Set Up your company in Dubai Meydan free zone (MFZ)
Meydan Free Zone (MFZ) is an economic free zone situated in the heart of Dubai, UAE. Established in 2009 under ruler’s Decree no. 5, MFZ occupies a prime location near Mohammed Bin Rashid Al Maktoum City and the Dubai Logistics Corridor.
Known for its strategic positioning, MFZ offers proximity to multiple vital commercial hubs and key locations, including the Dubai International Airport. Its adjacency to various commercial developments such as state-of-the-art facilities, parks, hospitals, schools, villa communities, sports facilities, entertainment hubs, and established commercial industries makes it a highly attractive destination for investors.
Benefits of setting up a business in Meydan Free Zone
Strategic Location
Meydan Free Zone is conveniently situated just minutes away from Dubai’s Downtown, providing easy access to numerous import and export trade opportunities. Its prime location near seaports, airports, and the central city offers a plethora of choices, with over 1,500 business activities to choose from.
Access to top-notch infrastructure
Meydan Free Zone features modern and advanced cutting-edge infrastructures. Setting up your company here provides access to high-speed internet connections, enhancing employee productivity and operational efficiency.
Digitalizing of Business Setup
Meydan Free Zone promotes a paperless experience for entrepreneurs during the setup and operation of their businesses. As part of its digital transformation, the platform is designed to streamline all business processes, allowing for centralized management of the company’s records and business documents in one place.
Ease of Business Setup
Meydan Free Zone is startup-friendly, with all businesses operating under a Limited Liability Company license issued by the Free Zone (LLC-FZ). This offers 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
Type of Licenses Offered in Meydan Free Zone
After successfully establishing your company, you can proceed to apply for a free zone license. Our tailored approach to licensing and related procedures, combined with our exceptional location and unparalleled operational standards, ensures that the setup process with us is effortless, uncomplicated, and adaptable to your needs.
Media License
Enables businesses to operate and conduct activities related to advertising, marketing, web design, and printing.
Service & Consultancy License
Service and Consultancy Licenses encompass professional services such as business and management consulting, accounting, real estate consultancy, human resources, technical services, and other skill-based and talent-dependent professional services.
Commercial License
Enables businesses to partake in general trading, retail services, and import-export activities. It's important to note that Meydan Free Zone doesn't provide warehouse space for businesses involved in processing or storing physical products and materials.
Requirements for obtaining a Meydan Free Zone License
Completed application forms signed by the authorized signatory
3-year business plan Passport and visa copies of shareholders/directors and manager
Curriculum vitae (CV) of shareholders/directors/manager
Original bank reference letter with stamp; or a 6-month bank statement
YABS UAE has multiple options of doing transactions with their customers. Effortlessly transform your transactions into convenient monthly payment options, utilizing our carefully curated selection of banking partners.
Process
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Make secure purchases for any YABS issued services using your credit card.
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Reach out to the banking services and inquire about the possibility of converting your purchase into an Easy Payment Plan.
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Choose from flexible payment terms of months.
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The standard terms and conditions of the banks will be in effect.
*Standard fees and terms of the banking partner shall be followed.
Steps in Setting Up Your Business in Medan Free Zone
Meydan Free Zone provides over 1,500 business activities. It's crucial to determine the category in which your business activity falls to fully leverage the benefits and incentives available with your trade license. You have the option to select up to three business activities under one license.
Choose Name of the Company
It's advisable to have at least three company names ready before registration to avoid delays in case your first choice is already registered. Additionally, ensure that your chosen names do not contain offensive or blasphemous language as it is not permitted.
Apply for Trade License
Collect and submit all the documents for approval of Trade License.
Apply for Visa
A visa is required before commencing work in the UAE. YABS UAE can handle all your visa requirements and processes, including those for your employees or family members, ensuring a smooth and prompt start to your business activities .
Open a Business Bank Account
Opening a business bank account is essential for managing transactions and establishing credibility with clients and partners. YABS UAE ensures a smooth and straightforward process for you.