Meydan Free Zone is one of the cost-effective free zones in the United Arab Emirates (UAE), close to Dubai Downtown. Meydan Free Zone offers a compelling proposition for businesses seeking to establish or expand their operations within the UAE. Renowned for its streamlined company setup process, cost-effective solutions, and 100% foreign ownership allowance, the zone provides a platform for both budding entrepreneurs and established corporations to thrive. Operating under tax-free regulations and supported by cutting-edge infrastructure, Meydan Free Zone cultivates a vibrant business community and extends a range of value-added services, including visa assistance and marketing initiatives.
Unique Features of Meydan Free Zone
- Meydan Free Zone offers a prestigious address overlooking the iconic Meydan Hotel, Meydan Racecourse, and the Meydan Golf Course.
- Meydan Free Zone caters to a wide range of industries and business activities, offering a variety of flexible licensing options.
- Companies can choose from individual licenses, shared workspaces, and even virtual office packages to suit their specific needs.
- Meydan Free Zone is committed to sustainability, with eco-friendly buildings, green spaces, and energy-efficient practices.
Types of licenses available in Meydan Free Zone
- Trading License
- Service and Consultancy License
- Commercial License
Benefits of setting up a business in Meydan Free Zone
- 0% corporate tax on Qualifying Income
- 100% foreign ownership
- No currency restrictions
- World-class infrastructure and facilities
- Unlimited visa allocations
- Open your office in Dubai mainland with No Objection Certificate
- Access to private offices, individual desks, and specialised office suites
- No paid-up capital is needed
- Operate from a flexi-desk from the Meydan Hotel
- Easy bank account setup
- 2500+ business license activities
FAQs
The process of setting up a company in Meydan Free Zone mainly includes:
- Choose the activities, company name and structure
- Obtain initial approval from the authority
- Apply for trade license
- Apply for visa
- Obtain the commercial registration
- Open a corporate bank account
- Comply with tax regulations
For individual shareholders, the requirements include:
- Completed application form
- Passport copy of shareholders, managers and directors
- Emirate ID of all shareholders
- Last six-month bank statements
- VAT registration, if applicable
- CV of the shareholder(s)/director(s)/manager
For corporate shareholders, the additional requirements include:
- Company profile
- Audited financial report
- 3-year business plan
- Memorandum and Articles of Association
- Board Resolution
- Notarised or attested documents by the issuing authority where the parent company has been found
- Documents issued in other foreign languages should be legally translated to English or Arabic
The costs of setting up a company in Meydan Free Zone will vary depending on the type of license you require and the complexity of your business operations. Contact Gatestone Group for more information via [email protected] or call +971 4 450 1023.
No, you do not need a local partner to set up a company in Meydan Free Zone. Foreign investors are allowed to own 100% of their businesses in the free zone. For seamless company formation and expert guidance in Meydan Free Zone, reach out to Gatestone Group today via [email protected] or call +971 4 450 1023.
The process of setting up a company in Meydan Free Zone can take an average of 2-3 weeks. Empower your business success in Meydan Free Zone with Gatestone Group’s expertise and unwavering support via [email protected] or call +971 4 450 1023.
Meydan Free Zone has several regulations that businesses must comply with. This includes complying with requirements for Ultimate Beneficiary Owner (UBO), Go Anti Money Laundering (goAML), Economic Substance Regulation (ESR), Money Laundering and Terrorist Financing (ML&TF) etc.
Unleash the potential of your business in Meydan Free Zone with Gatestone Group’s comprehensive company formation and post-incorporation services via [email protected] or call +971 4 450 1023.
The penalties for non-compliance with Meydan Free Zone regulations can be severe, including fines and imprisonment. To ensure your company is compliant with Meydan Free Zone regulations, contact the legal advisors at Gatestone Group via [email protected] or call +971 4 450 1023.
There is no paid-up capital requirement to form a company in Meydan Free Zone. This means that you do not need to deposit any money into a company bank account before you can start operating. This is a major advantage of doing business in Meydan Free Zone, as it makes it easier for businesses to get started and save on initial costs. Contact Gatestone Group for more information via [email protected] or call +971 4 450 1023.
A Meydan Free Zone company can have a maximum of 100 shareholders.