Meydan Free Zone Business Setup in Dubai | Business Setup in Dubai Free Zone

Meydan Free Zone

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MEYDAN FREEZONE

What is Meydan Free Zone

Meydan Free Zone is considered the most preferred free zone in the UAE owing to its modern infrastructure and proximity to the Dubai International Airport. It is the only 24/7 free zone that is entirely digitalized so much so that the entire process of trade licenses and payments is done through its acclaimed portal.

What makes this free zone different from the rest is that it allows entrepreneurs to carry out numerous businesses with just one license. So you can explore new companies without the need to have much admin setup.

Moreover, businesses have the flexibility to open bank accounts in over 26 banks. Not only this but meydan free zone company formation is also enticing because you have an option to open an office in the Mainland and execute your business there. Now isn’t that interesting?

When it comes to a free zone company formation here, you will find different license options, each one designed to meet the specific company’s needs. For instance, the Pay-As-You-Go-Model allows you to establish a business based on your capital. However, various factors are considered when offering this type of license including business activities, its duration and visa obligations. You can also determine the initial cost required to set up a business in Meyden with the help of a cost calculator that is available on the portal.

Meydan free zone company formation process

The process of setting up a business in the Meydan free zone is straightforward. Anyone who wants to get started should gather the necessary documents and submit them. We have outlined below the process for your better understanding:

Since Meydan offers entrepreneurs to carry out a range of business activities, you need to be clear on what sort of business you want to start. Next, you will need to create a business plan which describes your business activities properly.
The second step is to determine the company setup such as an LLC or a Branch of an existing company. Note that the company formation process such as documentation, cost etc, will depend on the type of setup you choose.
The third setup is to choose the company name or the trade name. This should comply with the rules and regulations as laid down by the Meyden Free Zone Authority. The name should not denote any religious terms or any offensive words.
Next, you will need to gather all the documents which typically include:
- The duly-filled application form,
- Passport copies and passport-size photographs of the shareholders and directors of your company
- Residential proof your company’s shareholders and directors
- A complete business plan that outlines your business activities
- Memorandum of Association and Articles of Association
Once you submit the above documents, the authorities will review and share the initial approval.
Then you need to select the office space. You will find numerous options for office space in Meyden such as Flexi-desk, co-shared spaces and private spaces. Go for the one that aligns with your business requirements and budget.
Now you need to submit the remaining documents for the final approval. This includes the registration fees, license fees and lease fees for the office. Your application will reviewed and if found proper, the officials will issue the business license.
After receiving the license, open a corporate bank account and apply for the visas for your dependents, employees and shareholders. Once you complete all the formalities, you can commence with your business operations in the Meydan free zone.

Things to Remember for a Company Formation, UAE

When opting for a free zone company formation in Dubai, you will need to ensure that you are complying with the regulations of the free zone. Apply for renewal of licenses and visas regularly to avoid any actions. Additionally, you can consider seeking professional advice as a knowledgeable and reliable company formation consultant will guide you through the entire process of business setup in any part of UAE with ease.

Corpin Consultant – the best business setup consultant in Dubai

We at Corpin Consultants are not just another consultant that counsels you on the process of company formation in Meydan free zone. Our experts understand your business requirements and guide you through the entire process including business structure, license, business plan, documentation, office setup, bank account opening, visas etc. In short, you can rest assured that your free zone company formation, Dubai is in accordance with regulations and a great success.