Starting a business in the UAE Free Zone offers many advantages. Residents and Ex-pats are constantly setting up entities in free zone jurisdictions to reap the benefits and achieve optimal business growth. Out of the many domains, the Meydan Free Zone remains one of the most preferable and highly beneficial in the country.
The Meydan Freezone, established in 2009 located in Meydan Hotel Complex, is therefore considered as one of the ideal and cost-effective destination for starting a business. The free zone is built around the prestigious racecourse in Dubai. The free zone supports a lot of investors from all over the world.
The free zone has led to the development of a commercial area that has hotels, entertainment facilities, a residential community and a sports field. In addition, Meydan is more efficient to incentivize start-ups with a low-cost business setup. In addition to being a cost-effective business location, it is strategically located with easy access to the Emirates Logistics Corridor and surrounding seaports and airports.
Perks of starting your business in Meydan Free Zone, Dubai
There are many advantages to setting up a business anywhere in the UAE. However, starting a business in one of Dubai’s free zones brings some additional benefits. Meydan Free Zone, which goes one step further with an easy, fast and cheap company formation process.
As a result, foreigners who want to start a business in the UAE can easily do, so thanks to the Meydan Free zone company setup. Here are the following benefits of Company Formation in Meydan Free zone:
- Complete ownership
- No taxes, such as personal tax and corporation tax
- No import and export duties on goods and services
- Strategic location
- Modernized infrastructure
- Easy documentation process
- Investors can run their business through a Flexi desk
- Friendly legal frameworks and company laws
- Cost-effective free zone for fast business setup
- Easy licensing and registration process
- A safe and well-organized work environment
- Fast service Customer portal
- No currency restrictions
- Easy hiring of foreign employees and workers.
- It does not require any capital investment
- Choice of 1500 business activities
Cost-Effective Flexi Desk Options
There’s a lot of benefits of Meydan freezone company. The Meydan Free Zone license comes with sophisticated plug-and-play office space options called Flexi Desk. Flexi Desk is ideal for all kinds of businesses, including startups, SMEs and even corporate groups. Flexi Desk is the best choice for companies who want to do business in Dubai with lower start-up costs. The Meydan Free Zones business center offers access to fully equipped boardrooms and meeting rooms with the possibility to customize the space according to the business needs of entrepreneurs.
Access to a Vibrant Community
The Meydan Free Zone is located inside the Meydan Hotel and offers access to the famous Meydan Racecourse, which is famous for hosting world attractions such as the Dubai World Cup, The Track, Meydan Golf and other events. In addition, investors can enjoy the proximity of the following vibrant communities in the Meydan Free Zone:
- Mohammed Bin Rashid Al Maktoum City
- Meydan Avenue
- Meydan Heights
- Meydan One
Types of Licenses offered by the Meydan Freezone:
There are 2 types of licenses offers by Meydan Freezone, which are the following:
Meydan Freezone offers different types of activities that are grouped into commercial, consultancy or media licenses.
- Consulting license
This license allows you to carry out any consultancy activities such as business, management, HR or any other professional services.
- Commercial license
This license allows you to trade, import or export and distribute various types of goods.
- Media license
This enables people to engage in activities related to media, communication services and advertising.
The Meydan Free Zone is the ideal platform to set up your startup or freelance solutions. In addition to ideal solutions, competitive licensing options are available to you. This is a good choice for people who want to set up their business in the vicinity of Dubai downtown.
- Import and export of goods
- Marketing communication
- Professional service and Consultancy
Procedure of Company formation in Meydan freezone
The company’s setup procedure for the Meydan Free Zone is convenient, transparent and efficient. Below is a brief overview of the 6 easy steps involved in the process.
- Specify the type of business activity
- Fill out the application form and send the necessary documents
- Register a business name and reserve it at the Meydan Free Zone office
- Manage business registration and licensing requirements
- Ask the shareholders to sign the company’s incorporation documents in the presence of Meydan Free Zone Authority officials.
Documents required for Meydan free zone company formation
Here’s the complete details of documents required for setting up a company in Meydan free zone. Which includes:
- Duly signed application forms by the authorized signatory.
- Passport and visa copy of shareholders, directors, manager.
- CV of shareholders of directors, manager.
- 3 Year Business Plan.
- Original Bank reference letter or 6-month bank statement.
- Duly signed applications forms by the authorized signatory.
- Audited Financial Report
- Company brochure or profile
- 3-Year Business Plan
- Letter from the shareholding company for the appointment of a manager.
- Board Resolution calling for the establishment of a Meydan Free Zone company, attachment of Specimen Signature, Passport copy & Power of Attorney for Manager, Director & Secretary.
- Certificate of Registration or Certificate of Incorporation or Certificate of Good Standing of the parent Company, Memorandum & Articles of Association of the Parent Company. (Should be Attested)
- Digital Passport size photo
- Passport copy
- Residence visa Copy
- Emirates ID copy (if applicable)
- Certificate of Incorporation
- Certificate of Incumbency or equivalent (issued within the last 3 months)
- Memorandum of Association
- Board Resolution
How can Beyond View Help You?
If you are considering to setup a company in Meydan free zone UAE. Then the Beyond View, a business setup company would be the best choice for you for help. We have a track record in companies’ formation in the Meydan Free Zone, which provides a huge advantage to our clients. We will guide you through the paperwork and provide the right assistance during the application process. We will also help you find the right location for your commercial space or office. The Meydan Free Zone provides various flexible table options in addition to the above-mentioned benefits.
Here we support your business with a team of experienced company formation experts in Dubai who can help you get your company off the ground. We also have a team of legal experts who are experienced in complying with government regulations. In addition, we have a team of accountants and auditors to help you with the audit report and other legal services. We provide comprehensive services for the establishment of a company in the Meydan free zone. We perform all legal actions during and after company registration. Beyond View assure you of consistent and reliable support.