If you want to start your Business in the heart of Dubai, then Meydan Free Zone Company Formation is the right choice for you. This is because of various reasons that we will discuss here today. Additionally, we will take a look at how you can start your own company here and the processes that you need to complete.
Lastly, we will also take a look at the minimum budget you should have to meet the cost of setting up a business in the Meydan Free Zone. So, if you want to start your business in Dubai and move to the UAE then keep reading.
If you want to setup a business in Dubai as a foreigner, then the free zones in Dubai are a good choice for you. This is because of various reasons including ease of company formation.
However, there are numerous free zones in Dubai, then why should you select Meydan Free Zone in Dubai for your company formation. Let us take a look at why you should select Meydan Free Zone for starting your new business in Dubai.
Advantages of Company Formation in Meydan Free zone
There are many benefits of starting a business anywhere in the UAE. However, there are some extra benefits of starting a business in one of the free zones in Dubai.
On top of that, there are Meydan Free Zone takes it one step further with an easy, fast, and cheap company formation process. As a result, foreigners looking to get started in the UAE can easily do so thanks to Meydan Free Zone.
Here are the benefits of starting your business in Meydan Free Zone:
- Premium location for your business setup.
- Guaranteed 100% repatriation of invested capital and profits gained.
- Guaranteed 100% ownership of the business both for individuals and corporate entities.
- Easy to setup business in Meydan free zone
- Investors are given the permission to operate their business through a Flexi desk.
- Extremely secure business environment.
- Premier location for new business locating to Dubai
- Seamless and efficient licensing and registration procedure.
- Strategic location near Mohammed Bin Rashid Al Makhtoum City, close proximity to the Dubai Logistics Corridor.
- Secure regulated environment.
- Very competent licensing and registration procedure.
Start your New Company Formation in Meydan Free Zone with 0 Visa @ AED 12,500
1. Lenient Tax Policy
First and foremost, the tax laws in Dubai are very lenient. For example, on the Dubai mainland, you do not need to pay corporate taxes before your income reaches a specific threshold. However, if you start your business in Meydan Free Zone then you do not need to pay any taxes whatsoever, no matter what your income is.
This means that you do not need to pay any personal taxes as well. So, instead of starting a business, if you intend to join a job here in Meydan Free Zone, even then you do not need to pay any taxes for your income.
2. 100% Foreign Ownership
One of the biggest factors that stopped foreigners from starting a business in the UAE was their ownership laws. However, if you start your business in Meydan Free Zone as a foreigner, you can still own 100% of your business here.
This means that you can select the Sole Proprietorship company’s legal structure when starting a business in Meydan Free Zone. As a result, you can ensure that you do not run into any potential disputes with your partner or local sponsor in the future.
3. Low-cost Company Formation
Last but not the least, you can start your business in Meydan Free Zone with a very limited budget. On top of that, the process of company formation in Meydan Free Zone is very easy. The Meydan free zone company formation cost is AED 12,500. For example, you can start a business in Meydan Free Zone for as low as AED 12,500.
Alternatively, you can pay more to be able to obtain more visas if you want to start your business with multiple shareholders. Whatever the case, company formation in Meydan Free Zone is cheaper than company formation in Dubai mainland.
Process of Starting a Meydan Free Zone Company Formation in Dubai
As we have mentioned before, the company formation process in Meydan Free Zone is very easy. However, you can easily get confused if this is your first time starting a business anywhere in the UAE. This is because the UAE has a unique culture and language that most foreigners are not familiar with.
This is where the Company Experts come to the rescue. They have the necessary experience and expertise required to easily start your business in Meydan Free Zone.
Here are the steps you need to follow in order to start a business in Meydan Free Zone:
1. Choose your business activities
The first step of starting your business anywhere in the UAE is to select the business activities that you want to perform through your company. As a result, when starting your business in Meydan Free Zone, you can select from a wide array of commercial, industrial, and professional business activities to perform.
However, keep in mind that you cannot perform any business activities that you did not select beforehand. So, select your business activities carefully.
2. Register a trading name
The second step is to register a trading name for your business. You need to select a trading name that does not already exist inside the UAE. However, the name can be in use in other countries of the world.
As long as it is not in use inside the UAE, you can go for it. Additionally, you need to abide by the naming regulations set by the Department of Economic Development in Dubai.
3. Apply for your trade license
Depending on the business activities you have selected, you need to apply for a trade license from the Meydan Free Zone authorities. For obtaining the trade license, you will need to fill up an application form and provide some necessary documents to the relevant authorities.
4. Apply for your visa
The last step is to apply for visas. Depending on the type of package you are applying for, you can obtain one to six visas. After you have obtained your trade license, you can sponsor the visas of your close family members.
License Types offered by Meydan Free zone Company
Meydan Freezone offers different types of activities that are grouped into commercial, consultancy or media license.
- Consulting license
- Commercial license
- Media license
Documents Required for Meydan free zone Business Setup
Individual Shareholder
* Application forms duly signed by the authorized signatory.
* 3 Year Business Plan
* Passport and visa copy of shareholders/directors/manager
* CV of shareholder (s) / directors / manager
* Original Bank reference letter or 6 month bank statement (stamped)
Corporate Shareholder
* Applications forms duly signed by the authorized signatory.
* Audited Financial Report
* Company brochure / profile
* 3 Year Business Plan
* Letter from the shareholding company for the appointment of a Manager.
* Board Resolution calling for the establishment of a Meydan Free Zone company, attachment of Specimen Signature, Passport copy & Power of Attorney for Manager, Director & Secretary.
* Certificate of Registration (or) Certificate of Incorporation (or) Certificate of Good Standing of the Mother Company, Memorandum & Articles of Association of the Parent Company. (Attested)
Start your New Company Formation in Meydan Free Zone with 1 Visa @ AED 14,500
Documents Required For Establishing A Branch Company
* Application forms duly signed by the authorized signatory.
* Board Resolution calling for the establishment a branch in Meydan Free Zone and guarantee full financial commitment.
* Certificate of Registration (or) Certificate of Incorporation (or) Certificate of Good Standing, Memorandum & Articles of Association of the Mother Company, Attachment of Specimen Signature, Passport copy & Power of Attorney for Manager and Directors. (Attested)
* 3 Year Business Plan
* Letter from the parent company for the appointment of Manager.
* Company brochure / profile
How can Company Setup Consultants help you?
If you want to start a Meydan Free Zone Company Formation but you do not know where to get started, then you are in the right place. This is because Company Setup Consultants have started various businesses all over the UAE for entrepreneurs from all over the world.
As a result, we have the necessary expertise and connections required to set up your business in any economic jurisdiction in the UAE. So, get started with your Meydan Free Zone Company Formation immediately. Contact us today and hit the ground running.
To Speak with our Experienced Business Consultants for further information and assistance, call us at +971582595164. Send a WhatsApp Message for Chat Query on +971 582595164 or email us at [email protected].
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