JLT area is a free zone, says DMCCA

The Dubai Multi Commodities Centre Authority (DMCCA) yesterday released a statement which clarified Jumeirah Lake Towers as a free zone.

"With the completion of the Jumeirah Lakes Towers (JLT) community and the DMCC's buildings (Almas Tower, AU Tower, AG Tower and J&G), the DMCCA wishes to state that JLT is an integral part of the DMCC free zone and therefore enjoys absolute free zone status," the statement said.

"The DMCC was established by a Royal Decree in 2002 in which DMCC's free zone status is clearly stated. Currently, 1,800 firms avail the free zone facilities at JLT.

"DMCCA would also like to state that anyone wishing to establish a firm at JLT free zone is required to be licensed by DMCCA," it said.

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