Umm al Quwain
The least populated Emirate of the United Arab Emirates is Umm al-Quwain, which is located on the West Coast of the nation between two different Emirates, Ajman and Ras Al Khaimah. It even has the smallest surface zone contrasted with other Emirates. The Umm Al Quwain Economic Department has been pushing the growth of the Emirate concerning its economic stability.
The economy of Umm Al Quwain is flourishing through being a tourist spot also having fishing as a contributing factor. It is a seafood exporter that has Europe and the Middle East as its primary customers. “Besides these, Umm Al Quwain’s business set up has been remarkably being known in the nation”. Trading and construction organizations in Umm Al Quwain swarm the spot, along with other industries that are thriving there too.
Business setup in Umm Al Quwain Mainland
Starting a business in Umm Al Quwain mainland requires meeting certain requirements. There must be at least two partners and a maximum of 50 for each company. If all partners are expatriates, they must secure a local sponsor (UAE national) who will hold 51% of the company’s shares, which is mandatory according to UAE law.
For those who are unaware of the process of setting up a company, it’s important to seek guidance from business setup experts. Ascentia Corporate Services is here to help answer your questions and provide information on how to start a business in Umm Al Quwain. Our team of experts will assist you in every step and handle all necessary preparations, so you can focus on your plans without any stress.
- No currency restrictions
- No mandatory annual auditing
- Lease office anywhere
- Conduct business with local market
- No restriction on the number of business activities
Call Us To Carry Your Business Forward!
For The Trust And Accuracy Beyond Numbers, Consult Our Accountants Today!
Let’s Talk About Your Needs & See How We Can Help
At Ascentia Corporate Services, meet an experienced team of qualified business consultants willing to assist you through the challenging procedure of Company Setup in Mainland Umm Al Quwain. Just put your trust in us and let our professionals handle everything for you.