Meydan Free Zone Company Formation
Meydan Free Zone Company Formation offers a streamlined and efficient pathway for entrepreneurs looking to establish a business in Dubai. As a premier destination for business setup, Meydan Free Zone combines modern infrastructure with cost-effective solutions, making it an attractive choice for company formation. The free zone supports various business activities, including trading, consulting, and media, under a single license, simplifying the registration process. With competitive licensing costs and the flexibility to operate both within and outside the free zone, Meydan Free Zone stands out for its strategic location and business-friendly environment. Entrepreneurs benefit from rapid company registration, minimal documentation, and comprehensive support services, ensuring a smooth setup experience.
Whether you’re looking to start a small business or expand an existing venture, Meydan Free Zone Company Formation provides the essential resources and advantages needed to thrive in Dubai’s dynamic market.
Read Post: How to Setup Business in UAE?
Why Choose Meydan Free Zone?
Meydan Free Zone is an excellent choice for entrepreneurs and businesses aiming to establish a presence in Dubai for several compelling reasons:
1. Strategic Location
- Prime Address: Located within the prestigious Meydan complex, adjacent to Dubai’s vibrant business and logistics corridors.
- Proximity to Key Hubs: Close to Dubai International Airport and major commercial centers, offering easy access to global markets.
2. Cost-Effective Solutions
- Affordable Licensing: Offers some of the most competitive rates for business licenses in Dubai, reducing overall startup costs.
- Flexible Packages: Multiple packages are available to suit various business needs, including options with and without visa quotas.
3. Business-Friendly Environment
- Wide Range of Activities: Permits up to three business activities under a single license at no additional cost.
- No Currency Restrictions: Conduct business transactions in any currency without limitations.
- Full Foreign Ownership: Allows 100% foreign ownership and full profit repatriation.
4. Modern Infrastructure
- State-of-the-Art Facilities: Provides access to high-quality office spaces, including flexi-desks and private offices, equipped with essential amenities.
- Advanced Technology: Offers cutting-edge technology infrastructure and banking support through platforms like MeydanPay.
5. Efficiency and Speed
- Fast Processing: Company registration and license issuance are completed within 3 to 5 business days.
- Remote Setup: The process can be handled remotely, eliminating the need for physical presence in Dubai.
6. Networking and Community
- Business Hub: Positioned as a key networking hub with regular events and a vibrant business community.
- Access to Resources: Provides a platform for collaboration and growth, supporting innovation and business development.
Choosing Meydan Free Zone means benefiting from a combination of strategic location, cost-effectiveness, modern facilities, and a supportive business environment, making it a top choice for setting up a business in Dubai.
Know More About Free Zone in UAE
Steps to Setup a Company in Meydan Free Zone
Setting up a company in Meydan Free Zone is a streamlined process that involves several key steps. Here’s a detailed guide to help you through the company formation journey:
1. Choose the Right License Type
- Consulting License: Ideal for service-oriented businesses such as HR or finance consultancy.
- Commercial License: Suitable for trading, light manufacturing, and packaging companies.
- Media License: Perfect for digital media, software development, and creative industries.
2. Select a Business Activity
- Identify Activities: Determine up to three business activities you plan to undertake under a single license.
- Check Availability: Ensure the chosen activities are allowed under Meydan Free Zone’s regulations.
3. Prepare Required Documents
- Individual Shareholders: Passport copy, passport-sized photo, and a CV of the investor.
- Corporate Shareholders: Notarized Certificate of Incorporation, Certificate of Incumbency, Memorandum of Association, and Board Resolution.
- Company Name: Propose up to three names for approval.
4. Submit Application
- Complete Forms: Fill out the application form with all required details.
- Document Submission: Submit the completed form along with the necessary documents to the Meydan Free Zone Authority.
5. Make Payment
- License Fees: Pay the applicable fees based on the chosen license type and office requirements.
- Office Space: Select and pay for your preferred office solution, such as a flexi-desk or private office.
6. Receive Your Business License
- Processing Time: The license will be issued within 3 to 5 working days.
- Collection: Obtain your business license from the Meydan Free Zone Authority.
7. Apply for UAE Residence Visa
- Immigration Card: Apply for an immigration card after receiving your business license.
- Visa Application: Submit visa applications for investors and employees, including required documents such as passports and medical reports.
- Medical Check and Emirates ID: Complete the medical check-up and apply for the Emirates ID.
8. Open a Bank Account
- Banking Support: Set up a business bank account with local banks or use the MeydanPay platform for seamless transactions.
Types of Licenses in Meydan Free Zone
Meydan Free Zone offers various types of licenses to cater to different business needs. Here are the primary licenses available:
1. Professional License
- Purpose: For companies providing professional services such as consulting, HR services, finance, and more.
- Eligibility: Suitable for service-based businesses and consultancy firms.
2. Commercial License
- Purpose: For businesses involved in trading, light manufacturing, and packaging activities.
- Eligibility: Ideal for companies engaged in import/export, trading of goods, and related activities.
3. Media License
- Purpose: For businesses operating in the media sector, including digital content creation, website development, software development, and creative arts.
- Eligibility: Perfect for companies in digital media, arts, and entertainment industries.
These licenses offer flexibility and a range of business activities, allowing entrepreneurs to choose based on their specific needs and objectives.
Read Post: RAKEZ Business setup and costs:
License Cost in Meydan Free Zone
Below is a detailed breakdown of the license cost for setting up a company in Meydan Free Zone:
| License Type | Visa Quota | Initial Cost (AED) | Renewal Fee (AED) |
|---|---|---|---|
| Zero Visa Package | 0 | 12,500 | 12,500 |
| 1 Visa Package | 1 | 21,130 | 14,350 |
| 2 Visa Package | 2 | 27,760 | 16,200 |
| 3 Visa Package | 3 | 34,390 | 18,050 |
| 4 Visa Package | 4 | 41,020 | 19,900 |
Additional Costs
Emirates ID: AED 390
Establishment Card: AED 2,000 (first year), AED 2,200 (renewal)
UAE Residence Visa: AED 3,520 per applicant
Medical Checkup: AED 450 (normal), AED 850 (VIP)
Calculate your business setup cost.
Comparison of License Costs: Meydan Free Zone vs. RAKEZ Free Zone
Here’s a comparison for the cost of licenses in Meydan Free Zone vs. RAKEZ Free Zone, covering up to 4 visas:
| Feature | Meydan Free Zone | RAKEZ Free Zone |
|---|---|---|
| License with 0 Visa | AED 12,500 | AED 6,000 |
| License with 1 Visa | AED 21,130 | AED 12,000 |
| License with 2 Visas | AED 27,760 | AED 18,000 |
| License with 3 Visas | AED 34,390 | AED 22,000 |
| License with 4 Visas | AED 41,020 | AED 26,000 |
| Additional Visa (Per Visa) | AED 4,000 | AED 4,000 |
| Processing Time | 2-3 Business Days | 2-3 Business Days |
| Remote Registration | Available | Available |
| Office Space Requirement | Flexi-desk or Private Office | Flexi-desk or Private Office |
Notes:
- Meydan Free Zone: Offers a variety of office solutions, including flexi-desks and private offices, and has a faster processing time for licenses.
- RAKEZ Free Zone: Slightly lower base costs for licenses but slightly higher visa fees and processing time.
This table should help you compare the costs and features of setting up a company in these two UAE free zones.
Conclusion
Setting up a company in Meydan Free Zone offers a compelling blend of cost-effectiveness, strategic location, and modern infrastructure, making it an attractive choice for entrepreneurs and businesses aiming to establish a presence in Dubai. The streamlined registration process, combined with the zone’s flexibility in business activities and competitive pricing, provides a strong foundation for business success. With access to world-class facilities, fast processing times, and a supportive business environment, Meydan Free Zone stands out as a premier destination for company formation in Dubai.
How Infibiz Can Help
At Infibiz, we are dedicated to making your business setup in Meydan Free Zone as seamless and efficient as possible. Our expert team provides end-to-end support, including:
- Consultation: We help you choose the right license type and business activity suited to your needs.
- Documentation: Assistance with preparing and submitting all necessary documents to the Meydan Free Zone Authority.
- Application Handling: We manage the application process, ensuring timely and accurate submissions.
- Visa Services: Comprehensive support with UAE residence visas, including immigration card applications and Emirates ID processing.
- Banking Solutions: Guidance on opening business bank accounts and utilizing MeydanPay for efficient financial management.
- Office Setup: Help with selecting and setting up your office space, whether it’s a flexi-desk or a private office.
With Infibiz, you benefit from our extensive expertise and local knowledge, ensuring a smooth and successful company setup in Meydan Free Zone. Contact us today to start your business journey in Dubai with confidence.
