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DMCC company formation in JLT

Company Formation in Jumeirah Lake Towers (JLT) Free Zone, UAE

Page content:

  1. JLT Company Formation
  2. Company registration in JLT – steps for obtaining license
  3. Why do business owners choose JLT Free Zone for company formation JLT?

The Jumeirah Lake Tower (JLT) is the large commercial and residential district located in Dubai and consisting of more than 80 residential and commercial towers. The towers of the district are built along three artificially made lakes. Apart from being a large and highly popular residential area, the JLT is well known for the place where the JLT Free Zone - DMCC - is located. This free zone was established in 2002, and nowadays thousands of companies from various countries have chosen the option of the JLT company formation.

JLT DMCC free zone has become the very attractive business and investment district due to combination of its great location within Dubai, availability of great office and other commercial space mixed with residential properties and the possibility to acquire properties of both types (which is normally not a case in other free trade zones of the UAE where the only option available is the lease).

JLT Company Formation

JLT Free Zone has one important advantage over the other free trade zones in the emirate. JLT company registration is the solution which gives the possibility to form a company in Dubai which enables commodities market access. Company formation JLT offers investors and entrepreneurs developed infrastructure and creates conditions for efficient and productive work of a legal entity. About 7,000 enterprises are currently operating on the territory of JLT Free Zone. The work of JLT Free Zone is regulated by the Dubai Multi Commodities Centre Authority (JLT DMCC).

Company formation in JLT encompasses several types of enterprises, namely:

  • FZE - with one shareholder;
  • FTC - with tow or more shareholders.

The company can be incorporated by private shareholders n(no UAE residency required) as well as by local and foreign companies.

As for JLT Free Zone license types, here is the list of available licenses:

  • Trade license (commercial trading and general trading licenses);
  • Commodities trading license;
  • Service license;
  • Industrial license.

The procedure of JLT company formation is comprehensible and straightforward. It requires you to submit a set of documents including a copy of your passport, your residential address proof, and business plan. All documentation can be initally submitted online.

Company registration in JLT – steps for obtaining license

The procedure of forming a company and obtaining for it of the JLT freezone license may differ depending on the activity and other factors. However, there are main most common steps in its formation. These steps include:

  • Choosing a company name;
  • Getting the name approved by DMCC Authority;
  • Preparing all incorporation documents;
  • Preparing all documents for shareholders;
  • Proceeding with incorporation documents signing;
  • Opening bank account;
  • Paying share capital;
  • Renting space - real of service desk;
  • Finalizing the company Formations;
  • Obtaining establishment card;
  • Applying for visas (if necessary).

Why do business owners choose JLT Free Zone for company formation JLT?

First of all, all legal entities operating in the territory of JLT Free Zone are exempt from corporate tax, tax on import and export. Second, it enables full repatriation of capital. And third - this particular free zone offers the great combination of highly practical location, availability of different licenses and reasonable price for business premises.

JLT company registration entitles you to the possibility to obtain a residence visa for yourself, your family and your employees. Moreover, you’ll get an opportunity to open an account in one of Dubai banks and, if you want, to purchase property in JLT DMCC. The UAE and Dubai, in particular, is a very attractive destination for investing money and expanding a business. It is open to innovation; it embraces change still being loyal to tradition.

JLT Free Zone the very progressive and dynamically growing FTZ. All clients interested in JLT company formation are served by the free zone in the fast and efficient manner. The establishment of JLT DMCC has become the very important step on the way of turning Dubai into the global commodities market center.

To get all the info on how to form your DMCC company and obtain residency visa, please feel free to contact us.

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DMCC company formation in JLT

+971 4 425 6062
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