Out of seven emirates of UAE, the least known emirates is Umm Al Quwain. This is located near Sharjah and Dubai, which is in the developing stage. The least populated State of UAE is UAQ. The second smallest state of UAE is UAQ. Emirate has unique flora, fauna and desert landscape that has a popular holiday destination. The thriving emirate has a modern infrastructure.
SMEs and micro-businesses are the good ones to set up at Umm Al Quwain. Entrepreneurs set their new businesses at UAQ, due to the potentiality of new business persons to develop and progress their business. UAQ has a low cost of living, thereby entrepreneurs may have less resources and seem to have an ideal place for the business set up at UAE.
The UAQ has the reputation among foreign investors with modern management and flexible licensing. The business set up at UAQ is hassle-free, low cost and profitable business ventures available worldwide.
The Main Benefits of starting a business at Umm Al Quwain:
The Free Zone of Umm Al Quwain
In UAE, the latest entries in the list of free zones is Umm Al Quwain. This has gained popularity since 2014. The stable economy of Umm Al Quwain, low costs of living, its open investment climate and labour makes an ideal free zone of business in UAE. The primary seaports in the UAE, is closer to the strategic location of the free zone that has International airports of Sharjah and Dubai to add the popularity.
There are different licenses offered under UAQ free zone such as :
The Mainland of Umm Al Quwain
It is ideal to start a business at the Umm Al Quwain mainland preferably the startups, SMEs and conglomerates. This usually offers an attractive environment for the investors. Companies leverage leasing or renting option, growth opportunities and so on.
The UAQ mainland has activities such as trading, construction and business industries that thrive locally and Internationally. The economic development department of UAQ provides relevant business license based on the requirement and ensure the entrepreneurs to set up their own business. The UAQ mainland renders business structures such as Public, Private Joint Stock Company, Joint Partnership, Branch office, Sole Proprietorship, LLC and more.
The business setup at Umm Al Quwain
One needs to select a suitable business structure for establishing a business at Umm Al Quwain. Different options are available to look for the various corporate entities allowed in the UAQ.
Ways to Set up a Company in UAQ
When you want to set up a business at Umm Al Quwain, through low waiting periods and short approval times, it becomes more accessible. If you need a quick UAQ company registration, you have to follow some steps.
Choosing a Business Activity
The important step one must take to set up a new business is finalizing the business activity. This leads to the license completion, where choosing an activity becomes essential to get a business license. One requires a license to operate the business.
The Office Space
When you opt to choose a workplace, select a place that is feasible for your work. You can go for different kinds of workplaces that would include a warehouse, workshop, land or an office. It may depend on what you like or you need.
Application Form Filling
You have to fill an application form and sent to the authorities. You would get an invoice after the submission. You must pay the mentioned amount to speed up the process of business registration at Umm Al Quwain.
Obtaining the License
After paying the fees, you have to apply for a business license. The required documents must be submitted to the authorities. You can apply for a residence visa, after obtaining the license. On additional terms, you can open your bank account too.
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