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One of Dubai’s greatest free zones is Meydan Free Zone. It is located in Dubai’s centre.
It all comes down to making business really simple and quick. It is now the only free zone that is fully digital and open around-the-clock.
In a few working days, you may obtain your Meydan free zone licence and start doing business in Dubai.
There are a lot of international corporations, as well as residential and commercial buildings.
Upmarket homes, open spaces, corporate hubs, entertainment venues, and more are all included.
We shall learn more about the Meydan Free Zone in this blog. We’ll talk about the advantages of forming a business and the associated expenses.
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Advantages of the Meydan Free Zone
Have you given thought to establishing your own company in Dubai? Why don’t we investigate the advantages of the Meydan Free Zone? Numerous advantages are available to international business owners in this free zone located in Dubai.
It is possible to launch a low-cost company in the United Arab Emirates.
Among the many well-known advantages of MFZ are:
- full foreign ownership.
- Return of capital and profits.
- Import and export taxes are zero.
- No limitations on currency.
- Services are always available to you.
- It’s simple and guaranteed to open a bank account.
- Over 2500 business activities you can choose from.
- You can operate your business from outside of the UAE.
- You don’t need a physical presence in the UAE to set up a Meydan Free Zone corporation.
- The distance from Dubai International Airport is fifteen minutes by car.
- The Ministry of Foreign Affairs recognises the Meydan free zone licence.
- Options for a flexi-desk are available and come with your licence.
Meydan Free Zone License Types
Meydan Free Zone provides a variety of licence options. You can select the licence type based on the demands and activities of your organisation.
The typical licence types that are provided are:
- Professional Licence
- Business Licence
- Licenses for Media, Consultancy, and Services
The following are a few of the business ventures that are permitted in the Meydan Free Zone:
Professionals: The business activities include producing and designing, photography services, medical engineering services, environmental consulting, engineering surveying services, marketing research & consultancies, appraisal activities (for jewellery, antiques, etc.), and others.
Healthcare: In the healthcare industry, commercial operations include those of hospitals, general clinics, dental offices, schools, assisted living facilities, and other establishments.
Services: The company offers computer maintenance and repair, laundry services, valet parking, pet relocation services, and other services.
How is a licence for the Meydan Free Zone obtained?
You must do these actions in order to obtain a licence for the Meydan Free Zone.
Step 1: Decide which business endeavours to pursue
Selecting your business activities for your firm establishment should be your initial step. There is a vast array of business activities from which to select.
Trade, professional services, the arts, healthcare, journalism, etc. are among the alternatives.
Step 2: Select a distinctive trade name
Upon selecting your company activity, you must select a distinctive trade name. The name must abide by the regulations established by the UAE government.
Make sure your company name is clear and free of inappropriate words.
Step #3: Send along the necessary paperwork
Send the Meydan Free Zone Authority all the necessary paperwork to receive the initial permission. Once the approval has been granted, sign the Memorandum of Association.
Step #4. Get a business license
The next step is to pay the required fees, submit the documentation, and acquire a business license in the Meydan Free Zone. The business license has to be renewed. The renewal relies on the business license validity. It might be good for one year, two years, or more.
Step #5. Open a Dubai bank account
You are able to apply for a bank account in Dubai or any other UAE city once you have obtained your company licence. In Dubai, there are a tonne of banks that provide simple account installations. In three to five business days, you can have your bank account.
Step #6: Select a workspace
Operating a company in any of the free zones does not require you to maintain an office. Additionally, you are free to decide whether or not to lease an office space at MFZ.
You can get affordable options to choose from as a startup. When it comes to renting an office space in Meydan, the possibilities are far more numerous. The options include:
- Options for flexible desks
Options for flex desks include a company address. You have access to common workspace facilities. The price of renting a flex desk is already included in your licence package.
- Offices
Shared and private workplaces are offered in the Meydan Free Zone. You can also have access to the office facilities.
- Coworking spaces
There are shared workstations here. You may get the chance to network with individuals from various companies. Additionally, you may expand your networks in Dubai to develop your company.
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Documents needed to establish a company in the Meydan Free Zone
Meydan is among the best places in Dubai to start up a company.You must present certain documentation in order to obtain a Meydan free zone licence, including:
- Application Form
- copy of each shareholder’s passport
- copy of each shareholder’s visa
- Bank statements for the last six months, if necessary; business plan
- Association Memorandum
What is the licence fee for the Meydan Free Zone?
A Meydan Free Zone licence will set you back about 12,500 AED. It is an excellent chance for you to launch your business in Dubai. Selecting the appropriate licence doesn’t have to break the cash if you have the correct business strategy.
The free zone is renowned for offering chances for company expansion. It permits various commercial operations from a selection of more than 2500 activities. Flexi desk choices are included with the licence, which is given promptly. It’s affordable to launch a business in the Meydan Free Zone!
Conclusion
To sum up, Meydan Free Zone provides a number of advantages for business owners looking to open an office in Dubai. Foreign company owners are drawn to the region by its advantageous location, cutting-edge infrastructure, and business-friendly legislation.
All things considered, Meydan Free Zone is an ideal site for companies. Would you like to obtain a licence for the Meydan Free Zone? TVG Management and Consulting is available to assist you. In Dubai, we provide company establishment services.
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