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 South Free Zone Company Formation, establishment of branches of local and foreign companies, opening bank accounts and visa processing services.

Dubai JLT Free Zone

 

General Information about JLT Free Zone

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:

  • JLT Free Zone Limited Liability Company

    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.

  • Branch

    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

     

    5. WIS JLT Service Packages

    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

    Audit Appointment Letter

    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

    SILVER

    AED 7500

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    -

    -

    -

    -

    -

    -

    -

    -

    -

    -

    GOLD

    AED 14000

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    -

    -

    -

    PLATINUM

    AED 24000


    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

     

    ☏ Need Help Choosing the Right Package?

    Call to any of our offices or complete Callback Request Form and we will call you back shortly or please click to chat.

    ☞ Why Choose Worldwide Incorporation Services?

    • We’ve been helping business owners since 1998
    • Incorporating your business is our focus
    • We make a complex process fast and easy
    • We work closely with every free zone to guarantee our service

    Incorporate Now! – Order Form

    Please fill in the below order form and we shall contact you shortly for your company incorporation


    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

    ➣ How to proceed

    To proceed with a Company Formation in JLT please contact one of our offices.

    ☏ Free Consultation

    Call to any of our offices for your free initial consultation.

    ☏ Confidential Callback Request

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    ☞ Why Our Company is the Best Choice for Company Formation in JLT?

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