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:

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 82,030

AED 30,030

2ND YEAR

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