Jumeirah Lake Towers (JLT) Free Zone was found in 2002 and is emerged as a free zone in Dubai that offers the required infrastructure for the registration of goods market centers in the UAE. Jumeirah Lake Towers Free Zone has a state-of-the-art infrastructure and business networking platforms to make sure the efficiency of companies developed there. At present, Jumeriah Lake Towers introduce around 7,000 companies. The JLT company formation entices overseas investors not only in the goods segments but also in the economic, logistics and insurance segments.
Company Set Up Process In Jumeirah Lake Towers
The Dubai Multi Commodities Center Authority enables foreign shareholders to setup companies in the Jumeirah Lake Towers Free Zone:
– Limited liability companies with one or more shareholders,
– Limited liability companies as fully owned subsidiaries of foreign entities,
– Branch offices of foreign companies.
Every type of company is obligated to apply for a business license with the DMCC Authority. As it depends on the activities projected, companies registered in Jumeirah Lake Towers or JLT Company Formation can apply for a trade license, a service license, or an industrial license.
To register the company with the Company Registration Dubai, the following documents are necessary:
– A copy of the owner’s passport,
– Residential address proof,
– A business plan.
Several types of activities are necessary for all kinds of additional requirements or authorization from other authorities. The company will also be necessary to have a registered office in the Jumeirah Lake Towers Free Zone.
Why Open A Company In Jumeirah Lake Towers Free Zone?
The Dubai airport free zone company formation offers plenty of tax benefits for overseas businessmen while setting up companies in Jumeirah Lake Towers. Those include:
– Zero corporate or personal income tax for 50 years,
– Complete capital repatriation.
The Authority also offers immigration services and provides all the necessary visas for hiring foreign workers.