When starting a business in the UAE, entrepreneurs have two standard options.
Option One: you can establish your business anywhere in the mainland. This approach allows you to trade freely with the local market and take on government contracts.
Option Two: You can opt to start your business in UAE free zone. With this option, you cannot take on government work, and you must use the services of a local agent to trade with a local market. However, the many benefits afforded to free zone businesses more than make up for these minor inconveniences.
And when you start your free zone business at Meydan Free Zone, you can be up and running in no time. Our team are expert in business setup in Dubai and can help you with licensing visas and much more.
In this article, we’ll cover the many advantages of operating from a UAE free zone, including:
The benefits of starting a company in Meydan Free Zone
Let’s start with the many benefits of doing business in Dubai. For one, you’ll benefit from an incredibly strategic location at the heart of the Middle East – primed to trade with Europe, Asia, and Africa.
Additionally, the UAE has a 0% tax rate on personal incomes.
The additional benefits of the Meydan Free Zone company setup are as follows:
- Premier location
Being at one of the most sought-after centrally located commercial addresses in Dubai puts you minutes away from major pulse points and the city’s vital commercial and financial hubs. Meydan Free Zone is 8 minutes away from Downtown Dubai.
- Easy start up
Benefit from a smooth registration process with access to priority government relations assistance and broad support services tailored to your business needs, all from a click of a button on an award-winning digital platform.
- A great place to live and work
Take advantage of the unique opportunity to live, work & play in Meydan’s premium mixed-use developments offering innovative office spaces that encourage business growth, promote family living, and a bustling neighborhood with the latest attractions and malls.
Meydan Free Zone company setup costs
Meydan Free Zone is the only authority in UAE that offers Pay as you go business model where you can start offers a range of packages, from simple licensing options at AED 12,500 and then build your business up to those inclusive of the cost of visas, coworking space, business premises, utilities, and more. The Ministry of Foreign Affairs in Dubai recognises all our business licenses.
So, while setting up in a free zone is often the most affordable way to start a business in the UAE, the total cost of your package will depend on your requirements. For example, a solo entrepreneur operating under a single license will be less expensive than a large business requiring premises and multiple visas.
For a detailed and personalised breakdown of the costs involved in starting your business, get in touch with the team at Meydan Free Zone.
Steps to get a Meydan Free Zone company license
When you start your business with Meydan Free Zone, you get the benefit of our expertise so you can go into the company formation process with total confidence. Your dedicated account contact will guide you through the following company formation process.
We’ll start by helping you choose and register your company name. The UAE has a set of naming parameters to which you’ll need to stick. But don’t worry; all are straightforward and largely common sense. Essentially, you should avoid blasphemous and offensive language and the names of well-known organisations. We will also cover a few more rules in your initial consultation.
At this point, we’ll also help you align your chosen business activities to the approved list published by the UAE’s various Municipalities and Departments of Economic Development. It is important that you list every activity that you intend to undertake on your business license.
Now we can oversee your UAE Trade License application. As part of this process, you’ll be asked to provide details about your business and its shareholders and proof of address and identification. The application is completed on an online portal. Once your MOFA recognised license is issued, the next step would be your residency or investor visa.
We can help you with your visa application too. As well as submitting documentation, once your e-visa is issued, you will need to undergo a fitness test, blood test, and chest x-ray; the medical assistance team can help you with the appointments, along with a driver to help you with the whole process. Once your visa is approved, and you get your Emirates ID, You can also sponsor the visas of others, such as your dependent spouse, Children, parents, your spouse, and any domestic staff.
Finally, if you’re getting paid in the UAE, you’ll need a UAE business bank account. Meydan Free Zone can help with this step, too, advising on the right bank for your circumstances. They have partnered with multiple local and international banks. All Relationship Managers sit inside the free zone to help you with immediate assistance.
Take your business to new heights at Meydan Free Zone
Meydan Free Zone is a thriving, centrally located economic district with one of the most prestigious business addresses in the region.
We offer our businesses a host of innovative investment and lifestyle benefits in a secure, regulated environment that empowers productivity. And we can help you join them too.
Our expert team can assist the entire company formation journey, from registering your company name to managing your license and visa applications.