Business Setup in Umm Al Quwain
Umm Al Quwain is one of the least-known Emirates in the UAE. It creates a dynamic, comfortable, and pleasant workplace culture. HLB HAMT will assist you set up business in Umm Al Quwain on time and on budget. Our professionals take care of approvals, Company Secretarial services, registrations with authorities and visa formalities.
Umm Al Quwain might be one of the latest entries in the list of free zones in UAE, but it has gained immense popularity since its formation in 2014. Dubbed as a ‘free zone of the future’, Umm Al Quwain’s stable economy, open investment climate and low costs of living and labour make it an ideal business hub in UAE. The strategic location of the free zone, which is close to the primary seaports in UAE and the international airports of Dubai and Sharjah, adds to its popularity.
Benefits of Business Setup in Umm Al Quwain
- 100% direct tax-free.
- 100% company ownership.
- 100% repatriation of capital and profits.
- No restrictions on hiring foreign employees.
- No share Capital Requirements.
- Cost-effective leasing options for office space and warehousing.
Types Of License
- Commercial License
A commercial license that permits the import, export, distribution and storage of products, can have 10 similar or 3 different product lines.
- General Trading License
A general trading license makes trading possible in a vast range of sectors, excluding few ones such as tobacco, alcohol, pharmaceuticals and crude oil.
- Consultancy License
Entities that offer expert or professional advice require a consultancy license.
- Premium consultancy
This license allows consultancy across diverse sectors that include Real Estate, Tourism, Oil and Gas engineering, Legal, Financial, Investment, Shipping and Logistics and Aviation.
- Micro Business License
If you do not need a physical office or a visa and your budget is low, then Micro business license is the best option for you.
- Freelance permit
With the help of a freelance permit, one can conduct business in their birth name. The license is designed for people who function in technology, media and film sectors, and is issued to talent, creative and selected administrative roles.
- Service license
A service license permits activities such as logistics, courier services, travel agency and car rental.
Types of companies
- Free Zone establishment
- Free Zone Company
- A branch of an existing company.
Type of Company Setup in Dubai
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