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Meydan Free Zone

Meydan Free Zone is ideally located in the heart of Dubai. It is one of the free zones that offer cost-effective business setup solutions in Dubai. It encourages a lot of investors from all over the world for business setup and offers full free zone incentives such as 100% ownership, no taxation, no currency restrictions, the possibility of hiring foreign labour, high-speed internet connectivity, and no tax on import and export.

The Meydan Free Zone offers only a Flexi desk option, which is very convenient for those who do not require a permanent physical office for their business.

Meydan Free Zone also includes a wide range of commercial developments, sports, hotels, entertainment, and fun facilities, a series of state-of-the-art business parks, hospitals, schools, residential villa communities, business towers with luxury waterfront developments, and shopping destinations.

 

Advantages of company formation in Meydan Free Zone

  • Easy to set up business in Meydan free zone
  • Investors can operate their business through a Flexi desk.
  • Premium location for your business setup.
  • Guaranteed 100% repatriation of invested capital and profits gained.
  • Guaranteed 100% ownership of the business both for individuals and corporate entities.
  • Extremely secure business environment.
  • Seamless and efficient licensing and registration procedure.
  • Secure regulated environment.
  • Very competent licensing and registration procedure.

Meydan Free Zone offers company formation and other exclusive offers such as:

  • Issuing of the required license
  • Permitting of legal entities
  • Shareholders structure and procedure
  • Shares Structure
  • Auditing process
  • Attainment of facilities
  • Capital investment
  • Organizational structure
  • Visa matters
  • State government laws and regulations in the Meydan free zone
  • Driving license issuance and other such services

 

Steps to set up Company in Meydan Free Zone

  • Choose your business activity
  • Choose your company name
  • Apply for your trade license (documents required- passport copy, digital passport size photo, residence visa copy if applicable, Emirates ID copy if applicable)
  • Applying for your visa

 

Cost of Meydan Free Zone License

Business Activity
License Package Starting AED 12,500 AED 14,350 AED 18,050
No. of activities Up to 3 license activities Up to 3 license activities Up to 3 license activities
No. of Visa 1 visa 3 visas

* The fees stated above and in this article are purely based on the information available on the official websites/sources of the concerned government authority and from publicly available sources. You can anticipate changes in future in the costs mentioned. If you re taking any decisions based on the info provided in this article, kindly recheck with the official authorities/sources before taking any decision. Spectrum is not responsible for any changes in the costs mentioned above.

 

Other key points to keep in mind:

  • Shares: No bearer shares will be allowed. All shares must be fully paid when allocated. No different classes of shares are allowed in Meydan free zone company.
  • Share capital: The minimum share capital for a new Company and Subsidiary is AED 100,000 per company. Branches are exempt from the requirement of additional share capital.
  • Shareholders: A maximum of 50 members are needed for a Meydan Company. A minimum of one director is required.
  • Directors: A maximum of 4 directors are allowed.
  • Audit: The Meydan free zone company shall appoint an auditor and file annual accounts as may be requested by the authorities.
  • Price Point: Additional activities can be availed on request for AED 1000 per activity.

 

Corporate tax applicability to the companies in Meydan Free Zone:

Corporate tax law is going to be applicable for all the companies registered in UAE including the free zones in UAE. The UAE Corporate tax is going to be effective for the financial year beginning on or after 1 June 2023 for the businesses in UAE. Corporate tax will be levied at zero percent on the taxable income (adjusted net profit) of the businesses in the free zones as long as they comply with all the regulations of the respective free zone and do not do any business with the mainland companies, otherwise there is a possibility of levying 9% corporate tax on the taxable income (adjusted net profit) in excess of AED 375,000. Hence companies in the Free Zones need to make sure that they are complying with all the regulations of the free zone and do not do any business with the mainland entities to enjoy the benefit of zero percentage of UAE corporate tax.

 

{NOTE: Kindly note that the authenticity of this article is limited to the day of publishing this blog. As policies and rules pertaining to each free zone keeps changing from time to time based on the necessity of the respective authority, it is hereby advised you to check the website of the concerned free zone directly to get the latest update on the same. We do not assume any liability if you have taken any decision based on the information provided in the article. We have ensured that the presented information to the visitor is legible to the maximum extent possible so that all the information is available in one page, at one go. Thank you.}

 

DTAA between UAE & India

How can Spectrum help you set up a business in Meydan Free Zone?

Spectrum provides an easy and simple start-up process for companies seeking to set up offices in Meydan Free Zone. Spectrum’s dedicated team will guide you through the process, answer your questions, provide the necessary forms, and serve as your primary point of contact to support you through the whole process.

Spectrum is an expert firm in the Company Formation and Company Liquidation process. Our passion and heart lie in serving the clients and we aim at the utmost client’s satisfaction. We are registered Auditors under the Ministry of Economy UAE and also registered Tax Agent from Federal Tax Agency UAE, Dubai providing dedicated Audit, Accounting, Tax services and various Business Advisory Services complying regulatory requirements.

Call us today for any kind of assistance at +971 4 2699329 or email us at [email protected] to get all your queries addressed. Spectrum is your partner in your success.

 

 

AUTHOR

Amrutha M

Accounts Executive
 



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balaram

Balaram Vuchidi

Managing Director

+971 50 9866 466 [email protected]
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