Meydan Free Zone
Meydan Free Zone (MFZ), established in 2009 by Ruler’s Decree No. 5, is a prominent economic free zone in the heart of Dubai, UAE. Its strategic location near Mohammed Bin Rashid Al Maktoum City and the Dubai Logistics Corridor makes MFZ a prime choice for businesses.
This free zone offers unparalleled advantages due to its proximity to key commercial hubs and vital locations, including the Dubai International Airport. Additionally, MFZ boasts easy access to an array of essential facilities, including state-of-the-art facilities, parks, hospitals, schools, villa communities, sports facilities, entertainment hubs, and various established commercial industries.
Benefits of Meydan Free Zone Meydan Free Zone, a thriving business hub in Dubai, offers an array of advantages to entrepreneurs seeking growth and expansion:
- 100% Foreign Ownership: Enjoy complete ownership of your business without the need for local partners.
- Diverse Business Activities: Choose from over 1,500 licensed activities, allowing flexibility and variety in your business pursuits.
- Shared Desk Facility: All business packages include shared desk facilities, fostering a collaborative work environment.
- Zero Paid-Up Share Capital: Start your venture without the burden of initial capital requirements.
- Rapid Licensing: Company documents are issued within a day, expediting your setup process.
- Tax Benefits: Benefit from 0% personal income tax and zero import or re-export duties.
- Repatriation of Capital: Enjoy the freedom to repatriate capital without restrictions.
- 24-Hour Office Access: Meydan Free Zone offers 24/7 office access, accommodating diverse work schedules.
- Effortless Banking: Easily set up a bank account to manage your financial transactions.
Meydan Free Zone’s comprehensive benefits create an environment conducive to business growth, attracting entrepreneurs seeking an efficient and profitable business ecosystem in Dubai.
Advantages of Meydan Free Zone for Your Business
- Prime Location: Strategically located minutes from Downtown Dubai, Meydan Free Zone offers easy access to import-export opportunities with proximity to key transport hubs and a choice of 1,500+ business activities.
- Cutting-edge Infrastructure: Benefit from advanced infrastructure, high-speed internet connectivity, and modern amenities that enhance efficiency and productivity.
- Digital Efficiency: Enjoy a paperless setup with simplified business processes on Meydan’s digital platform, streamlining record management.
- Startup-Friendly: Meydan Free Zone facilitates seamless startups with 100% foreign ownership, no currency exchange requirements, tax exemptions, and MOFA-recognized licenses, accompanied by modern office options.
Choose Meydan Free Zone for a strategic, efficient, and startup-friendly business setup.
Types of Licenses in Meydan Free Zone
Meydan Free Zone offers three licenses:
- Media License: For advertising, marketing, web design, and printing.
- Service & Consultancy License: Covers professional consulting, accounting, and HR services.
- Commercial License: Ideal for general trading and import/export. Note: No warehouse facilities are available for product storage. Meydan Free Zone’s licenses cater to a range of business needs.
Requirements for Obtaining a Meydan Free Zone License
Whether you’re an individual shareholder or a corporate entity, acquiring a Meydan Free Zone License is streamlined with clear criteria. Adhering to your guidelines, here’s a concise overview:
For Individual Shareholders:
For Corporate Shareholders:
- Submit signed application forms.
- Include an audited financial report.
- Attach a copy of the company profile.
- Present a 3-year business plan.
- Furnish a letter from the shareholding company appointing a manager.
- Include a board resolution for the Meydan Free Zone company establishment, complete with specimen signatures, passport copies, and power of attorney for the manager, director, and secretary.
Steps to Set Up Your Meydan Free Zone Business
- Choose business activities (up to 3).
- Pick a name (3 options).
- Apply for the trade license.
- Arrange visas with Creative Zone.
- Open a business bank account for seamless transactions and credibility.