- Company Formation
Meydan Free Zone
Dubai is full of life with Meydan Free Zone. Meydan freezone is the heart of Dubai and was intellectually sketched by ‘His Highness Sheikh Mohammed bin Rashid Al Maktoum, the vice president of the UAE, the ruler and prime minister of Dubai’. Meydan freezone came into life in February 2009. Now and then, Meydan appears in news for hosting the world-class horse-racing event at its premium racecourse which can comfortably accommodate 60,000 spectators.
Strategic Location for Company Formation in Meydan Free Zone
Meydan freezone from its inception has won hearts because of its strategic location and amenities. It’s an ideal location for work, play, shop, live, learn and grow. It has attracted global investors as it is centrally located and is well connected with the Dubai international airport. It encompasses an area for business setup categorised as a free zone and claims of meeting the best standards of the international business forum.
MFZ is much beyond the racecourse. The most advanced and well-planned infrastructure lends it a designer look. The world-class amenities include all facilities that your mind can visualise. Luxurious hotels, business parks, residential villas, sports grounds, schools, hospitals, inlay beach, shopping venues and much more. It is a prestigious destination for corporate meetings, events, family vacations and business setup. Once you land in MFZ you can become a part of a thriving economic arena that welcomes ambitious entrepreneurs from all over the globe.
Economic Impact of Meydan Free Zone
One of the leading newspapers of the UAE had published a One of the leading newspapers of the UAE had published a report on the contribution of free zones in the economy. It was stated that 8% of the total business is contributed by the free zones alone. Further, it mentioned that an upward slope can be seen in the growth graph as the investors are showing keen interest in investing in free zones. A 4.4% hike in investment was recorded in the last year. To add more, 60,000 companies are operating from the free zones as per the latest records.
Freezone Locations
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RAKEZ
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DMCC
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DIFC Free Zone
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Sharjah Media City
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Masdar City Free Zone
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SRTIP Free Zone
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Ajman Media City
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Sharjah Publishing City
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DWTC
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JAFZA
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IFZA DSO
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SAIF Zone
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Fujairah Creative City
- How it works
Meydan Free Zone License Types
MFZ follows liberal policies and offers licenses to all business sectors apart from the heavy industries. Open a company in Meydan by obtaining any one of these three licenses:
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Consulting License:
Consulting license allows a team of professionals or an expert to start a consultancy firm. Varied solutions and professional services can be offered viz: auditing, auctioning, management services, business setup, financial services, human resources and there are more in the list.
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Commercial License:
Trading activities like supply and distribution of goods, import and exports of goods are held under a commercial license.
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Media License:
Media is full of creativity and innovative intellectual capabilities. All business activities that aspire to excel as a center of creativity by adopting any form of media are apt for media license.
Advantages of Meydan Free Zone Company Formation
Prominent location
Advanced infrastructure and communication
Permission of 100% foreign ownership
Availability of Flexi-desk enables smooth functioning from anywhere.
Relaxation in corporate and personal tax
Full support of the government and authorities
Option to choose from 1500 business licenses
No limitation on repatriation of capital gains
Capital deposit is not mandatory
Highly growth-oriented and safe zone
Easy to obtain any one of the Meydan freezone licenses
Meydan freezone company formation is easy and transparent
- How it works
Meydan Pay Benefits
MFZ offers a privilege to its investors like no other freezone. Meydan Pay Benefit is a virtual wallet that is provided with IBAN. It enables the user with easy and quick payments without any worries. It facilitates hassle-free transactions that enable you to concentrate on the growth of the business. Generation of invoices becomes feasible without any procrastination.
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Step 1
Start a company in Meydan Dubai
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Step 2
Open https://www.meydanfz.ae/meydan-pay/ in the search bar and browse over the site and take the cursor on the customer portal and click on it.
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Step 3
You can obtain your business license from the customer portal of MFZ.
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Step 4
Next step involves customizing your license by setting IBAN after completing the details. Meydan Pay – Exclusive eWallet by Meydan Free Zone (meydanfz.ae)
We Work Closely With All Government Agencies
We’re always on the same page with government agencies, working together to get the job done!
Frequently Asked Questions About Emna Capital
Here are some common questions we receive about our financial solutions
The UAE allows you to set up your business in the free zone, offshore or Business setup in mainland requires a local sponsor and the license is issued by DED. Free zone companies can operate within a limited geographical region and the license is issued by particular free zone authority.
Offshore businesses in UAE allow your company to trade outside UAE as well as take efforts to safeguard your wealth and assets. Offshore companies get a certificate of incorporation and not a trade license. All types of companies can be started in UAE and more than a thousand activities are allowed by the Economic Department.
If you want to renew your Dubai commercial license, the applicant should submit the DED registered certificate with the necessary approval from the Ministry of Economy and National Media Company. If you want to renew your Dubai trade license, then you should submit a valid Ejari certificate and other lease contracts.
Emna Capital supports entrepreneurs in obtaining their business license in Dubai and timely renewal of the same.
UAE is a perfectly located biggest market of the world. It serves as a perfect destination to invest in different kinds of business. The business owners are free from taxes and they can expect exceptional logistics in all the emirates. You don’t have any capital restrictions while starting your business. Financial freedom is an attractive point that brings in employees from foreign districts.
UAE has mind-blowing business opportunities; business setup Consultant in UAE can guide you through the entire company formation process!
Being a trustworthy and professional business consultant, we ensure fast and reliable business setup in free zones. Usually, it takes around 3 to 10 days to setup your free zone company; it may differ according to the selected free zone. We make sure that all your documents are legal and concerned authorities have attested them.
If you’re not consulting a business consultant, it will take up to few weeks and it’s becomes difficult to clear all the legal procedures. So, consider Emna Capital for your free zone business setup!
To establish your LLC Company in Dubai mainland or anywhere else in UAE, you have to reserve a trade name and other necessary preliminary approvals from concerned authorities. You get an MOA from the company and also, submit the lease contract to the licensing authority. Also, find a local partner and rented office space to start your business.
This depends on your needs, as well as the needs of your business. You could set up your company as a Sole Establishment (this is the same as a Sole Proprietorship), as a Limited Liability Partnership, a Limited Liability Company, a Private Limited Company, or a Professional Services Company.
You also have the option of setting up your company on the mainland, in a free zone (only limited liability company structures are permitted here), or offshore.
A physical presence is mandatory for companies established on the mainland and in free zones. However, an offshore company is not permitted to lease office space in the UAE.
The good news is that there is affordable office space for everyone. If you want to keep your initial costs down, you could look at renting an office or any number of dedicated desks in a co-working space on the mainland. These are all fully furnished and ready to move in. In a free zone, you need to rent at least a desk in a shared office space. The added advantage is the some free zones allow you rent a flexi-desk, that is a desk you will be using for say, ten hours in a week. You still get your dedicated PO Box so that you have a unique address.
To identify the best business setup consultants in Dubai, look for the following parameters:
Expertise: Professionals and industry experts can customize your experience according to your requirements.
Local Knowledge: Consultants who have worked with the local rules and regulations and made businesses thrive are the best to go after for your needs.
Quick & Effective: Fast setup with effective and comprehensive solutions make the process hassle-free.
Emna Capital is a superbrand known for the three parameters.