Setting Up a Business in Meydan Free Zone

1. Setting Up a Business in Meydan Free Zone Setting up a business in the Meydan Free Zone offers numerous advantages, from tax benefits to strategic location. This guide will walk you through everything you need to know about establishing your business in this dynamic area. Introduction to Meydan Free Zone Meydan Free Zone, located in Dubai, is a rapidly growing hub for businesses of all sizes. Known for its state-of-the-art infrastructure and strategic location, it provides an ideal environment for both startups and established companies. Benefits of Setting Up a Business in Meydan Free Zone 1.100% Foreign Ownership: One of the most significant advantages is the ability to have complete ownership of your business. 2.Tax Exemptions: Companies enjoy zero corporate and income taxes. 3.Strategic Location: Proximity to key markets in the Middle East, Africa, and South Asia. 4.Modern Infrastructure: High-quality office spaces and facilities. 5.Ease of Setup: Streamlined processes for registration and licensing. Steps to Set Up a Business in Meydan Free Zone 1.Choose Your Business Activity: Determine the type of business you want to establish. 2.Select a Company Name: Ensure it complies with the UAE’s naming conventions. 3.Prepare Your Documents: This typically includes passport copies, proof of address, and a business plan.

2. 4.Submit Your Application: Complete the application form and submit it to the Meydan Free Zone Authority. 5.Obtain Your License: Once approved, you will receive your business license. 6.Set Up Your Office: Choose from the various office spaces available within the free zone. 7.Open a Bank Account: Establish a corporate bank account to manage your finances. Types of Licenses Available 1.Commercial License: For trading and commercial activities. 2.Service License: For service-oriented businesses. 3.Industrial License: For manufacturing and industrial activities. Required Documents Passport copies of the shareholders Proof of address Business plan No objection certificate (if applicable)     Costs Involved License Fee: Varies based on the type of business activity. Office Rent: Depending on the size and location of the office space. Miscellaneous Fees: Including visa processing and administrative fees.    Conclusion Setting up a business in Meydan Free Zone offers a plethora of benefits, including full foreign ownership, tax exemptions, and a strategic location. By following the streamlined process, you can quickly establish your presence in this vibrant business hub. Whether you are a startup or an established company looking to expand, Meydan Free Zone provides the ideal environment for growth and success.