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Company formation in Jumeirah Lake Towers Free Zone in a nutshell

dmcc business setup in dubai

Jumeirah Lake Towers Free Zone was established in the year 2002, it is one of the fastest growing free-zone in the UAE with a record of issuing more than 3600 trade licenses and offering both commercial & residential freehold property solutions. Currently, Jumeirah lake towers host approximately 7,000 companies.

It’s a profitable investment not only in the commodities sector but also in the financial, logistics and insurance sectors. Located opposite to Dubai Marina, JLT free-zone attracts investors from all parts of the world because of its cost-effective real estate prices. Jumeirah Lake Towers Free Zone has modern infrastructure and trade networking platforms in order to ensure the productivity of companies established there.

Authority:

The Dubai free zone falls under the regulations of the Dubai Multi Commodities Center (DMCC) Authority. DMCCA issues trade license for non-commodities through JLT Freezone.

Advantages and facilities of doing business in JLT:

  • 100% capital repatriation of capital profits
  • 100% foreign ownership
  • New companies, branches, subsidiaries, offshore etcetera
  • One or more shareholders
  • Freehold offices for sale or lease
  • Flexi desk offices
  • Physical office for lease or sale
  • Services office
  • Strategically located
  • Two Metro Railway stations within the community
  • Unique industry clustering and purpose-built infrastructure

Company and license types:

  • Limited liability companies with one or more shareholders
  • Limited liability companies as fully owned subsidiaries of foreign entities
  • Branch offices of foreign companies
  • Consultancy/service
  • Trading/ service/industrial
  • General trading

Required documents include:

  • Passport copy of shareholders
  • Passport copy of directors, managers, secretary/ legal representative
  •  For UAE residents: passport, visa, and Emirates ID, letter of ‘No Objection’ from existing sponsor (if applicable)
  • Proof of permanent residential address of each shareholder, director, manager, secretary/legal representative.
  • Business plan
  • Additional documents if required