Meydan Free Zone Business Setup
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About Meydan Free Zone Dubai
Centrally located in Dubai, Meydan Free Zone Dubai stands out as an economic powerhouse designed to foster startups and facilitate business establishment at competitive rates. Its proximity to downtown Dubai enhances accessibility, while its state-of-the-art telecommunications and high-speed internet connectivity are crucial for modern business operations.
Meydan Free Zone Dubai distinguishes itself as one of the most cost-effective business centers in Dubai, specifically designed to support low-cost startups and enterprises aiming to thrive in a dynamic economic environment. Rooted in the vision of the Meydan Group, which seeks to enhance Dubai’s global connectivity through prestigious international horse racing and equestrian events, this free zone offers a diverse array of commercial opportunities.
Understanding the Benefits of the Meydan Free Zone Dubai
If you’re considering setting up a business in Dubai, Meydan Free Zone presents a wealth of compelling incentives and diverse business opportunities. Here’s a detailed look at the benefits:
1. 100% Foreign Ownership: Meydan Free Zone grants foreign investors full ownership of their companies, including assets and profits, providing complete control and autonomy over business operations.
2. 100% Repatriation of Capital: Foreign investors can repatriate 100% of their capital, including profits, back to their home countries without any restrictions, ensuring flexibility in financial management.
3. Flexible Facilities: Meydan offers a wide range of office space solutions tailored to varying business needs. Whether you require dedicated physical offices or flexible Flexi-desk options, Meydan accommodates your preferences without constraints on shared usage.
4. No Currency Restrictions: Businesses in Meydan Free Zone enjoy the freedom to transact in any currency of their choice. Currency exchange can be conducted through local banks without tariffs or limitations, facilitating seamless international transactions.
5. No Deposit Requirement: Unlike many other UAE jurisdictions, Meydan Free Zone does not impose a minimum capital requirement for starting a business. This flexibility allows entrepreneurs to launch their ventures with reduced initial capital outlay.
6. Convenient and Skilled Labor Pool: Dubai boasts a diverse and skilled labor force, offering businesses access to a broad talent pool. Whether your business needs technical expertise or managerial prowess, Meydan’s strategic location ensures access to qualified professionals to drive business growth.
7. Tax Advantages: Businesses operating in Meydan Free Zone are exempt from personal, income, and corporate taxes. This tax-free environment enables companies to optimize financial resources, reinvest profits, and enhance competitiveness in the global market.
How It Works
Step by step process of business setup in Dubai
Step 1
Streamlined documentation for international entrepreneurs.
Step 2
Choosing the right license for your business needs.
Step 3
Obtaining Employment Entry Permits and Residence Visas for Employees.
Step 4
Setting up a corporate bank account in the UAE
3 Simple Steps
Setting Up your business in Meydan Free Zone explained in three (3) simple steps
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Our Exclusive Packages
Get in touch with one of our experts to know about the costs of business setup in Meydan Free Zone
Other Options
Other Options you maybe interested to set up your business in Dubai and UAE
Dubai Mainland
- Access to Local Market
- 100% Foreign Ownership
- Flexibility in Office Location
SPC Free Zone
- Full Repatriation of Profits and Capital
- No Currency Restrictions
- 100% Foreign Ownership
Rakez
- Free zone based in Ras Al Khaimah
- Up to 5 shareholders
- E-commerce, professional, media, and other types of licenses
Timeline
Step by step process of business setup in Dubai
You will sign and submit your application for Meydan Free Zone business setup.
We reserve your Meydan Free Zone company name.
Along with all signed documents, we will submit the filled application for Meydan Free Zone business setup.
Your Meydan Free Zone company license gets issued. We will send you a scanned copy to start your business activity. You can now start your business at the cheapest Dubai free zone.
Meydan Free Zone License and Companies
Meydan Free Zone offers a wide variety of activities, including specific/general trading, investment, consultancy, service-related, and professional activities, all under the single umbrella of a “Business License.” It’s no wonder Meydan Free Zone is the cheapest Dubai free zone.
Meydan Free Zone allows a combination of up to three activity groups in a single license at no additional cost, offering the lowest Dubai company registration cost.
This free zone makes it convenient for entrepreneurs by ensuring the issuance of business licenses in just three to five working days, providing one of the fastest company registrations in a Dubai free zone.
The packages offered by Meydan Free Zone are the most cost-effective and economical for company registration in a Dubai free zone. These packages offer the best Dubai company registration costs and aim to create an enabling environment for entrepreneurs. Meydan Free Zone offers access to a unique and vibrant business community that inspires growth through innovation and collaboration, with regular networking events. Entrepreneurs can obtain a business license by paying the most affordable cost for company registration in a Dubai free zone and register their companies from anywhere in the world.
Meydan Free Zone permits the incorporation of different types of companies, including:
Limited Liability Company (FZ LLC)
- Single or multiple shareholders.
- Shareholders can be natural persons (individuals) or legal persons (companies).
- Can be a trade and/or service-related activity.
- Liability is limited and extends only to the amount invested in the company.
Branch/Representative Office
- Any company set up outside of Meydan Free Zone can form a “Branch/Representative Office” as long as it is a legal entity of its parent company.
- Business activity must be a service-related activity (e.g., marketing, consulting).
- International branches cannot conduct trading activity unless set up as a limited liability company.
Activity Groups Offered by Meydan Free Zone
If you are considering a business setup in Meydan Free Zone, it is an excellent choice, offering over 1500 activities under various activity groups. Please note that the following list is non-exhaustive.
Advertising: This activity group includes advertising, specialized design activities, photographic activities, and creative arts & entertainment activities.
Education & Training: These activity groups encompass education from pre-primary to secondary and higher education, educational support activities, sports coaching activities, and recreational sports educational activities.
Financial: This prominent activity group includes financial service activities (except insurance & pension funding activities), tax consultancy, accounting, bookkeeping, auditing activities, and monetary intermediation.
Holding: This highly sought-after activity group comprises the activities of holding companies. Tax benefits and ease of administration make this activity group attractive to many investors.
Human Resources: This activity group includes HR-related activities, encompassing employment placement agencies, temporary employment agency activities, and other human resources provisional activities.
Infrastructure: The activities in this group include the construction of buildings, roads & railways, utility projects, other civil engineering projects, demolition, installation of industrial machinery and equipment, and other specialized construction activities.
Legal: This activity group is suitable for legal consultancy firms as it includes a license for legal activities.
Logistics: This group includes inland water transport, other land transport, warehousing, storage, support activities for transportation, and postal and courier activities.
Management: This wide activity group consists of management consultancy activities, leasing of intellectual property & similar products (except copyrighted works), other reservation service & related activities, office administrative and support activities, activities of call centers, and business support service activities.
Real Estate: This activity group includes real estate activities with own or leased property and activities pertaining to real estate on a fee or contract basis.
The Steps to Set Up Business in Meydan Free Zone and Obtain a UAE Residence Visa
Step 1: Initial Application If you have opted for a license with visa entitlement, we will apply for an immigration card once the business license is issued by Meydan Free Zone. The immigration card will be issued within two to three working days after the application is made.
Step 2: Visa Application We prepare the visa application and submit it to Meydan Free Zone with the required documents, such as the immigration card number and a copy of the passport. The UAE e-visa will be issued within three to five working days after the application is submitted.
Step 3: Arrival and Medical Test Once the e-visa is issued, the visa holder must travel to the UAE to take the medical test and apply for the Emirates ID. The documents required for the medical test and Emirates ID are:
- Original passport of the visa holder
- Copy of the e-visa issued by Meydan Free Zone
- Three passport-sized photos of shareholder(s) with a white background (shoulders and head showing, colored, white background, dark clothing, no jewelry, no eyewear, no teeth showing)
- Business license of the company
- Immigration card
Step 4: Emirates ID Biometrics Once the medical results are issued, the visa holder can proceed with the Emirates ID biometrics.
Step 5: Visa Stamping and Emirates ID Issuance The following documents must be submitted for the visa stamping and Emirates ID process:
- Original passport of the visa holder
- Nine passport-sized photos of shareholder(s) with a white background (shoulders and head showing, colored, white background, dark clothing, no jewelry, no eyewear, no teeth showing)
- Copy of the e-visa issued by Meydan Free Zone
- Copy of change status confirmation (if applicable)
- Copy of stamped medical test result
- Copy of stamped Emirates ID application
- Copy of the business license of the company
- Copy of the immigration card
Once the original documents are submitted to Meydan Free Zone, the visa will be stamped within one to two working days. Consequently, the Emirates ID will be issued ten days after the visa is stamped.
Alfa Zone offers the best Dubai free zone company formation costs with Meydan Free Zone and facilitates the issuance of residence visas for shareholders and employees.
Documents Required to Set Up Business in Meydan Free Zone
When setting up a business in Meydan Free Zone, the required documents vary depending on whether the shareholder is an individual or a corporation.
Individual Shareholder(s):
- Passport copy
- Passport-sized photo (digital)
- Residence visa copy (if applicable)
- Emirates ID copy (if applicable)
Corporate Shareholder(s):
- Notarized Certificate of Incorporation
- Notarized Certificate of Incumbency or equivalent (issued within the last 3 months)
- Notarized Memorandum of Association
- Notarized Board Resolution
Frequently Asked Questions
Here are the most frequently asked questions regarding Meydan Free Zone company formation.
Individual shareholders need to provide a passport copy, passport-sized photo (digital), residence visa copy (if applicable), and Emirates ID copy (if applicable).
Corporate shareholders must provide notarized copies of the Certificate of Incorporation, Certificate of Incumbency (issued within the last three months), Memorandum of Association, and Board Resolution.
Yes, foreign companies can establish branches or representative offices in Meydan Free Zone. The branch must be a legal entity of its parent company and engage in service-related activities.
Meydan Free Zone permits the incorporation of Limited Liability Companies (FZ LLC) with single or multiple shareholders, and branches/representative offices of companies established outside the free zone.
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Why Business Setup in UAE?
Maximize your earnings with the UAE’s 0% income tax policy.
- Repatriate 100% of your capital and profits to your home country.
- Capitalize on the growing market demand spurred by Expo 2020.
- Enjoy customs duty exemptions on imports and exports.
- Leasing office space might not be necessary, depending on the zone.
- Experience minimal paperwork and auditing requirements.
- Access new markets across the Middle East, Africa, Europe, and Asia.
- Full company ownership & easiest online processes.