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UMM AL QUWAIN mainland
Why Set a Business in UAQ?
Commencing a business in Umm Al Quwain mainland proves to be an ideal choice, particularly for conglomerates, startups, and SMEs, owing to its investor-friendly environment. Businesses can capitalize on cost-effective leasing options, growth opportunities, and more in this promising region.
In Umm Al Quwain Mainland, thriving industries include construction, trading, and various other sectors with both local and international influence. The UAQ Department of Economic Development facilitates the acquisition of relevant business licenses, enabling entrepreneurs to successfully establish and operate their ventures. Similar to other Emirates, Umm Al Quwain Mainland offers diverse business structures like Joint Partnership, Public and Private Joint Stock Companies, Sole Proprietorship, Branch Offices, LLC, among others.
UMM AL QUWAIN DED
Department Of Economic Development
8,000/- AED
Professional Trade License
UAE Investor Visa
100% Business Ownership
Office Solution
Bank Account Assistance
Medical Test & Emirates ID
Start Business Assistance
Business Setup Options In Umm Al Quwain:
For those looking to establish a business in Umm Al Quwain (UAQ), selecting an appropriate business structure is paramount. Here are the various corporate entities allowed in UAQ:
Limited Liability Company (LLC): Requires a minimum of two and a maximum of fifty partners, each liable to the extent of their shares in the capital.
Partnership Company: Involves two or more partners who are jointly liable for all financial obligations.
Joint Venture: Involves two or more partners sharing profits or losses, with limited applicability to the relationship between partners.
Public Joint Stock Company: Capital is divided into equal-value shares, with a minimum capital share requirement of 10 million dirhams.
Private Joint Stock Company: Requires at least three founding individuals, fully subscribing to the founding capital, and liable to the extent of their shares in the capital.
BUSINESS SETUP PROCEDURE IN UAQ:
Business setup in Umm Al Quwain is facilitated by short approval times and low waiting periods. For those seeking quick company registration in UAQ, the following steps can be followed:
Select a Business Activity: Choose a business activity to finalize the license, a crucial step in obtaining approval to operate.
Office Space: Choose a suitable workplace, such as an office, warehouse, workshop, or land, based on your business needs.
Fill an Application Form: Submit a filled application form, and upon submission, an invoice will be provided. Payment of the invoiced amount expedites the business registration process.
Apply for a License: After paying the fees, apply for a business license, submitting required documents as specified by authorities. Once obtained, the license facilitates the application for a residence visa and the opening of a bank account.
BUSINESS LICENSES IN UAQ:
Several business licenses are available in UAQ, including:
- Commercial License
- General Trading License
- Consultancy License
- Micro Business License
- Freelance Permit
- Service License
Benefits of Starting a Business in Umm Al Quwain:
Commencing a business in UAQ comes with various benefits, including:
State-of-the-Art Infrastructure: UAQ’s revitalization plans aim to transform it into a sustainable industrial smart city, making it an ideal choice for startups and SMEs across various sectors.
Low-Cost Operations: UAQ Free Trade Zone offers an economically attractive option, providing quality services from trade licenses to office spaces and warehousing at competitive prices.
Investor-Friendly Guidelines: UAQ boasts investor-friendly rules and regulations, including no proof of capital requirements, simplified paperwork, and modern business laws.
Fast Business Formation: With expert consultation, businesses can swiftly set up in UAQ Free Trade Zone, tapping into a network of professionals to guide them through the setup process.
Business Setup Services by AVA in UAQ:
Navigating the complexities of setting up a business in a foreign land can be challenging. Aura Vision Advisors, as business setup consultants in UAQ, offers a range of services, including company setup, registration, local sponsorship, PRO services, accounting, auditing, tax consulting, VAT registration, legal advisory, branch office setup, and intellectual property protection. Entrust your business setup journey to Aura Vision Advisors for comprehensive and expert assistance.
As Dubai-based business consultants, we aid global investors in establishing their envisioned business ventures in Dubai and across the United Arab Emirates.