It is possible to find endless business opportunities for starting investing successfully in the UAE. In this country, you can choose between the different emirates and locations to establish any kind of company. For example, you have the option of setting up a business in Umm Al Quwain. This emirate offers the best chances, advantages, and services for you, just like many other features.

In this article, you will learn everything you need to know about this location and its features. For instance, you’ll discover some relevant information about the company formation procedures to start building your business. Besides, we’ll explain the benefits and support services that investors can use to boost their companies. Let’s observe:

1. A brief overview of the Umm Al Quwain emirate.
2. What company formation options are available in this location?
3. What benefits does Umm Al Quwain offer to investors like you?
4. Available types of business entities you can choose.
5. Information about Umm Al Quwain Free Trade Zone.
6. How many business licenses are available in Umm Al Quwain?
7. How to set up a business in the emirate of Umm Al Quwain?
8. What documents will you need to register your company?
9. How much can cost to set up a new company in this location?
10. How can Connectfz help you set up a company in Umm Al Quwain?

1. A brief overview of the Umm Al Quwain emirate.

The Umm Al Quwain’s emirate is located 45km from Dubai, the most popular location in the country. Although this emirate isn’t as famous as Dubai, it’s among the most successful business hubs in the UAE. The main reason for this is that it has some key elements to be a strategic business base. Some of these elements are the following ones:

• Stable economy.
• Easy reach.
• Open investment climate.
• Low costs of living and labor.

Besides, it’s a highly profitable location for all industries and business sectors. For example, you can start a business in Umm Al Quwain in any of these industries:

• Oil and gas.
• Consulting.
• Construction and contracting.
• Agriculture and fishing.
• Education.
• Technical services.
• E-commerce business.
• Tourism and hospitality.
• Media and entertainment.
• General trading.

Here you can learn about the offshore business setup process in Dubai and the UAE.

2. What company formation options are available in this location?

As an investor, you are free to choose the most suitable option according to your needs. Nonetheless, you must always keep in mind that each location has its own rules and regulations. Similarly, each of them offers different advantages to help your business grow. Therefore, let’s take a brief look at each option of business in Umm Al Quwain.

2.1. Umm Al Quwain Mainland.

Setting up a mainland company in UAQ is an excellent option for investors like SMEs, startups, and more. However, it is necessary to meet some requirements before start operating a business here. For instance, the investor will need a local sponsor to hold 51 percent of the company’s shares. Also, there have to be at least 2 partners and a maximum of 50.

2.2. Umm Al Quwain Free Zone.

On the other hand, having a free zone company is also a profitable idea. Due to the emirate’s geographical dimensions, you will only find one free zone available in UAQ. This location is known as Umm Al Quwain Free Trade Zone. Here you obtain several advantages and opportunities, especially if you’re a small business entrepreneur.

Here you can learn more about Umm Al Quwain and the business setup process in this emirate.

3. What benefits does Umm Al Quwain offer to investors like you?

In UAQ, you can find several benefits for all different types of company formations or company structures. However, all of these options share some common advantages, which are the following ones:

• Strategic location: its geographical location turns out to be very strategic for doing business. Umm Al Quwain is perfectly located in a place where investors have easy access to billions of customers. Besides, investors also have access to markets in the MENA region, Europe, and the Far East.
• Efficient setup process: this is probably the most recognized benefit of Umm Al Quwain. The entire company formation process in this emirate takes from 1 to 2 weeks approximately. After waiting this period of time, you’ll be able to start operating your company immediately.
• A variety of available business licenses: regardless of the type of company formation you choose, you can apply for different licenses. For instance, you apply for a commercial, service, industrial, consultancy, freelance, or microbusiness license, according to your requirements.
• Affordable licenses: besides finding a variety of licenses, you can also find affordable costs for these licenses. License fees in this location are around AED 13,500. However, this cost could vary if you request resident visas.
• Great opportunities for small entrepreneurs: if you’re an investor with a small budget, you’ll have the best advantages here. Small and medium enterprises can receive many incentives as backing from the government.
• Personal presence is not a requirement: you can also set up your company even if you’re abroad. All you need to do is signing the relevant documents and courier them to the appointed agent. This agent is the one who will finish the registration process by the UAQ authority on your behalf.

Here you can learn 5 reasons why UAQ is an excellent option for setting up a company.

4. Available types of business entities you can choose.

According to the type of business you want to start, you have the opportunity of choosing between the following options:

• Free Zone Company.
• Free Zone Establishment.
• Branch Office.
• Limited Liability Company.
• Partnership Company.
• Joint Venture.
• Private Joint Stock Company.
• Public Joint Stock Company.

Here you can learn how to open a foreign company branch in the UAE successfully.

5. Information about Umm Al Quwain Free Trade Zone.

Operating a business in Umm Al Quwain can be even more favorable in its free trade zone. It is conveniently located within 45 minutes from Dubai International Airport. In this location, you can find a prosperous business community where you have the opportunity to achieve your goals. Besides, it offers the advantages you need to boost your company.

With a safe environment and the necessary support services, this place is perfect for conglomerates, SMEs, and micro-businesses. Moreover, UAQ FTZ has the necessary infrastructure to help investors develop modern and efficient companies. If you want to know about the other benefits it offers, you can find them below.

5.1. Benefits that UAQ FTZ offers to investors.

Among the most outstanding benefits of this location, you can find the following ones:

• Full repatriation of profits and capital.
• The investor can hold 100 percent of the company ownership.
• Full exemption from corporate and personal tax.
• Total exemption from import and export tax within the free zone.
• There’s a wide range of allowed business activities.
• No currency restrictions.
• There are modern and business-friendly rules and regulations.
• The registration process is very simple and fast.
• There’s excellent customer support.
• Due to the strategic location, all companies have access to over 2 billion consumers.
• There are no restrictions on hiring foreign employees.
• UAQ FTZ offers hi-tech facilities, which include warehouse, office, and land availability.
• There are two international airports and major seaports nearby.
• Investors can enjoy special concessions at UAQ’s seaport.

6. How many business licenses are available in Umm Al Quwain?

Before getting started, you need to define your business activities to open a business in Umm Al Quwain. After choosing your activities, you’ll have to choose a business license that covers them all. For example, if you’re going to carry out trading activities like buying and selling, you’ll need a commercial license.

Some of the available business licenses are these:

• Trading/Commercial license.
• General Trading license.
• Consultancy license.
• Service license.
• Industrial license.
• Freelance permit.
• Microbusiness license.

The Umm Al Quwain trade license inquiry will be the next step, in which you’ll need to submit certain documents. For instance, you have to submit your application form. Also, it’ll be necessary to process the payment.

Here you can learn about the available types of Mainland Trading License in the UAE and their benefits.

7. How to set up a business in the emirate of Umm Al Quwain?

When completing the company registration in Umm Al Quwain, you must follow these steps:

• Firstly, choose your type of license and entity.
• Secondly, select the facilities you need.
• Thirdly, submit your documents and process the payment.
• And lastly, receive your issued license and start operating your company.

However, you might need to follow additional steps depending on the type of company formation you choose.

8. What documents will you need to register your company?

Before start registering your company, you’ll need some documents first. However, these will vary according to the type of company formation you choose. For example, these are the main documents for each option:

For free zone company formation:

• The application form.
• A passport copy of the manager.
• Copies of the directors’ and shareholders’ passports.
• Proof of address of the shareholders.
• The Memorandum and Articles of Association.

For mainland company formation:

• Copies of CV and passport of the general manager.
• Copies of the directors’ and shareholders’ passports.
• Lease agreement for workspace, which should not be less than 550 square feet.
• Notarized and attested Memorandum and Articles of Association.
• Notarized and attested POA appointing the legal representatives of the company.

For a branch office:

• The application form.
• The certificate of incorporation.
• A passport copy of the manager.
• Proof of address of the manager.
• The Memorandum and Articles of Association.
• The Board Resolution and Power of Attorney.

9. How much can cost to set up a new company in this location?

Although this emirate offers low costs, these can vary depending on certain elements. For example, the location or jurisdiction, among other details, can make a significant difference. Other elements that can do this could be the type of license, legal structure, facilities, and more. However, here you’ll see an approximate cost for setting up a business in Umm Al Quwain.

In UAQ FTZ, the cost for setting up a free zone company ranges between AED 13,500 and AED 27,500. But, as we previously mentioned, some factors have an important influence. On the other hand, opening a mainland company could cost around AED 43,900. This approximate cost takes into consideration licensing, approvals, and other important fees.

Here you can learn about the UAE Free Zone labor regulations and its COVID-19 update for all investors.

10. How can Connectfz help you set up a company in Umm Al Quwain?

The best way to open a business in Umm Al Quwain is by working with a reliable partner. Having a professional business setup partner like Connectfz is your best choice. Our guidance and support services will help you complete the registration process efficiently. Besides, you’ll be able to choose between the many affordable packages that we offer.

Our packages include different licenses and other elements, like shared facilities, warehouses, and offices. You can customize your package according to your business needs and we’ll make sure to fulfill them. Also, if you want to enter the local market quickly, feel free to request our UAE market entry services.

Moreover, if you have already established your business, you can still keep receiving our services. Our other services will help you improve your company’s operations exponentially. For example, finding new employees is easier with our recruitment or staff outsourcing services. On the other hand, you can use our visa services, payroll services, and many more.

Would you like to contact Connectfz to obtain more information about the business setup process in the emirate of Umm Al Quwain? If you have any questions, call us on +97143316688. You can email us at info@connectfz.ae, and you will talk to one of our representatives who will answer your questions.