UAQ: CANCELLATION OF THE FINE FOR DELAYED OR TERMINATED BUSINESS LICENSES ANNOUNCED

Umm Al Quwain is ideal for any business that is motivated by value as it allows you to leverage a unique location in the UAE that offers a stable economy, open investment climate, low costs of living and labour, and a great destination for import and export. There are several business initiatives and programs launched by the government to support local businesses and industries. The government’s policy is to boost trust with the private sector to build an economy based on knowledge, research, and development.

His Highness Sheikh Saud bin Rashid Al Mu'alla, Supreme Council Member and Ruler of Umm Al Quwain has issued Resolution No.5 for 2022 to support businesses and individuals in the emirate.

According to the resolution, fines imposed on commercial enterprises in the emirate that are registered with the Department of Economic Development for delayed or terminated licenses should be cancelled.

The resolution also states that the Department of Economic Development shall offer suitable assistance in accordance with relevant conditions.

The resolution will take effect on the date it is issued, remain valid until December 31, and be published in the Official Gazette.