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If you even made a small research to start a business in the EAU, you know about the free zones of the country one of the main advantages of setting up your business in the Meydan Free Zone is its strategic location. The Free Trade Zone is located in the business district of Dubai which is itself at the center of the Middle East and poised to trade with the vast markets of Europe, Asia, and Africa.
Every aspect of the company formation in Meydan Free Zone has also been designed with the focus here and immediately benefits from:
- 100% foreign ownership
- Tax-free policies
- Low-cost installation and renewal structures
- Choice of 1,500 business activities
- Dedicated helpdesk
- Modern communication infrastructure
- No currency restrictions
You also take your place in a vibrant community, giving you an incredible opportunity to network and collaborate
Plus, Meydan’s digital framework lets you get started quickly. The specially designed platform facilitates all types of processes, from licenses to visas and more.
Steps to Obtain your Meydan Free Zone License
If you are interested in settling in the Meydan Free Zone, the first step is to apply contact the Business Incorporation Zone (BIS). After a brief consultation, your BIS Account Manager will guide you through the following steps:
Step 1: Select your business activities
Meydan Free Zone welcomes a variety of commercial, industrial, and professional business activities.
When applying for your license you need to know which categories your selected activities fall into. You may only perform activities that are specified in your license.
Step 2: Choose your company name
Choosing a company name is a very important step in company formation in Meydan Free Zone. You must adhere to a strict but easy-to-follow set of naming conventions. Again, an expert-created by a company can help you with this step. Avoid names of well-known organizations and avoid abbreviations when naming your company after yourself, You should also verify that your chosen name is available for registration.
Step 3: Apply for a business license
Applying for your business license through Meydanfz can manage this entire process for you and consult with government agencies and Meydan Free Zone authorities on your behalf
Meydan Free Zone’s intuitive licensing process is predominantly digital, helping to reduce time and effort during the licensing process. The platform brings together licenses with all types of compliance and regulations including UBO, ESR, and AML.
As part of this process you will normally need to submit the following documents:
- Copy of passport
- Passport sized photo (digital)
- Copy of residence visa (if applicable)
- Copy of Emirates ID (if applicable)
Step 4 – Apply for your visa
In addition to a license, you also need a residency visa to work in the UAE. The visa application process consists of several steps, including biometric scanning, blood test, medical examination, and chest x-ray.
As a business license holder in the UAE, you can also sponsor others for their visas. This can be a spouse, parent or child, or a domestic worker e.g. a housekeeper.
Cost of a Meydan Free Zone license
Meydan Free Zone license packs start at just AED 12,500. This package includes up to three licensed activities and use of Free Zone facilities
Package prices increase to AED14,350 to include eligibility for one visa and up to AED23,600 for up to six visas.
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