Dubai JLT Free Zone. JLT freezone company. Company Formation in JLT
The fastest growing free zone development in the United Arab Emirates, JLT Free Zone is a 200-hectare, mixed-use waterfront master development facilitating both business and community living by offering commercial, residential and retail property for sale and lease.
Worldwide Incorporation Services specializes in Dubai JLT Free Zone Company Formation, establishment of branches of local and foreign companies, opening bank accounts and visa processing services.
JLT Free Zone – General Information
Emirate: Dubai.
Country: UAE.
Location: Middle East, bordering the Gulf of Oman and the Persian Gulf, between Oman and Saudi Arabia.
Time Zone: UTC+4.
Currency: Emirati dirham (AED).
JLT Free Zone – Overview
Welcomed business activities:
All business activities are welcomed by JLT Free Zone.
Advantages of JLT Company
- Taxation – 100% business ownership for sale shareholders and expatriates is allowed.
- There is already existing infrastructure to support all types of business at no extra cost
- Its ownership system is unique in a way that the authorities do not own most of the properties. Quality residential and commercial properties with leasehold or free hold option.
- Ideal and prime business location in Dubai that is strategically located close to the Dubai Logistics Corridor. There are major transport corridors in the vicinity to allow easy movement of goods and products to market destinations.
- The business environment is secure and regulated for professional working environment. Global best practices are enforced to ensure corporations have a conducive business environment.
- JLT Free Zone company formation also allows a tax holiday for the first initial 50 years of business operation. This is meant to provide businesses with the resources and time for proper establishment.
- 100% capital repatriation is allowed.
- There is efficient and seamless business registration and licensing procedure. The procedure is done within a few working days, which gives businesses ample time to set up and start operations.
- JLT Companies also have access to trading platforms and investment tools such as financing and hedge funds
JLT companies range from large corporations to start ups, and they all benefit from the reputation of the JLT Freezone as a global business hub. The Financial Times fdi magazine awarded the JLT free zone the global free zone of the year. It is given a rating of A by Standard & Poor that makes it the first free zone in Dubai to receive a full rating.
This zone is close to major commerce centers. As a result, a JLT company operating in the area is able to achieve more business accomplishments. Since it is located on a logistics corridor, there is a higher access to more shipping means for transporting goods and products across the globe. It includes a direct access to New Maktoum International Airport, Dubai Marina and the Sheikh Zayed Road.
Business Types in the JLT Free Zone
The JLT Free Zone Authority allows two types of business setups:
A JLT Free Zone Limited Liability Company can be formed with one or more shareholders.The minimum number of directors is one. Director can be of any nationality and need not be resident in the UAE. Corporate directors are permitted.
For existing companies wishing to establish a base in the JLT Free Zone.
Types of License in the JLT Free Zone
The categories of license available within the JLT Free Zone are:
- Consultancy/Service
- Trading/ Service/Industrial
- General Trading
Required Documents for JLT Company Set Up
- Passport of all proposed company shareholders/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 (if required according to JLT Free Zone allowed activity list)
* JLT Free Zone reserves the right to obtain additional documents if required.
JLT Dubai Facilities
- Flexi Desk (Sharing)
- Services Office
- Physical Office for Lease or Sale
Calculating Your New Free Zone Company in the Jumeirah Lakes Towers Free Zone
This is always crucial to understand the initial costs for a company start-up. Below is an overview of the basic expenses associated with a new company registration in the JLT Free Zone:
1.Type of License
Each activity of a company falls under a specific License Type. Below is an overview of the basic expenses associated with a new company registration in the JLT Free Zone:
type of License
Consultancy / Service License
Trading / Commercial License
General Trading License
Branch Company
1ST YEAR
AED 32,030
AED 32,030
AED 82,030
AED 30,030
2ND YEAR
AED 20,010
AED 20,010
AED 50,020
AED 20,010
Cost includes: Pre-approval, Registration and License.
2. Type of Office Facilities
Being a JLT Free Zone licensed entity you are required to rent an office. Number of visas you are eligible for depend on the office’s size – 1 visa per 9 sq. m. Here are the options currently available:
type of Facility
Facility size-sq m
Annual Cost (AED)
Flexi Desk
1.8-2.8
16,000-19,000
Serviced Desk
3.7-8.8
22,000-35,000
Serviced OFFICE
11.5-23.2
35,000-65,000
Business Center Office
20+
45,000+
3. Other Documents
Establishment Card is mandatory to apply for all visa types – Investor/Partner/Employment visa. Operation Fitness Certificate (OFC) needs to be obtained annually under the company name in case a company has chosen a physical office facility.
DOCUMENT
Operational Fitness Certificate
Establishment Card
Audit Appointment Letter
COST
AED 450
AED 570
AED 500
4. Visa Application
Cost of each visa may differ depending on the visa type and whether the person in currently in or out of the UAE. Bank Guarantee Deposit is refundable after company‘s deregistration. Employment visa for employees and investors in DMCC is valid for 3 years.
VISA APPLICATION
Outside The Country Application
Inside The Country Application
Inside The Country with Amendment
Labour Guarantee Deposit
Medical Test And Emirates ID
COST
AED 3,320
AED 3,780
AED 4,520
AED 3,000
AED 1,120
Three packages are available for clients’ choice depending on individual needs.
JLT Free Zone – Packages
PACKAGES
COMPARE PACKAGE FEATURES
Corporate Consultancy
Name Check
Initial Approval
Company Registration
Flexi Facility Arrangements
Board Resolution
Licensing
Establishment Card
Setting-Up Company Portal
Company Stamp
Daily Update Regarding The Full Process
Company Letterhead
Guidance For Depositing Capital
Obtaining Statement Of Accounts
P.O. Box Registration
Company Profile
Meeting Arrangement With Banker
Full Bank Account Opening Application
Free Pro Service For 1st Company Visa
Business Plan Making
STANDARD
$1990
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PREMIUM
$3990
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ALL IN ONE
$5490
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Why Choose Worldwide Incorporation Services?
Jumeirah Lakes Towers Free Zone Company Formation – Office Addresses
Services in JLT Free Zone
Worldwide Incorporation Services provides the following services in JLT Freezone:
- JLT Free Zone Company Formation
- Investor & Employment Visas
- Full Company Administration & Secretarial Services
- Opening of Bank Accounts
Worldwide Incorporation Services | JLT Company | Company Formation in JLT
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