The UAE has several jurisdictions that you can choose from to establish your business. You can opt for a Mainland Company or a Free Zone Company since each one of them provides several benefits. If you prefer to have more freedom, you need to opt for a Meydan free zone company. When it comes to the business setup in Dubai Freezone, you can enjoy 100% ownership, tax benefits, and fewer restrictions. A specific free zone may be more suitable for you, depending on the nature of your business. For this reason, you have to evaluate each one of them to determine which one can meet your needs.
In this article, we are going to provide more insight into the Meydan Freezone, so you can learn everything about business setup in this jurisdiction. Moreover, you will understand how a service provider can be your perfect ally for company incorporation. Let’s observe:
- What is Meydan free zone
- How to setup business in Meydan free zone
- Advantages of Meydan Freezone
- Cost of the Meydan free zone business license
- Process of getting your Meydan Free Zone license
- Why is ConnectFZ your best option for business setup in Meydan Free Zone
1. What is Meydan free zone
As you may already know, the UAE has more than 40 free zones. In fact, when it comes to Dubai Freezone company setup, there are over 35 options to choose from, since Dubai has over 35 free zones.
They are economic zones that are very attractive for investors because they provide a range of benefits as we mentioned before.
This is why business setup in this free zone has become so popular. However, since there are many options, business owners may feel overwhelmed and may not know which option to choose.
Each free zone has its own features, as well as each one targets a range of sectors. Therefore, you need to look for the one that better suits your business. So, you need to do your research to check which free zone can help your business thrive.
In the case of the Meydan Free Zone, it was established in 2009, and it has been consistently growing in terms of welcoming more businesses up to the point of becoming the top choice for many investors and entrepreneurs.
It is located in Nad Al Sheba, which is very close to Dubai Logistics Corridor and near Mohammed Bin Rashid Al Maktoum City. It is also next to major financial and commercial hubs, and it grants privileged access to Dubai International Airport. Therefore, it offers many opportunities for business across all industries and sizes.
2. How to setup business in Meydan free zone
To start your business in the Meydan free zone you have to follow a few steps. Here is what you need to do:
2.1 Check your business activity
First of all, you need to check if your desired business activity is permitted in the Meydan Free Zone. According to its authority, in this free zone, there are more than 2,500 business activities to choose from.
These are divided into three main categories:
- Commercial: in this category, you can engage in retail services, import, export, general trading, and more. However, it is worth noting that in this free zone there are no warehouse spaces so take this into consideration so you can determine where you can store your materials and products.
- Media: businesses related to marketing, web design, advertising, and other similar can select activities among this category.
- Service & Consultancy: professional services such as human resources, accounting, financial consultancy, and more, fall under this category.
2.2 Determine the legal entity
In Meydan Free Zone you can incorporate three types of entities. These vary in terms of its business structure. So, you have to select one that suits the nature of your business.
Here are the types of entities you can incorporate:
- Single-member LLC: you can register a company and be the sole shareholder.
- Multi-member LLC: you can incorporate this company with more than one shareholder.
- Branch: if you own a local or international company, you can incorporate a branch in this free zone.
2.3 Application and registration
Once you have figured out which type of business you would like to incorporate, the next step is to register your company and apply for the license.
You will have to register a trade name and gather the required documentation. The best part about business setup in this free zone is that it is a pretty straightforward process. However, it is helpful to have assistance from a third party like ConnectFZ.
3. Advantages of Meydan Freezone
Doing the business setup in Dubai Freezone provides a lot of advantages to businesses. By incorporating your company into Meydan Free Zone you can enjoy the following benefits:
3.1 Strategic location
Your business will be strategically located since you get premium access to the Dubai International Airport, at just 15 minutes away. Also, you are 12 minutes away from Dubai’s downtown.
As you can see, its connectivity is its main feature, so you can travel to other locations to attend clients, hold meetings, and more.
3.2 Business-friendly environment
In Meydan, every entrepreneur is welcomed. Since there are more than 2,000 business activities to choose from, you can carry out your operations easily and run your business with ease.
Moreover, you can enjoy the opportunities to network with like-minded entrepreneurs, and get engaged with innovative startups. If you would like, you can also partner with other businesses to boost your operations.
3.3 Affordable office options
With your business license, you get access to rent low-cost Flexi Desks. These are perfect for all types of businesses because you can run your operations from there and are suitable for you. You can enjoy the coworking and boardrooms, and it is an easy option if you want to rent physical space without spending too much.
3.4 Exclusive access to e-commerce
The Meydan Free Zone is perfect for businesses that want to get engaged in e-commerce activities. You can get access to tailor-made solutions for digital businesses as well as unique support.
You can place your products on several e-commerce platforms to boost your sales, so you can establish your e-commerce store easily. By having exclusive access to Meydan Commerce you can make your business succeed.
3.5 General benefits
Meydan Free Zone offers a lot of benefits, such as the following:
- 100% ownership
- No personal tax
- Total repatriation of capital and profits
- World-class infrastructure
- Easy and fast business setup process
- Low-cost rental options for your business
- Tax-free policies
- No currency restrictions
- Modern communications infrastructure
- Get to choose more than 2,000 business activities
4. Cost of the Meydan free zone business license
To incorporate your business in the Meydan free zone you need to take into account the expenses in which you will incur. This way, you can select the best package that suits your budget.
The cost of the Meydan Freezone incorporation depends on several factors. The more features the package has, the more expensive will be. Here we have a detailed explanation of each one:
- AED 12,500: with this package, you can get an LLC-FZ Trade License, up to three business activities, and a lease agreement. It does not include visa allocation.
- AED 14,300: This package includes an LLC-FZ Trade License, up to three business activities, the lease agreement, and 1 visa allocation.
- AED 18,050: with this package, you get the LLC-FZ Trade License, up to three business activities, the lease agreement and 3 visa allocations.
- AED 23,600: This package includes the LLC-FZ Trade License, up to three business activities the lease agreement, and 6 visa allocations.
It is equally important to consider the additional fees you may have to pay to incorporate your company. Some of them are the following:
- Establishment Card (1-year validity) AED 2,000
- Medical examination AED 320
- Emirates ID AED 375
Also, if you want to do the status change of your visa, you will have to pay AED 1,500. And lastly, if you want to add additional business activities, you have to pay a fee of AED 1,000 per activity.
As you can see, there are many low-cost options that are suitable for startups and entrepreneurs. With ConnectFZ you can get access to competitive rates to start your business and stay within your budget.
5. Process of getting your Meydan Free Zone license
If you want to establish your business in Meydan Free Zone, you need to apply for the Freezone license first. To do this, you need to follow a process that consists of a few steps:
5.1 Choose your business activity
Meydan Free Zone has a wide range of permitted commercial, professional, and industrial activities. Therefore, you have to select the license that better suits the nature of your business.
It is important to know that all the business activities you choose fall under the same field. This is because you can only conduct activities that are listed on your license.
However, you get to expand it since you can add more activities, but you will have to pay a fee for each one.
5.2 Determine a company name
It is essential to choose a company name that follows the guidelines established by the Meydan Free Zone. You need to keep in mind that there is a set of naming conventions, so you have to determine a name that abides by it.
Thus, you cannot include blasphemous or offensive language, or use the name of a well-known organization. You also cannot use abbreviations, this means that if you want to use your name, you have to include it in full.
In this matter, you have to check if the name you want for your company is available. Here at ConnectFZ, we can help you check this, and we can provide additional services.
5.3 Apply for the license
Once you have completed the previous steps, it is time to apply for your Freezone license. You would be required to supply documentation and fill out the application form.
The documents you need to gather will vary depending on the type of legal entity you incorporate. But, generally, you will need the following:
- Passport copy
- Coloured photograph
- UAE Visa copy
- Copy of Emirates ID
5.4 Apply for the visa
You need to apply for a residence visa to stay and work in the UAE. Once you have carried out the registration and licensing, you have to go through several steps, such as undergoing a medical examination, getting a blood test, and others.
Once you get your visa, you can sponsor others. For example, you can sponsor your employees’ visas, and also sponsor your spouse and children so they can live in the UAE.
6. Why is ConnectFZ your best option for business setup in Meydan Free Zone
Here at ConnectFZ, we understand how crucial it is to start your business the right way. For this reason, we want to help you incorporate your company into the Meydan free zone. Our team of specialists can provide comprehensive assistance so you can establish your entity in no time.
And if you are interested in any other Dubai Freezone company setup, we will guide you through the process in the following free zones:
- Dubai Multi-Commodity Center (DMCC)
- Dubai Airport Free Zone (DAFZA)
- Jebel Ali Free Zone (JAFZA)
- Dubai South Free Zone (DWC)
- Dubai Silicon Oasis (DSO)
Moreover, we have solid expertise in doing business setup in any of the following Emirates:
Are you interested in incorporating your company in the Meydan free zone? Contact us now to get the best rates for establishing your business by calling us at +971 43 316 688 or sending us an email at contact@connectfz.com.
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