Introduction
Meydan Free Zone located in Nad Al Sheba near Mohammed bin Rashid Al Maktoum City which offers efficient, seamless and competitive packages for business startup. It has easy access to Dubai International Airport and major intersections.
Benefits
Below are the benefits for formation of company with Meydan Free Zone:
- Premier location
- Competitive company formation packages
- Seamless business setup procedure
- 100% repatriation of capital and profits
- 100% foreign ownership
- No corporate or personal tax
- Guaranteed IBAN
- 1500 plus business license activities
Meydan Free Zone company setup require below license types
Meydan Free Zone offers different types of license as mentioned below:
- Consultancy/Professional license – Allow to carry consulting activities such as Management consultancy, Real Estate consultancy, HR & Recruitment etc.
- Trading/Commercial license – Allow import-export, trading includes general trading etc.
- Media license – Allow all kinds of media, advertising and communication services like Web portal.
Minimum share capital requirement for Meydan Free Zone company setup
The minimum share capital requirement for formation of Meydan Free Zone company is AED 100,000/- and there is no requirement of deposit the same into the company’s bank account.
Meydan Free Zone license Cost
Below are the company formation packages offers by Meydan freezone for formation of company:
| Sr. No. | Package | Amount (AED) |
|---|---|---|
| 1 | 0 visa package | 12,500/- |
| 2 | 1 visa package | 14,350/- |
| 3 | 2 visa packages | 16,200/- |
| 4 | 3 visa package | 18,050/- |
Visa quota can be increased by paying AED 1,850/- per visa.
Types of offices available and it’s cost
| Sr. No. | Type of office available | Cost (AED) |
|---|---|---|
| 1 | Co-working shared office | 375/- |
| 2 | Co-working dedicated office | 3,500/- |
| 3 | Shared office | 15,000/- |
| 4 | Dedicated office | 30,000/- |
Meydan Free Zone visa cost
| Sr. No. | Package | Amount (AED) |
|---|---|---|
| 1 | Establishment card | 2,000/- |
| 2 | Investor/Employee visa | 3,500/- |
| 3 | Medical examination | 850/- |
| 4 | Emirates ID | 375/- |
| 5 | Health Insurance | 1,000/- |
List of documents required for Meydan Free Zone company setup
For Individual shareholders
- Passport copy
- Passport size photo
- Residence visa copy (If UAE resident)
- Emirates ID copy (If UAE resident)
For Corporate shareholders
- Certificate of incorporation
- Certificate of incumbency or equivalent
- Memorandum of Association
- Board resolution
The documents of foreign company must be notarized by UAE embassy in home country and attested by Ministry of Foreign Affairs in UAE.
Timeline
Meydan Free Zone takes 5 to 7 working days in order to issue the trade license of the company.
Meydan Free Zone license renewal cost
Meydan Free Zone license renewal cost will be same as paid for company formation. Additionally AED 2,000/- needs to be paid establishment card renewal along with license renewal.
Meydan Free Zone license Amendment
All the major amendment can be done remotely and it’s cost shall be AED 2,000/- per amendment.
Meydan Free Zone company liquidation
The process takes 40 to 50 days in order to complete the liquidation procedure and it’s cost shall starts from AED 2,000/-.
Conclusion
Meydan Free Zone is one of the free zones that offers cost-effective business setup solution in Dubai. It is located in the heart of Dubai, business owners can experience world class infrastructure. Offices of Meydan freezone are inside the the Meydan Hotel where business owners can enjoy a workspace overlooking the world famous Meydan horse racing track.
