Meydan Freezone
About Meydan Freezone
Meydan Freezone is a modern economic hub located in the heart of Dubai, offering strategic advantages to businesses due to its proximity to key landmarks across the city.
Established in 2009 under ruler’s decree no.5, MFZ is close to various commercial hubs, business areas, and the Dubai International Airport. This prime location giving investors a clear edge.
Meydan Freezone caters to all kinds of businesses, including commercial, consulting, investment, and administrative companies, with flexible options like open office spaces and fully serviced offices.
With a simple setup process and great infrastructure, it’s becoming a popular choice for businesses.
Additionally, it boasts luxurious amenities, including a 5-star hotel and a top-tier golf course.
Moreover, it has access to many commercial developments, including hospitals, villa communities, entertainment industries, world-class facilities, and commercial industries.
ADVANTAGES OF SETTING UP A BUSINESS IN MEYDAN FREEZONE
Meydan Freezone offers numerous benefits that make it a preferred choice for businesses:
1. 100% Foreign OWNERSHIP AND Full CONTROL OF BUSINESS
You can fully own your business without needing a local partner. This allows expats to have 100% ownership of a business.
2. TAX Benefits
Meydan Freezone offers a tax-friendly setup, such as 0% personal income tax meaning you keep more of your earnings.
However, businesses that generate more than AED 375,000 in profit must pay 9% corporate tax. It is still an advantage as it is a lower rate than many other countries.
3. Flexibility of Business Activities
From trading and consultancy to service-based businesses, Meydan Freezone supports a wide range of business activities, providing entrepreneurs with the freedom to choose the business structure and operations that suit them. Therefore, it is the ideal place for their business setup.
4. QUICK AND SIMPLE Business SETUP
The Meydan Freezone company formation process is highly efficient, with minimal documentation and fast approvals, helping businesses to start operating in as quick as 5 – 7 working days.
5. PLANNED LOCATION
Meydan Freezone is close to key business areas, airports, and shipping centers, making it easy to trade locally and internationally.
6. HIGH-QUALITY INFRASTRUCTURE
It offers businesses world-class infrastructure, including innovative technology and modern office spaces.
License Types Offered by Meydan Freezone
Meydan Freezone offers various types of business licenses to accommodate different business activities. Some of the most popular license types include:
1. Trading License
This license allows companies to engage in the import, export, and distribution of goods. It is ideal for businesses involved in trading activities across various sectors.
2. Service License
Companies offering professional services such as consultancy, IT solutions, marketing, and more can operate under a service license.
3. Commercial License
A commercial license is necessary for businesses selling products or services in the Meydan Freezone. These include specialized traders, general traders, and import and export activities.
4. Freelancer License
Meydan Freezone provides a freelancer license for individuals looking to work independently across creative, IT, media, and consultancy sectors.
Meydan Freezone Company Formation Process
Setting up a company in Meydan Freezone is a streamlined and hassle-free process, designed to help businesses get started with minimal delay. Here’s a step-by-step breakdown of the Meydan Free Zone company setup process:
Step 1: Choosing Your Business Activities
The first step is to choose your business activities. There are many options, as the Meydan Free Zone offers over 1,500 different activities.
You should know the category of your business activity, which will determine the type of license you need. Whether you’re involved in trading, services, or consultancy, Meydan Freezone offers options to suit your needs.
Furthermore, you can select three business activities under your Meydan Freezone license.
Step 2: Selecting a Company Name
You need to decide on a company name that is not offensive. The name must comply with UAE laws and regulations.
Choosing at least three names is ideal to avoid delays if a company is already registered under your first selection.
Step 3: Submitting Documents for Trade License
Meydan Freezone provides a quick and easy application process. Submit the following required documents to obtain your Meydan Freezone license:
- Application forms with the authorized signatory’s signature.
- Passport Copies of shareholders
- Passport size photographs
Step 4: Obtain your trade license
After submitting the required documents, the free zone authority will review your application. Upon approval, you’ll receive your Meydan Freezone license, allowing you to begin operations.
Step 5: Applying for Investor Visa
The next step is to apply for your investor visa to obtain UAE residency for 2 years.
Step 6: Opening a Business Bank Account
The final step involves opening a corporate bank account for your business.
RFZ provides assistance in helping companies open corporate bank accounts with both local and international banks.
FAQs - Meydan Freezone Company Setup
Q1. Is Meydan a good free zone?
Yes, Meydan Freezone is an excellent choice for businesses seeking a strategic location, fast setup process, and favorable tax conditions. Its wide range of business licenses, flexible business activities, and top-notch infrastructure make it ideal for both startups and established companies.
Q2. How to set up a business in Meydan Freezone?
To set up a business in Meydan Freezone:
- First need to select your business activity
- Decide on the appropriate company structure.
- After submitting your application to the free zone authority, you’ll receive approval and your Meydan Freezone license.
- From there, you can open a business bank account and start your operations.
Q3. How much does a Meydan Freezone license cost?
The cost of a Meydan Freezone license varies depending on the type of license, the business activity, and the visa requirements. It is recommended to consult with RFZ Business Experts for accurate pricing.
SETUP COMPANY IN MEYDAN FREE ZONE WITH RFZ CSP
At RFZ Corporate Services Provider (CSP), we make it easy for businesses to set up in Meydan Freezone and other free zones in the UAE.
We offer quality services, including company registration, licensing, UAE residency and corporate bank account opening assistance.
Our skilled team will help you through the legal formalities of starting a business in a Free Zone in Dubai.
Reach out to us today! We’ll guide you step-by-step through the setup process, making it easy and stress-free.
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