How can one establish a low-cost business setup in JLT, and what advantages does it offer compared to mainland office spaces?

Jumeirah Lake Towers (JLT) offers seamless access to seamless access to business hubs like Jebel Ali, Dubai Media City, and Dubai Internet City. If you’re looking for an ideal location for a somewhat lowcost business setup in Dubai, consider adding JLT to your options. 

Whether you’re looking for low cost business setup in Dubai free zones or the mainland, there are plenty of factors that you must carefully consider. Below is a short guide that can help you make informed decisions in setting up or expanding your business.

Advantages of JLT for Low-Cost Business Setup

Free Zone Benefits

Newly implemented regulations in Dubai free zones allows 100% foreign ownership. Unlike in other areas where foreign investors are only allowed partial ownership or require having local shareholders.

No corporate tax

Opting to set up your business in a JLT business center can be highly beneficial since you won’t have to pay corporate taxes.

Flexible Business Structures

Compared to mainland business setup Dubai, choosing an area in freezones like JLT will give you more options for company formation (free zone company, branch office).

You can customize your business setup to suit your business needs. If you’re not familiar with the legal processes for making these changes, you can always opt to work with professionals who can provide valuable advice in maximizing your business resources. 

Affordability

JLT offers competitive rental rates for office spaces. No matter the type of business, freezones usually offer lower operational costs compared to the mainland.

Infrastructure and Amenities

The rates in JLT may be lower, but it does not compromise the quality of their facilities and amenities. In fact, JLT has well-developed infrastructures with transportation and utilities. The area is also home to a vast range of commercial facilities and services.

Steps to Establish a Low-Cost Business Setup in JLT

1. Choose a Suitable Business Activity

• Identify activities permitted in JLT free zone
• Consider market demand and competition

2. Select a Business Structure

• Evaluate the pros and cons of different structures (free zone company, branch office)

3. Obtain Necessary Licenses and Permits

• Complete the required documentation and applications
• Comply with regulatory requirements

4. Find a Suitable Office Space

• Explore available options within JLT
• Consider factors such as size, location, and amenities

5. Set Up Company Bank Account

• Open a corporate bank account in Dubai
• Manage financial transactions and comply with banking regulations

The cost of office spaces in JLT vs Dubai Mainland

Cost

• Lower rental rates and operational costs in JLT
• Potential for cost savings on taxes and regulations

Ownership and Control

• 100% foreign ownership in JLT
• Restrictions on ownership in mainland

Business Activities

• A wider range of permitted activities in JLT Tax Implications
• Tax-free environment in JLT
• Corporate tax and VAT applicable in mainland

Whether you need facilities for your staff or you need assistance with legal processes in setting up a business in JLT, you can count Austria Business Center. We have a team of experts who are up-to-date with the latest market trends and are familiar with the legal processes involved in setting up a business. Hence, we can offer valuable advice and assitance to meet your business needs.