How to start a business in Meydan Free Zone

You have come across this blog because you are thinking about a Meydan Free Zone business setup in Dubai, right? Well, we guessed it right! And to be honest, this can be the best time to invest in Meydan free zone company formation. Nowadays, as a leading business setup company in Dubai, Make My Firm has seen the high demand for Meydan free zone business setup. With the growing demand for business setup in Dubai, Make My Firm’s team assists everyone with their expert business consultation. We are paving the way for business setup in Dubai, company formation, mainland business setup, etc.

Meydan Free Zone business setup in Dubai is in demand due to its many benefits, such as tax exemption, full ownership rights, lack of currency restrictions, easier business processes, and many more. Hence, all these reasons have increased the demand for Meydan Free Zone company setup in Dubai.

This guide by Make My Firm assists you with your Meydan Free Zone business setup in Dubai. As well as we will also be sharing the thorough process of Meydan Free Zone business setup and different packages for the same.

As you are thinking of Meydan Free Zone business setup, you can choose your business activity from the categories. There are about 1500 business activities you can choose from in Meydan Free Zone. Here are three license types that cover almost all 1500 business activities. However, you can ask expert business setup consultants and figure out which business you want to start.

1. Media: If you want to start a business that engages in the creative field, media, advertising, marketing, communication, web design, or related fields, then you are required to have this license.
2. Service: You require this licence when you are thinking of business setups such as professional services, consulting, expert advice, and technical and professional support functions, etc.
3. Commercial: If you want to start an organization such as general trading, import, export, retail, wholesale, distribution, and related ventures, then you need to have a commercial license.

Let’s start with a step-by-step guide to business setup in Meydan Free Zone.

For your Meydan Free Zone company formation in Dubai, you have to follow this thorough guide. It will help you at every step of your business setup.

1. Choose Business Activity: Before a Meydan Free Zone business setup in Dubai, you have to select which business activity you will start. Accordingly, you can start the process. As you select your business activity, you have to research which niche it falls into. Based on that, you can apply for a license. There are various benefits for all different business activities in the Meydan Free Zone. The biggest benefit is that you can select up to 3 business activities under one license. This saves you a huge amount of capital.
2. Choose Your Company’s Name: Now, you have to select a relevant business name for your Meydan Free Zone company formation in Dubai. While selecting a business name, you have to take care of a few things, such as the name must not be selected by anyone else, it must not harm anyone’s feelings, it must not be harmful to any religion, and it must be relevant to your business. Additionally, you have to be a bit faster in selecting your business name, as it may happen that someone has selected your desired business name before you register it.
3. Apply for a Trade License: As you have selected your business activity, business name, now is the step of opting for a trade license. As mentioned above, first select under which category your Meydan Free Zone business falls. As per that, now you have to apply for a trade license. The process of trade license covers the process of submitting a form provided by Meydan Free Zone. Below, we are listing the list of necessary documents.

•  Required documents:

1. Passport copies of shareholders and directors
2. Business plan
3. Memorandum of Association
4. Proof of Initial Approval for business activity
5. Lease agreement of office space in Meydan Free Zone

• If you are thinking of being an individual shareholder, then you require these documents for your trade license submission.

1. Application forms duly signed by the authorized signatory
2. 3-year business plan
3. Passport and visa copies of shareholders/directors, and managers
4. CV of shareholder(s)/directors/manager
5. Stamped original bank reference letter or a 6-month bank statement

• Now, here is a list of documents required for a corporate shareholder

1. Application forms duly signed by the authorized signatory
2. Audited financial report
3. Copy of company profile
4. 3-year business plan
5. Letter from the shareholding company for the appointment of a manager
6. 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
7. Attested certificate of registration/certificate of incorporation/certificate of good standing of the mother company, memorandum & articles of association of the parent company

As you submit all these documents to the Meydan Free Zone authority, they review your application, initiate some background checks, and do their usual inspection.

• Payment of Fees: After submitting all documents, you will be required to pay the fees for your trade license. Once this process is completed, you have to sign the Memorandum of Association and other legal documents.
• Issuance of License: Well, congratulations. As you have reached this step, your Meydan Free Zone business setup process is completed. Now, sit back, build your business strategies, and wait for your license to arrive.

This is a step-by-step guide for your Meydan free zone company formation in Dubai.

Various packages for a Meydan Free Zone Company Setup in Dubai.

There are 4 various packages for a Meydan Free Zone business setup. Let’s explore them together.

1. Package 1: This package comes with zero visa packages. You can choose up to 3 business activities as you opt for this package. Additionally, this is an LLC-FZ trade license type. In this, you will get the additional benefit of a lease agreement as well.
2. Package 2: In package 2, you get the LLC-FZ trade license, three business activities, and a single visa allocation. And just like package 1 in package 2, you also get a lease agreement.
3. Package 3: You will get a lease agreement and three business activities, and the additional benefit will be that you are allotted three visas under this Package 3.
4. Package 4: This package will offer the maximum benefits at a cost-effective price. You will get an LLC-FZ trade license, three business activities, a lease agreement, and six visas. This proves to be one of the best packages among the other 3.

Why should you choose Make My Firm for your Meydan Free Zone business setup in Dubai?

Make My Firm has been leading the business setup industry for more than a decade. They have a team of expert business setup consultants who guide clients to the right path. Additionally, opting for them for your Meydan Free Zone company formation, you can leverage their years of expertise and experience, which can act as a boost for your business.

Conclusion

Choosing Make My Firm for your Meydan Free Zone business setup in Dubai is the best decision. We assist you from start to end and hold your hand forever. You can reach out for our expert business setup consultation in Dubai by calling us, 971 52 673 9777, and we will be there for you to assist with your queries.