JLT Company Formation

Presented By:
RIZWAN ANJUM CHAUDHRY

Agenda
About JLT
Company Formation
Features of JLT/DMCC
Types of Formation
New Company Formation
Branch Company Formation
Cost of Setup
Disadvantages of JLT/DMCC
Conclusion

About JLT
An acronym for Jumeriah Lakes Towers, JLT is a free zone
jurisdiction regulated by DMCCA (Dubai Multi
Commodities Centre Authority)
It caters to both trading and service sectors with DMCC
and JLT licenses, respectively
With prestigious location in Dubai, this jurisdiction
features a perfect conglomerate of residential and
commercial space for lease and purchase

Features of JLT
A free zone jurisdiction
100 per cent ownership
Repatriation of capital
No taxes
Prestigious location
Developed infrastructure
Freehold Offices/ Virtual Office

Types of Formation
New Company Formation
Branch Company Formation
Subsidiary Company Formation
Business Activity
DMCC License Companies involved with
commodities & commodity related trading
JLT License Companies involved in non-commodity
related activities

New Company
Formation
Engaging Requirements
Passport Copy
Business Plan of the company
3 proposed company names

Prerequisites
AED 100,000 to AED 300,000 working capital Required
Elements
Trade name Reservation
Provisional Approval
Memorandum & Articles of Association
License

Branch Company
Formation
Engaging Requirements

Passport Copy of the shareholder(s)

Business Plan of the company
Incorporation Certificate of the main company
Prerequisites
Audit Report of the main company
Board Resolution from the main company
Elements
Trade name Reservation
Provisional Approval
Memorandum and Articles of Association
License

Costing
New/Branch Company Formation
Items

Cost for DMCC

(AED)

Cost for JLT (AED)

Annual License Fee

15,010.00

20,010.00

Registration Fee*

5,010.00

10,010.00

Memorandum of
Association
* One time only

2,010.00

2,010.00

** Not applicable for Branch

Disadvantages of JLT
High capital Requirement
Bureaucracy
Expensive to incorporate
Time for setting up
Limited scope for relocation
Authority is the sponsor