For many entrepreneurs who wish to make it in the UAE, the Meydan Free Zone business setup option has become a popular choice. Its strategic location, fused together with unmatched incentives, makes it one of the most streamlined options for setting up a business in the UAE. This simple guide will walk you through everything you need to know about Meydan Free Zone company formation.
Determine Your Business Activity
The first step in the Meydan Free Zone setup guide is to decide on the type of business you want to establish. Whether it’s trading, services, consultancy, or another activity, the free zone allows for multiple Meydan Free Zone activities under one license, providing flexibility for your business operations.
Choose Your Company Structure
You can choose between two main types of company structures:
Free Zone Limited Liability Company (FZ-LLC): This is suitable for businesses with one or more shareholders.
Branch of an Existing Company: This option is for businesses looking to expand their operations in Dubai.
Register Your Trade Name
You need to register a trade name that complies with Meydan Free Zone regulations. The name should be unique and not violate any guidelines. Once approved, you can reserve the name with the free zone authority.
Prepare Documentation
You will need to gather and submit several documents for Meydan Free Zone registration:
- Completed application form
- Passport copies of shareholders
- Visa copies (if applicable)
- No Objection Certificate (NOC) from the current sponsor (for UAE residents)
- Business plan (if required)
- Memorandum of Association (MOA) and Articles of Association (AOA)
Submit the Application
Submit all the required documents to the Meydan Free Zone Authority. They will review your application and documentation.
Initial Approval and Payment
Once your application is reviewed, you will receive initial approval. At this stage, you will need to pay the applicable fees for Meydan Free Zone licensing, registration, and other services.
Lease Agreement
Choose your office space option—whether a flexi-desk, shared office, or private office—and sign the lease agreement.
Obtain License and Registration
Upon approval and payment, you will receive your business license and the company registration certificate, completing your Meydan Free Zone company formation.
Visa Processing
If applicable, apply for employment visas for yourself and your employees. Complete medical tests and apply for an Emirates ID for visa holders.
Open a Bank Account
The final step is to open a corporate bank account with a local bank to manage your company’s finances.
Meydan Free Zone Benefits
Setting up in Meydan Free Zone comes with numerous benefits:
- 100% foreign ownership
- No personal or corporate income taxes
- Full repatriation of profits and capital
- Strategic location with excellent connectivity
- A variety of Meydan Free Zone services to support your business
Business Setup Cost Meydan Free Zone
The cost of setting up a business in Meydan Free Zone is competitive compared to other free zones. However, the exact cost can vary based on the type of business, office space, and other factors. It’s advisable to get a detailed cost breakdown to understand the total investment required.
Ready to take the next step? At SetHub, we specialize in helping entrepreneurs navigate the Meydan Free Zone setup guide. Schedule a call now to hear back from our business experts within one business hour. Let us simplify your journey to success in the Meydan Free Zone. For more detailed information and personalized assistance, contact SetHub today!
