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We are the epitome of consultancy services and our team consists of a clan of professionals who are both experienced in Meydan Free Zone Business setup and intelligent and possess extraordinary emotional intelligence.
Meydan Freezone Company Setup
Flocks of people are going all in on Meydan Free Zone Company Setup, that’s no surprise when you see the benefits that are on offer. This means that no matter where you bring your business from, which part of the world you’re from, no matter what your beliefs are, Meydan Free Zone will always welcome you with its futuristic embrace. Meydan Free Zone is located in one of the premium locations in Dubai, UAE and is strategically placed to provide entrepreneurs or businessmen to have a seamless experience in creating, leading and growing. Golden Fortune will help you place your business in Meydan, all you have to do is just sit back and watch your business shape into something awesome.
Key Features of Meydan Free Zone
| Meydan Free Zone | Meydan Free Zone is the one of the most thriving commercial free zones in the UAE. |
| Type of Company | Limited Liability Company in free zone with minimum of one (1) shareholder, Branch/Representative office. |
| 100% Ownership | Meydan Free Zone guarantees 100% foreign ownership. |
| Taxes | MFZ companies are exempt from all corporate taxes in the United Arab Emirates. |
| Filing requirements | There are no filing, accounting or reporting requirements MFZ companies. |
| Manager/Person in charge | A person in charge is required to be appointed for each company. |
| Time zone | Strategic world time zone: GMT+4 |
| Paid up capital requirement | MFZ companies require no minimum paid up capital. |
STEPS INVOLVED
Your Meydan Free Zone business setup journey explained in three (3) simple steps
Documents required
No business can be started without going through a set of formalities and paperwork. Documents representing many of your personal and professional details are to be produced in front of the respective entities. Meydan Free Zone Company setup is no different and here is the list of documents required for its set up procedures:
• Passport copy
• Passport size photo(digital)
• Residence visa copy (only if applicable)
• Emirates ID copy (if applicable)
• Certificate of incorporation
• Certificate of incumbency or equivalent
• Memorandum of Association
• Board resolution
Meyden Free Zone Company
Meydan Freezone is a free trade zone located in Dubai, United Arab Emirates.The Meydan Freezone proposes a broad spectrum of services and facilities to support businesses, including office space, warehouse space, and other infrastructure. Companies operating in the Meydan Freezone benefit from access to Dubai’s growing economy, as well as the city’s central location between Europe, Africa, and Asia.The Meydan Stadium is a multi-purpose venue located in Dubai, United Arab Emirateswhich serves as the foundation for the Meydan Free Zone, is a strategic initiative of the Dubai government aimed at linking the world with the Emirate through the hosting of international horse racing events.
Advantages of Establishing a business in Meydan Freezone:
- Flexible operations: Investors are given the flexibility to operate their business through a Flexi desk.
- Premium location: The Meydan Free Zone offers a premium location for your business setup.
- Capital and profit repatriation: Investors are guaranteed 100% repatriation of invested capital and profits.
- Full ownership: Both individuals and corporate entities are guaranteed 100% ownership of their businesses.
- Secure environment: The Meydan Free Zone provides an extremely secure business environment.
- Ideal location: It is a premier location for new businesses looking to establish themselves in Dubai.
- Streamlined licensing and registration: The licensing and registration process is seamless and efficient.
- Regulated environment: The Meydan Free Zone provides a secure, regulated environment for businesses.
- Efficient procedures: The licensing and registration procedures are very competent, making it easy for investors to set up and start operating their business.
Meydan Freezone License
A MeydanFreezone license is a permit that helps companies to operate within the MeydanFreezone. Companies those operating in MeydanFreezone can choose various license types, including:
Trading license: This license is mandatory for companies involved in distribution of goods, import and export etc.
Logistics license: This is required for companies involved in transportation, warehousing, and distribution of goods.
Service license: If a company provides services such as design, consultancy and support service, then the service license is important.
E-commerce license: The Companies those involved in online trading and related activities, an E-commerce license is mandatory.
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FAQ
Learn more about Meydan Free zone
What types of business licenses are available in Meydan Freezone?
There are several types of business licenses available in Dubai Meydan Free Zone, depending on the nature of the business activity. Some of the main license types include:
- Commercial License: This license is required for businesses engaged in trading, import/export, and other commercial activities.
- Service License: This license is for companies providing services, such as consulting, marketing, or IT services.
- Industrial License: This license is for companies involved in manufacturing or other industrial activities.
- Freelance License: This license is designed for individual professionals who provide services such as writing, designing, or consulting.
- Holding Company License: This license is for companies that hold assets, investments, or shares in other companies.
- Trading License: This license is for companies engaged in the buying and selling of goods.
What are the facilities available for businesses in Meydan Freezone?
Meydan Freezone offers a range of facilities for businesses including 100% foreign ownership, tax exemptions, no currency restrictions, easy company formation, access to state-of-the-art infrastructure, and proximity to key business hubs in Dubai. Additionally, businesses in Meydan Freezone have access to a range of support services such as legal, banking, and visa assistance.
Can I rent an office space in Meydan Freezone?
Yes, it is possible to rent an office space in Meydan Freezone. The free zone offers a range of office solutions to suit the needs of different types of businesses.
For instance, Meydan Freezone offers flexi-desk options, which are shared workspaces that can be used on a part-time or ad-hoc basis. This is ideal for freelancers, startups, or small businesses that do not require a full-time office.
Additionally, Meydan Freezone also provides serviced offices that are fully furnished and equipped with all necessary amenities, including internet, telephony, and administrative support. These offices are ideal for businesses that require a private office space but do not want to invest in setting up their own office infrastructure.
For larger businesses or those that require a more customized office space, Meydan Freezone offers customizable office solutions, which can be tailored to meet the specific needs of the business. This includes options to combine multiple office units or to create a dedicated workspace.
The cost of renting an office space in Meydan Freezone will depend on the type and size of the office space required, as well as the duration of the rental period.
What is the process for opening a bank account in Meydan Freezone?
To open a bank account in Meydan Freezone, you typically need to follow these steps:
- Choose a bank: Research and select a bank that operates in Meydan Freezone.
- Gather required documents: Collect the necessary documents, which typically include a valid passport, residency visa, and proof of address.
- Visit the bank: Visit the bank in person to initiate the account opening process.
- Fill out application forms: Fill out the account opening application forms and provide the required documents.
- Wait for approval: Wait for the bank to review your application and approve your account.
- Fund your account: Once your account is approved, you can fund it with an initial deposit.
Note that specific requirements may vary depending on the bank and your individual circumstances, so it’s always best to check with your chosen bank for their specific procedures and requirements.
Are there any restrictions on the types of businesses that can be set up in Meydan Freezone?
Meydan Freezone restricts business activities to specific sectors, such as sports, entertainment, technology, healthcare, and e-commerce. Companies operating within the free zone must comply with regulations set by relevant authorities in the UAE, and there may be restrictions on ownership, employment, and certain business activities.
Is there a minimum capital requirement for setting up a business in Dubai Meydan Free Zone.?
Yes, there is a minimum capital requirement for setting up a business in Dubai Meydan Freezone, which can vary based on the type of license and the nature of the business. The specific minimum capital requirements can range from AED 50,000 to AED 1,000,000. It’s important to check with the relevant authorities to confirm the specific requirements for your business.
Can businesses in Meydan Freezone import and export goods?
Yes, businesses in Meydan Freezone can import and export goods without paying customs duties or taxes. However, businesses must comply with the import and export regulations and laws of the UAE.