How to Setup Business in Meydan Free Zone: A Guide to Company formation in Dubai, UAE
Start your Business Journey with Company Formation in Meydan free zone, the UAE's highly reliable free zone that provides MoFA business licenses and comprehensive solutions. Initiate the setup of your business in Dubai now through Smart Zones® UAE.
- 100% Foreign Ownership
- 100% repatriation of capital
- Easy Business Setup
- World-Class Vibrant Community
The Meydan Free Zone (“Meydan FZ”) is situated in a strategic location in the Emirate of Dubai. With its flourishing, centrally located economic community, Meydan FZ offers entrepreneurs with a multitude of opportunities to expand their business internationally, and emerges as one of the best options for Dubai free zone company formation.
Why Setup Your Business in Meydan Free Zone, Dubai?
Meydan FZ is determined to “create an enabling environment for success” for businesses of all scale and sizes looking to shift and grow in the commercially dynamic city of Dubai. The list of benefits that this free zone offers is one of the best amongst Dubai free zone company formation options.
Meydan free zone offers a wide variety of activities including specific/general trading, investment, consultancy, service-related and professional activities which is all clubbed together under the single umbrella of a “Business License”. No wonder Meydan Free Zone is the cheapest Dubai free zone.
Meydan FZ allows a combination of up to three (3) activity groups in a single license at no additional cost, offering you the lowest Dubai company registration cost. This free zone makes it convenient for entrepreneurs by ensuring the issuance of the business licenses in three to five (3-5) working days, thus offering you one of the fastest company registrations in a Dubai free zone.
The packages offered by Meydan FZ are the most cost-effective and economical for company registration in a Dubai free zone. Their packages offer the best Dubai company registration costs and aim to create an enabling environment for entrepreneurs. Meydan FZ offers access to a unique and vibrant business community that inspires growth through innovation and collaboration with regular networking events. Entrepreneurs can obtain the business license by paying the most affordable cost for company registration in a Dubai free zone, and register their companies from anywhere in the world.
Benefits of Company Formation in Meydan Free Zone, Dubai
Meydan FZ offers the lowest Dubai Free Zone Company Formation cost, simple formation procedures and minimum requirements for entrepreneurs who wish to set up a company in the UAE. Due to its central location in Dubai, Meydan FZ is definitely considered to be an ideal option for Dubai free zone company formation.
- 100% foreign ownership.
- 100% repatriation of capital and profits.
- 0% corporate or personal income tax.
- 0% import or re-export duties.
- No minimum paid up capital requirement.
- Company documents issued within a day after getting the security and government approvals.
- Office facilities open round the clock.
- Companies are privy to exclusive specials on food and beverage facilities such as the fully equipped Business Centre, and luxurious hotel accommodations at the 5-star Meydan Hotel.
- Easy bank account set up.
- More than 1500 business activities to choose from.
- Engage in businesses outside of UAE.
- Safe and regulated business environment.
- Shareholders are not required to be physically present in the UAE for Meydan Free Zone company formation.
- Various visa and non-visa packages available.
- World-class vibrant community.
- Just 15 minutes from the Dubai International Airport.
Meydan Free Zone in Dubai offers diverse Flexi-desk options, making it an advantageous location for setting up a company due to the streamlined process by the state government, especially for freelancers.
Top Business Activities Offered by Meydan Free Zone in UAE
If you are looking to start a company in a Dubai Free Zone, Meydan Free Zone is your best bet since it offers over 1500 activities under their various activity groups. Please note that the below-mentioned list is non-exhaustive.
- Advertising: This activity group includes advertising, specialized design activities, photographic activities, creative arts & entertainment activities.
- Education & Training: These activity groups include education from pre-primary to secondary and higher education, educational support activities, sports coaching activities, recreational sports educational activities.
- Financial: This is a prominent activity group which includes financial service activities (except insurance & pension funding activities), tax consultancy, accounting, book-keeping, auditing activities, and monetary intermediation.
- Holding: This is a highly sought-after activity group which comprises of activities of holding companies. Tax benefits and ease of administration makes this activity group an attraction for a host of investors.
- Human Resources: This activity group includes activities in relation with HR. It encompasses employment placement agencies, temporary employment agency activities, and other human resources provisional activities.
- Infrastructure: The activities in this group encompasses construction of buildings, construction of roads & railways, construction of utility projects, construction of other civil engineering projects, demolition, installation of industrial machinery and equipment and other specialized construction activities.
- Legal: This activity group is suitable for legal consultancy firms as it includes a license for Legal activities.
- Logistics: This includes inland water transport, other land transport, warehousing, storage, support activities for transportation, and postal and courier activities.
- Management: This is a wide activity group consisting of management consultancy activities, leasing of intellectual property & similar products (except copyrighted works), other reservation service & related activities, office administrative and support activities, activities of call centres, and business support service activities.
Consider factors like your business services, target market, and long-term goals when selecting a structure, and consult legal and business experts for guidance.
Types of Businesses Entities permitted in Meydan Free Zone, Dubai
The following types of business entities are allowed in Meydan Free Zone (MFZ), Dubai:
- Sole Establishment (FZ)
- Limited Liability Company (LLC-FZ)
- Branch/Representative Office.
Steps to Launch a Business in Meydan Free Zone, Dubai, UAE
Establishing a Company in Meydan Free Zone, Dubai involves several steps:
Embark on the journey of opening a business in Dubai by partnering with Smart Zones® UAE. Our adept company formation specialists will guide you through the business license application and setup process, liaising with relevant government and municipal authorities on your behalf.
Choose your business activity from the approved list and determine a business name in accordance with government guidelines.
For Individuals (Persons): Fill out the registration and application form (available on the MFZ website or by email) and have it signed by the owner. Provide a passport and visa copy of the owner/manager, a 3-year business plan, an original bank reference letter or stamped six-month bank statement, CV of the owner/manager, proof of address (e.g., utility bill or lease agreement), copy of Emirates ID card (if a UAE resident), copy of any existing UAE trade license, and a notarized power of attorney if appointing a legal representative/agent/other person. Additionally, include a colored passport copy for authorized personnel and reserve three name options on the MFZ registration form.
For Companies: Complete the registration and application form signed by all shareholders, submit a minimum three-year business plan, provide an original bank reference letter or stamped six-month bank statement for the manager, a Good Standing Certificate, a Board Resolution appointing a manager/director, the relevant power of attorney, and the business activity. Include the Memorandum of Association and Articles of Association of the parent company, Certificate of Registration or Certificate of Incorporation, CV of the Manager/Director, colored passport and visa copy of the Manager/Director, and a notarized power of attorney for shareholders. Also, reserve three name options on the MFZ registration form.
The cost of setting up a Meydan Dubai free zone company encompasses the Application Form, Registration Fee, License Fee, Additional Activity, and Establishment Card. Prices may change, so contact us for confirmation.
Once documents and initial approvals are processed, arrange an appointment with the MFZ to register your free zone company, typically taking 1-2 weeks.
Sign and attest the Article of Association (AoA), Memorandum of Association (MoA), and leasing agreement before the MFZ officer. Obtain the certificate of incorporation, license, and issue visas.
The final step involves obtaining any required external approvals. Certain activities may necessitate approval from various bodies (e.g., DIMC, RERA), which must be provided to the authority for further processing.
Complete the process by opening your corporate bank account for your Dubai Business with Smart Zones® UAE. This final step paves the way for the successful opening of your Business.
Remember that the process may vary depending on your chosen jurisdiction and business activities. Consulting legal and business experts familiar with Dubai's business setup landscape is highly recommended.
Looking for a seamless business setup experience? Trust Smart Zones® Dubai to pave the way.
Documents Required to Start a Business in Meydan Free Zone, Dubai, UAE
Individual Shareholder(s):
- Passport copy
- Passport-sized photo (digital)
- Residence visa copy (if applicable)
- Emirates ID copy (if applicable)
Corporate Shareholder(s):
- Passport copy
- Passport-sized photo (digital)
- Residence visa copy (if applicable)
- Emirates ID copy (if applicable)
Submitting incorrect documents can lead to immediate rejection. Our consultants at Smart Zones® UAE ensure you have the right documents, avoiding any complications in the process.
Cost of Business License in Meydan Free Zone, Dubai
Meydan Free Zone offers business licenses at cost-effective rates. The Free Zone offers Flexi-desk packages along with the Trade License for the investors. Getting a Business license in Meydan Free Zone in Dubai typically comes with a price tag starting from AED 12,500. The exact amount you pay depends on factors like your business plan, the type of structure you opt for, and how many employees you intend to hire. For a more detailed breakdown of all the expenses tied to acquiring a trade license in Meydan Free Zone, Dubai, reach out to Smart Zones® UAE. Our skilled advisors can provide a clearer picture of what you can expect in terms of costs.
Meydan Free Zone offers a strategic location in Dubai, providing a flourishing economic community and numerous opportunities for international business expansion. It is known for being one of the best and most affordable options for Dubai free zone company formation.
Meydan FZ allows a wide variety of activities, including specific/general trading, investment, consultancy, service-related, and professional activities, all covered under a single "Business License." This makes it the cheapest Dubai free zone for entrepreneurs.
Meydan FZ ensures the issuance of business licenses within three to five (3-5) working days, making it one of the fastest company registration processes in a Dubai free zone.
Some key benefits include 100% foreign ownership, 100% repatriation of capital and profits, 0% corporate or personal income tax, 0% import or re-export duties, no minimum paid-up capital requirement, and the issuance of company documents within a day.
Meydan Free Zone offers over 1500 business activities, including advertising, education and training, financial services, holding companies, human resources, infrastructure, legal consultancy, logistics, and management consultancy, among others.
Meydan Free Zone allows the formation of Sole Establishment (FZ), Limited Liability Company (LLC-FZ), and Branch/Representative Office.
The steps include partnering with Smart Zones® UAE, selecting a business activity and trade name, compiling necessary documents, paying applicable fees, scheduling an appointment with the MFZ Authority, signing necessary documents, obtaining external approvals, and opening a corporate bank account.
Required documents include passport copies, passport-sized photos, residence visa copies, Emirates ID copies (if applicable), business plans, bank reference letters, CVs, Memorandum of Association, Articles of Association, and other relevant documents.
The cost varies depending on factors such as business plans, type of structure, and the number of employees. Business licenses typically start from AED 12,500, and for a detailed breakdown, it is advisable to consult with Smart Zones® UAE advisors.
Want to know more, talk to Smart Zones® Dubai advisory team they will be happy to help. Ready to invest in your future?
