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  • Jumeirah Lakes Towers (JLT) DMCC Free Zone Company Formation in UAE

Jumeirah Lakes Towers (JLT) DMCC Free Zone Company Formation in UAE

Jumeirah Lakes Towers (JLT) Free Zone Company Formation

Important Note:

Until January 2014, the DMCC Authority provided 2 license types, the DMCC and JLT Licenses. DMCC Free Zone companies’ business activities were in the commodities and commodities related sectors. The JLT Free Zone companies’ business activities were in sectors related to non-commodities. Since February 2014, the DMCC Authority began licensing all business activities under one DMCC License. All companies that were previously licensed under the JLT License were transferred to a DMCC License.

Dubai Multi Commodities Free Zone (DMCC)

Introduction – Free Zone Focus

Jumeirah Lakes Towers (JLT) is located in the heart of New Dubai and is one of the largest and fastest developing UAE free zones. It is a lakefront community covering over 200 hectares, has four lakes, 64 commercial and residential towers, four hotels, leisure facilities and 160 retail outlets.   Over 50,000 people live and work in the JLT free zone.

Dubai Multi Commodities Centre Authority (DMCC) is the free zone licensing authority of JLT. It is housed at the famous Almas Tower, the tallest commercial tower in the Middle East. DMCC was established by Royal Decree in 2002. DMCC’s Client Service Centre provides government and client services enabling the hassle-free establishment of businesses at Jumeirah Lakes Towers (JLT) Free Zone.

DMCC has registered over 5500 companies, including well-known multi-national companies as well as established regional industry players and SME’s.

DMCC has a strong regulatory regime and compliance procedures which are in line with the UAE Federal Government’s related laws and regulations of international bodies.

To see  JLT’s Interactive Presentation, Corporate Video, Brochure, Google Map and useful Application Forms follow this link

CONTACT US NOW FOR A QUOTATION

Competitive Advantages: Why JLT?

Prices and Start-Up Packages:Fees for the First Year and Subsequent Years
RAK ICC Offshore Company Registration for $99Company Formation Fees and Annual Fees
Dubai or RAK Free Zone Company Formation for $1.450Incorporation Fees and Annual Running Fees
UAE VAT, Tax, Accounting and Other FeesFees for Other Services
Click Here For 5 Steps Dubai, RAK And UAE Company FormationEmail us Now to Get Quotation
  • Zero personal and corporate tax
  • Zero currency restrictions
  • Zero capital repatriation
  • Full business ownership
  • Licenses for a wide range of business activities
  • One or more company shareholders
  • Excellent strategic business location of global significance
  • High innovation of products and services
  • Global “best practice” procedures – regulated and secure business environment
  • Unique alliances with industry players enabling excellent business opportunities
  • Business networking events and online networking tools
  • Provision of investment tools, eg Shariah compliant hedge funds
  • State-of-the-art, purpose-built properties for lease or purchase
  • High level of client services for processing and issuing licenses
  • Access to trading platforms
  • Hassle free and fast setting up of companies

Jumeirah Lakes Towers Free Zone Contact Details

JLT Community
Concordia DMCC
Jumeirah Lakes Towers
Dubai, UAE
Tel: +971 (4) 423 2900
Email: info@concordiadubai.com
Website: www.jlt.ae

DMCC Contact Customer Service
Tel: 800 DMCC
Tel: +971 (4) 4249600
Fax: +971 (4) 364 4278
Email: customercare@dmcc.ae

Jumeirah Lakes Towers Location
JLT is located in New Dubai, opposite the Dubai Marina. It is on the border of Sheikh Zayed Road between the Greens and Ibn Battuta Mall.

Opening Hours
Sunday to Thursday – 8.00 am till 5.00 pm

Key People

Ahmed Bin Sulayem
Executive Chairman, DMCC

Gautam Sashittal
Chief Executive Officer, DMCC

Jumeirah Lakes Towers Free Zone Company Registration Procedure

To establish a new free zone company in JLT swiftly and efficiently, prospective clients need to follow the procedures via the DMCC portal, which are outlined below in four steps:

Client Actions
DMCC Free Zone Actions
Time Taken
Step 1: Send the initial request via www.dmcc.ae website or telephone +9714 424 9600, or email setup@dmcc.ae Contact the prospective client and send a login 1 working day
Step 2: Supply the company registration details on the DMCC portal and pay the application fee (AED 1000) Submit the confirmation of pre-approval to the client Maximum 10 working days
Step 3: Make the payment and go to DMCC with the original (or attested) documents Submit the provisional registration and bank letter to the client 3-5 working days
Step 4: Upload the requirements for the license Issue the Certificate of Registration and business license 2-4 working days

When the client has received his/her business license, he/she can apply for visas, residence permits and other services.

Documents Needed for the Registration Procedure

Documents required Comments
Pre-approval and reservation of the company name Passports of the company’s shareholders, manager, directors, secretary, legal representatives (Copy) Visa page only required for UAE residents
Registration of company Know Your Client (KYC) form for each shareholder, manager, director, secretary, legal representative (Original) Fill in and sign forms
a. Business Plan (Copy) Needed for certain activities only. Please refer to guidelines
b. Passport of each shareholder, manager, director, secretary, legal representative (Original) Visa page only required for UAE residents
c. Letter of No Objection from sponsor foreach shareholder, manager, director, secretary, legal representative (Copy) Applies only if there is a UAE visa from another sponsor. Copy accepted if it is presented on company letterhead, signed and stamped
 d. Specimen signature form for each shareholder, manager, director, secretary, legal representative (Original) Signed in the presence of a DMCC Member Service Executive or notarised
e. Proof of home address of each shareholder, manager, director, secretary, legal representative (Copy) Recent utility bill showing home address. Confirmation letter signed by the landlord for tenants is required as well as the passport copy
f. Shareholders’ Resolution (Original) To be signed in the presence of a DMCC Member Services Executive or Notarised and Attested by the UAE embassy or by apostille. See templates.
 g. Memorandum & Articles of Association (Original) Prepared by DMCC then signed in the presence of a DMCC Member Service Executiveor notarised
h. Undertaking letter for share capital deposit (Copy) See templates
i. 3rd party approvals from relevant authorities (Original) For various activities. See list of authorities (3rd Party NOCs) on DMCC website
Licensing A. Leased property Lease agreement of the property covering the license period and evidence of ownership of property – title deed or current certificate of ownership Or DMCC flexi desk office contract (Original)

B. Owned property under the same DMCC company name

Evidence of ownership of property title deed or current certificate of ownership (Original)

Original documents required for verification by a DMCC Member Services Executive. Tenancy agreement to be in the name of the reserved company and valid for at least one year from the date of submission, mentioning the size/ area and location of the office. If there is more than one purchaser, both owners must sign the lease agreement. For owned property, the title deed or the current dated certificate of ownership must be under the same name of the DMCC company
a. Certificate of Conformity (COC) & Stamped unit fit-out drawings issued by Concordia DMCC (Original) For retail and industrial activities
b. Bank Share capital deposit confirmation letter (Original) For share capital AED 500,000 and above
Following receipt of the license Certificate of Conformity from Concordia (Original) For offices
a. Bank share capital deposit letter or bank statement showing the deposited amount (Original) Up to 3 weeks from licensing
b. Sample company letterhead with stamp (Original) With new the DMCC company name
c. Share certificate/s with company stamp (Copy) All copies
d. Letter appointing an external auditor (Original) On auditor company letterhead

DMCC Fees

  • Application: AED 1,000
  • Registration of new company: AED 9,010
  • License (standard – trading and service): AED 20,010
  • Articles and Memorandum of Association: AED 2,010

DMCC’s Services

  • Service Centre
  • Company registration
  • License services
  • Visa and immigration services
  • DMCC Member Zone
  • DMCC eServices
  • DMCC Knowledge Series
  • Property services
  • Community services
  • Networking and events
  • Clubs
  • Compliance and rules and regulations

Service Centre

DMCC Service Centre was established to offer all the services involved in registering and managing a company under one roof. The DMCC Service Centre is housed at Almas Tower (Level 1), Jumeirah Lakes Towers, New Dubai.

Services provided by the DMCC Service Centre:

  • Registration
  • Licensing
  • Visa
  • Immigration
  • Property leasing and purchase
  • Serviced offices and flexi desks
  • ID
  • Access cards
  • Compliance and regulations advisory
  • Letters
  • Salary certificates
  • Insurance services
  • Advisory services
  • Office fitting
  • Phone lines, telecoms
  • Planning and approvals
  • Land development
  • Car hire
  • Utilities
  • Advertising and signage

JLT Company Registration

DMCC handles the registration of limited liability companies and branches of foreign or local companies.

For a limited liability company in Jumeirah Lakes Towers (JLT) Free Zone, at least one shareholder and at least one director is required. The minimum share capital is AED 50,000 for each new company.

License Services

DMCC issues licenses for an extensive range of business activities. There are three types of licenses: Trading, Industrial and Service licenses which cover over 450 permitted business activities which are divided into the below categories:

  • Manufacturing
  • Electricity, gas and water
  • Construction
  • Agriculture
  • Financial services
  • Real estate and business services
  • Transport, storage and communications
  • Trading and repairing
  • Fishing
  • Mining and quarrying
  • Education
  • Hotels and restaurants
  • Health and social work
  • Other community, social and personal services

Dedicated staff at DMCC’s Service Centre provide support to clients for the following license services:

  • Issuing of licenses
  • Renewal of licenses
  • Amendments to licenses
  • Registration amendments (change in share capital or share transfer etc)


Visas and Immigration Services

Client support is available for the administrative procedures involved in the issuing of visas and immigration issues:

  • Issuing of visas
  • Immigration services
  • Visa services (visa types, cancellations, transfers)
  • Letter services (NOC’s, salary certificates etc)
  • Issuing of ID cards
  • Other services

DMCC Member Zone

DMCC Member Zone provides clients with an online platform for the communication of useful information and latest developments, the sharing of documents and rules and regulations, upcoming events and more.

DMCC eServices

DMCC eServices provides 24/7 secure access to its eServices clients for a wide range of services via the DMCC Free Zone Member portal.

DMCC Knowledge Series

DMCC Knowledge Series offers its clients a series of workshops, seminars and lectures which are delivered by industry experts.

Property Services

Dedicated JLT personnel offer the following property services:

  • Land Department surveys
  • Assistance to prospective clients in buying or selling properties
  • Asset Management
  • Lease service
  • Strata
  • Advice on development and planning
  • Affection plans
  • Outdoor permits
  • Design, construct, transfer
  • Rezoning approvals

Community Services

DMCCA’s agent for the Jumeirah Lakes Towers community, Concordia offer a wide range of community services:

  • Housekeeping
  • Landscaping and irrigation
  • Fitting-out
  • Heating and A/C
  • Mechanical, electrical and plumbing
  • Concierge
  • Car parking
  • Waste management
  • Pest control
  • Access control & CCTV
  • Security
  • Vertical transportation

DMCC Networking and Events

DMCC personnel regularly organise networking and social events providing opportunities for business opportunities and the sharing of business expertise between DMCC’s clients.

Clubs

DMCC has set up various clubs and associations to help clients socialise and interact.

Compliance & Rules and Regulations

DMCC has a dedicated compliance and inspection team who make sure that all procedures are in line with laws and regulations.

DMCC operates with international best practices and ethics. Therefore its regulatory system is of the highest standard and is an important part of its provision of products and services.

Jumeirah Lakes Towers (JLT) Products

  • JLT lifestyle
  • Conferencing facilities
  • Hotels within JLT
  • Car parking

JLT Lifestyle

JLT offers an extremely attractive lifestyle for entrepreneurs and families, offering:

  • A vibrant, thriving and diverse community with various nationalities and cultures
  • Four secure children playgrounds
  • Charity fairs, open air markets, community fairs, shopping festivals
  • A convenient location: 45 minutes’ drive from Abu Dhabi
  • Two metro stations
  • Close proximity to Dubai Marina, beaches and malls
  • Over one million sq ft of retail space
  • Cycling and jogging paths round the lakes
  • Hotels and serviced residential facilities
  • Restaurants of various cuisines
  • Cafes and coffee shops
  • Supermarkets and mini marts
  • Shisha locations
  • Gyms, swimming pools, spas, health and beauty parlors for men, women and children
  • Nurseries
  • Medical clinics, dentists and pharmacies
  • Laundries and other residential services
  • Office supplies and services
  • Home decor and furniture shops
  • Real estate agencies

Conferencing Facilities

JLT’s conference facilities are ideal for conferences, business meetings and other events.

Almas Conference Centre:

  • 450 sq m, conference facility
  • Capacity to host 350 people
  • Wi-fi and state-of-the art IT and AV equipment
  • Outdoor seating
  • Spectacular views and location

Hotels Within JLT

  • Bonnington Jumeirah Lakes Towers
  • Oaks Liwa Heights
  • Movenpick Jumeirah Lakes Towers
  • Pullman Jumeirah Lakes Towers

Car Parking

  • Allocated parking areas
  • Visitor / short-term parking
  • Additional long term parking areas for residents

Information to download:

JLT Corporate Video

Jumeirah Lakes Towers (JLT) Free Zone Map

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