trade missions, seminars and webinars in UAE and Ukraine, spanning the interests of the Free Zone and UBC members all over the world. UBC shall also extend its memberships to Ukrainian businesses already registered with UAQ Free Zone.
About the agreement, Johnson George, General Manager of UAQ FTZ, commented: “We are ideally positioned to offer unrivalled service to the Ukrainian business community, as they are mostly engaged in the fields of Shipping, Agricultural Trading, IT and Management Consultancy in UAE. As a general free zone,e have a variety of business licenses and facilities that suit all these sectors. Our strategic location makes us a great destination for import and export, and a window to trading in the MENA region. “
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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.
