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Set Up Your Company in
Meydan Free Zone
Meydan Free Zone (MFZ) is an economic free zone in the UAE, located in the heart of Dubai. Founded in 2009 under ruler’s Decree no. 5, MFZ is situated in one of Dubai’s most prestigious locations near Mohammed Bin Rashid Al Maktoum City and the Dubai Logistics Corridor.
MFZ is regarded as one of the most strategic locations for a company setup because of its close proximity to multiple and vital commercial hubs and access to significant locations, including the Dubai International Airport. MFZ is also situated near a wide range of commercial developments such as state-of-the-art facilities, parks, hospitals, schools, villa communities, sports facilities, entertainment hubs, and other established commercial industries which makes it more appealing to investors.
- 100% foreign ownership
- 3 business activities/group
- Shared desk facility with all
- business packages included
- Zero paid up share capital
- 1,500 + license activities
- 24 hours office facility
- Company documents issued within a day
- Capital repatriation without restrictions
- 0% import or re-export duties
- 0% personal income tax
- Easy bank account setup
Advantages of
Setting Up Your Business
in Dubai South
Aside from its unrivaled connectivity, here are some of the following benefits that local and foreign entrepreneurs can enjoy upon establishing a company under Dubai South:
Strategic Location
Meydan Free Zone is centrally located minutes away from Dubai’s Downtown which gives access to many import and export trade opportunities. With an attractive location near seaports, airports, and the central city, MFZ gives you the chance to choose from over 1,500 business activities.
Access to State-of-the-art Infrastructure
Meydan Free Zone boasts modernised and advanced cutting-edge infrastructures. Establishing your company here would give you access to high-speed internet connection to increase employee productivity and operate efficiently.
Digital Platform for Paperless Business Set-up
Meydan Free Zone encourages entrepreneurs for a paperless experience when setting up and running their businesses. In fact, as part of its digital transformation, its platform is designed to simplify all business processes where one can manage all of the company’s records and business documents in a single place.
Ease of Business Set-up
Meydan Free Zone is startup-friendly, as all businesses operate under a Limited Liability Company license issued by the Free Zone (LLC-FZ). This provides seamless and cost-effective startup options, including: 100 percent foreign ownership No currency exchange requirements Exemption from personal income tax MOFA-recognized business licenses with easy bank account opening Modern infrastructure with flexi-desk options, dedicated offices, and meeting rooms
Explore Monthly
Payment Plans
with Selected Banks
Convert your transactions into easy and affordable monthly instalments with our selected range of banking partners. Spend a minimum of AED 1,000 on your credit card issued from any of our participating banks and repay in easy instalments over a period of 12 months.
Steps
Make a minimum purchase of AED 1,000 using your credit card for any services provided by Rapid Zone.
Call the banking services of any of our partner banks and request to convert your purchase into an Easy Payment Plan.
Get the option of paying over 3, 6, 9 or 12 months
*General terms and conditions from the banks will be applicable.
Requirements for Obtaining a
Meydan Free Zone License
Individual Shareholder
- Application forms duly signed by the authorised signatory
- 3-year business plan
- Passport and visa copy of shareholders / directors, and manager
- CV of shareholder (s) / directors / manager
- Stamped original bank reference letter; or 6-month bank statement
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Corporate Shareholder
- Application forms duly signed by the authorised signatory
- Audited financial report
- Copy of company profile
- 3-year business plan
- Letter from the shareholding company for the appointment of a manager
- Board resolution calling for the establishment of a Meydan Free Zone company, attachment of specimen signature, passport copy & power of attorney for manager, director & secretary
- Company documents issued within a day
- Capital repatriation without restrictions
- 0% import or re-export duties
- 0% personal income tax
- Easy bank account setup
Types of Licenses Offered
by DWTC
There are various types of business licenses offered in DWTC:
Steps in Setting Up Your
Business
in Dubai South
Setting up your company in Dubai South is easy and straightforward. However, seeking advice from Creative Zone can help you minimize the time and cost needed for company formation.
Here are the general steps for establishing your company in Dubai South:
1
Choose a Legal Form for Your Business
2
The first step in setting up a business in Dubai South is to choose a legal form for your business. This can be either an LLC or a branch company.
Each has its requirements, advantages, and disadvantages, so making a careful decision is vital. Before incorporating your business in Dubai South, you must outline your business activities to evaluate what type of trade license you will get.
Prepare the Articles of Association (AOA) and Memorandum of Association (MOA)
AOAs and MOAs are the most critical documents you must prepare before establishing your business. You will need to notarize these documents through a legal company.
Depending on the type of business you are setting up, you may need to obtain additional requirements depending on your business license type.
3
Certificate of Registration
Once you have submitted all the requirements, you will receive a Certificate of Registration, which allows you to open a bank account. This certificate is typically issued within 7-14 days after the application.
4
Secure an Office Space
Once you have registered your business and obtained the necessary licenses, you will need to secure an office space in Dubai South. This can be done by leasing or constructing a new building.
5
Open a Bank Account
After providing all the relevant documents, such as your certificate of business registration, license, and lease agreement, you can now finally open a corporate bank account. This is where all the financial transactions of your company will be done.