If you are researching how to start a business in Dubai, you will know that there are two common ways to start a business here.
The first is to settle in the continental United Arab Emirates. This allows you to trade from anywhere in the country as well as some other benefits like the ability to take on government duties.
However, the second most profitable option is to open your business in Dubai for free. If you choose to take this approach, you will need to establish yourself in a designated zone and trade with the UAE local market through a service representative.
Free zone businesses also benefit from zero currency restrictions, profit and capital repatriation, and 100% customs taxes Liberation. All of this, of course, is on top of the 0% tax rate on private and corporate income in the United Arab Emirates.
What is the Meydan Free Zone?
- What are the advantages of starting a business in the Meydan Free Zone?
- Steps to start a company in the Meydan Free Zone
- Costs for starting a company in the Meydan Free Zone
- What is the Meydan Free Zone?
The Meydan Free Zone is a designated economic zone in Dubai. It offers easy access to the emirate’s logistics corridor as well as the surrounding air and seaports. It provides its residents with access to world-class business facilities, as well as business setup assistance and more.
In the Meydan Free Zone Business Center, near the city of Mohammed Bin Rashid Al Maktoum, you will also find one of the most renowned addresses in Dubai.
What are the advantages of starting a business in the Meydan Free Zone? in Meydan free zone. On the one hand, you benefit from a privileged location, only a few minutes away from the most important commercial and financial centers of Dubai.
And not everything is business here. Take advantage of the unique opportunity to live and work in the high-quality mixed uses of the free zone.
Steps to starting a business in the Meydan Free Zone
Setting up a Meydan Free Zone only requires three simple steps. After a short and non-binding consultation, we will help you to fully understand the process of setting up a company and process all inquiries on your behalf.
Step 1: Tell us about your business activities.
We need to know exactly what type of business you want to do. Once we are clear about this, we can advise you on the license and type of configuration that best suits your company.
Step 2 – Select and register your company name
Next, we will help you select and register your company name. Most importantly, your name must not be similar to any other company and not be offensive or blasphemous.
Step 3: Submit your license application.
Apply for your license now. When submitting your application, you will be required to provide a completed form, a summary of your business activity, and some or all of the following documents:
identity and address Proof of owner
Copies of passports for shareholders and directors
Copy of confirmation of company name
Articles of association (MOA)
Articles of association (AOA)
What does it cost to start a business in Meydan Free Zone?
It depends on the size of your company and the type of license package you need.