Dubai’s Meydan Free Zone is a premium destination for entrepreneurs and businesses seeking a strategic and efficient entry into the UAE market. Known for its streamlined processes and cost-effective solutions, Meydan Free Zone has become a hub for startups, small and medium-sized enterprises (SMEs), and multinational companies. If you’re looking for a hassle-free approach to company formation in Meydan Free Zone, this guide will cover all the essential details.
Meydan Free Zone is strategically located near Downtown Dubai, offering businesses unparalleled connectivity and access to the city’s bustling economic landscape. Its proximity to major transportation hubs makes it a sought-after choice for businesses in logistics, trading, and services.
Key Benefits of Meydan Free Zone
Businesses choosing Meydan Free Zone gain access to:
- 100% Foreign Ownership: Full ownership without the need for a local sponsor.
- Zero Taxes: Exemptions from corporate and personal income taxes.
- Flexible Licensing Options: Wide range of licenses tailored to business needs.
- Streamlined Processes: Quick approvals and minimal bureaucracy.
- Modern Infrastructure: State-of-the-art facilities and co-working spaces.
- Cost-Effective Solutions: Competitive setup and renewal fees.
Business Activities Allowed
Meydan Free Zone caters to a variety of industries and business activities, including:
- Trading and Import/Export
- E-commerce and Retail
- Consultancy Services
- Media and Marketing
- Technology and Innovation
- Logistics and Supply Chain
Steps for Company Formation in Meydan Free Zone
Step 1: Choose Your Business Activity
Identify your primary business activity from the options available in Meydan Free Zone.
Step 2: Select Your License Type
Depending on your activity, choose from license types such as trading, e-commerce, or consultancy.
Step 3: Submit Your Application
Prepare and submit the application form along with essential documents, including passport copies and business plans (if required).
Step 4: Get Initial Approvals
The Meydan Free Zone authority reviews your application and provides the necessary approvals.
Step 5: Receive Your License
Once all formalities are complete, you’ll receive your trade license, allowing you to operate legally in the UAE.
Step 6: Set Up a Bank Account and Apply for Visas
Open a corporate bank account and process residency visas for yourself and your employees.
Costs and Requirements for Setting Up a Business
Estimated Costs
- Trade License Fee: Starting from AED 12,500 annually.
- Office Space Rental: AED 15,000 and above per year (if required).
- Visa Fees: Approximately AED 3,500 per visa.
Required Documents
- Passport copies of shareholders and directors.
- Proof of address or tenancy contract.
- Business plan (for certain activities).
- Initial approval certificate from Meydan Free Zone.
How Raes Associates Can Assist You
Setting up a business in Meydan Free Zone is an excellent choice for entrepreneurs, but navigating the process can be challenging. That’s where Raes Associates comes in. Our team of experts provides:
- Comprehensive guidance on company formation in Meydan Free Zone.
- Assistance with preparing and submitting documentation.
- Support in obtaining necessary approvals and licenses.
- Coordination with banks for corporate account setup.
- Visa processing and compliance management.
