UAQ Mainland

Business Setup in UAQ Mainland

The least populated Emirate of the United Arab Emirates (UAE) is Umm al-Quwain (UAQ) that is situated on the West Coast of the nation between two other Emirates, Ajman and Ras Al Khaimah. It even has the smallest surface area compared to the other Emirates.

The Umm Al Quwain Economic Department has been pushing the development of the Emirate in terms of its economic stability. The economy of Umm Al Quwain is thriving through it being a tourist spot as well as having fishing as a contributing factor. Because of the latter, it is a seafood exporter that has Europe and the Middle East as its main clients. Aside from all of these, Umm Al Quwain business set up has been notably being known in the country. Trading and construction companies in Umm Al Quwain swarm the place, along with other industries that are booming there as well.

Similar to other Emirates, company formation in Umm Al Quwain mainland has a list of requirements for business owners to start. First off, there should be at least two partners and a maximum of 50 for one organization. If everyone is an expatriate, they need to find a local sponsor who will have 51% of the company’s shares. This is necessary as per the law of the UAE.

There are a lot of business owners who are not familiar with forming a company and that is why business setup consultants in Umm Al Quwain are the people that you need for you to understand more before you begin with your plans. These people will answer your pressing query of how to start a business in Umm Al Quwain and further information that you need to satisfy your plans. They won’t even simply guide you, they will also ensure that all the processing will be handled by them so you wouldn’t have to worry about it all. They will manage the procedures that the concerned departments require, like the Umm Al Quwain Economic Department. There are a lot of reasons why you should find a company formation consultant UAQ, and the latter is one of the most important ones.

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