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Business Setup in FUJAIRAH MAINLAND
Fujairah is the only emirate that is located completely on the eastern coast of the UAE along the Gulf of Oman. Its population was 202,667 as of 2014. Fujairah's economy is based on fishing and agriculture. Its land is irrigated by rainwater from the Hajjar Mountains. Due to its strategic position; it is the UAE's only access to the Indian Ocean. It operates a multipurpose port that offers access to major shipping routes of the world making it home to the world's largest livestock shipping companies. Other local industries include mining and stone crushing which have benefited from the recent boom in construction in Dubai and Abu Dhabi.
Different types of license and partnership are possible in Fujairah. Either you will start with Sole Establishment (single owner), civil works (Multiple foreign owners) or Limited Liability Company (LLC).
A Limited Liability Company must involve a local sponsor who has to contribute 51% of the company’s capital while the remaining 49% is shared between other partners. Investors need to comply with all the legal requirements outlined by the Department of Economic Development (DED) to set up their Limited Liability Company in Fujairah mainland.