What is a Free Zone
A free trade zone is one or more special areas of a country where normal trade barriers such as taxes, tariffs and quotas are eliminated and bureaucratic requirements are lowered to attract new business and foreign investments.
Jumeirah Lake Towers (JLT) Free Zone
JLT Free Zone in Dubai, is a city within a city and a “one stop shop” for setting up and running a successful business in beautiful surroundings and with an exclusive address, providing members with state-of-the-art infrastructure and facilities.
JLT is the fastest growing mixed-use Free Zone in Dubai with over 3600 licensed member companies from around the world. JLT is recognised as the free zone of choice for all business activities, ranging from trading in oil, gold, diamonds and financial products, to providing logistical, marketing, IT and advertising services.
It is important to note that JLT companies now operate under a DMCC license (Dubai Multi Commodity Centre license).
Advantages of Setting Up a JLT Free Zone Company
Prestigious Address
Jumeirah Lakes Towers (JLT) is a unique waterfront development, embracing and nurturing both business and community living. Conceived with the idea of meeting the demands of the 21st century urban professional’s living and working environment, it is a novel mixed-use Free Zone offering both freehold and leasing options for residential and commercial property.
The JLT Free Zone is already home to over 20,000 residents. Many skyscrapers reach for the sky in this prestigious development, located next to Dubai Marina in New Dubai alongside Sheikh Zayed Road Interchanges 5 and 6. These is no better address in Dubai and none better services with two Metro stations and easy access to Jebel Ali, Dubai and Abu Dhabi airports.
Other important benefits of JLT Free Zone
- 0% corporate and personal tax rate
- 100% business ownership
- 100% capital repatriation
- Sole shareholders are permissible
- Full range of business activities licensed
- One stop shop (including licensing, visa and related Government services)
- Freehold offices for purchase or lease
- Flexi desk / serviced offices
- Unique industry clustering and purpose-built infrastructure
- Strategically located on Sheikh Zayed Road (the main artery connecting Dubai and Abu Dhabi) and in close proximity to the Ports and industry corridors
- Two metro stations within the community
Company Setup
The available types of legal entities in JLT Dubai are the following:
Types of company
- Branch of an existing company (no share capital required)
- New company
- Subsidiary
- Offshore
Documents required for initial approval of JLT/DMCC companies
- Valid passport copies of Shareholder / Director / Manager and UAE visa page (if applicable) or copy of Certificate of Registration (only for branch or subsidiary)
- Proposed Company Name Form
It is important to note that JLT companies now operate under a DMCC license (Dubai Multi Commodity Centre license).
Offices
The JLT Free Zone has a wide choice of both commercial and residential freehold property that is available to lease or buy as your JLT ofice. There is a choice of shell and core for companies that want to design their own space, fitted-out offices, short-term service offices, Flexi desks and many other turn-key solutions all within the prestigious Jumeirah Lake Towers waterfront development.
Property prices in the JLT Free Zone are some of the most competitive in the market and many companies have taken the advantage of being able to buy freehold office property in a Free Zone, which is a benefit not offered in many places in the market.
It is important to note that JLT companies now operate under a DMCC license (Dubai Multi Commodity Centre license).
For further information on property and JLT office options for your business requirements , contact our experienced team today.
Pricing
Jumeirah Lake Towers (JLT) Free Zone Companies
The cost of establishing a JLT Free Zone company (DMCC company) will be about €12,000 to €14,000 depending on the type of license and the type of office facilities required.
The annual maintenance fees of a JLT Free Zone company will be about €6,000 to €7,000 depending on the type of license and the type of office facilities provided.
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