Setting up a business in Dubai is a dream for many entrepreneurs worldwide, thanks to the emirate’s strategic location, business-friendly policies, and vibrant economy. Among the many free zones in the UAE, Meydan Free Zone stands out as a premier choice for company formation, offering a blend of affordability, flexibility, and world-class infrastructure.
This guide explores the ins and outs of Meydan Free Zone company setup in Dubai, providing actionable insights for entrepreneurs looking to establish their business in this dynamic hub.
What is Meydan Free Zone?
Meydan Free Zone, established in 2009, is a vibrant economic zone located in the heart of Dubai, near the iconic Meydan Racecourse and the luxurious Meydan Hotel. Positioned close to Downtown Dubai, Mohammed Bin Rashid Al Maktoum City, and the Dubai Logistics Corridor, it offers unparalleled connectivity to major commercial hubs, ports, and airports. This strategic location makes it an ideal choice for businesses aiming to tap into Dubai’s thriving market.
The free zone is designed to foster a business-friendly environment, offering a fully digitized platform for seamless company formation and operations. With over 2,500 business activities to choose from, Meydan Free Zone caters to a wide range of industries, from trading and consulting to media and technology. Its innovative approach, including the UAE’s only 24/7 digital free zone portal, ensures entrepreneurs can set up and manage their businesses with ease.
Why Choose Meydan Free Zone for Business Setup?
Meydan Free Zone offers a host of benefits that make it a top choice for entrepreneurs looking to establish a foothold in Dubai. Its cost-effective packages, flexible licensing options, and premium infrastructure create an enabling environment for startups and established businesses alike. Below are some key advantages of choosing Meydan Free Zone company setup in Dubai:
- 100% Foreign Ownership: Unlike mainland businesses, Meydan Free Zone allows full ownership without the need for a local sponsor.
- Tax Benefits: Enjoy 0% corporate and personal income tax, along with exemptions on import/export duties (general UAE taxes may apply outside the free zone).
- Strategic Location: Proximity to Dubai International Airport, Downtown Dubai, and major logistics corridors ensures excellent connectivity.
- Flexible Licensing: A single license can cover up to 10 business activities, with three included at no additional cost.
- Digital Efficiency: The fully digitized platform streamlines licensing, payments, and visa processes, saving time and effort.
- Networking Opportunities: Access to a vibrant community of over 83,000 businesses, fostering collaboration and growth.
- Mainland Access: With a No Objection Certificate (NOC), businesses can operate on Dubai’s mainland, expanding market reach.
These benefits make Meydan Free Zone company setup in Dubai an attractive option for entrepreneurs seeking affordability and flexibility without compromising on quality.
Types of Licenses in Meydan Free Zone
Meydan Free Zone offers three main types of licenses, each tailored to specific business activities. Understanding these licenses is crucial for selecting the right one for your business setup in Meydan Free Zone. Here’s an overview:
1. Commercial License
This license is ideal for businesses engaged in trading, retail, import/export, and distribution. It covers activities such as general trading, wholesale, and e-commerce. Note that Meydan Free Zone does not provide warehouse space, so businesses requiring storage may need to arrange external solutions.
2. Consulting License
Designed for professional services, this license suits businesses in management consulting, HR, accounting, real estate, and IT services. It’s perfect for service-based entrepreneurs who rely on expertise rather than physical products.
3. Media License
This license caters to creative industries, including advertising, digital marketing, content creation, web design, and broadcasting. It’s an excellent choice for media and communication-focused businesses looking to thrive in Dubai’s dynamic market.
The Meydan activity list includes over 2,500 business activities, allowing entrepreneurs to combine multiple activities under a single license. Up to three activities are included in the license fee, with additional activities available for a nominal cost, offering unmatched flexibility.
Meydan Free Zone License Cost
The Meydan Free Zone license cost starts at AED 12,500 to AED 35,000 is one of the most competitive in Dubai, making it an appealing choice for startups and small businesses. Costs vary based on the number of business activities, visa quotas, and office requirements. Below is a breakdown of typical costs
| Package Type | Cost (AED) | Inclusions |
|---|---|---|
| Basic License | 12,500* | 3 business activities, flexi-desk, company registration |
| Visa Package | 15,520–28,700* | License, 1–6 visas, flexi-desk, establishment card |
| Multi-Year License | Discounted rates | Multi-year validity, up to 10 activities, flexi-desk |
Additional costs may include:
- Establishment Card: AED 2,000 (first year), AED 2,200 (renewal)
- Residence Visa: AED 3,520* per applicant
- Medical Checkup: AED 450–850
- Emirates ID: Varies based on processing
For a precise cost estimate, Meydan Free Zone’s cost calculator tool provides a personalized breakdown based on your business needs. Compared to other free zones like IFZA or DMCC, Meydan’s pricing is highly competitive, especially for businesses seeking affordability.
Step-by-Step Guide to Meydan Free Zone Company Setup
Setting up a company in Meydan Free Zone is a streamlined process, typically completed within 2–5 business days. With the support of business setup consultants like Shuraa India, the process becomes even more hassle-free. Here’s a step-by-step guide to Meydan Freezone company setup:
Step 1: Choose Your Business Activity and License
Select from the extensive Meydan activity list to determine the appropriate license type (commercial, consulting, or media). Ensure the activities align with your business goals. You can include up to 10 activities under one license, with three included at no extra cost.
Step 2: Select a Company Name
Choose a unique trade name that complies with UAE regulations. Avoid using religious terms, location names, or famous brand names. Submit three name options for approval through the Meydan Free Zone portal.
Step 3: Determine Your Company Structure
Meydan Free Zone supports several legal structures:
- Free Zone Limited Liability Company (FZ-LLC): Suitable for single or multiple shareholders (up to 7).
- Sole Establishment: Ideal for solo entrepreneurs.
- Branch of an Existing Company: For businesses registered in another free zone, mainland, or abroad.
Step 4: Submit Required Documents
Prepare and submit the following documents:
- Completed application form
- Passport copies of shareholders, directors, and managers
- Three-year business plan
- CV of shareholders/directors
- Bank reference letter or six-month bank statement
- Company brochure (if applicable)
- Notarized corporate documents (for branches)
Step 5: Pay Licensing Fees
Pay the applicable fees based on your chosen package. Fees cover the license, registration, and flexi-desk facilities. Multi-year licenses offer cost savings for long-term planning.
Step 6: Sign Legal Documents
Sign the Memorandum of Association (MoA), Articles of Association (AoA), and lease agreement in the presence of Meydan Free Zone authorities. This step can often be completed remotely.
Step 7: Obtain Your License
Once approved, the Meydan Free Zone Authority issues your business license within 2–5 days. You’ll also receive a certificate of formation and lease agreement.
Step 8: Apply for Visas and Emirates ID
Apply for residence visas for shareholders, employees, or family members. The process includes medical checkups and Emirates ID registration. Meydan Free Zone allows up to 10 visas per license, with flexible upgrades.
Step 9: Open a Bank Account
Meydan Free Zone partners with over 26 local and international banks, offering seamless bank account opening with guaranteed IBANs. Consultants like Shuraa India can assist with this step to ensure compliance and efficiency.
Step 10: Start Operations
With your license, visas, and bank account in place, you’re ready to launch your business. Meydan Free Zone’s digital portal simplifies ongoing compliance, payments, and document management.
Key Requirements for Meydan Free Zone Company Setup
To ensure a smooth Meydan Free Zone company setup in Dubai, entrepreneurs must meet specific requirements:
- Minimum Shareholders: One (individual or corporate), with a maximum of seven.
- Director/Manager: A natural person must be appointed as the manager, listed on the license.
- Capital Requirements: No minimum capital is required, though some packages suggest AED 100,000 (not required to be deposited).
- Physical Presence: Shareholders are not required to be physically present; the process can be completed remotely.
- Compliance: Businesses must adhere to Anti-Money Laundering (AML) and Economic Substance Regulations (ESR).
Top meydan free zone activity list
More than 2500 activities are specifically available through Meydan FZ's many activity groups. Please be aware that the list provided below is not all-inclusive.
1. Advertising:
Advertising, specialist design activities, photographic activities, creative arts & entertainment activities are all specifically included in this category of activities.2. Education & Training:
These activity categories cover pre-primary through secondary and higher education, as well as educational support, coaching, and recreational sports activities.3. Financial:
This is a well-known activity category that specifically comprises financial intermediation, tax consulting, accounting, bookkeeping, and auditing operations. It also excludes insurance and pension funding activities.4. Holding:
The activities of holding businesses make up this highly sought-after activity group. This activity group attracts a wide range of investors because of the tax advantages and simplicity of administration.5. Human Resources:
This category of activities specifically comprises tasks related to HR. However, it comprises employment placement agencies, temporary employment agency activities, and other human resources interim activities.6. Construction of buildings:
The building of roads and railways, the building of utility projects, the building of other civil engineering projects, demolition, the installation of industrial machinery and equipment, and other specifically construction operations are all included in this group.Why Meydan Free Zone is Ideal for Startups and SMEs
Meydan Free Zone is particularly well-suited for startups, freelancers, and small to medium-sized enterprises (SMEs). Its flexi-desk options eliminate the need for a permanent office, reducing overhead costs. The ability to combine multiple activities under one license allows businesses to diversify without additional fees. Additionally, the free zone’s networking events and vibrant community provide opportunities to connect with potential partners and clients.
Role of Shuraa India in Meydan Free Zone Company Setup
Partnering with a trusted business setup consultant like Shuraa India can make company formation in Meydan Free Zone smoother and more efficient. With over 25+ years of experience, Shuraa India offers end-to-end support, from licensing and visa processing to bank account setup and legal compliance. Their services include:
- Personalized Guidance: Tailored advice based on your business goals and industry.
- Document Preparation: Assistance with gathering and notarizing required documents.
- Visa and Immigration Support: Streamlined visa applications for shareholders, employees, and families.
- Banking Solutions: Connections with top UAE banks for quick account setup.
- Cost Optimization: Budget-friendly packages to minimize setup costs.
By working with Shuraa India, you can avoid common pitfalls, such as incorrect license selection or missing documents, ensuring a hassle-free setup process.
Conclusion: Launch Your Business with Meydan Free Zone
Meydan Free Zone company setup in Dubai offers a cost-effective, flexible, and efficient solution for entrepreneurs looking to establish a presence in the UAE. With its strategic location, digitized processes, and comprehensive support services, Meydan Free Zone empowers businesses to thrive in Dubai’s dynamic economy. By partnering with Shuraa India, you can navigate the setup process with ease, ensuring compliance and cost-efficiency.
Ready to start your business journey? Contact Shuraa India for a free consultation and take the first step toward building a successful enterprise in Meydan Free Zone. With the right guidance, your dream of owning a business in Dubai can become a reality in just a few days.
