Meydan Free Zone

Why Meydan Free Zone

​

Meydan Free Zone is an attractive location for businesses due to the following reasons:
 

1. Tax incentives: Companies operating in Meydan Free Zone are exempt from corporate and personal income tax.

2. 100% foreign ownership: Foreign companies can own 100% of their businesses in the free zone, without the need for a local sponsor.

3. Strategic location: Meydan Free Zone is located in Dubai, a hub for trade and commerce in the Middle East, making it easy to access markets in the region and beyond.

4. Efficient transportation: The zone is well-connected by road, air, and sea, making it easy for businesses to import and export goods.

5. Diverse business community: Meydan Free Zone is home to a range of businesses from various sectors, creating opportunities for collaboration and networking.
    

Overall, Meydan Free Zone provides businesses with a tax-friendly environment, excellent infrastructure, and a strategic location to help them grow and succeed.

 

Advantages of Meydan Free Zone

​

The advantages of setting up a business in Meydan Free Zone are:

​

• Tax exemptions: No corporate or personal income tax, making it a tax-friendly environment for businesses.

• 100% foreign ownership: Foreign companies can fully own their businesses without the need for a local sponsor.

• Strategic location: Located in Dubai, a hub for trade and commerce in the Middle East, providing easy access to markets in the region and beyond.

• Efficient transportation: good connectivity by road, air, and sea, enabling businesses to easily import and export goods.

• Diverse business community: A range of businesses from various sectors, creating opportunities for collaboration and networking.

• Streamlined procedures: Meydan Free Zone offers streamlined procedures for setting up and running a business, making it a convenient and efficient location to do business.

• State-of-the-art infrastructure: The zone offers modern, well-equipped facilities and infrastructure to support business growth and success.

​

Company Setup Procedures in Meydan Free Zone

​

The steps to set up a company in Meydan Free Zone are:

​

1. Choose a business activity: Decide on the type of business you want to start in the free zone.

2. Select a business name: Choose a unique business name that complies with the regulations of Meydan Free Zone.

3. Obtain pre-approval: Submit an application for pre-approval from Meydan Free Zone Authority to confirm the availability of your business name and that it complies with the regulations.

4. Apply for a license: Once pre-approval is granted, you can apply for a license to operate in the free zone.

5. Lease a workspace: Rent a physical workspace in the free zone for your business.

6. Register for utilities: Register for utilities such as electricity and water.

7. Open a bank account: Open a bank account for your business in a local bank in Dubai.

8. Submit documents: Submit all required documents to the Meydan Free Zone Authority to complete the process of setting up your business.

Note: The specific requirements and procedures may vary based on the type of business and the number of employees. It is advisable to seek professional assistance to ensure a smooth and efficient setup process.

 

DOCUMENTS REQUIRED FOR SETTING UP A COMPANY IN MEYDAN FREE ZONE

 

The following documents are required for setting up a company in Meydan Free Zone:

​

• Passport copies of the company’s owners/directors

• Residence visa copies of the company’s owners/directors

• Memorandum of Association (MOA)

• Articles of Association (AOA)

• Board resolution for the formation of the company

• Proof of business address

• Trade license application form

• Proof of payment of the trade license fee

• Initial approval form

• Tenancy contract or lease agreement

• NOC (No Objection Certificate) from the previous sponsor (if applicable)

• Power of Attorney (POA)

​​​

Note: The specific documents required may vary based on the type of business and the number of employees. It is advisable to seek professional assistance to ensure that all necessary documents are submitted accurately and in a timely manner.

 

Setting up a business in Dubai, particularly in Meydan Free Zone, offers numerous benefits for companies looking to expand in the Middle East region. Here are the key steps involved in setting up a business in Meydan Free Zone:
 

• Choose your business activity: Decide on the type of business you want to start and make sure it is allowed in Meydan Free Zone.

• Choose a business name: Pick a unique and appropriate name for your business.

• Obtain pre-approval: Submit an application for pre-approval from the Meydan Free Zone Authority to ensure the availability and compliance of your business name.

• Apply for a license: Once pre-approval is granted, apply for a license to operate in Meydan Free Zone.

• Lease a workspace: Rent a physical workspace in the free zone to house your business.

• Register for utilities: Register for necessary utilities such as electricity and water.

• Open a bank account: Open a bank account for your business in a local bank in Dubai.

• Submit necessary documents: Submit all required documents to the Meydan Free Zone Authority to complete the process of setting up your business.

 

Business setup consultant in Meydan free zone

 

A business setup consultant in Meydan Free Zone can assist in the process of setting up a company in the free zone. The services offered by a consultant may include:

• Assessing business requirements and needs

• Advising on the most suitable type of company formation

• Assisting with the selection of a suitable business name

• Preparing and submitting the necessary documents to the Meydan Free Zone Authority

• Arranging for the lease of a physical workspace

• Registering the company for utilities

• Opening a bank account for the business

• Providing guidance on immigration and residency requirements

• Providing ongoing support and advice for the duration of the company’s operation in Meydan Free Zone

Having a consultant to help with the setup process can save time, reduce the risk of errors, and ensure that the process is completed efficiently.

 

Freezone business setup service in meydan free zone