Jumeirah Lake Towers JLT Free Zone Company Set Up
Make your Dubai business dream come true in JLT with Solutions FZCO!
Dubai has been a top destination for foreign and local investors for quite some time now. With its diverse business opportunities, world-class facilities, and surging economy, Dubai offers unparalleled growth opportunities. One popular place in Dubai from an investment point of view is the JLT Free Zone.
Jumeirah Lakes Towers (JLT) Free Zone is one of the most sought-after business destinations in Dubai. Managed by the Dubai Multi Commodities Centre (DMCC), it offers a vibrant community for businesses, with world-class infrastructure, strategic location, and a thriving business environment.
Whether you are a startup, SME, or a large corporation, JLT Free Zone provides a conducive environment for growth and success.
Why Set Up a Business in Jumeirah Lake Towers Free Zone?
Jumeirah Lake Towers Free Trade Zone is one of the popular 25 free zones in Dubai. Setting up a business in JLT Free Zone offers numerous advantages. Its strategic location in the heart of Dubai provides easy access to major business hubs, airports, and seaports.
The free zone is home to over 18,000 companies from diverse sectors, fostering a dynamic and collaborative business environment. With state-of-the-art infrastructure, flexible office solutions, and a supportive regulatory framework, JLT Free Zone is an ideal choice for businesses aiming for growth and expansion.
Benefits of Setting Up a Company in JLT Free Zone
- 100% foreign ownership
- NO personal and corporate tax
- 0% customs duties on imports and exports
- No currency restrictions
- Quick trade license issuance
- Ease of business setup
- 100% Repatriation of capital and profits
- Modern infrastructure
- Strategic location in Dubai
- Strong banking systems
- Networking opportunities
- Access to a large talent pool
Facilities Offered at JLT Free Zone in Dubai
Because of its central location in Dubai’s business hub, Jumeirah Lake Towers Free Zone offers tons of facilities for investors and business owners. These include:
- Office Spaces: Flexible office solutions range from flexi-desks to fully serviced offices to cater to the needs of all business types.
- Retail Spaces: Retail units for businesses looking to cater to the local community.
- Meeting and Conference Rooms: Fully equipped meeting and conference rooms for business events.
- Business Services: Access to business support services including banking, legal, consultancy, and administrative services.
- Networking Events: Regular events and networking opportunities to connect with other businesses.
- Recreational Activities: Jumeirah Lake Towers offers a range of recreational activities such as cafeterias, restaurants, indoor gyms, cinemas, and more.
Best Businesses to Start in Jumeirah Lake Towers Free Zone
JLT Free Zone is a hot spot for different kinds of businesses, and it is a popular destination among investors because they can leverage the growing market of the UAE. Let’s take a look at some of the best businesses to start in JLT, promising maximum returns:
- Food and Hospitality
- Outsourcing Agencies
- Consultancy Services (Finance, Business, IT, Legal, etc)
- Real Estate
- Banking and Finance
- Media & Marketing Agency
- Event Planning
- Tourism
- Travel
- Trading and Retail
- Education
- Health and Social Work
- Recreational Activities
- Beauty and Personal Health
- Healthcare
Types of Licenses Offered by JLT Free Zone Authority
Jumeirah Lake Towers Free Zone is regulated by the Dubai Multi Commodities Centre Authority (DMCC). It offers various business licenses and has registered over 5500 companies in the JLT Free Zone, including global companies.
There are four main types of licenses issued by DMCC, covering over 450 permitted businesses. These include:
- Trade License: For businesses involved in trading activities.
- Service License: For businesses providing professional or consultancy services.
- Industrial License: For manufacturing and industrial activities.
- E-Commerce License: For businesses conducting online trading activities.
How to Set Up a Company in Jumeirah Lake Towers (JLT) Free Zone
If you think Jumeirah Lake Towers is the destination for your next business venture, take a look at the steps to set up your company in JLT Free Zone:
Choose Your Business Activity
The first step is to choose the business activity that you want to conduct in the JLT Free Zone. It will determine your legal entity and licensing type.
Register Your Company Name
Once you have selected the business activity, choose a trade name for your company that aligns with your activity. Make sure the name you choose follows the regulations of the Department of Economic Development (DED).
Select a Legal Structure
Decide on the legal structure of your company (FZE, FZC, or Branch). It all depends on the number of shareholders, and business structure.
Submit Your Application
Prepare all the documents and submit your license application to the DMCC Authority for further processing. Once your application is reviewed you will get an initial approval.
Bank Account Opening
Open a corporate bank account and deposit the minimum required capital according to your free zone. It is mandatory for secure business transactions.
Final Approval
Once you have paid the required fee, you will receive your trade license from the DMCC upon approval, and you can finally start your business activities in the JLT Free Zone.
Apply For Visas
Once the business registration process is done, apply for visas and work permits for shareholders and employees if necessary to get things going and start your company in Dubai.
How Solutions FZCO Can Help You Set Up a Business in JLT Free Zone
Starting a company in Dubai can be daunting, with a lengthy application process, regulations, and approvals from various authorities. But don’t let it discourage you, as Solutions FZCO is here to help!
At Solutions FZCO, we specialize in helping businesses establish themselves in JLT Free Zone with ease and efficiency. We offer complete assistance with the license application and company registration.
Leverage our local contacts with the authorities to speed up your business registration process in Jumeirah Lake Towers.
Partner with Solutions FZCO for a seamless and hassle-free business setup experience in JLT Free Zone.
