Meydan Free Zone is one of Dubai’s most dynamic and investor-friendly business hubs, offering a prime location near Downtown and Business Bay. Known for its world-class infrastructure and ease of access, it’s a top choice for entrepreneurs looking to enter the UAE market. Meydan Free Zone business setup is ideal for startups and established businesses alike, with benefits like 100% foreign ownership, zero corporate tax, and over 2,500 business activities to choose from. The zone also offers flexible workspace options, full profit repatriation, and no currency restrictions. This blog will guide you through everything you need to know about setting up your business in the Meydan Free Zone.
Why Choose Meydan Free Zone for Business Setup?
Meydan Free Zone company formation is a hassle-free and cost-effective passage to Dubai dynamic market for entrepreneurs. Below are the key reasons why it is a perfect place to start your business:
Prime Location
Meydan Free Zone is located in the heart of Dubai. Its strategic location places it in close proximity to Mohammed Bin Rashid Al Maktoum City and just a 15-minute drive from Dubai International Airport, providing quick market access and efficient logistics linkages.
Cost-Effective Setup
Startup ventures along with small businesses can take advantage of affordable installation costs at Meydan Free Zone since license fees start at AED 12,500* and there are no limitations on paid-up share capital.
Tax-Free Environment
Business profits can be optimized with gained reinvestments because Meydan Free Zone offers a complete personal income tax exemption for both personal and corporate entities and eliminates duties on imports and re-exports.
100% Foreign Ownership
Business owners in Meydan Free Zone secure complete ownership of their operations while retaining full access to their profits as it doesn’t impose any restrictions on foreign business control.
Fast Registration and Licensing
The company registration procedure at Meydan Free Zone takes only 1-2 days which guarantees a smooth business launch. Quick efficient banking services together with swift visa processing are available in this location.
Flexible Business Options
The Free Zone approves over 1,500 business activities which provide flexible licensing opportunities in general trading along with consultancy and media sectors to allow customization of business approach.
World-Class Facilities
Meydan Free Zone provides businesses access to top-tier office facilities together with round-the-clock security measures, privileged access to the Meydan Hotel 5-star accommodation and professional business services.
Growing Networking Hub
Leaders in the Free Zone embrace a stimulating business landscape for productive interaction with international business groups aligned through convenient access to main industry stakeholders.
Documents Required to Start a Company in Meydan Free Zone
Following list of documents is required to register a company in Meydan Free Zone (MFZ):
- Passport Copy
- Emirates ID Copy (if applicable)
- UAE Residence Visa Copy (if applicable)
- Passport-Sized Photographs
- Personal Information Sheet / Application Form
- Proposed Company Names (3 options)
- Certificate of Incorporation (for corporate shareholders)
- Memorandum of Association or MoA (for corporate shareholders)
- Board Resolution (for corporate shareholders)
- Certificate of Incumbency (for corporate shareholders)
- Ultimate Beneficial Owner (UBO) Declaration
- Passport Copy of Appointed Manager/Director
- Visa Copy of Appointed Manager/Director (if applicable)
- Emirates ID Copy of Appointed Manager/Director (if applicable)
- No Objection Certificate (NOC) – if already employed in UAE
- Business Plan
- Proof of Address
- Certified Translations (if documents are not in English or Arabic)
Step-by-Step Process to Start a Company in Meydan Free Zone
Here is the comprehensive step-by-step procedure of setting up company in Meydan Free Zone:
Initial Inquiry & Activity Selection
The first step involves selecting a business activity that lines up with operations while matching industry requirements of Meydan Free Zone. The Free Zone in the UAE provides multiple business activities which match every operation requirement.
Company Structure Selection
Entrepreneurs at Meydan Free Zone can establish their business through the available options which include:
- Single Shareholder Company
- Free Zone Limited Liability Company (FZ LLC)
- Branch/Subsidiary of a Foreign Company
For FZ-LLC companies, up to 7 shareholders are allowed, and a manager or director must be appointed.
Company Name Selection & Availability Check
Submit three potential company names, and Meydan Free Zone will select one for corporation approval. The Free Zone uses a two-step approach to check naming availability and enforce naming standards.
Document Gathering & Preparation
Assemble essential papers which include passport duplicates, together with proof of residence and business plan execution. A smooth approval process will result from using properly arranged and error-free documentation.
License Application & Approvals
The applicant must send their required documents with the application to the Meydan Free Zone authorities for approval assessment. The authorities will verify that applications meet all established legal standards as well as operational and legitimate guidelines. After successful approval the Free Zone will distribute the company license.
Fee Payment & Office Setup
Businesses need to pay related fees that stem from their selected business activity together with their license and office space requirements. An entrepreneur can select between having physical office space or selecting virtual office capabilities to run their business operations.
Bank Account Opening & MeydanPay Setup
Open a bank account in Dubai, then set up MeydanPay, the Free Zone’s local banking system. This system facilitates seamless financial transactions for businesses operating within the Free Zone.
Visa Application (Optional)
Submitting applications for investor and employee visas becomes possible by going through the Free Zone. The establishment phase follows a simple process which moves rapidly between steps.
Obtain Trade License & Start Operations
Businesses can begin their operations right away after receiving an issued trade license. Entrepreneurs become ready to start their operations in Meydan Free Zone once they finish their company setup.
License Types in Meydan Free Zone
Meydan Free Zone provides multiple business licenses which suit different requirements of entrepreneurs and companies. Business licenses in the Free Zone support different business operations through enforcement of legal requirements alongside operational standards. Major Meydan Free Zone license categories include:
Consulting License
The consulting collaboration with HR consultancy and finance consultancy falls under this license category as do other professional services. This business license enables organizations to provide specific industry-based expertise or advice for corporations.
Commercial License
The Free Zone offers an ideal environment for firms that trade, perform small manufacturing operations, and provide packaging services. The license permits organizations operating between product production or packaging and buying or selling of merchandise.
Media License
This business license serves all enterprises in the media segment from digital marketing to website development and software development to creative or artistic industries. This license enables the development of businesses that make content as well as offer media services including technology-driven solutions.
E-commerce License
Meydan Free Zone supports online companies to operate through digital platforms including e-commerce stores and online services with this specific license.
Cost of Company Setup in Meydan Free Zone
Meydan Free Zone provides affordable rates to its business setup clients. Business licenses along with visa requirements determine the total costs of setup in Meydan Free Zone. The following points details the expenses for company establishment:
- Business License without Visa: AED 12,500*
- Business License with 1 Visa Quota: AED 14,350*
- Business License with 2 Visa Quota: AED 16,200*
- ‘Pay as You Go’ Visa Addition: AED 1,850* per visa (up to 6 visas)
Meydan Free Zone enables clients to purchase business license package subscriptions at a discounted rate of 15% when they extend their license duration for multiple years. The reasonable fees enable businesses to establish themselves in Dubai at affordable costs.
Conclusion
Businesses can leverage Meydan Free Zone Business Setup as their optimal choice to start operations in Dubai. It provides businesses and startups through its competitive setup packages and flexible organizational frameworks along with tailored industry licenses which together make it appealing to companies of all development levels in the United Arab Emirates. The fast and easy setup procedures combined with simple documentation requirements along with fast visa acquisition and bank account setup make Meydan Free Zone highly attractive to investors.
Thinking of launching your company in the Meydan Free Zone? Let Xpert Advisory simplify the entire process for you. Our specialized Free Zone business setup services handle everything, from securing your trade license quickly to guiding you through opening your corporate bank account with ease. Contact us today and take the first step toward establishing your successful business in Dubai!
FAQs
What Is the Meydan Free Zone Company Setup Cost?
The Meydan Free Zone company setup cost is affordable and flexible, depending on your business needs. Company formation in Meydan Free Zone starts from AED 12,500 with options to scale as your business grows.
What Are the Requirements for Setting Up a Business in Meydan Free Zone?
For business setup in Meydan Free Zone, you need valid identification, business details, and payment for licensing. You can start with one license, which covers a wide range of commercial activities.
What Business Activities Are Allowed in the UAE Through Meydan Free Zone?
Meydan Free Zone allows over 1,500 business activities, UAE approved, including trading, consultancy, and e-commerce. You can choose up to 3 business activities under a single license when setting up your company in MFZ.
