Introduced in 2009, Meydan free zone offers the investors the best opportunities, packages, services and facilities for seamlessly undertaking the process of business setup in Dubai. By setting up a business in Meydan Free Zone, foreign investors can enjoy the benefits of having a premium office address at the prestigious Dubai Racecourse, Downtown. Moreover, the process of business setup in the Meydan free zone is comparatively the least expensive for foreign investors.
Startups, corporate groups, SMEs, and entrepreneurs can get hold of the benefits offered by the Meydan free zone by applying through business setup consultants in Dubai. As is typical with all the other UAE free zones, the Meydan free zone also offers benefits such as 100% ownership, zero taxation, no currency restrictions etc. Let’s explore further to understand more about company formation in the Meydan free zone, Dubai.
Types of Permitted Licenses & Business Sectors
Opting for company formation in Meydan Free Zone enables the investors to select their desired activities from a list of over 1,500 permitted business activities. The permitted activities are grouped under the following trade licenses in Meydan Free Zone:
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A commercial license is a permit issued by the Meydan Free Zone to carry out activities such as import/export, trading & distribution of various types of goods. Company formation experts in Dubai can assist entrepreneurs in clearing their doubts regarding the activities permitted under a commercial license.
A consulting license allows investors to open professional service businesses such as business setup consultancy, management consultancy, human resource (HR) consultancy etc. Consult with business setup consultants in Dubai to quickly obtain the consulting license.
A media license allows entrepreneurs to start media businesses in Dubai, such as advertising, communications, broadcasting, online media, news channels etc. However, to open a media company in Dubai, foreign investors need to obtain clearance from the Media Regulatory Office.
Types of Companies Permitted
Investors can set up three types of companies in the Meydan Free Zone. They are:
1. Free Zone Sole Establishment
A sole establishment is owned by a single individual who can own all the profits generated by the company. However, the owner will also be responsible for the complete liability of the company.
2. Free Zone Limited Liability Company
A Free Zone Liability Company (LLC) will be owned and operated by shareholders. The liability will be limited to the number of shares held by each shareholder.
3. Branches of Other Companies
Meydan Free Zone allows the formation of branches of companies. It can be either the branch of a UAE company or a foreign company.
Facilities & Benefits offered by Meydan Free Zone
While selecting a free zone in Dubai, every foreign investor first checks the facilities and other benefits on offer. Meydan free zone offers a wide range of benefits that contributes to the ease of doing business in Dubai. The following are the major benefits and facilities offered by the Meydan Free Zone to the investors:
Meydan Free Zone is strategically located at one of the most centrally-located commercial addresses in Dubai. Setting up a business in Meydan provides entrepreneurs with the benefit of being only a few minutes away from the major financial hubs in Dubai. Investors can gain maximum from the free zone’s proximity to Rashid Al Maktoum City and high-speed connectivity to Dubai Logistics Corridor.
Affordable Flexi Desk Options
A Meydan Free Zone license comes with sophisticated plug-and-play office space options called Flexi Desks. A Flexi Desk is perfect for all kinds of businesses, including startups, SMEs, and even corporate groups. A Flexi Desk is the best option for companies that wish to set up a business in Dubai at lower initial costs.
Meydan Free Zones business centre offers access to fully-equipped meeting rooms and boardrooms with the ability to customise the space as per the business needs of entrepreneurs. The companies also get benefits such as special rooms and F&B rates with The Meydan Hotel and the opportunity to live and work in the same location.
Access to a Vibrant Community
Meydan Free Zone is located inside the Meydan Hotel and offers access to the famous Meydan Racecourse which is known for hosting world-class attractions like the Dubai World Cup, The Track, Meydan Golf, and other events. Apart from that, the investors can enjoy the proximity to the following vibrant communities in the Meydan Free Zone:
- Mohammed Bin Rashid Al Maktoum City
- Meydan Heights
- Meydan Avenue
- Meydan One
Best Free Zone for Startups & Freelancers
Meydan Free Zone is regarded as one of the best free zones in Dubai, which is ideally suited for startups and freelancers. The free zone offers a multitude of competitive packages and business setup services in Dubai for freelancers and startups. Business setup consultants in Dubai can provide more details on the Meydan Free Zone packages.
Limitations of Meydan Free Zone License
A company incorporated in the Meydan Free Zone cannot conduct business outside the free zone limits. If a Meydan company wishes to trade in the UAE mainland, it must contract with a distributor who holds the license to trade in the country. However, the limitation on activities is common to all free zones in the UAE.
Reporting Requirements in Meydan Free Zone
All the free zone, mainland and offshore companies incorporated in the UAE are required to comply with specific reporting requirements such as Economic Substance Regulations (ESR), Anti-Money Laundering and Combatting Financing of Terrorism (AML-CFT) and Ultimate Beneficial Ownership (UBO). Companies established in the Meydan Free Zone must assess whether they fall within the scope of these regulations. Companies incorporated through business setup consultants in Dubai can avail of such compliance services at an affordable rate.
Avail of the Best Business Setup Services in Dubai
Meydan Free Zone is one of the premium free zones that offer cost-effective options for business setup in Dubai. The process of business setup in Meydan Free Zone is easy and flexible for entrepreneurs given that they avail the right kind of support services. For instance, investors who apply through business setup consultants in Dubai, such as Jitendra Business Consultants (JBC), will be able to navigate easily through the complex laws and requirements set out by the free zone authority.
JBC’s business setup services in Dubai enable the entrepreneurs to tackle processes like license application, document drafting, applying for a visa, the opening of corporate bank account etc. Our team of highly qualified business setup experts are well-versed in the UAE immigration and labour laws, which can be beneficial for newbie entrepreneurs. Apply for a license in Meydan Free Zone through JBC to easily establish a business presence in Dubai, which is one of the most lucrative markets in the world.