Meydan Freezone

About Meydan Freezone

Nestled in the epicenter of Dubai, Meydan Freezone MFZ is dedicated to growing the UAE’s economy. Its strategic location makes it attractive to both local and international investors.

Established in 2009 under ruler’s decree no.5, MFZ is close to various commercial hubs and the Dubai International Airport.

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

There are plenty of benefits to setting up a business in the Meydan Free Zone, including:

100% OWNERSHIP AND Full CONTROL OF BUSINESS

A foreign investor can have 100% foreign ownership by setting up a business in the Meydan Freezone. They can make all the business decisions as they have full control.

TAX Benefits

There are tax benefits in the Meydan Freezone, such as 0% personal income tax. 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.

MULTIPLE BUSINESSES ACTIVITIES

There are over 1500 business activities in Meydan Freezone, offering investors many opportunities to expand their business. Therefore, it is the ideal place for their business setup.

QUICK AND SIMPLE Business SETUP

This free zone has a straightforward regulatory framework. Business owners must follow the rules and regulations set by the relevant authority. Ultimately, setting up your company is quick and simple.

PLANNED LOCATION

It is in an ideal location, near multiple important commercial hubs. Moreover, it has access to the Dubai International Airport. Businesses can expand by moving their products easily.

HIGH-QUALITY INFRASTRUCTURE

It offers businesses world-class infrastructure, including innovative technology and modern office spaces.

TYPES OF LICENSES IN MEYDAN FREEZONE

There are many types of business licenses to choose from in this free zone. Your business’s nature determines the right license type. You can select from the following:

Media License

Businesses that engage in marketing, web designing, advertising, and printing require a media license to operate in Meydan Freezone. A media license covers various marketing activities.

Consultancy License

Professional services, including business and management consulting, human resources, technical services, accounting, and real estate consulting, require a consultancy license.

Any other service that relies on abilities or skills also requires a consultancy license to conduct business.

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.

MEYDAN FREEZONE COMPANY FORMATION

Here are the steps for a Meydan Free Zone company setup:

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 to make the most of the benefits your trade license type provides.

Furthermore, you can select three business activities under your Meydan Freezone license.

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.

Submitting Documents for Trade License

Next, you need to apply for your Meydan Free Zone license. The process depends on the business activities you choose and your license type.

Luckily, 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

Applying for Investor Visa

The next step is to apply for your investor visa to obtain UAE residency for 2 years.

Opening a Business Bank Account

The final step involves opening a corporate bank account for your business. Find out the bank requirements when opening your account.

However, the major regulations are the same for most banks in the UAE. You need to meet their eligibility criteria.

SETUP COMPANY IN MEYDAN FREE ZONE WITH RFZ CSP

Establish your business in Meydan Freezone. RFZ Corporate Services Provider simplifies the business setup process in Dubai Free Zones.

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. Partner with RFZ  to set up a seamless business in Meydan Freezone.

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