According to resolution No. 5 for 2022, which was issued by His Highness Sheikh Saud bin Rashid Al Mu’alla, a member of the Supreme Council and the ruler of Umm Al Quwain, implies that the fines collected on business entities in the UAQ emirate that are registered with the Department of Economic Development for delayed or terminated licenses must be cancelled.
The resolution which will go into effect on the day it is issued, be effective through December 31, and be released in the Official Gazette, will encourage the UAQ emirate’s citizens and businesses. The resolution further states that the UAQ Department of Economic Development shall offer suitable assistance in accordance with pertinent requirements.
A brief about Umm Al Quwain
A vibrant, pleasant, and engaging workplace environment is generated by Umm Al Quwain, which has been nicknamed the “free zone of the future.” Due to its stable economy, welcoming investment environment, and affordable labour costs, the emirate has experienced tremendous growth since its formation in 2014, making it an attractive commercial hub in the United Arab Emirates.
The free zone’s advantageous geography, adjacent to the main seaports in the United Arab Emirates and the international airports in Dubai and Sharjah, contributes to its appeal.
HLB HAMT will assist you in setting up a business in Umm Al Quwain on schedule and within your budget. Our experts handle the correct documentation for government registrations, company secretarial services, visa services, and other approvals.
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Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
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Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
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