Our company actively collaborates with Meydan – one of the leading free zones in the UAE. In this section, you will find detailed information about the key benefits and opportunities that Meydan offers for your business development.
| Name and Website |
Meydan Free Zone; https://www.meydanfz.ae/ |
|---|---|
| General Information |
Meydan is a contemporary free zone in the heart of Dubai, established in 2009. It is developing along with several real estate, sports, and entertainment projects implemented under the leadership of the Prime Minister of the UAE and Ruler of Dubai, Mohammed bin Rashid Al Maktoum. This free zone offers competitive prices for company formation and a full range of related business services. |
| Specialisation |
Meydan Free Zone is a multipurpose free zone which provides over 2,500 business activities. |
| Authority |
Meydan City Corporation |
| Company Regulations |
Meydan Free Zone Companies and Licensing Regulations 2022 |
| Types of Licenses |
A standard cost license can include up to three activities. |
| Activities outside the Free Zone |
A free zone company may obtain a permit to operate in the Dubai mainland issued by Dubai’s Department of Economy and Tourism. |
| Forms of Companies |
|
| Company Name |
The company name requires a preliminary check and reservation. It cannot be identical to other companies’ names in the free zone. |
| Share Capital |
There is no minimum share capital requirement. The recommended amount is AED 100,000. Foreign shareholders may own 100% of the company’s shares. |
| Director and General Manager |
A company must have at least one director and general manager. The general manager is responsible for the company’s day-to-day operations and represents it before the authorities. |
| Physical Office |
A company must have a registered address within the free zone to receive official notices and correspondence. The free zone offers co-working shared and dedicated desks as a minimum physical office option. Various office facilities are available to accommodate companies and staff and a choice of high-end residences. |
| Financial Statements and Audit |
Companies must prepare and audit financial statements. A company must submit its audited financial statements upon the regulator’s request within 30 days. |
| Taxation of Profits |
Meydan free zone companies are subject to the UAE federal legislation on corporate taxation. Companies must register for corporate tax with the Federal Tax Authority and file tax returns. Companies that are “qualifying free zone persons” are entitled to benefit from a 0% corporate tax rate. |
| Annual Renewal |
A company’s annual expenses usually include:
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| Re-domiciliation |
The free zone allows inward re-domiciliation. A foreign company may apply for re-domiciliation and continue as a free zone company in Meydan. |