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Limited Liability Company (LLC) in Fujairah -

Limited Liability Company - Fujairah

Limited Liability Company (LLC) in Fujairah

Fujairah Spread across an area of 1,166 sq km the Emirate of Fujairah covers about 1.5% of the total area of UAE. With a population of over 1.5 lacs it is the fifth largest Emirate in the UAE and sixth most populous.

Fujairah has preserved the old world charm of the Emirates with its picturesque landscaping scenic mountains and winding roadways. Breathtaking waterfalls, crystal clear beaches and astonishing coasts formulate the natural treasure.

This place is one of the frequent places amongst the local tourists and a part of must visit itinerary for the visitors from abroad. Fujairah boasts itself as a major holiday destination in the UAE and is with Hotels and Resorts.

This place has the highest rainfall in the entire UAE and major business in the region has evolved around fishing & agriculture which contributes to the major chunk of economy and employment having locals actively involved in them in large number. Small scale industry and cottage industry is also found in abundance with pottery, and textile industry employing a decent number of locals.

Strategically located Fujairah is the only emirate located across the Strait of Hormuz; this gives it an advantage of having an access to the Gulf of Oman and the Indian Ocean connecting it to rest of the world. Apart from blooming tourism industry the place is undergoing an Industrial development with many new Industries and Factories making their way to the Emirate.

Establishing a Limited Liability Company in the Emirate of Fujairah

The registration procedures consist of numerous phases described as below:

Initial approval from Department of Economic Development, Fujairah [DED]

The first and foremost step is to obtain a necessary trade name approval and submit the Registration & Licensing Application Form [duly completed and signed by all partners] with DED, Fujairah for obtaining their initial activity approval for the LLC along with the following documents:
• Passport and family book copy of the UAE national partner
• Passport copy of the expatriate partner.
• NOC for the expatriate partner (in case he has an existing UAE residence visa)
• Passport copy of the expatriate manager [in case different from the partner]
• NOC from the sponsor for the manager [in case he has an existing UAE residence visa]
• If a company will be the 49% partner in the LLC, then corporate documents would be required including Memorandum &
Articles of Association, Certificate of Incorporation, Share Certificate and a Board Resolution resolving to set up business operations in Fujairah and for appointment of the representative and power of attorney for signing the documents on behalf of the company • Passport copy of the representative of the Company.

Corporate documents listed above including Memorandum of Association, certificate of Incorporation, Board resolution and Power of Attorney of the corporate entity need to be notarized and attested by the UAE Embassy in the country of origin. These documents will further need to be attested by the Ministry of Foreign Affairs, Fujairah. All corporate documents should be duly translated into Arabic and attested by the Ministry of Justice in Fujairah.

Notarisation of Memorandum of Association
Subsequent to the initial trade name and activity approval from DED one would need to prepare and notarize the Memorandum of Association. It is pertinent to note that all the partners or representatives of partners should be present before a Notary Public, Fujairah to sign such Memorandum.

Obtaining a tenancy contract
Once the initial trade name and activity approval from DED is obtained, you can simultaneously locate an appropriate commercial premise for carrying out the activity. It is always advisable to obtain a preliminary approval from the Planning Section before signing the tenancy contract and making the payments Furthermore, all lease agreement should be registered with EJARI under Real Estate Regulatory Authority (RERA). Typically the registration with EJARI is processed by the landlord at the time of signing the tenancy contract.

Submission to DED for obtaining license
Thereafter, the business premises are inspected, if relevant. Subsequently, the following papers along with the documents mentioned for activity approval, needs to be submitted to DED, Fujairah:
• Approved Registration & Licensing Application Form
• Initial trade name and activity approval provided by the DED
• Notarised Memorandum of Association of the LLC
• Copy of the tenancy contract, Affection Plan, DEWA receipt for the office premises and EJARI Registration

Once all documents and papers are accepted and verified, the DED will issue the payment voucher for obtaining the commercial license for the LLC.

Set up costs
The cost for setting up a LLC in the Emirate of Fujairah is mentioned in Annexure A.

Time Frame for formation of the LLC

We estimate a time frame of about 10 to 12 working days from the date of receiving the relevant documents to complete the entire process and obtain the license for the LLC.

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