Company Setup in Jumeirah Lake Towers
If you are looking to establish a company in Dubai Free Zones then the strategic Jumeirah Lakes Towers free zone cannot be neglected. Located in the heart of Dubai, JLT is accessible to major transportation hubs such as Al Maktoum International Airport and Jebel Ali Port, facilitating easy access to global markets. Like any other free zone, JLT offers 100% foreign ownership, exemption from personal and corporate taxes, and no currency restrictions, making it an attractive destination for international investors. Individuals or businesses looking to form an establishment here benefit from business-friendly policies that cater to the economic development of the area while allowing businesses to thrive in a diverse marketplace.
Jumeirah Lake Towers was established in 2006 with its first tower named Saba Tower. However, the major construction took place between 2008 to 2015 and to date, 80 towers in this place are beautifully situated alongside 3 artificial lakes. The main objective behind its establishment was to provide a modern, high-quality living and working environment for the growing population in Dubai. The development of Jumeirah Lake Towers was carried out by Dubai Multi Commodities Centre (DMCC) it is one of the governing authorities that oversees new company setups and commodity trade flows in Dubai. In JLT, you can set up various types of businesses including free zone companies (FZCOs), free zone establishments (FZEs), and branch offices of foreign companies.
Advantages of Setting Up a Company in Jumeirah Lake Towers
Businesses willing to operate in Jumeirah Lake Towers come across benefits such as
- 0% personal and corporate tax
- Availability of a large pool of talent
- Proximity to major business hubs
- 100% foreign ownership of a business
- 0% customs duties on imports and exports
Types of Business Licenses in Jumeirah Lake Towers
To operate efficiently in Jumeirah Lake Towers, you must acquire an appropriate business licence, so you can legally conduct your operations within the regulatory framework established by local authorities. The types of licence you can have here
- Commercial
- Industrial
- Professional
- E-commerce
- Freelance
Process of Company Setup in JLT
To set up a business in Jumeirah Lake Towers –
- You must first choose a business activity and complete the form provided by the Dubai Multi Commodities Center (DMCC)
- Then register your trade name and get a lease agreement for office space in Jumeirah Lake Towers
- Prepare the required documents and submit your application to receive the initial approval from DMCC
- Apply for licence by paying all the inclusive fees
Once you’ve received your business license upon approval of your application, open the bank accounts, hire employees, set up your company, and commence your operations.
Setup Your Company in Jumeirah Lake Towers With AIMS UAE
AIMS UAE is one of the prominent choices for anyone looking for a business setup consultancy in the UAE. With years of experience in establishing businesses in various fields, AIMS UAE has gained a solid reputation for its comprehensive services tailored to meet the diverse needs of entrepreneurs and corporations alike.
When you partner with AIMS, you don’t have to worry about the complex paperwork, approvals, permits, and legal complexities involved in starting a business in the UAE. Our team of professionals is dedicated to providing the best consulting from the initial planning stages to the successful launch and the ongoing changes in your business. In addition, we offer accounting and auditing services for already established companies in the UAE.
Contact us today to learn more about how we can help turn your business aspirations into reality.
Frequently Asked Question
The time duration for registering a company in JLT may depend on various factors such as approval of documents, additional permits based on your business type, and the efficiency of your partnered business consultancy firm. However, typically, the process can take between 2 to 4 weeks from the initial application to the issuance of the trade license.
The cost depends on various factors like licence fees, rent of office space, Visa fees, consultancy and service fees, and other miscellaneous costs. The business setup service providers usually offer a complete package including required fees and all associated costs. These packages can start from a price range of AED12000 - AED15000 and can go higher based on the business requirements and operations.
You might be asked for different types of documents based on your business activity. In general, the documents included are:
- MOA and AOA
- Tenancy Contract
- A Business Licence
- Bank Reference Letter
- A Detailed Business plan
- Initial Approval From DMCC
- Passport/Visa Copies of all shareholders
It is important to note that the requirement of documents may vary based on the type of business
Contact us now for a smooth business set-up procedure.
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