Meydan Free Zone Company Setup in Dubai
Want to launch a company in Dubai, U.A.E? Why not visit Meydan Free Zone? A well-located jurisdiction for businessmen that offers world-class infrastructure, tax, cost, and other advantages.
This economic Free Zone, often known as Meydan FZ, is located in a key area of the heart of Dubai. Meydan FZ provides business owners and entrepreneurs with a wealth of chances to grow their operations abroad because of its thriving, strategically positioned economic community.
When you set up your Freezone business at Meydan, you can be operational quickly. Meydan FZ is committed to giving a business-friendly environment that will support the expansion of well-established companies of all sizes in Dubai’s thriving business community.
Are you planning for a business setup in the Meydan Freezone?
Company Formation in Meydan Free Zone, Dubai has never been so quick and easy thanks to RIZ & MONA CONSULTANCY’s 15 years of experience in this field. Our qualified business advisers are well-versed in the policies, procedures, and requirements for company setup in UAE.
Benefits of Business Setup in Meydan Free Zone, Dubai
Meydan FZ is unquestionably regarded as the finest place for entrepreneurs to enter the UAE business sector and extend their operations globally due to its strategic location in the emirate of Dubai. Meydan free zone offers straightforward company formation processes, reasonable price packages, and minimal criteria for business owners who want to establish a company in the United Arab Emirates.
The advantages of forming a business in Meydan FZ are more than that including the following:
- A top-notch, thriving community
- 100% foreign ownership
- There are numerous non-visa and visa package options
- 100% repatriation of profits and capital
- For the formation of a company with Meydan, shareholders are not required to be physically present in the Emirates
- No personal or corporate income tax
- Controlled and secure business environment
- Zero re-export or import taxes
- Run a business outside of the U.A.E
- There is no minimum required paid-up capital
- There are above 1500 business activities available
- Office facilities are accessible 24/7
- Easy to open a bank account
- 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
- After receiving security and governmental certifications, company documents are released the next day
- This FZ is located only 15 minutes away from the Dubai International Airport
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 Incorporation
- Certificate of Incumbency or equivalent
Business Setup with Individual Shareholders
- Emirates ID copy (if required)
- Passport copy
- Copy of residence visa (if required)
- Passport Size picture (digital)
- Memorandum of Association (MOA)
- Business License
- Share Register
- Certificate of Formation
- Lease Agreement
Terms & Conditions
- General Terms & Conditions Policies apply.
- The Certificate of Incumbency must have been issued in the previous three months.
- 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.
- Every business document needs to be notarized.
- Original documentation must be given within two months of the license’s issuance.
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
Due to its extremely affordable license choices, Meydan Free Trade Zone is the perfect answer for independent investors or small start-ups. It can also be the perfect choice for anyone who wants to start a business close to the area of Dubai downtown.
Activities offered by Meydan Free Zone might be classified as media, consulting activities, or commercial licensing.
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.
A consulting license enables the provision of professional services such as human resources, business, management, and multiple similar consulting-related activities.
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
- Immigration card.
- Copy of the e-visa issued by government authorities
- Company’s business license
- 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.
RIZ & MONA offers its clients comprehensive help with company formation in the Meydan Freezone and the issuing of employee and shareholder residency permits.
There is also a proper and pre-defined procedure to get the business or trade license in the Meydan free zone. The process is pretty simple and anyone can follow it with ease. If you want to get to know about the process, you should contact experienced business setup consultants in Dubai such as RIZ & MONA CONSULTANCY.
Business Activities Offered by Meydan Free Zone
More than 1500 activities are available through Meydan Free Zone’s many activity groups. This also makes Meydan a great place to run a business or expand a company. Because chances are that your currently existing company will fall under the approved corporate activities in Meydan.
There are no restrictions on what you can do with your business, from marketing to pharmaceuticals, retail to legal counsel. Still not satisfied? Fret not as this special economic zone got you covered! Get the freedom to combine up to 3 business activity groups from different industries in your trade license. This option is great for start-up owners and investors who are looking to run a company that operates a different group of commercial activities. It is also fantastic for those entrepreneurs who want to try out multiple businesses at a time.
Keep in mind that the list provided below is not all-inclusive.
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.
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.
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.
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.
As this activity group includes a license for legal activities, it is suitable for legal consultancy firms.
These are the real estate activities about owning or leasing property, on a fee or contract basis.
Logistics business activity covers inland water transportation, other forms of land transportation, storage, and warehousing, as well as courier and mail services.
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.
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.
FAQs – Frequently Asked Questions
Who owns Meydan free zone?
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.
When was Meydan free zone established?
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.
Is a Freezone visa better?
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.
Who built Meydan?
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.
How many companies are in Meydan free zone?
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.
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 RIZ & MONA CONSULTANCY. 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.