Business Setup in Umm Al Quwain
Umm Al Quwain, situated on the west coast of the United Arab Emirates, is another business destination that provides excellent chances for corporate organizations. 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 endeavors.
Umm Al Quwain is regarded as one of the top locations for company setup that is inexpensive, hassle-free, and fast. It develops a vibrant, cozy, and enjoyable working atmosphere. In addition, UAQ allows mainland and free zone business setup.
Umm Al Quwain Mainland Business License
Mainland business setup in Umm Al Quwain allows starting 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, counseling, 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 Free Zone License
You should obtain a relevant license for setting up a business in 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: It allows trading goods and materials authorized by the UAE government. However, other things like explosives need special permission.
Consultancy License: This license is intended for businesses that wish to provide knowledgeable or qualified advice. All professions are granted this form of license.
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 like delivery, insurance, etc.
Freelance License: Anybody willing to work as a freelancer should possess this license. This license can be obtained by an individual under their name and there is no need for a brand or a company.
Umm Al Quwain Business Setup – Allowed Entities
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 costs may further vary depending on the number of visas you want. Please contact Gryffin Capitalist for any information related to the company formation costs in Umm AL Quwain Free Zone.
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 in the mainland or 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.
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.< /p>
Documents Required for Company Formation in Umm Al Quwain
Why Choose Gryffin Capitalist?
Want to start a business in Umm Al Quwain and need clarification on the details and nuances of the business setup process? Worry not; Gryffin Capitalist are here to help you. With 5+ years of experience in setting up businesses across UAE and middle-east, we can address your pain points and provide quick business setup procedures. Contact us today.
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