Meydan Business Setup in UAE

December 27, 2024

Starting a business in Dubai can be confusing, especially with so many options available. Meydan business setup offers an excellent solution in Dubai’s bustling free zone market. Uncover the essential details about forming a company in Meydan Free Zone, including application steps and benefits. Keep reading to make your business plan easier!

Key Takeaways

Meydan Free Zone offers a strategic location, just 8 minutes from Downtown Dubai and 15 minutes from Dubai International Airport, making it ideal for global business operations.
Setting up a business is cost-effective with basic licensing starting at AED 12,500*, and the zone allows for 100% foreign ownership.
Businesses benefit from financial perks offered by Meydan Free Zone, such as a 0% tax rate on personal income and the absence of corporate or personal income tax. There are no currency limits.
The process to set up includes submitting documents online, reserving your company name, getting approval from Meydan authorities, and receiving your business license within days.
Companies can access over 1,500 business activities without needing a local sponsor or physical office space. They also gain easy entry into international markets.

Advantages of Business Setup in Meydan Free Zone

Meydan Free Zone offers a wide range of benefits for businesses. It provides a strategic location in the United Arab Emirates with easy global access and financial benefits without currency restrictions.

Prime Location and International Access

Meydan Free Zone stands out as a prime destination for those seeking to establish their presence in the city’s heart. Located just 8 minutes from Downtown Dubai, Meydan Free Zone is strategically positioned, offering a prime spot for business. It provides easy access to major transportation hubs including Dubai International Airport and Jebel Ali Port. This makes it easy to reach Europe, Asia, and Africa. Companies here can work round the clock.

Dubai’s strategic position helps with global trading. It serves as an ideal destination for entrepreneurs looking to establish their presence in the region. Many top businesses choose this location for their headquarters. Setting up in Meydan improves your chances of success in international markets.

Financial Benefits and No Currency Limits

Meydan Free Zone provides great financial benefits for businesses. There is a 0% tax rate on personal income and no corporate or personal income tax. You can repatriate 100% of your capital and profits without any trouble. This means you keep what you earn and don’t pay extra taxes to the UAE.

You also face no currency limits in Meydan Free Zone, making it easier to do international business. No import or re-export duties help lower costs further. It’s an ideal place for companies looking to save money while expanding globally. Conducting business in Meydan aligns well with the financial dynamics of the business landscape.

Broad Network of Business Partnerships

Setting up in Meydan Free Zone offers simple business partnerships. Firms can connect with over 1500 business activities. This broad network boosts chances for collaboration and business growth.

Businesses here do not need a local sponsor for foreign ownership. The licenses are recognized by Dubai’s Ministry of Foreign Affairs, making international deals easier. Entrepreneurs find many opportunities to expand their reach globally from Meydan Free Zone’s base.

Company Options in Meydan Free Zone

You can choose from several types of companies to set up in Meydan Free Zone. These choices cater to different business needs and goals.

Establishing a Limited Liability Company (FZ LLC)

Establishing a Free Zone Limited Liability Company (FZ LLC) in Meydan is simple and quick. With no minimum paid-up capital needed, you can start your business with less financial pressure. The basic licensing fee begins at AED 12,500*. This zone allows for 100% foreign ownership.

One license can cover up to ten visas without needing office space. You also have the option to open a commercial license or trade license based on your needs. Having an FZ LLC gives you access to tax exemptions and lowers corporate taxes, making it favorable for both startups and established businesses.

Opening a Branch or Representative Office

Meydan Free Zone allows the formation of a branch or representative office, providing flexibility within this dynamic business center. A branch can conduct business similar to its parent company. But it cannot engage in activities the parent doesn’t do.

Setting up a representative office means promoting and marketing your parent company’s products without signing contracts or billing customers directly. Both types offer financial benefits like no NOC required for setup and no annual auditing requirement. The fee for one visa is AED 14,350* and increases slightly to AED 16,200* for two visas.

Process of Company Formation in Meydan Free Zone

The process of business setup in the Meydan Free Zone in Dubai is simple and quick. Engaging reputable consultants such as Xpert Advisory further streamlines the setup. Follow these steps to ensure your company meets all requirements.

Submitting Your Application

Submitting your application to set up a business in Meydan Free Zone is a simple process. Use the online portal for ease and speed.

Prepare Your Documents
- Gather essential documents like passport copies, articles of association, and proof of address.
- Ensure all documents are clear and up-to-date.
Visit the Online Portal
- Access the Meydan Free Zone website.
- Navigate to the “Company Formation” section.
Complete the Application Form
- Fill out personal details and company information.
- Ensure all fields are correctly filled.
Select Your Business License
- Choose the type of Meydan Free Zone license that matches your business activities.
- Options include media licenses, construction licenses, and more.
Submit for Initial Review
- Upload your completed form and required documents.
Pay Fees Online
- Use a credit card or bank transfer for payment.
Receive Confirmation Email
- Check your email for confirmation of submission.

Reserving Your Company Name

Reserving your company name is a key step of the Meydan Free Zone company formation in Dubai. Follow these steps to secure it:

Choose a Unique Name
- Pick a unique and meaningful name for your company in Dubai.
- Ensure the name aligns with approved business activities.
Check Availability
- Use the online portal to check if the name is available.
- Ensure no other companies have the same or similar name.
Submit Your Application
- Fill out the online form with your chosen name.
- Include all required information accurately.
Pay Reservation Fee
- Pay the fee needed to reserve your company name.
- Check if there are any special rates or discounts available.
Receive Confirmation
- Wait for confirmation from Meydan Free Zone authorities.
- This typically takes one or two days.
Use Reserved Name
- Use the reserved name in all documents and communications.
- Make sure it matches exactly as registered.
Renew If Needed
- Renew your reserve if needed before it expires.
- Always keep track of expiry dates and deadlines.

Following these steps helps secure your desired company name quickly and easily in Meydan Free Zone, ensuring smooth progress for your business setup process.

Approval by Meydan Free Zone Authorities

Reserving Your Company Name

After reserving your company name, the next step is getting approval from Meydan Free Zone Authorities. This ensures that your business meets all requirements.

Submit Application and Documents
- Complete the necessary forms. Provide key information about your business.
- Submit these documents on Day 3.
Review by Authorities
- Meydan officials review your application.
- They check if all details are accurate and complete.
Approval Process Timeline
- Usually takes between Days 6 to 8.
- Fast and efficient process for quick setup.
Notification of Approval
- You receive notification once approved.
- This allows you to proceed to the next steps in your business formation.
No NOC Required
- No Objection Certificate (NOC) is not needed.
- Simplifies the process for new businesses.
Follow Next Steps Promptly
- Be ready to act quickly after approval.
- Move forward with obtaining a business license and other required permits. Approval by Meydan Free Zone Authorities ensures that your company can officially operate within Dubai’s free zone, benefiting from its prime advantages.

Business License Issuance

Approval by Meydan Free Zone Authorities leads to the business license issuance. Follow these steps to obtain your business license:

Receive Approval
- Gain approval from Meydan Free Zone Authorities.
- Complete all necessary paperwork.
Pay Fees
- Basic licensing starts at AED 12,500*. Keep in mind that all fees mentioned are for illustrative purposes only
- Submit payment for the chosen license type.
Submit Final Documents
- Provide identification copies and required forms.
- Ensure all information is accurate and up-to-date.
Issuance Timeline
- Business licenses in Meydan Free Zone in the UAE are issued within 6 to 8 days. Timeline subject to approval by authority
- Company documents can be issued within one day if needed urgently.
Ministry Recognition
- All business licenses are recognized by the Ministry of Foreign Affairs in Dubai.

These steps ensure a smooth process for setting up your business in Meydan Free Zone.

Features of Meydan Free Zone Dubai

Meydan Free Zone offers amazing facilities for businesses. It provides a range of options to help companies grow and succeed.

Modern Infrastructure

Meydan Free Zone boasts modern infrastructure and world-class facilities designed to meet the diverse needs of businesses across various sectors. It sits just 8 minutes from Downtown Dubai and 15 minutes from the airport. The area has innovative office spaces customized for businesses. Families enjoy a high quality of life.

Facilities meet international standards, providing advanced tech and reliable utilities. Businesses benefit from fast internet and top-tier amenities at nearby Meydan Hotel. The seamless integration makes it perfect for business success and family living combined.

Cost-effective Establishment

Starting a business in Meydan Free Zone is cost-effective. Basic licensing starts at AED 12,500*. A Business License with one visa costs AED 14,350*. Each extra visa costs AED 1,850*. All fees subject to change and are for reference only

The zone offers a “Pay as you go” model. This helps businesses manage their funds better. Companies save money on currency exchange since there are no currency limits. Businesses also benefit from modern infrastructure which reduces overhead costs.

Diverse Licensing Options

Meydan Free Zone offers over 1,500 business activities. This allows you to find the perfect license for your needs. You can choose a visa or non-visa package based on your preference.

You can get up to 10 visas under one license without needing office space. This option is great for small businesses and startups. The flexibility helps keep costs low while offering many opportunities.

Acquiring a UAE Residence Visa via Meydan Free Zone Company

Company formation in the Meydan Free Zone can help you get a UAE residence visa. This process is simple and offers many benefits for business owners.

Required Documentation

To get a UAE residence visa via Meydan Free Zone, you need certain documents. Each type of shareholder must provide specific items.

Individual Shareholders:
- Passport Copy: A clear copy of the passport’s main pages.
- Passport Photos: Recent photos with a white background.
Corporate Shareholders:
- Trade License: A valid trade license from the business’s home country.
- Memorandum of Association (MOA): The company’s MOA detailing its structure and partners.
No Objection Certificate (NOC):
- No NOC is needed for setting up your business.
No Physical Office:
- You do not need a physical office to establish your company.

Make sure all documents are clear and updated to avoid delays.

Visa Application Process

The visa application process in Meydan Free Zone is simple. Follow these steps to get your UAE residence visa.

Gather Required Documentation
- Passport copy (valid for at least 6 months).
- Passport-sized photos.
- Business license from Meydan Free Zone.
- Entry permit if you are already in Dubai.
Submit Application Online
- Use the online portal provided by Meydan Free Zone authorities.
- Fill out the necessary forms accurately.
Pay Visa Fees
- A business license with one visa costs AED 14,350*.
- A business license with two visas costs AED 16,200* as mentioned above.
Undergo Medical Examination
- Complete a medical test required by UAE law.
Await Approval and Visa Issuance
- Authorities approve the application after reviewing it.
- Receive your residence visa once approved.

Follow these steps to ensure a smooth visa application process in Meydan Free Zone, Dubai’s prime location for mixed-use developments and free trade zones.

Conclusion

Setting up a company in Meydan Free Zone is easy and rewarding. Enjoy benefits like prime location and financial perks. Follow the simple steps to get your business license. With modern infrastructure and diverse options, it offers great growth potential for any business size.

Start your journey today!

FAQs

1. What is the process for setting up a limited liability company (LLC) in Meydan Free Zone?

Setting up an LLC in Meydan Free Zone involves several steps. You need to choose a business activity, submit required documents, and get audited financial statements if needed. After approval, you can conduct banking transactions within Meydan.

2. Can I use my business setup as a marketing tool on platforms like Playstore and Appstore?

Yes, once you establish a business in Meydan Free Zone, you can develop apps for Android and other devices to market your products or services on Playstore and Appstore.

3. Are there any specific price considerations when forming a company in Dubai’s free zone?

Yes, forming a company in Meydan Free Zone has various costs such as company registration fees and licensing charges. Prices may vary based on the type of business activity you choose within the Free Zone.

4. How does banking work for companies set up in Meydan Business Setup?

Banks offer various services tailored for businesses operating within Dubai’s free zones like Jebel Ali or Meydan. These include handling transactions efficiently while ensuring compliance with local regulations.

This blog is intended for informational purposes only. The content is provided “as is” and we make no representations or warranties of any kind regarding its accuracy, completeness, or suitability. Any reliance on the information is at your own risk. We are not liable for any losses or damages arising from the use of this blog.

* – Fees and Costs Mentioned are for Reference Only.