UAExxxx Contact
Adrian Oton BA MBA Dip. (DCFC) Corporate & Commercial
Mobile: +971 50 758 5238 Mobile 2: +971 56 757 6034 Europe Mobile: +35 054 00 2290 Skype: adrian.oton
Linked In:
http://ae.linkedin.com/pub/adrian-corporate-commercial/4b/b62/795
For more information on establishing your business in the JLT Free Zone please contact us on +971 4 311 6547 or send us an email at
info@uae-eu.com
dubai 100% Tax Free - Foreign Owned Company – Free Zone
Jumeirah Lakes Towers (JLT) is a 200 hectare dynamic waterfront community at the heart of new Dubai.
Central to the development are the Armada Towers, headquarters of the Europe Emirates Group and also Almas Tower, headquarters of the Dubai Multi Commodities Centre (DMCC), the licensing authority for businesses operating in the JLT.
Established in 2002 by the Government of Dubai, DMCC is dedicated to establishing Dubai as a gateway for commodity trade by enabling its members to succeed through innovation and delivery.
Over the last decade, the DMCC has seen strong growth in attracting businesses and today is recognised as the free zone of choice for many business activities ranging from oil and petrochemicals, gold, diamonds and shipping to recruitment, IT and advertising. In 2012 alone, an average of 160 companies joined the free zone every month, from SMEs to multi-nationals, became free zone members, bringing the total companies registered
to 5,500. Over 85 per cent of the businesses operating from JLT is new to Dubai.
DMCC has been successful in attracting a range of commodity businesses, as well as support service companies such as Xstrata, Rosy Blue, Topaz Energy, Sucden, Harley Davidson, Dunkin Group, GAC, Vertu. It was the first UAE free zone authority to offer freehold business premises to its members, in addition to other free zone services such as 50-year tax exemption on corporate and income tax and full foreign ownership rights. Throughout its history, it has made sure foreign investors have a wide choice of options that suit their business objectives.
DMCC has built state-of-the-art infrastructure in JLT including the Almas Tower (Almas is Arabic for ‘diamond’). The 16th tallest commercial tower in the world and the tallest office tower in the Middle East, Almas Tower houses DMCC’s corporate offices, the Dubai Diamond Exchange, Pearl Exchange in addition
to gold and diamond vaults and business and client centre facilities.
JLT now stands at 62 completed mixed-use commercial and residential towers with over 160 retail outlets and 50,000 people living and working there. Its position at the heart of new Dubai, with direct access to the main artery road in the city (Sheikh Zayed Road), close proximity to the logistic and port authorities, airports and walking distance to two Dubai Metro Stations – combined with the fully equipped community has made it the free zone of choice.
As well as offering modern infrastructure and free-hold property, DMCC offers a fit for purpose regulatory framework such as the Dubai Good Delivery and Practical Guidance for the Precious Metals Industry; trade and financial platforms like the Dubai Gold & Commodities Exchange and DMCC Tradeflow as well as value added services and products for the commodities industry including secure vaults and purpose-built storage, blending and boiling facilities.
dubai Consultancy Firm of the Year 2013
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Finance Monthly GLOBAL AWARDS 2013
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