Benefits of Business Setup in Umm Al Quwain
The key features that attract investors to UAQ are enumerated below. Even though one of the less known entities in the UAE, UAQ is gaining popularity rapidly. It is expected to outperform many of the emirates in business development in the near future.
- Expatriates and entities are exempted from income tax and corporate tax
- Expats can have 100% ownership of the company
- You can transact on the currency of your choice or multiple currencies
- Multiple visas for recruiting foreign labour
- Zero export and import customs duty
- Great infrastructure facilities
- Complete repatriation of profit permitted
- Comparatively less operational costs
- Cost-effective warehousing facilities
Business Licenses in Umm Al Quwain
Business firms can obtain the license according to the type of their products, service or business. The procedure to be pursued for the license, the regulations, the limitations concerning the activities that can be performed etc will depend on the type of the license.
Industrial License – The firms performing industrial activities like assembling, manufacturing, and moulding must have an industrial license. They can import raw material and components for production and export the final product.
Commercial License – Commercial activities such as selling products, trading on goods and other similar businesses will need a commercial license. They can procure goods and products, store those, distribute to sub-vendors and sell.
Consultancy License – Those firms with professionals providing consultancy services must get a consultancy license during the business set up process.
General Trading License – Big firms considering the trading of multiple products opt for a general trading license. The entity can trade on up to ten different products with this license. Thus opening up extensive growth opportunities.
Freelance Permit – This is a unique type of license. The freelance permit authorizes people to function and do business using their original name. Film artistes, media persons, celebrities in other fields, technical experts etc can have this license. A freelance permit is issued for supporting art, artists, media and technology and encouraging them.
Micro Business License – Micro-business license is for those companies that have a comparatively low functioning budget. They are authorized to perform business from virtual offices with lower capital than other businesses.
Premium Consultancy Services – Compared to normal consultancy, premium consultancy extends support to firms in large sectors including logistics, real estate, tourism, oil and gas, legal aspects and so on.
Business Setup in Umm Al Quwain with Kiltons
Kiltons business setup services group began its journey even before the UAE was formed. Since then the organisation has been expanding by commencing business operations in diversified fields in different locations. Kiltons Business Setup Services was established in 1999. We have been serving clients with utmost dedication and honesty for more than two decades.
It makes us proud to find several of the businesses set up by us performing excellently in their field and growing. The expert professionals in our firm are the mainstay that enables us to devote 100% to our clients. With exclusive budget-friendly packages and relentless efforts, we deliver unparalleled results.
You can talk to us regarding your business requirements, and objectives. We will provide you with the best solution for the way ahead. And will assist you in your company formation in Umm Al Quwain. We will conclude the setting up formalities in the shortest possible time. Therefore, you can commence the business operations at the earliest.
Are you looking for a business setup in Umm Al Quwain? Allow us to help you. Contact us now.