Umm Al Quwain (UAQ) Business License
Umm Al Quwain, situated on the west coast of the United Arab Emirates, is another business destination that provides excellent chances for business owners. It is one of the ideal business destinations to start a business.
Although Umm Al Quwain is one of the less-known Emirates in the United Arab Emirates, it has plenty of commercial opportunities. Both SMEs and big corporations have praised the business-friendly environment at UAQ. It is the ideal location for business setup, especially for SMEs and new businesses, since it provides a desirable environment for more profitable endeavours.
Umm Al Quwain is one of the top locations for company setup, and it is inexpensive, hassle-free, and fast. UAQ authorities provide mainland and free zone business licenses.
Umm Al Quwain (UAQ) Mainland Business License
A mainland business setup in Umm Al Quwain allows you to start your business under three licenses. They are:
Commercial License: A business license that allows for the distribution, storage, and export of goods and lets you buy and sell things is a commercial license.
Professional License: It allows you to carry out professional services like consultancy, counselling, doctor, or other services.
Industrial License: An industrial license allows you to set up an industrial or manufacturing business in Umm Al Quwain.
Umm Al Quwain (UAQ) Free Zone License
You should obtain a relevant license to set up a business in the Umm Al Quwain free zone. The different types of licenses available in UAQ Free Zones are:
Commercial License: It allows you to import/export, distribute and store products for business.
General Trading License: This license allows trading in goods and materials authorized by the UAE government. However, other items, like explosives, require special permission.
Consultancy License: The license is for businesses that wish to provide knowledgeable or qualified advice.
Premium License: This is an extended form of consultancy license that allows diverse businesses like real estate, legal, financial, oil and gas, etc.
Micro Business License: This license lets you start a small business. Because you won't require a physical office or a visa, this is the least expensive choice for a company license.
Service License: The license is suitable for service providers. Any business that provides service as a solution can apply for this license, such as delivery, insurance, etc.
Freelance License: Anybody willing to work as a freelancer should possess this license. The license can have an individual under their name, and there is no need for a brand or a company.
UAQ Free Zone Company Setup – Allowed Business Structures
You can choose from different types of business structures for your business setup in Umm Al Quwain. They are:
- Limited Liability Company
- Partnership Company
- Joint Venture
- Public Joint Stock Company
- Private Joint Stock Company
Umm Al Quwain Free Zone License Cost
Umm Al Quwain free zone company setup cost depends on the type of license you choose. The fees may further vary depending on the number of visas you want. Please get in touch with Gryffin Capitalist for any information about the company formation costs in the Umm al Quwain Free Zone.
Advantages of Umm Al Quwain Free Zone Company Formation
There are several benefits to starting a company in Umm Al Quwain Free Zone.
- Easy business setup process
- Cost-Effective Setup
- 100% Foreign Ownership
- It permits you to recruit foreign employees
- Simplified Regulations
- Less operational costs
- Supportive system and government
- Good workforce
Procedure for Umm Al Quwain Business Setup
Umm Al Quwain free zone business setup and mainland business setup are similar. The process of UAQ business setup is as follows.
Select your desired activity and the business structure you want to establish your firm. Simultaneously, choose the trade name for your business.
Select where you want to set up your business, either on the mainland or in the free zone. Depending on which, you have to proceed with the license application.
Choose a space for your business depending on the type of activity. For example, you might need a warehouse for trading or import-export business. On the other hand, for a service or professional company, you may need an office setup.
Please fill out the application form and submit it to the authority with all the required documents.
Now, pay the required fees and apply for a business license, depending on your chosen activity type.
Open a corporate bank account in UAE to make business transactions easier.
Documents Required for Company Formation in Umm Al Quwain Free Zone
- Copy of business plan
- Trading names
- Lease Agreement
- Partnership contract
- Address proof
- Passport copies of the partners
What our clients say
Gryffin Capitalist delivers exceptional service for hassle-free UAE freezone company formation. They offer step-by-step guidance, ensuring your business is operational quickly.
Setting up a freezone company in Dubai with Gryffin Capitalist is straightforward and efficient. The team provides expert guidance, ensuring compliance with all legal requirements.
Gryffin Capitalist simplifies Sharjah freezone company formation with its expert advisors and tailored services. They handled everything from documentation to licensing efficiently.
Why Choose Gryffin Capitalist?
The Umm Al Quwain Free Trade Zone offers an attractive option for businesses looking to establish themselves in the UAE, particularly due to its favorable tax regime, ownership laws, and strategic location.
Gryffin Capitalist with 7+ years of experience setting up businesses across UAE and middle-east, we can assist you with your company formation in UAQ Free Zone.
Quality Professionalism
Complete Privacy
Strong belief in long-term client relationships
Competitive Market Pricing
Global Footprint
Efficient and Transparent Process
Best Freezones to choose to start your Company
Our business consultants have chosen freezones which are ideal for start-ups, business owners, and SME companies. These freezone provide a quick company registration process and a complete ecosystem for businesses.
Frequently Asked Questions (FAQs)
Yes, UAQ allows business owners to enjoy 100% ownership.
Yes, the UAQ Free Trade Zone is one of the newly established Free Zones. It started in the year 2014.
No, it is not required to be physically present to acquire a Free Zone license.
No, UAQ allows business owners to start their ventures much more cheaply. The price starts from AED 8,000.
Yes, Umm Al Quwain allows professionals to do freelancing. For which you need a freelance license.