Meydan Free Zone was established in 2009, and as of now, it is considered as the best company setup in UAE. Apart from the company setup, the Meydan free zone offers lucrative advantages, including public parks, residential properties, entertainment, and much more. That’s why if you are considering getting a Meydan free zone license in Dubai, you are at the right place.
In today’s detailed guide, we will walk you through the step-by-step process of gaining a Meydan-free zone license in Dubai.
So, let’s dig in.
How to Get a Meydan Free Zone License in Dubai?
Step 1: Choose your business activity
The first step is to identify the ideal business activity for your Meydan free zone company setup. With over 2,500 approved activities, Meydan Free Zone facilitates a wide range of business owners. You can browse their online list or can also consult our business setup team to find the perfect fit.
Remember, a Meydan Dubai license allows you to include multiple activities under one license. With you, you will have the ultimate flexibility for future growth.
Step 2: Find a unique company name
Check with Meydan’s company authorities if the name you want is available. This process is simplified by a name-check service. However, it is important to choose a company name that accurately reflects your nature as a business, one that’s easy to remember and compliant with local regulations.
Step 3: Submit the necessary documents
Documents needed for Meydan UAE will depend on the type of business you have and your chosen activity. However, common documents include business plans, passport copies for shareholders, and proof of address. The Meydan Free Zone website provides a clear list of required documents.
If you are still confused, you can reach out to us. Our expert team is always there to help and guide you with the best.
Step 4: Get your license
Once you submit your application and all necessary documents, the Meydan Free Zone Authority will review it. This process typically takes a few weeks. There are associated fees for obtaining your license, which can vary depending on your chosen business activities and any additional services required.
Step 5: Open a corporate bank account in Dubai
Meydan Free Zone simplifies the process of opening a corporate bank account in Dubai. This streamlines your financial operations and makes managing your business finances easier. You’ll have the option to select from various banks operating within the MFZ—research different options to find a bank that aligns with your specific banking needs.
Step 6: Find your office space
MFZ offers a variety of office space solutions, from flexible Co-working space in Dubai to dedicated office units. Choose the option that best suits your team size and business needs. An office within the Meydan Free Zone provides a prestigious business address and access to world-class facilities and infrastructure.
Step 7: Process visas
If you plan to hire employees, you’ll need to sponsor their visas. It can be a daunting process. That’s why our professionals can assist you with the visa application process, ensuring your team can work legally in Dubai. There are various visa options available depending on your employees’ nationalities and employment contracts.
Step 8: Start your Meydan free zone company
Congratulations! Once you’ve completed these steps, you’re ready to launch your business within the Meydan Free Zone.
Benefits of Choosing Meydan Free Zone:
Following is the list of benefits that you can avail yourself of when setting up a business in MFZ Dubai.
- You can choose from over 2,500 approved activities for your ideal business fit.
- Just a 15-minute drive away from Dubai International Airport
- Get full ownership control and maintain 100% ownership of your company in the Meydan Free Zone.
- Enjoy benefits like no corporate or personal income tax.
- There, you have no currency restrictions and can pay your business expenses with any currency you have.
- Operate with 0% import and export duties.
- With MFZ, you can experience a faster and more streamlined company formation process than others.
- Get benefits from world-class facilities and infrastructure.
- Select a flexible workspace solution that accommodates your team size.
- MFZ also simplifies your employees’ visa application process.
- Their ongoing support is also available 24/7. You can access them anytime and anywhere.
- Most importantly, MFZ doesn’t require your physical presence to operate business in the UAE.
How Much Does Meydan Freezone License Cost?
Meydan Free Zone offers a base package starting around AED 12,500 (approximately USD 3,400). This typically includes an LLC trade license, permission for three business activities, and a lease agreement.
However, the cost can increase depending on your needs. Here are some factors that can influence the price:
- Number of Visas: If you require visas for employees, you’ll need to pay additional fees per visa. Packages with more included visas are also available.
- Chosen Business Activities: Certain specialized activities may have higher licensing fees.
- Additional Services: Meydan Free Zone offers additional services like business setup support or company registration, which may incur extra charges.
In conclusion, the process of getting a Meydan free zone license is straightforward and fast compared to other free zones in the UAE.
The license can cost you around AED 12,500. However, the final cost can vary depending on your chosen business activities, the number of visas required, and any additional services you select.
