Company Setup

Company Setup in Meydan Free Zone

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Meydan Free Zone is a new free zone, established in 2018, and is located within the Dubai Racing Club premises, which is home to the world-famous Meydan Racecourse. The free zone is designed to promote innovation, creativity, and entrepreneurship, with a particular focus on the technology, sports, and events industries.

A company setup in Meydan Free Zone offers a range of benefits to businesses, including 100% foreign ownership, zero personal or corporate tax, full repatriation of profits, and no currency restrictions. The free zone also provides access to state-of-the-art facilities and infrastructure, including office spaces, warehouses, and manufacturing units.

Overall, Meydan Free Zone is an attractive location for businesses looking to set up in Dubai, offering a range of benefits and opportunities to help them succeed in a competitive global market, with a particular focus on the sports and events industries.

License offered in Meydan Free Zone

Meydan Free Zone (MFZ) offers several types of licenses for businesses to operate in the free zone, including:

  • Commercial license
  • Service license
  • Industrial license
  • General trading license
  • E-commerce license
  • Freelancer permit

Meydan Free Zone also offers a dual license, which allows companies to operate both in the free zone and outside the free zone under the same license. This is particularly useful for businesses that want to have a presence both in Dubai and internationally.

In addition to these licenses, Meydan Free Zone also offers a variety of sub-licenses that allow companies to operate in specific industries, such as sports, media, and events.

The Documents Required For Company Setup in Meydan Free Zone

For a company setup in Meydan Free Zone (MFZ), the following documents are generally required:

  • Business plan
  • Passport copies
  • passport size photo
  • Residence visa and EID for UAE residence

It is important to note that the exact documents required may vary depending on the type of legal entity and the nature of the business activity. It is advisable to consult with a professional consultant or a registered agent to ensure that all necessary documents are prepared and submitted correctly.

Advantages Of Company Setup In Meydan Free Zone

Set up a company in Meydan Free Zone (MFZ) offers several advantages, which include:

  1. Prime Location: Meydan Free Zone’s strategic positioning places it at the core of Dubai’s bustling activity, with easy access to major transportation hubs like Dubai International Airport and seaports. Its central locale facilitates connectivity to global markets, making it an optimal choice for businesses eyeing international expansion.
  2. Cutting-edge Infrastructure: Boasting modern office spaces, warehouses, and commercial facilities outfitted with top-notch technology, Meydan Free Zone provides businesses with an ideal setting to operate efficiently and innovate.
  3. Efficient Setup Process: Businesses benefit from a streamlined setup procedure, with Meydan Free Zone offering comprehensive support throughout the licensing, visa, and permit acquisition stages, ensuring a hassle-free establishment process.
  4. Tax Advantages: The free zone’s attractive tax framework, featuring 0% corporate and personal income tax, along with zero import and export duties, contributes to the cost-effectiveness of doing business within its confines.
  5. Industry Diversity: Meydan Free Zone caters to a wide spectrum of industries, fostering collaboration and innovation among businesses. From technology and healthcare to logistics and manufacturing, the free zone provides an environment conducive to growth and expansion.
  6. Support Services: Beyond setup assistance, Meydan Free Zone offers a suite of support services encompassing banking, legal, and consulting, as well as networking opportunities and industry-specific programs, enhancing the success potential of its occupants.
  7. World-Class Amenities: Complementing its business offerings are world-class facilities such as the Meydan Racecourse, Meydan Hotel, and Meydan Golf, elevating the overall experience for residents and businesses alike.

Overall, company setup in Meydan Free Zone provides an attractive option for foreign investors looking to establish a business in Dubai due to its strategic location, tax benefits, business-friendly environment, and range of services.

Frequently Asked Questions

Meydan Free Zone welcomes various types of businesses, including trading companies, service providers, and businesses in the technology, sports, and entertainment sectors.

You will need to renew your business license annually, comply with tax regulations, maintain proper financial records, and submit any required reports to the authorities.

Yes, you can have multiple shareholders, and the shareholding structure can be customized to suit your business requirements.

Yes, Meydan Free Zone companies are allowed to conduct business both within the UAE and internationally.

Meydan Free Zone welcomes various types of businesses, including trading companies, service providers, and businesses in the technology, sports, and entertainment sectors.

Yes, you will need a physical office space to set up your business in Meydan Free Zone. The zone provides various office options to suit different business needs.

No, there are no restrictions on hiring foreign employees for your Meydan Free Zone company.