Start A New Business In Umm-Al-Quwain: Process To Follow

28th, Aug 2022 Team Global Biz

The Umm Al Quwain Free Zone is another of the United Arab Emirates' newest free zones, which opened for business last year. In the Emirate of Umm Al Quwain, the Umm Al Quwain Free Zone is situated close to the Dubai Airport and much closer to Sharjah. The same legal status and amenities as in any other UAE free zone will interest investors who wish to establish a business in Umm Al Quwain. 

Here, foreign entrepreneurs are permitted to own a business fully. If a firm is registered in Umm Al Quwain and with Dubai Customs, it is also permitted to use the seaports and airports of Dubai. 

With such advantages, Global Biz Set up extends its best business setup services in umm al Quwain. This blog outlines a few easy steps to set up a business. 

Business Licences in Umm Al Quwain

The Umm Al Quwain, Free Zone Authority, offers three different types of business licences to businesses and professionals working alone. Additionally, Umm Al Quwain residents can start a business using the service of Dubai-based company formation agents. One of the following business licences is available to foreign entrepreneurs opening up shop in Umm Al Quwain:

• A licence for trading or commercial operations
•  A licence for consulting or premium consulting
•  A licence for general trading activities that are well-liked by international investors

Foreigners can apply for a micro business licence or a freelancer licence if they want to start a sole proprietorship or engage in freelancing activities.

Large businesses may apply for an industrial licence if they wish to grow in Umm Al Quwain.

How to Start a Business in UAQ

The business setup is more easily available in Umm Al Quwain thanks to quick authorization processes and minimal waiting times. Here are the easy ways to start a business if you're looking for UAQ business's easy registration:

1. Opt for a Business Activity

Finalizing the business operation and obtaining the licence are the first and most crucial steps in forming a new corporation. Selecting a business activity is required to obtain a licence. This gives a permit to operate a business legally.

2. Office Space

Selecting a workplace is the sole purpose after obtaining a licence. You can go to any location that is both suitable and accessible. One can choose from many workplace options, such as an office, warehouse, workshop, or piece of real estate. 

3. Completing the application

You must fill up and submit an application form to the local authorities. After submission, you will receive an acknowledgment. An implied cost must be paid in order to speed up the Umm Al Quwain company application procedure.

4. Get a Licence

After submitting the application and making the necessary payments, apply for a business licence. In this case, one must send the required documents as requested by the authorities. Once you receive the approval, you can apply for a resident visa and even open a bank account immediately.

Both microbusinesses and SMEs are said to thrive in Umm Al Quwain. Therefore, business owners should consider establishing their new business here because it offers new entrepreneurs many opportunities for growth and development. In addition, UAQ has a low cost of living, and young entrepreneurs rarely have too many resources, making it an excellent location for business establishments in the UAE.

So, if you’re also looking to establish a new business in Umm Al Quwain, get associated with Global Biz Setup today and discover the best business setup services in umm al Quwain. We assist you in establishing your business in this booming market. This means managing all legal processes to support the establishment of open trade agreements for your firm and access to all of the area's cutting-edge conveniences.