Meydan Free Zone

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The United Arab Emirates (UAE) has become extremely well known among entrepreneurs worldwide due to its excellent start-up ecosystem, according to a Global Entrepreneurship Monitor (GEM) report. It highlighted that Dubai has been a powerhouse in fostering innovation and contributes to creating wealth in the UAE.

Company formation in the Meydan freezone is perfect as it allows you opportunities to network and collaborate with international investors. Dubai’s  Meydan Freezone (MFZ) has one of the best collaborative environments to help you with Meydan freezone company formation. It lets you launch your business and gain a competitive edge in building your brand image.

The Meydan Freezone, established under the Rulers Decree no. 5.  is one of the biggest digitised Freezone in Dubai. It offers the most extravagant services for a business setup in the Meydan freezone.

Benefits of Meydan Freezone Company Formation

  1. Strategic Location

Located close to the Dubai Logistics Corridor, allowing you access to various commercial developments that make logistical activities efficient.

  1. Infrastructure

Dubai’s  Meydan freezone has a luxurious environment, with a state-of-the-art meeting room, flexi-desk access from the 5-star Meydan Hotel, and personalised office space.  It offers you the most comfortable surroundings in which to stay connected to your clients and partners.

  1. Digitized Business Setup

Meydan freezone company setup is easy, as the authorities provide you with a digital platform. It simplifies all your business setup processes, from company records to submission of business documents.

  1. Business Friendly Environment

You can set up your business as a Limited Liability Company (LLC-FZ). It simplifies the entire business setup process and makes it affordable. The business environment allows you to repatriate profits and have full ownership of the business. Flexibility is provided to you by eliminating currency exchange controls, exempting personal income tax, and facilitating easy bank account opening.

Types of Companies that can Operate in Meydan Free Zone

The Meydan freezone license offers more than 1500 business activities. The licenses are MOFA-approved to meet your business needs. MFZ allows you to combine up to three activities from different industries in your trade license.

Some of these profitable, low-cost business ideas include e-commerce, management consultancy, accounting, and auditing.

These typically fall under one of these three license types:

  1. Commercial License

You can avail of a commercial license if your business is involved in general trading, retail, or import and export activities.

  1. Media License

This license helps you engage in printing, advertising, and social media marketing activities.

  1. Service and Consultancy License

You must get a service and consultancy license 

 to use your intellectual capabilities and offer professional services like accounting, business and management consulting.

Company Formation in the Meydan Free Zone

Let us go through the step-by-step process to understand how to set up your business  in the Meydan Freezone:

  1. Choose a Business Activity and Trade Name

Decide on a business activity from a wide range of commercial activities. Select the legal structure of your enterprise and pick a trade name that aligns with your business objective.

  1. Submit Application and Documents

Apply along with the necessary documents to the Meydan Freezone authorities. Some standard documents include copies of the owner's/shareholders’ passports and the 3-year business plan.

  1. Documentation

Draft the Memorandum of Association (MoA) along with the Articles of Association (AoA) and get it signed by the legal authorities in the Meydan Freezone.

  1. Initial Approval

Apply and submit all the documents requested by the MFZ authorities for initial approval. They will investigate to ensure your eligibility for business setup in the Meydan free zone.

  1. Visa Application

You must fulfil all visa requirements, as visas are necessary to work anywhere in the UAE. The application process could include medical exams or fitness tests.

  1. Corporate Bank Account

Opening a corporate bank account is necessary to ensure seamless financial transactions. The requirements needed can vary depending on whether or not you are a GCC resident. The Meydan authorities offer complete support, making it easy for you to open your company's bank account.

  1. Pay Fees and Collect License

Once the Meydan authorities approve your application, you will need to pay the fees. These payments include the license fee, registration fee and office lease fee.

After completing the process, the Meydan Freezone Authority will issue the company license. Following that, you can start your business operations in the free zone.

Who are we?

If you are ready for Meydan freezone company formation, look no further than Commitbiz. Our expert team can assist you with the company formation process in Dubai mainland and the free zones.

Don't wait to take advantage of this opportunity. Contact us today, and we'll help you take the first step towards success.

pe": "Question", "name": "2. Which business activities are allowed in MFZ?\n", "acceptedAnswer": { "@type": "Answer", "text": "The following activities are allowed:\nTrading\nImport and export of goods\nConsultancy and professional services\nAdvertising\nMarketing & communications.\n" } }, { "@type": "Question", "name": "3. Which are the permitted business entities in MFZ Dubai?\n", "acceptedAnswer": { "@type": "Answer", "text": "The following types of business entities are allowed:\nSole Establishment (FZ)\nBranchLimited Liability Company (LLC-FZ)\n/Representative Office.\n" } }, { "@type": "Question", "name": "4. Do we get Flexi-desk options in the Meydan FZ Dubai?\n", "acceptedAnswer": { "@type": "Answer", "text": "Yes, various Flexi-desk options are provided.\n" } }, { "@type": "Question", "name": "5. Does the ‘Good Standing Certificate’ required for companies to set up in Meydan FZ?\n", "acceptedAnswer": { "@type": "Answer", "text": "Yes.\n" } } ] }
FAQs

What documents will I receive after my company's incorporation?

A few documents you will receive after registering your company in Meydan are the certificate of formation, business license, lease agreement, and Memorandum of Association (MoA).

What are the benefits of a Meydan Freezone license compared to other free zones in the UAE?

One of the most significant advantages is that the business registration process in the Meydan free zone is fully digitised.

Can I apply for a visa after the incorporation of my company?

Yes, you can apply for a visa after the company is incorporated, provided you have the immigration card and visa allocation.