Unlocking Opportunities: Setting Up Your Meydan Free Zone Company in Dubai
Meydan Free Zone is a business-friendly free zone located in Dubai, UAE. It offers a wide range of benefits to businesses, including 100% foreign ownership, no personal or corporate taxes, and easy access to the global market.
If you are considering setting up a company in Meydan Free Zone, this article will provide you with an overview of the requirements and fees involved.
Requirements:
To set up a company in Meydan Free Zone, you will need to meet the following requirements:
- Choose a business activity: Meydan Free Zone offers over 3,500 business activities, so you can choose the one that best suits your needs.
- Choose a company name: Your company name must be unique and not already in use by another business in the free zone.
- Appoint a local sponsor: A local sponsor is a UAE national who will act as your guarantor and provide support with the registration process.
- Submit the required documents: The required documents include a copy of your passport, a copy of your visa, and a business plan.
Fees:
The fees for setting up a company in Meydan Free Zone vary depending on the business activity and the number of visas required. However, the basic fees are as follows:
- Trade license: AED 12,500
- Flexi-desk: AED 1,000 per month
- Annual license renewal: AED 10,000
- Work visa: AED 2,000 per person
Process:
The process of setting up a company in Meydan Free Zone is relatively straightforward. Here are the basic steps involved:
- Choose a business activity and register your company name.
- Appoint a local sponsor.
- Submit the required documents to Meydan Free Zone.
- Pay the required fees.
- Receive your trade license and other documentation.
Setting up your company in Meydan Free Zone involves several key requirements:
- Business Activity: Determine the nature of your business activity as this will influence the type of license you need.
- Shareholders: Decide on the structure of your company, whether it’s a Free Zone Limited Liability Company (FZ-LLC) or a branch of an existing company.
- Share Capital: Establish your company’s share capital, which varies depending on your chosen business activity.
- Business Plan: Prepare a comprehensive business plan outlining your company’s objectives and strategies.
- Office Space: Meydan Free Zone offers a variety of office spaces, and you’ll need to select one that suits your needs.
- Visa Eligibility: Consider the number of visas you require for your employees, as this will affect your package choice.
1. Fees breakup in setting up a company in Meydan Free Zone?
- Trade License: AED 12,500 (one-time fee)
- Flexi-desk: AED 1,000 per month (if you choose this option for your office space)
- Annual License Renewal: AED 10,000 (to renew your business license annually)
- Work Visa: AED 2,000 per person (for each employee or yourself if you require a work visa)
2. Benefits of setting up a company in Meydan Free Zone?
- 100% foreign ownership
- No personal or corporate taxes
- Easy access to the global market
- Fast and easy business setup process
- Support for international businesses
- Excellent infrastructure and facilities
3. Choosing the Right Package
Tailoring Your Business Setup
Meydan Free Zone offers various business setup packages to cater to different needs:
- Free Zone Company (FZCO) Package: Ideal for companies with multiple shareholders.
- Free Zone Establishment (FZE) Package: Suitable for single shareholders.
- Branch Setup: For companies wishing to establish a branch in Meydan Free Zone.
4. Fee Structure
Cost-Effective Business Setup
Setting up your business in Meydan Free Zone is cost-effective compared to many other free zones in Dubai. The fees can vary depending on factors such as your chosen business activity, package, and the size of your office space. However, here are some general fee categories:
- License Fee: This is the annual fee for your business license and depends on the package you choose.
- Office Rent: The cost of office space varies based on the size and location.
- Visa Fees: The number of employee visas you require will determine the visa fees.
- Additional Services: Depending on your needs, there may be charges for services such as company registration and document processing.
5. Setting Up Your Meydan Free Zone Company
Bringing Your Vision to Life
Once you have completed all the requirements and paid the necessary fees, your Meydan Free Zone company is ready for operation. You will receive your business license and can start your business activities immediately.
