Company Registration In Meydan Freezone

Meydan Freezone is located in the heart of Dubai, and close to Dubai Downtown is one of the attractive places for Incorporation of Companies. It is considered to be cost effective compared to other freezones in Dubai. An Investor can enjoy the benefits of having 100% ownership, no taxation, no restrictions of currencies, can acquire a foreign labour, high speed internet connection and no duty on imports and exports.

Types of Licenses in Meydan Freezone

Meydan Freezone provides 3 different types of licenses based on the activity of the business:

1. Commercial License – Enables to import and export goods internationally also known as trading
2. Consulting License – Allows you to carry out the activities like management consultancy, business consultancies, HR Consultancy and professional activities
3. Media License- As the name itself says media activities along with advertising and communication services

Advantages of Meydan Free zone License

1. No need of a physical office as the licenses are issued on flexi desks and the cost are very nominal
2. Premium location for Company Setup
3. 100% ownership to expats and corporate shareholders and no involvement of the UAE National
4. Extremely secure business environment
5. Location is near to Dubai Logistic corridor
6. Regulated environment
7. Prices for company setup are affordable

Documents Required for Business Setup License in Meydan Freezone

For individual shareholding structure

1. Application forms duly signed by the authorized signatory
2. 3 years Business Plan
3. Passport copy of shareholders/manager/ director
4. CV of shareholder/ manager/director
5. Original bank Reference letter or 6 months bank statements to be stamped by the bank

For corporate shareholding structure or branch

1. Application forms duly signed by the authorized signatory
2. Audited financial report
3. Company Brochure/Profile
4. 3 years business plan
5. Letter from the shareholding company for appointment of manager in the license
6. Board resolution to setup the representative company or branch company also needs to mention the details as to who will be the manager and director in the license duly signed and stamped by the parent company
7. POA of the manager/Director/Secretary
8. Certificate of Registration/Certificate of Incorporation/Good Standing certificate/MOA of parent company all to be attested
9. CV of manager/director
10. Proof of address (e.g. Lease agreement / utility bill or title deed)

Cost for License of Business Setup in Meydan

FZ (Sole Establishment)/ LLC-FZ (Limited Liability Company)/ Branch or Representative Office
New application fee– AED 545/- to be paid upon receiving the application form and all documents (non-refundable)
Registration fee– AED 10,520/- (one-off payment)
Trade License fee- AED 10,520/- (This covers one activity only) – renewable every year. Additional activity AED 5,270/- per activity
Virtual office fee- AED 6,320 /- (We will provide you the details of time slots available later) – renewable every year
Refundable Deposit- AED 10,000/- refundable deposit – to be refunded upon closure of the company
Establishment Card (for visa purposes)– AED 3,044/- -made after issuance of license by visa section

This blog is written by Ms. Florine, Director (Client Relationship) at Flyingcolour Business Setup, Accounting & Tax Services in Dubai & across UAE . Feel free to call us for more info regarding forming company in Meydan Freezone in Dubai or anywhere across UAE. You can also send your inquiry to info[at]flyingcolour[dot]com or call +971 4 4542366.