T: +971 7 244 7676 | E: [email protected]
T: +971 7 244 7676 | E: [email protected]
UAE Company Formation
and Corporate Services
FBS Kotsomitis International Network is one of the most reputable and well-established corporate service providers in the UAE. Our mission is to provide an impeccable and seamless services to our ever-increasing local and international client base at reasonable prices
Learn MoreImportant 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.
Introduction – JLT Company Formation
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.
Competitive Advantages: Why JLT Company Formation?
Jumeirah Lakes Towers Free Zone Contact Details
JLT Community
Concordia DMCC
Jumeirah Lakes Towers
Dubai, UAE
Tel: +971 (4) 423 2900
Email: [email protected]
Website: www.jlt.ae
DMCC Contact Customer Service
Tel: 800 DMCC
Tel: +971 (4) 4249600
Fax: +971 (4) 364 4278
Email: [email protected]
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
BLOGS | RELATED LINKS
UAE Economic Substance Services
CONTACT DETAILS
8th floor, Office 8F-3
Amenity Centre, Tower 2
P.O.Box 85674, Al Jazeera Al Hamra
Ras Al Khaimah, United Arab Emirates
T: + (971) 7 244 7676
E: [email protected]
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 [email protected] | 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 |
Service Centre
JLT 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 JLT Service Centre:
JLT Company Registration
JLT 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
JLT 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:
Dedicated staff at JLT’s Service Centre provide support to clients for the following license services:
Visas and Immigration Services
Client support is available for the administrative procedures involved in the issuing of visas and immigration issues:
JLT 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.
JLT 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.
JLT 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:
Community Services
JLT’s agent for the Jumeirah Lakes Towers community, Concordia offer a wide range of community services:
JLT Networking and Events
JLT personnel regularly organise networking and social events providing opportunities for business opportunities and the sharing of business expertise between JLT’s clients.
Clubs
JLT has set up various clubs and associations to help clients socialise and interact.
Compliance & Rules and Regulations
JLT has a dedicated compliance and inspection team who make sure that all procedures are in line with laws and regulations.
JLT 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.
JLT Lifestyle
JLT offers an extremely attractive lifestyle for entrepreneurs and families, offering:
Conferencing Facilities
JLT’s conference facilities are ideal for conferences, business meetings and other events.
Almas Conference Centre:
Hotels Within JLT
Car Parking
+971 7 244 7676
7th floor, Office 7F-6A&6B,
Amenity Centre, Tower 2
Al Hamra Industrial Zone,
Ras Al Khaimah
United Arab Emirates
T: + (971) 7 244 7676
E: [email protected]