When it comes to setting up a company, there are many free zones (such as Jumeirah Lake Towers Free Zone, JAFZA, etc.) other than Dubai mainland where you can get the whole process done in as little as 24 hrs. However, we recommend you think it through thoroughly before making a decision. Below is a guide that will help you form a Company in Dubai.
All About JLT Jumeirah Lake Towers Free Zone Company Formation Guide:
The Jumeirah Lake Towers Free Zone (JLT) is a free zone situated in the heart of Dubai. It is one of the most popular locations for international companies to establish a presence in Dubai. In 2002, the Jumeirah Lake Tower Free Zone was established as Dubai’s first free-trade zone for commodity trading. It has a modern infrastructure that has attracted many foreign investors. JLT free zone is located under Dubai Multi Commodities Center (DMCC) Authority regulations. The JLT Free Zone has become a major hub for businesses looking to take advantage of Dubai’s economic development and growth opportunities.
Establishing a company in the JLT Free Zone is relatively easy and straightforward. As a result, many international companies choose to establish their business in this zone due to its proximity to Dubai International Airport, Jebel Ali Port, Sheikh Zayed Road, and other major transport links. The following guide will provide you with all the necessary information regarding how to set up a company in JLT Free Zone:
Jumeirah Lake Towers Free Zone Business Setup Process:
Deciding the legal entity of the business
The Dubai Multi Commodities Center Authority offers a variety of company types in the Jumeirah Lake Towers Free Zone, including:
1. LLC (Limited Liability Company)as a single-owner or fully-owned foreign entity
2. LLC with one or more partners or shareholders
3. Branch of a foreign company or existing company
Apply for the license:
Companies in Jumeirah Lake Towers must apply for a business license with the DMCC Authority. The type of license that you needs depends on what kind of business you wish to do. Mostly it can be a general trading license, professional license, or Industrial license. Before applying this, make sure you have a trademark registration certificate.
You must need to submit your documents to register as a Jumeirah lake tower free zone Dubai company. All you need to have is a passport copy, Ejari or residential proof, bank statement, NOC, memorandum of association, and power attorney legal documents, and if you have any partners or shareholders then you should submit their documents also.
What Benefits you get when you open a business in JLT Free zone :
The DMCC Authority provides tax and immigration services to foreign businessmen opening companies in Jumeirah Lake Towers. Among these are no corporate or personal income tax for 50 years, full capital repatriation, and issuance of all necessary visas for employing foreign workers. and can have 100 % foreign business ownership.
JLT free zone company formation services at Legal House:
Our team can assist you with all aspects of setting up a company in JLT:
Business registration: The first step towards starting your own business in JLT is to register your company. Our experts will help you through the process and ensure that your application gets approved by the relevant authorities quickly. We will also assist you with obtaining an operational license from Dubai Customs & Central Bank of UAE (CBFCU). We can also do the business bank account opening and residency visa process after issuing the company registration certificate.
Legal support: Once your company has been registered, we will make sure that all legal requirements are met so that your business can operate smoothly without any issues or risks to its reputation. We also offer guidance on how to comply with local laws as well as provide assistance when needed during audits or other official visits from government agencies or third parties. contact us today for free business and legal consultation. Check here the list of UAE free zone for business setup.