Meydan Free Zone is located in the heart of Dubai and is close to Dubai downtown, which makes it one of the popular choices for business setup in the UAE. It is strategically located around the prestigious Racecourse in the city to serve as one of the cost-effective business locations for start-ups and global entrepreneurs. With its excellent business networks, world-class infrastructures, and a vast suite of start-up support services, Meydan Free Zone provides several business opportunities while offering many benefits to foreign investors.
Meydan Free Zone provides a seamless and affordable business environment to do trading activities beyond borders. The free zone encourages low-cost startups and entrepreneurs to set up and flourish in a quick time. Meydan free zone in Dubai has a lot to offer and several attractive reasons to start a business with a strong economic outlook.
Benefits of Business Setup in Meydan Free Zone (MFZ)
· 100% foreign ownership
· 100% Capital repatriation
· 100% exclusion on corporate & personal tax
· Full repatriation benefits on profits & financial assets
· Easy bank account setup
· No currency restrictions
· No capital deposit requirement
· 1500+ business license activities
· Flexi desk Service
· Extremely secure business environment
· Easy and fast business set up
Types of Business Licenses Available for Company Formation in Meydan Free Zone
Meydan Free zone allows to operate more than 1500 business activities across borders grouped into three main business license categories:
· Commercial License: If you want to establish an import/export and trading business, a commercial license is an ideal choice to set up your business activities.
· Consulting License: For investors who want to start a consulting service company in the domain of management, human resources, business, and other professional services, consulting license is the perfect option to kick start things.
· Media License: If you like to set up a company for media operations and services such as advertisement, communication, and marketing services, get a media license from the Meydan Free Zone authority.
Types of Business Entities Allowed
When you look to register your business in MFZ, there are three business entity types are allowed for company formation.
· Sole Establishment (FZ)
· Limited Liability Company (LLC-FZ)
· Branch/Representative Office
How to set up a business in Meydan Free Zone?
The company formation process in MFZ is simple and straightforward. It includes filling out the application form, collection of mandatory documents depending on the type of business entity, registering your trade name, pre-approval, license issuance, and fee payment for successful business registration. You can submit your business application online or via email at your convenience. Meydan Free Zone Authorities take care of the business registration process and approval, which takes around 2-3 weeks.
Mandatory Documents Required for Business Setup in MFZ
For Individual Shareholder
· Duly signed application forms
· 3 Year Business Plan
· Passport and visa copies of all the shareholders and directors
· CV of shareholder (s) / director (s)
· Bank reference letter
For Corporate Shareholder
· Duly signed application forms
· Audited Financial Report
· Company brochure/profile
· 3 Year Business Plan
· Board Resolution calling for business registration in Meydan Free Zone
· Certificate of Incorporation
· Certificate of Good Standing
· Duly attested Memorandum & Articles of Association of the Parent Company
At Socialite Consulting Services, we provide all the assistance and support investors need to set up their business in Meydan Free Zone through a hassle-free process. We offer a complete range of business consulting services in Dubai for successful company formation in the region. Contact to know more about free zone company formation in Dubai and discuss your business goals. We will help you with specialized and personalized services as per your unique requirements and goals. Give us a call for a free consultation now!
