Why You Need to Choose Meydan Free Zone for Your Business Setup in Dubai
The Meydan free zone was founded in 2009, witnessed significant growth, and emerged as a popular destination among investors. Therefore, let us check the factors that drive many to choose Meydan free zone for their business setup in Dubai.
UAE has more than 40 free zones, and each zone has exclusive offers for businesses and entrepreneurs. It is one of the best examples of a free zone with numerous benefits.
The Meydan free zone is at the prestigious Meydan Hotel, which provides a fantastic view of the Meydan Golf course and horse racing track. This location offers a prestigious business address to receive your guests and associates.
Benefits of Choosing Meydan Free Zone for Your Business
- Prime location is one factor that attracts entrepreneurs to Meydan Free Zone; it is situated fifteen minutes away from Dubai international airport and even Dubia’s exciting center. This free zone makes accessibility to these locations easy and provides more efficiency for businesses to engage in import, export, and warehousing solutions.
- The place is developed for ease of ex-pat ownership, and emerging entrepreneurs can benefit from this Meydan free zone as it is designed as a business-oriented environment. The main advantages for entrepreneurs are:
- Recognition by the Ministry Of Foreign Affairs(MOFA) with bank account opening
- Hundred percent foreign ownership
- There are tax exemption policies applied to both corporate and income tax in Meydan free zones.
- Cost-effective options for setting up a startup
- Business activities around 3500 to opt from
- Advanced infrastructure that facilitates business needs such as flexi desk, dedicated offices, and meeting rooms.
- Unregulated currency policy.
- Meydan free zone provides a vibrant atmosphere for new businesses which will be operating under a limited liability company license authorized by the free zone (LLC).
- A Dynamic, distinct population is present in this location. Launching a company here allows you to enter a community that encourages imaginative functions and collective effort. In addition, there is a wide range of medical institutions, educational facilities, and residential options. Numerous startups, SMEs, and MNCs from different industries can also be seen.
- The e-commerce service provided by Meydan Free Zone is unique; this has exclusive options for the companies functioning within the jurisdiction. Make the most of this place’s benefits and enhance your business beyond geographical borders.
- A variety of business setup packages is available in this free zone to suit your business needs. However, you can allocate up to six visas by paying an additional fee.
Types of Licenses Offered
A wide range of activities offered by the Meydan free zone is classified as commercial, consulting, and media licensing options.
- Consulting license from Meydan free zone allows for specialized services, including management, business, and human resource consulting.
- Commercial license permits for import, export, trade, and supply of various products. There are no warehouse facilities offered.`
- Media license from Meydan free zone comprises all media, advertising, and communication services, and this can give you permission to an extensive range of media and communication work containing publishing, broadcasting, advertising, and public relations.
DET Permit for Meydan Free Zone
It is possible to conduct business with other companies in the Meydan free zones, other UAE Free zones, and even around the globe legally by acquiring the DET permit.
The Dubai Economic and Tourism Department issues this permit, which could help protect against violations that could cause financial penalties of up to AED 100,000.
Getting the DET permit could even pave the way to a larger market of suppliers and customers. If there is any plan to lease space outside the Meydan free zone, applying for a letter of no objection or NOC is possible.
Conclusion
Meydan Free Zone is surrounded by Dubai’s Racecourse, a perfect location for launching a business.
Golden Fortune can help you with the business setup process in this free zone, and our team can guide you through the entire process from the start to its launch. Contact us for more information.
