Meydan Free Zone

Meydan Free Zone Company Setup

The Meydan Free Zone (MFZ) is one of Dubai’s most prestigious business hubs, offering a world-class environment for entrepreneurs and investors to establish their businesses. Located in the heart of Dubai, Meydan Free Zone is renowned for its state-of-the-art infrastructure, strategic location, and business-friendly policies. Whether you’re a startup, SME, or multinational corporation, setting up a company in the Meydan Free Zone provides unparalleled opportunities for growth and success.

In this guide, we’ll explore everything you need to know about Meydan Free Zone company setup, including its benefits, types of licenses, required documents, the setup process, costs, and why it’s an ideal choice for your business.

What is Meydan Free Zone?

Meydan Free Zone is a dynamic business free zone located in Dubai, UAE. It is part of the Meydan City Corporation, which is known for its iconic developments like the Meydan Racecourse and other luxury projects. The free zone is designed to cater to a wide range of industries, including trading, consulting, e-commerce, technology, and more.

Meydan Free Zone offers a streamlined business setup process, 100% foreign ownership, tax exemptions, and access to Dubai’s thriving market. Its strategic location near key transportation hubs, such as Dubai International Airport and Al Maktoum International Airport, makes it an attractive destination for global businesses.

Benefits of Setting Up a Company in Meydan Free Zone

Explore the advantages of operating from a Meydan Free Zone with our comprehensive guide. 

1. 100% Foreign Ownership

Businesses in Meydan Free Zone allow 100% foreign ownership, giving investors full control over operations and profits without the need for a local sponsor.

2. Tax Exemptions

Companies in Meydan Free Zone benefit from 100% tax exemptions on corporate and personal income taxes, ensuring a cost-effective and profitable business environment.

3. Strategic Location

Located in Dubai, Meydan Free Zone provides easy access to global markets, world-class infrastructure, and a business-friendly ecosystem for seamless operations.

4. Quick and Easy Setup Process

The company setup process in Meydan Free Zone is streamlined, with most businesses established within a few days, ensuring a hassle-free experience.

5. Customizable Office Spaces

Meydan Free Zone offers flexible office solutions, including virtual offices, flexi-desks, and serviced offices, catering to businesses of all sizes and budgets.

6. No Currency Restrictions

Businesses in Meydan Free Zone can transact in any currency without restrictions, facilitating smooth international trade and financial transactions.

7. Access to Skilled Workforce

Dubai’s diverse and skilled talent pool is readily accessible to businesses in Meydan Free Zone, ensuring access to top-tier professionals.

8. Networking Opportunities

Being part of Meydan Free Zone’s thriving business community provides ample networking and collaboration opportunities, fostering growth and innovation.

Types of Licenses in Meydan Free Zone

Meydan Free Zone offers a variety of licenses to suit different business activities. The most common types include:

1. Trading License

A Trading License in Meydan Free Zone is ideal for businesses involved in importing, exporting, and distributing goods, enabling seamless trade operations both locally and internationally.

2. Service License

The Service License caters to companies offering professional services such as consulting, IT, marketing, and more, ensuring compliance with UAE regulations for service-based businesses.

3. E-Commerce License

Designed for online businesses, the E-Commerce License allows companies to operate digital platforms and online stores, facilitating growth in the rapidly expanding e-commerce sector.

4. Industrial License

The Industrial License is tailored for companies engaged in manufacturing or industrial activities, providing a legal framework for production and industrial operations within the free zone.

5. General Trading License

The General Trading License permits businesses to trade a wide range of products without restrictions, offering flexibility for diverse trading activities in Meydan Free Zone.

Each license type is tailored to specific business activities, ensuring compliance with UAE regulations.

Documents Required for Meydan Free Zone Company Setup

To set up a company in Meydan Free Zone, you’ll need the following documents:

  • Passport Copies: Passport copies of all shareholders and directors.
  • Visa Copies: UAE residency visa copies (if applicable).
  • Proof of Address: Utility bills or bank statements as proof of address for shareholders.
  • Business Plan: A detailed business plan outlining your company’s activities and objectives.
  • No Objection Certificate (NOC): If the shareholder is employed in the UAE, an NOC from their employer is required.
  • Memorandum of Association (MOA): A legal document outlining the company’s structure and ownership.
  • Application Form: Completed application form for company registration.
  • Additional Documents: Depending on the business activity, additional documents such as product lists or service descriptions may be required.

Meydan Free Zone Company Setup Process

The process of setting up a company in Meydan Free Zone is straightforward and can be completed in a few simple steps:

1. Choose Your Business Activity

Determine the type of business activity you wish to conduct and select the appropriate license, such as trading, service, e-commerce, or industrial, to align with your business goals.

2. Reserve a Trade Name

Choose a unique and compliant trade name for your company and submit it for approval to the Meydan Free Zone Authority to ensure it meets regulatory standards.

3. Submit Required Documents

Prepare and submit all necessary documents, including passport copies, proof of address, and a business plan, to complete the registration process efficiently.

4. Select Office Space

Choose from flexible office solutions, such as virtual offices, flexi-desks, or physical office spaces, to suit your business needs and budget.

5. Obtain Initial Approval

After document review, receive initial approval from the Meydan Free Zone Authority, confirming your eligibility to proceed with the company setup.

6. Pay Fees

Pay the required registration, licensing, and visa fees to finalize the setup process and ensure compliance with free zone regulations.

7. Receive Your License

Once all formalities are completed, obtain your business license, allowing you to legally start operations in Meydan Free Zone.

Cost of Setting Up a Company in Meydan Free Zone

The cost of setting up a company in Meydan Free Zone can range from AED 15,000 to AED 50,000 depending on the license type, office space, and additional services required. Here’s a breakdown of the typical costs:

  • License Fees: Starting from AED 15,000 per year, depending on the license type.
  • Office Space: Virtual office packages start from AED 7,500 per year, while physical office spaces cost more.
  • Registration Fees: One-time registration fees range from AED 5,000 to AED 10,000.
  • Visa Fees: Visa costs depend on the number of visas required for employees and shareholders.
  • Additional Costs: These may include legal fees, translation services, and other administrative expenses.

Start Your Business in Meydan Free Zone

Setting up a company in Meydan Free Zone is a strategic decision for entrepreneurs and investors looking to tap into Dubai’s dynamic business environment. With its 100% foreign ownership, tax exemptions, strategic location, and world-class infrastructure, Meydan Free Zone offers unparalleled opportunities for growth and success.

Whether you’re a startup, SME, or multinational corporation, the streamlined setup process, flexible office solutions, and business-friendly policies make Meydan Free Zone an ideal choice for your business.

If you’re ready to take the next step, BizInvestFirm is here to help. As a leading business consultancy, we specialize in Meydan Free Zone company setup and provide end-to-end support to ensure a seamless and hassle-free experience. Contact us today to start your journey toward business success in Dubai!

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frequently asked questions

Meydan Free Zone is a premium business hub in Dubai offering 100% foreign ownership, tax exemptions, and world-class infrastructure for companies in trading, services, e-commerce, and more.

Any individual or corporate entity, regardless of nationality, can set up a company in Meydan Free Zone, thanks to its 100% foreign ownership policy.

Meydan Free Zone offers Trading, Service, E-Commerce, Industrial, and General Trading licenses to cater to various business activities.

The company setup process typically takes 3-5 working days, depending on the completeness of documents and approval timelines.

Benefits include 100% foreign ownership, tax exemptions, strategic location, flexible office solutions, and access to Dubai’s global market.

Required documents include passport copies, proof of address, business plan, NOC (if applicable), and a completed application form.

Yes, but you’ll need a local agent or distributor to conduct business in the UAE mainland, as free zone licenses are primarily for international operations.

Costs vary based on license type and office space, starting from AED 15,000 for licenses and AED 7,500 for virtual office packages.

No, Meydan Free Zone offers flexible options like virtual offices and flexi-desks, making it cost-effective for startups and SMEs.

Yes, Meydan Free Zone provides visa sponsorship for shareholders, directors, and employees, subject to approval and fees.

Licenses are typically valid for one year and can be renewed annually upon payment of renewal fees.

Yes, but you’ll need to apply for a license amendment and pay the associated fees to update your business activity.

No, Meydan Free Zone does not impose a minimum capital requirement for most business activities.

Yes, you can open a corporate bank account in the UAE, but requirements vary depending on the bank and your business activity.

Meydan Free Zone stands out for its strategic location, flexible office solutions, quick setup process, and access to Dubai’s thriving business ecosystem.