JLT FREE ZONE COMPANY FORMATION, DUBAI BANK ACCOUNTS AND VISAS
Dubai JLT Free Zone. JLT freezone company. Company Formation in JLT
KGN 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
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.
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: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:
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.
- Operational Fitness Certificate: AED 450
- Establishment Card: AED 570
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.
- Outside The Country Application: AED 3,320
- Inside The Country Application: AED 3,780
- Inside The Country with Amendment: AED 4,520
- Labour Guarantee Deposit: AED 3,000
- Medical Test And Emirates ID: AED 1,120
5. WIS JLT Service Packages
Three packages are available for clients’ choice depending on individual needs.
JLT Free Zone Packages – Compare Package Features
STANDARD
- 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
- 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
Starting at: $1990
PREMIUM
- 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
- 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
Starting at: $3990
VIP ALL IN ONE
- 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
- 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
Starting at: $5490
Need Help Choosing the Right Package?
Why Choose KGN Services?
We’ve been helping business owners since 1996
Incorporating your business is our focus
We make a complex process fast and easy
We work closely with Companies Registries to guarantee our service
Fastest offshore companies & accounts – Most competitive pricing worldwide
Services in JLT Free Zone
KGN Services provides the following services in JLT Free Zone
- JLT Free Zone Company Formation
- Investor & Employment Visas
- Full Company Administration & Secretarial Services © https://www.wis-international.com/jlt-free-zone.html
- Opening of Bank Accounts
KGN Services | JLT Company | Company Formation in JLT
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Requirement to File Annual Return
