Types of Business Licenses Available in Umm Al Quwain

Umm Al Quwain, one of the seven emirates in the UAE, is an attractive destination for business setups. Its strategic location, investment incentives, and robust infrastructure make it a hotspot for entrepreneurs. To establish a business in Umm Al Quwain, obtaining the correct business license is crucial, as each business activity requires a specific type of license.

If you are considering a business setup in Umm Al Quwain but lack knowledge about the various licenses, this article will provide comprehensive insights. It covers all types of licenses available in Umm Al Quwain, their associated fees, and other relevant details.

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Types of Umm Al Quwain Licenses

  1. Commercial License

A commercial license is issued to businesses involved in the purchase and sale of goods within or outside the UAE. It permits activities such as import, export, storage, and distribution of the items listed on the license.

  1. Consultancy License

This license is for business consultants providing expert advice in various fields like HR, marketing, management, accounting, tourism, interior design, and sports consultancy.

  1. Industrial License

Businesses engaged in manufacturing and production must obtain an industrial license. This license requires a physical office or warehouse. The UAQ Free Trade Zone offers leasable land units with low operating costs for industrial activities.

  1. Freelance Permit

A freelance permit allows individuals to operate as freelancers, conducting business under their own name. It is ideal for professionals in technology, media, film, and other creative and administrative roles.

Steps to Obtain a Business License in Umm Al Quwain

  1. Choose the Right Type of License

Selecting the appropriate license is crucial based on the nature and scope of your business activities. Decide on the business activity and company structure to choose the correct type of license.

  1. Choose a Business Entity

Select a business entity that best suits your business activity. Options include:

– Free Zone Establishment: Suitable for small businesses with a single shareholder.

– Free Zone Business: For larger enterprises with two to fifty shareholders.

– Branch Office: Allows setting up a local or foreign company branch.

  1. Submit Required Documents

After choosing the business necessities like an office or warehouse, select a trading name, receive approvals from the authorities, and gather the necessary documents. Submit these documents to the relevant authority to acquire a trade license.

  1. Fee Payment

Complete the visa processing and pay the required fees issued by the authorities. Upon payment, the government will issue the Umm Al Quwain trade license, allowing you to conduct business activities.

Documents Required to Obtain a Trade License in Umm Al Quwain

The required documents include:

– Passport copies of shareholders, directors, and the manager.

– Address proof of shareholders and the manager.

– Utility bills, bank statements, driver’s license, etc.

– Memorandum of Association (MOA) and Articles of Association (AOA).

– Incorporation Certificate.

– Power of Attorney.

– Board Resolution.

– Application Form.

Conclusion

The diverse range of licenses available in Umm Al Quwain caters to various industries and sectors, providing opportunities for entrepreneurs of all scales. This flexibility contributes significantly to the economy and attracts investors globally. However, navigating the process of obtaining the right license can be complex without professional assistance.

Unicorn Global Solutions can help you choose the appropriate license and select the best infrastructure and location for your business. Our experts offer a hassle-free process, making major decisions and procedures easy to handle. Contact us today for a seamless business setup experience in Umm Al Quwain! Text us on WhatsApp or call us today.

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