About JLT (Jumeirah Lake Towers)
Jumeirah Lake Towers is a business centre district that tastefully combines both function and aesthetic appeal. It has three famous man-made lakes and landscaped gardens that add a touch of nature to its modern hotels, retail establishments, recreational areas, residential and office skyscrapers and commercial areas.
It is also famous for being pedestrian friendly but automobile restrictive. This is not exactly a problem as most of the buildings are not too far from each other. The famous Almas Tower, which houses some of the country’s prime leaders in the diamond, pearl and gemstone industries, is the district’s centrepiece. It is also conveniently located near prestigious neighbourhoods such as Business Bay and Abu Dhabi, the capital of the UAE.
Apart from its peaceful waterfront ambiance, it also provides an excellent business environment both for local and foreign business owners. As an economic free zone, it provides several advantages and incentives such as permission for foreigners to have 100% ownership and control over their companies, 0% income and corporate taxes, abolition of customs duty, and provision of modern infrastructure and trade networking platforms for investors. Once the process of business incorporation is completed, businesses and companies will be assisted by the free zone authorities on issues regarding property security.
While policies to encourage local and foreign investment are put in place, competition is inevitable. The prices of land and building spaces reach astronomical heights as companies compete to set up their businesses in the area. Nevertheless, these factors only ensure that the structures, facilities, and services being provided in the district are world class and of the highest quality worth their prices.
Being able to set up companies and businesses in JLT can ensure great connections with successful companies, target market visibility, and accessibility. These are essential factors for maintaining and promoting a successful business venture.