Meydan Free Zone
Looking to start a company in Dubai, UAE? Consider Meydan Free Zone, a premier location offering exceptional infrastructure, tax benefits, and other advantages for businesses. Meydan Free Zone, or Meydan FZ, is strategically situated in the heart of Dubai, providing a dynamic economic environment for entrepreneurs and business owners. Its prime location and robust economic community offer ample opportunities for international business expansion.
Setting up your Free Zone business at Meydan is streamlined for efficiency. Meydan FZ is dedicated to fostering a business-friendly atmosphere that supports the growth of companies of all sizes within Dubai’s vibrant business landscape.Looking to start a company in Dubai, UAE? Consider Meydan Free Zone, a premier location offering exceptional infrastructure, tax benefits, and other advantages for businesses. Meydan Free Zone, or Meydan FZ, is strategically situated in the heart of Dubai, providing a dynamic economic environment for entrepreneurs and business owners. Its prime location and robust economic community offer ample opportunities for international business expansion.
Setting up your Free Zone business at Meydan is streamlined for efficiency. Meydan FZ is dedicated to fostering a business-friendly atmosphere that supports the growth of companies of all sizes within Dubai’s vibrant business landscape.
Benefits of Business Setup in Meydan Free Zone, Dubai
Meydan FZ is widely recognized as one of the top locations for entrepreneurs to enter the UAE market and expand their operations internationally, thanks to its strategic position in Dubai. The Free Zone provides a streamlined company formation process, cost-effective packages, and minimal requirements for business owners looking to establish a presence in the United Arab Emirates.
The advantages of forming a business in Meydan FZ are more than that including the following:
- There are numerous non-visa and visa package options
- Controlled and secure business environment
- 100% foreign ownership
- 100% repatriation of profits and capital
- No personal or corporate income tax
- There are above 1500 business activities available
- Run a business outside of the U.A.E
- For the formation of a company with Meydan, shareholders are not required to be physically present in the Emirates
- Easy to open a bank account
- This FZ is located only 15 minutes away from the Dubai International Airport
- After receiving security and governmental certifications, company documents are released the next day
- There is no minimum required paid-up capital
- A top-notch, thriving community
- Companies have access to special discounts on upscale hotel accommodations at the 5-star Meydan Hotel and on food and beverage services including the fully stocked Business Centre
- Zero re-export or import taxes
- Office facilities are accessible 24/7
Documents Required for Company Formation in Meydan Free Zone
Following are the documents that will play a huge role in setting up a business in Meydan Free Zone:
Business Setup with Corporate Shareholders
- Memorandum of Association
- Certificate of Incumbency or equivalent
- Certificate of Incorporation
Business Setup with Individual Shareholders
- Copy of residence visa (if required)
- Emirates ID copy (if required)
- Passport Size picture (digital)
- Passport copy
Business Setup with Individual Shareholders
- Business License
- Certificate of Formation
- Lease Agreement
- Memorandum of Association (MOA)
- Share Register
Terms & Conditions
- Companies that are registered with authorities and have online registries where information may be found will only be required to provide copies of corporate documents.
- The Certificate of Incumbency must have been issued in the previous three months.
- Original documentation must be given within two months of the license’s issuance.
- Every business document needs to be notarized.
- General Terms & Conditions Policies apply.
Procedure of Company Setup in Meydan Free Zone
The process for setting up a company in Meydan Freezone is simple, convenient, and open. A quick explanation of the procedure is provided below:
- Step 1. Find out what kind of business activity you will conduct.
- Step 2. Complete the application and provide the required documents to the authorities.
- Step 3. Register the trade name of your company and ask the Meydan FZ authority to give it to your business.
- Step 4. Manage licensing and registration needs for your business.
- Step 5. At last, obtain shareholder signatures on the paperwork of firm formation while Meydan Free Zone Authority representatives are present.
Meydan Free Zone License Types
Meydan Free Zone is an ideal option for independent investors and small startups due to its highly affordable licensing options. It’s also a great choice for those looking to establish a business near the downtown area of Dubai.
Activities offered by Meydan Free Zone might be classified as media, consulting activities, or commercial licensing.
Media License
Media license permits different types of communication, advertising, and media services. Different types of items may be imported, exported, traded, and distributed with a commercial license. Please be aware that Meydan Freezone does not currently provide warehouse space
Consulting License
A consulting license enables the provision of professional services such as human resources, business, management, and multiple similar consulting-related activities.
Commercial License
Different types of items may be traded, imported, distributed, and exported with a commercial license. Please be aware that Meydan FZ does not currently provide any warehouse space.
How to Issue a UAE Residence Visa Via Meydan Free Zone Company
Follow the steps given below to issue a UAE residence permit via Meydan Freezone company in no time:
- Step 1. After Meydan FZ issues the business license, if you chose the license with visa entitlement, you have to apply for an immigration card. After the application is submitted, the immigration card will be issued in two to three working days.
- Step 2. Then, complete the visa application and submit it to MFZ along with supporting documentation such as a copy of the passport and the immigration card number. After the application is submitted, e-visa will be issued in three to five business days.
- Step 3. After receiving the e-visa, the applicant must fly to the Gulf state to apply for an Emirates ID and complete the medical exam.
Following are the documents required for the Emirates ID and medical test:
- Original passport of the visa holder
- Copy of the e-visa issued by government authorities
- Company’s business license
- Immigration card.
- Three passport-sized photos of company shareholder(s) with white background
- Step 4. After clearing the medical result, you can move ahead with the Emirates ID biometrics.
- Step 5. The required documents including medical tests must be submitted to complete the process of Emirates ID and passport stamping.
- Step 6. Open a bank account in any of the corporate banks. Once Meydan FZ has received the original copies of the documents mentioned earlier, the residence permit will be stamped within one to two business days. As a result, after 10 days the Emirates ID will be given out.
Bay Capital Consultants provides complete assistance with company formation in Meydan Free Zone, including obtaining employee and shareholder residency permits.
The process for acquiring a business or trade license in Meydan Free Zone is well-defined and straightforward. For a clear understanding of the procedure, it’s advisable to consult with experienced business setup consultants like Bay Capital Consultants.
Business Activities Offered by Meydan Free Zone
Meydan Free Zone offers access to over 1,500 activities across various groups, making it an excellent choice for running or expanding a business. Chances are, your existing company will align with one of the approved activities in Meydan.
There are no limitations on the types of business you can engage in, from marketing and pharmaceuticals to retail and legal services. If you’re looking for more flexibility, Meydan Free Zone allows you to combine up to three different business activity groups within a single trade license. This feature is ideal for startup owners and investors interested in managing diverse commercial activities or exploring multiple business ventures simultaneously.
Keep in mind that the list provided below is not all-inclusive.
Infrastructure
Construction of buildings, the building of utility projects, the building of railways and roads, demolition, the building of other civil engineering projects, the installation of industrial equipment and machinery, and tons of other specialized construction activities are all included in this group of activities.
Training and Education
These activity categories cover education from early childhood through secondary and higher education. This activity group also covers recreational sports, educational support, and coaching activities.
Advertising
Entertainment activities, advertising, photographic activities, specialist design activities, and creative arts are all included in this category of activity allowed in the Meydan business hub.
Holding
This highly desirable activity group consists of activities of holding businesses. It attracts a wide range of investors from across the globe because of the simplicity of administration and tax advantages.
Human Resources
Activities related to human resources are included in this activity group. It includes employment placement firms, temporary employment agencies, and a big number of other provisional human resource services.
Legal
As this activity group includes a license for legal activities, it is suitable for legal consultancy firms.
Real Estate
These are the real estate activities about owning or leasing property, on a fee or contract basis.
Logistics
Logistics business activity covers inland water transportation, other forms of land transportation, storage, and warehousing, as well as courier and mail services.
Financial
Auditing operations, financial service activities (apart from pension financing and insurance activities), tax consulting, bookkeeping, financial intermediation, and accounting are all part of this well-known activity area.
Management
This broad category of operations includes leasing of intellectual property and comparable items (apart from copyrighted works), call centre activities, other reservation services, and associated activities, management consulting services, business support services, and office support and administrative activities.
Contact Us for Meydan Free Zone Company Setup
Meydan Freezone is located in a premium location, conveniently situated economic sector, and offers full free zone incentives. This free zone in the UAE provides a wealth of modern lifestyle and investment benefits to business owners. It makes sure that the businesses run in a safe, regulated manner that boosts the profitability of a company.
If you are looking for a cost-effective business setup in Dubai, you should contact BayCapital Consultants. Our team of experienced experts can help you throughout the whole company registration process, from choosing the right business and registering your company name, to handling your Meydan license and visa applications, etc.
FAQ's
His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President of the U.A.E, Prime Minister, and Ruler of Dubai created Meydan free zone as a visionary idea. The outlook for this zone is focused on developing a strategy for the future.
A Freezone visa is far better than any other work permit. One of the primary benefits of this is tax exemption. You won’t be required to pay personal, export, or import taxes as a result. Additionally, you will receive a temporary exemption from paying corporate taxes that can be extended at some other time.
Meydan was built by the Malaysian firm TAK, who also managed the first phase of Meydan City, the grandstand’s most remarkable feature. TAK is the master planner of the Palm Deira. Meydan, however, is where the bars, seating, corporate/VIP suites, and dining options are located.
According to Rulers Decree No. 5, the Meydan Free Zone was formed in February 2009. It provides a quick and easy way to launch a business in one of Dubai’s most prestigious locations. The location advantage of this free trade zone is there because it is close to the Dubai Logistics Corridor and Mohammed Bin Rashid Al Maktoum City.
Meydan Free Zone grants Limited Liability Company (LLC-FZ) permits and offers more than 1,500 professional operations. It provides a community in which one can live, work, and play.