Dubai’s free zones are among the world’s most prominent investment destinations, providing an ideal business environment for investors and entrepreneurs. Among these free zones, Meydan stands out as a vibrant hub that supports innovation and trade. Establishing a company in Meydan Free Zone offers multiple benefits, including tax exemptions and low fees, in addition to easy access to local and international markets. The area enjoys a strategic location, which enhances opportunities for growth and expansion. Meydan also offers advanced infrastructure and strong government support, making it an ideal choice for investors seeking to build their projects and achieve their business goals. In this article, we will discuss the steps to establish a company in Meydan Free Zone and the most important benefits it offers.

Steps to establish a company in the Dubai Free Zone Meydan

Establishing a company in the Dubai Free Zone Meydan requires following a set of basic steps. Here are the detailed steps:

1. Determine the type of company: Determine the type of company you want to establish (such as a limited liability company, a branch of a foreign company, or a sole proprietorship) and the business activities you will conduct.
2. Choosing a business name: Choose a name that complies with local laws and reflects the nature of your business. Make sure the name is not already in use and that it complies with approved naming standards.
3. Registration and Licensing : Submit your business license application from Meydan Free Zone. This includes submitting the required documents, such as passport and visas for founders, and company details.
4. Prepare legal documents: Prepare the required legal documents, such as the articles of incorporation and bylaws of the company. You may need to consult an attorney to ensure compliance with all local laws.
5. Open a bank account: Open a business bank account in the name of the company. You will need to deposit the minimum required capital, depending on the type of company.
6. Office furnishing: Securing office space within the Meydan Free Zone, whether it is a physical office or a co-working space. You can benefit from the facilities and services provided by the free zone.
7. Obtaining Visas: Apply for work and residence visas for founders and employees, as needed. The free zone can provide assistance with this process.
8. Tax Registration: If you plan to engage in business activities that require it, make sure to register for Value Added Tax (VAT) purposes if your annual income exceeds the minimum required threshold.
9. Starting your business: After completing all the legal procedures and obtaining the license, you can start your business operations.

Meydan Free Zone is an excellent choice for investors, offering a comfortable business environment and strong government support, making it easy to set up businesses.

Documents required to establish a company in the Dubai Free Zone Meydan

To set up a company in Dubai Meydan Free Zone, you need to submit a set of basic documents. Here is a list of the required documents:

1. Application form: Company establishment application form, which can be obtained from the Meydan Free Zone Administration.
2. Copy of Passport: Valid passport for founders, directors and any other investors. Pages containing personal data and photo ID must be clear.
3. Headshots: Recent headshots of the founders and directors, usually a set number (e.g. 2-3 per person).
4. Letter of Intent: A letter stating the intention to establish the company, including the business activity that will be carried out.
5. Office Address Proof: Proof that the office has an address within the free zone, either through a lease or an office services agreement.
6. Articles of Association: The form of the Articles of Association and the Memorandum of Association must be prepared in accordance with local laws.
7. Business Details: A detailed description of the business activities the company will undertake, including specific business activities.
8. Letter from the bank: You may need to provide a letter from the bank stating the status of the bank account if you have previously opened an account.
9. Additional Documents: The Free Zone Administration may request additional documents such as criminal record or academic certificates, depending on the type of company and activity.

Make sure to check the Dubai Free Zone Meydan requirements, as requirements may change or differ depending on the type of company and its activity. It is always best to consult a specialized company such as Atqan to help facilitate the process and ensure the correct documentation is submitted.

How long does it take to set up a company in Dubai Free Zone Meydan?

Establishing a company in Dubai Free Zone Meydan can usually take from 1 to 4 weeks, depending on several factors such as:

1. Speed ​​of document preparation: If all required documents are complete and ready, the procedures can be completed faster.
2. Company Type: Some types may require additional procedures or special reviews, which may affect the time taken.
3. Response from stakeholders: The speed of response from the free zone administration and other government institutions also affects the time taken.
4. Availability of services: If you use the services of specialized consultants or companies such as Atqan, you may be able to speed up the process further thanks to their experience in dealing with the procedures.

In general, it is advisable to plan well and ensure that all required documents are submitted correctly to reduce the time taken to establish the company.

Advantages of establishing a company in the Dubai Free Zone Meydan

Setting up a company in Dubai Meydan Free Zone comes with many advantages that make it an attractive option for investors and businessmen. Here are some of these advantages:

1. Tax exemptions: Companies in free zones enjoy tax exemptions, including not paying corporate income tax for long periods of up to 50 years.
2. Full ownership: Allows investors to own 100% of the company’s shares without the need for a local partner, providing greater freedom to manage the business.
3. Ease of procedures: There are simplified and quick establishment procedures, making it easy for investors to start their business activities without complications.
4. Advanced Infrastructure : Meydan Free Zone has a modern infrastructure including offices, warehouses, and support facilities, which facilitates business operations.
5. Access to global markets: The strategic location of the free zone enables investors to easily access local and international markets.
6. Diversity of activities: Companies in the free zone can engage in a wide range of business activities, allowing investors to choose the activity that suits them.
7. Government Support: The UAE government provides strong support to investors in free zones, including legal and administrative facilities.
8. Ease of obtaining visas: Free zones provide facilities for obtaining work and residence visas for investors and employees.
9. Stimulating business environment: Meydan Free Zone brings together entrepreneurs and investors, enhancing opportunities for collaboration and business partnerships. These positives make Meydan Free Zone an ideal choice for investors looking to establish their companies in a stimulating and flexible business environment.

Etqan Company Services for Establishing a Company in the Dubai Free Zone Meydan

Atqan Company offers a comprehensive range of services to facilitate the process of setting up companies in the Dubai Free Zone Meydan. Here are some of the key services it provides:

1. Legal Consultations: Providing specialized legal advice on investment and trade laws in the UAE, helping investors understand the legal requirements.
2. Document preparation: Assisting clients in preparing all documents necessary for company establishment, such as the articles of incorporation and the articles of association.
3. Company Registration: Facilitating the process of registering a company in the free zone, including submitting applications and following up on procedures with the relevant authorities.
4. Obtaining licenses: Supporting customers in obtaining the necessary business licenses, whether general or specific to the business activity.
5. Opening a Bank Account: Helping customers easily open a business bank account, and providing advice on available banking options.
6. Work and Residence Visas: Providing support in obtaining work and residence visas for founders and employees.
7. Office Services: Providing options for furnished offices or shared spaces, making it easier for investors to start their businesses without the need for large investments in infrastructure.
8. Guidance and advice in choosing the activity: Helping investors in choosing the appropriate business activities according to their vision and objectives.
9. Support in expansion and growth: Providing advice on how to expand the business and guiding clients in achieving their business goals. Atqan is a trusted partner for investors seeking to establish their companies in the Dubai Free Zone, Meydan, providing them with the comprehensive support and expertise needed to achieve success.

In conclusion, establishing a company in the Dubai Meydan Free Zone is a strategic step towards achieving success in a competitive business environment. The zone offers many advantages, such as tax exemptions and full ownership, in addition to advanced infrastructure and integrated support services. These factors contribute to creating a favorable environment for investors and entrepreneurs, which enhances opportunities for innovation and growth. Moreover, the ease of procedures and the assistance available from specialized companies such as Atqan make the process of incorporation smooth and easy. With the increasing business opportunities in Dubai, the Meydan Free Zone represents an attractive option for investors seeking to expand their business and benefit from the UAE and international market.

Frequently asked questions about establishing a company in the free zone