Company Formation in Umm Al Quwain

Hassle-Free Company Formation in Umm Al Quwain

Umm Al Quwain may be the lesser-known Emirate in the United Arab Emirates, but it is full of potential when it comes to business, just like the other Emirates. The up-and-coming state is located near Dubai and Sharjah, which provides a great spot for international access. Umm Al Quwain is the least populated state in the UAE, but it is a tourist hot spot because of its desert landscape and unique flora. The state is considered one of the best low cost, hassle-free, and profitable places for company formation.

Easy UAQ Company Formation with MSZ Consultancy

Umm Al Quwain is known for being a great spot for micro-businesses as well as SMEs. The area is constantly growing, so there is a ton of potential for new businesses to get setup and see their company flourish. Here are the steps for Umm Al Quwain company registration

Select a Business Activity

The first step to forming a new company is to figure out what type of business you will be doing. This is a crucial step for any business in the UAE. Without selecting your business activity, you won’t be able to get your business license. A company cannot operate anywhere in the UAE without a business license.

01

Secure Office Space

You’ll then have to find the place for your company. This could be an office, warehouse, workshop, or land. UAQ has plenty of commercial spaces to rent or buy.

02

Complete Application

Your application form will need to be filled out and sent to the correct authorities. After you submit your application, you will be given an invoice that will have to be paid in full.

03

Apply for a License

After you pay all the necessary fees, you will need to apply for a business license and submit any other documents that are required. After your license is issued, you’ll be able to apply for a residence visa and open a bank account.

04
Documents Required
Valid Copy of Your Passport
Naturalization Identification of UAE Nationals
Valid Copy of Partner’s Passport
Branding Certificate
Notarized Contract of Partnership
Copy of Lease
Copy of MOA
Copy of Business Plan
Types of Company Formations in Umm Al Quwain

There are many laws and regulations that come with Umm Al Quwain company formation. Each area has its own set of laws. In Umm Al Quwain, you can choose between doing business in the Mainland or the Free Zone. MSZ Consultancy will help make sure you understand all the regulations and licenses needed to do business in the area you choose.

Umm Al Quwain Mainland
Umm Al Quwain Mainland

The UAQ is ideal for conglomerates, startups, and SMEs. There are plenty of leasing options for those types of businesses on the Mainland. On the Mainland, there need to be at least two partners and a maximum of 50. If you live outside of the country, you will need a local sponsor that will require 51% of the shares in the company.

Umm Al Quwain Free Zone
Umm Al Quwain Free Zone

There is just one Free Zone area in Umm Al Quwain. This area is ideal for small business entrepreneurs. A big draw to this area is its close proximity to seaports in the UAE and the international airports of Dubai and Sharjah. Because of this great location, you’ll have access to over two billion consumers. Some other bonuses of forming a company in the Free Zone are that foreign employees can be hired, there’s 100% company ownership, and there are plenty of offices and warehouses available.

Getting a License in Umm Al Quwain

There are many business license options available for companies in UAQ. A business license is a necessity in order to make a business happen in the UAE. The license will be issued by the UAE government and by officials in Umm Al Quwain. Here are the types of licenses that are available for businesses

Commercial License

A commercial license allows you to engage in buying and/or selling activities. It also allows you to provide a specific type of service. A commercial license can have three different product lines or 10 similar product lines.

General Trading License

This will let a company trade in a wider range of activities and gives the freedom and flexibility to trade in any materials that are permitted within the UAE. However, there are certain items, like explosives, that need special approval or clearance from UAE authorities.

Consultancy License

This license is for companies that want to offer expert or professional advice. This type of license is also given to all professionals, including artisans and craftsmen.

Micro Business License

You can start a low budget company with this business license. Trading or consultancy businesses are the most popular options with this license. This is the cheapest business license option because you won’t need a physical office or a visa.

Freelance Permit

If you plan on freelancing, you’ll need this license. You can conduct business in your birth name, as opposed to a brand name or a company name. This type of license is designed for those in technology, media, film, creative roles, and some administrative roles.

Service License

Companies like courier services, insurance service providers, travel agencies, tour services, and car rental companies will need this type of license. These types of businesses must be carried out in the UAQ Free Zone.

Service License
Advantages of Company Formation in Umm Al Quwain

Umm Al Quwain is known to investors for its safe and secure business environment. Not only that, but there is an ideal tax regime and affordable living conditions. Here are some other benefits that make company formation in Umm Al Quwain hard to beat: 

  • Infrastructure
  • Low-cost business operations
  • Investor-Friendly Rules
  • Quick Business Formation
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Business Entities for Company Formation in Umm Al Quwain

When it comes to forming a company in Umm Al Quwain, you will have to first figure out what type of structure you will have. Here are several corporate entities that are allowed in UAQ:

  • Limited Liability Company – This is most often referred to as an LLC. This type of structure is the most common. It allows a minimum of two and a maximum of fifty partners for the company to be setup. Each partner is liable for the company only to the extent of their shares in the capital
  • Partnership Company – Two or more partners are jointly liable for all their money in the company’s obligations with this type of structure.
  • Joint Venture – Two or more partners share a profit or loss in this company setup.
  • Public Joint Stock Company – This type of company has a capital that is divided into shares of equal values. The partner is only liable to the extent of its contribution.
  • Private Joint Stock Company – This type of company setup requires at least three founding people. The capital is divided into negotiable shares of equal value. Each partner is responsible for the extent of their shares in the capital.
Quick and Easy UAQ Company Formation with Expert Business Consultants

If you need help forming a company in Umm Al Quwain, then look no further than MSZ Consultancy. We are a leading consultancy firm with expertise in UAE business. We have been helping entrepreneurs successfully establish their business in the UAE for over 15 years. Leave the details to the experts at MSZ Consultancy for your company formation needs in UAQ. What are you waiting for? Call us today at 971 52 544 1248 for your free consultation.

Company Setup & Company Registration

We are an expert team of business setup consultants. We specialize in all forms of company formation in the UAE. We will help you with financial questions, legal suggestions, and all the paperwork and procedures needed to form your business in Umm Al Quwain.

Trademark Registration

You worked hard to build your brand, so we will help you protect it. We offer all trademark registration and copyright help.

Local Sponsorship

A local sponsor will help you understand the local policies. MSZ Consultancy will help you find someone reliable to serve as the local sponsor for your company.

PRO Services

We offer public relations officer services to help you through formalities like passport clearance, visas, opening a bank account, and more.

Bank Account Assistance

Opening a corporate bank account in the UAE will vary from bank to bank. We will work with you to make sure you have all the necessary documents and ensure the process is a smooth one.

Product Registration

If you plan on importing or locally manufacturing products, you will need to register your products. This will help with label and brand protection and make the trading process easier. We will help you out and make sure you get everything registered correctly.

Business Centers

We can save you the trouble of looking for an office with our business centers. We have access to strategically located office spaces in the best areas for your company.

Tax Consulting

Let us handle your taxes. From preparation to negotiations, we’ve got you covered. We can help your business run smoothly and see that you get the most out of your taxes.

Value Added Tax (VAT) Registration

It is mandatory for some companies to register for VAT. We offer all the services to make sure your company is in compliance with the rules and regulations set by the Federal Tax Authority.

Legal Advisory

The team at MSZ Consultancy is extremely knowledgeable on all the rules and regulations in the UAE. We offer legal advisory on UAE federal and international laws. And when it comes to making legal decisions, we will handle all the requirements for your business setup.

Setting Up a Branch Office in UAQ

If you’re looking to setup a branch office for your foreign parent company, we can help you with that too. Our expert consultants will give you all the information you need to acquire the paperwork and licenses you need for your branch office.

Intellectual Property Protection

We provide consulting services and advice on intellectual property protection, like trade work and copyright services.

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