Umm Al Quwain Trade License Fees And Total Business Registration Cost

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Umm Al Quwain Trade License Fees And Total Business Registration Cost

Umm Al Quwain Trade License Fees

Umm Al Quwain Trade License Fees for doing commercial trading in UAE. Since this is the smallest Emirate in UAE, it is best suited for starting a business. So start now without wasting any time.

Though it is in UAE, the Emirate is the opposite of Dubai in technology and development. Therefore the cost of starting a business in the Umm Al Quwain free trading area is really very less.

Finally, the first thing you need to get before setting up a business is getting a valid Trade License. In addition, there are different types of licenses for different types of business. But if you want a trade license, you will need a Commercial License.

There are 5 different licenses:

  • General Trading License
  • Consultancy License
  • Service License
  • Freelance Permit
  • Industrial License

Trade License

There are a number of licenses available for doing different types of business in Umm Al Quwain. But there are two types of Trade License which are described below.

1. General Trading License

This is a popular trading license for international traders. In addition, a general trading license gives you the authority to trade almost all type of products except the following:

  • Tobacco
  • Alcohol
  • Pharmaceuticals
  • Crude oil

Benefits of General trading license are:

  • It gives you the freedom to trade a wide range of products
  • Also, you are authorized to trade in any commodity permitted in UAE

Note: Since some Commodities will require special approval from any UAE authorities. (like explosives and armaments). Therefore they will not be allowed for trading with General Trading license.

2. Commercial License

All types of commercial businesses can be performed under this license. Therefore this is the most common license for many of the small and large businesses in UAQ.

Finally, when you get a commercial trade license you will be authorized to do:

  • Importing
  • Exporting
  • Distribution
  • Storing the Products

Product Lines allowed in the commercial license:

  • 3 different
  • 10 Similar

Umm Al Quwain Trade License Fees And Total Business Registration Cost

Umm Al Quwain Trade License Fees

Location (Umm Al Quwain)

It is 51 Km from Dubai, UAE. The time required to reach Umm Al Quwain from Dubai will nearly be 1 hour. Since it is located almost in the center of the United Arab Emirates, it is very easy to do business in nearby Emirates. Also, you can have your office in Umm Al Quwain and do marketing in other Emirates.

Office Setup

For a License, you must have an office with a Flexi desk and there must be employees and managers. Therefore make sure you pre-plan it accordingly.

  • Minimum Office Setup Options: A Smart Office and 2 Visa
  • Minimum Office Size: Flexi Desk

License Cost

Finally here is Umm Al Quwain trade license fees, the total cost of the license you will be choosing. Go through the details for an estimated budget of starting a company in Umm Al Quwain.

  • Activity Details: Commercial Trading
  • Licence Fee: 2,500 AED (685 USD)
  • Registration Costs: 2,00 AED (548 USD)
  • Time Taken for Licence: 3 to 4 working days

Rent

Since you need an office space for a license you will have to pay the rent for the office. In addition, the rent will be higher only in the first year but eventually, it will be halved from the second year. Therefore find the perfect office space for you so that you need not change it all over again.

  • Minimum Office Rent per year: 16,000 AED (4, 384 USD)
  • Total Cost for 1st year: 20,500 AED (5, 616 USD)
  • Total Cost from 2nd Year onward: 13,500 AED (5,068 USD)

Visa 

Furthermore, you will need an owner’s visa and at least 2 employees’ visas. You will get a residence visa. The number of employees will depend on the license and office space. Also, you can increase the number of visas as per your requirements if applicable.

  • Owner’s Visa Costs: 5,620 AED (1,540 USD)
  • Time-for Residence Visa: 21 working days

Required Documents

For applying for a license and registering a new company or starting a sister company you will need these documents both in original and copy. Therefore make sure you have valid documents with you. Also, you will not be needed to visit the country before registration. Because the whole process can be carried out by consultants.

This is for both ‘a company as a shareholder’ or ‘an individual as a shareholder’.

  • Owner, Manager PP copy
  • Visiting Visa copy
  • Other- Proof Of address

You will not require the following:

  • Minimum Capital need not be revealed
  • Also, the Owner’s Presence to sign the application form for a new company: Not Required
  • Special Requirements: None
  • Furthermore Physical presence of shareholder not required
  • Business Plan / Owner CV: not required
  • Also Bank Reference Letter: not required
  • Finally, Embassy Attested Parent Company Documents (IC, MOA) are not required

Deliverable Includes

Finally, you will be handed over the following things.

  • Trade Licence
  • Certificate of Registration: not included
  • MOA required only for 2 or more partners
  • Share Certificate: not included
  • Office Lease
  • Chamber of Commerce
  • Bank Account

Advantages

There are a number of reasons to choose the service but to be precise some main benefits are a=included here. So here is why you must choose the Umm Al Quwain Trade License.

  • In addition to everything this service is Fast, Easy and economical
  • Another advantage is that the Port facility will be provided
  • Also, you will get a Flexi desk in Dubai. With an additional charge of AED 6000, you can avail of this benefit.

Total Business Registration Cost

Umm Al Quwain trade license fees totally depend on the type of license you choose, the number of visas you will require and the office space you opt. Therefore it is difficult to tell you the whole budget of the registration but you can get your customized quote from here.

1. Trading and General Trading Licenses

Trading Licences

This license gives you the freedom to import and export goods to and from the United Arab Emirates. Therefore under this license, you will be allowed to import and sell your products to other UAE companies too. Also, the companies will be appointed as your Agents or Distributors.

Furthermore, there are 3 categories of products under the Standard Trading license.

Example: Foodstuff, Cosmetics and Building materials

General Trading License

The general trading license gives you the freedom to import and export any categories of products without any kind of restrictions.

Umm Al Quwain Free Zone trading license charges

Micro Business– 13,500 AED

Note- You will not be allowed to open Resident Visas under this package.

Standard Package– 20,500 AED

Note- You will be provided a license and a Flexi desk (A desk in a sharing office) in this package. Also, you will be eligible for a resident visa (for the owner or investor) and 2 other resident visas for employees.

General Trading Package- 27,500 AED

Note- You will be provided with a license and Flexi desk along with 3 resident visas.

Finally UAQ company formation professional fee AED 6 300 only (VAT included)

2. Professional licenses

The professional license gives you the freedom to provide professional services anywhere in the UAE. Also, this license will include 2 categories of services.

Example: Marketing consultancy and Event management

Umm Al Quwain Free Zone professional license charges

Micro Business– 13,500 AED

Note- You will not be allowed to open Resident Visas under this package.

Standard Package– 20,500 AED

Note- You will be provided a license and a Flexi desk (A desk in a sharing office) in this package. Also, you will be eligible for a resident visa (for the owner or investor) and 2 other resident visas for employees.

Premium Licenses Package- 32,500 AED

Finally, for rare business activities in the UAE, you can get a license without any additional external approvals.

Note- You will be provided with a license and Flexi desk along with 3 resident visas.

Premium Consultancy Activities Includes-

  1. Aviation Consultancy
  2. Financial Consultancy
  3. Mortgage Consultant
  4. Legal Consultants
  5. Real Estate Consultancies
  6. Tourism Consultants
  7. Logistics Consultancy
  8. Customs Consultant
  9. Oil & Natural Gas Exploration Consultancies
  10. Chemical & Oil Engineering Consultancy

Premium Commercial Activities Includes-

  1. Ship Chandlers
  2. Ship Charter
  3. Shipping Lines Agents
  4. Freight Broker
  5. Financial Investments
  6. Barges & Tugs Charter
  7. Sea Freight & Passengers Charters
  8. Aircraft & Requisites Chartering
  9. Private Airplane Charter
  10. Air Freight & Passengers Charters

Trade License Renewal in Umm Al Quwain

Annually a company must renew the trade license. The renewal cost is less than the company setup cost. In addition, the cost depends on the company package.

Also, the person needs not to be present for renewal. Therefore you can hire an agent to renew your license.

Finally, after the renewal, you will have to show your new license for the extension of your bank account.

umm al quwain trade license fees

Requirements

  • Copy of Flexi desk lease agreement attested by the municipality
  • No need for audit reports
  • License renewal form
  • Passport copies of concerned persons
  • Family book copy of the UAE citizens
  • Original no objection letter from the competent authorities (if the activity is not allowed without the authorization from the authorities)
  • A Copy of signatures authentication duly attested by Notary Public

Online Documents Requirements

  • PDF format
  • Clear copy
  • Labeled
  • Size: 70Kbytes

Time Required

2 to 3 working days

What you get

  • A new license
  • A lease agreement of Flexi desk

Penalities

Late renewal penalties are applied to the license holders. Further, if you delay in applying for trade license renewal, your business activities may be frozen. Also, your trade license can be banned or blacklisted.

Cost

  • Commercial Trading License (Renewal) AED 18,500
  • General Trading License (Renewal) AED 25,500
  • Without license: 5000 AED
  • Failure to Renew: 250 AED/ Month
  • Additional Office under existing License: 2000 AED

Cancellation

There is a fixed charge for cancellation of expired Umm Al Quwain Trade License

Get Your Customized Quote Now

Finally, start a new business in Umm Al Quwain Free Trade Zone 

Establish a small business in Umm Al Quwain Free Trade Zone

Start a Sister company in Umm Al Quwain Free Trade Zone

Form a Large company in Umm Al Quwain Free Trade Zone

Start a Company outside Umm Al Quwain Free Trade Zone

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Umm Al Quwain Trade License Fees And Total Business Registration Cost was last modified: April 27th, 2020 by Phebe