Guide to Setting Up a Company in Meydan Free Zone, Dubai: 2024

 Dubai, the City of Gold, is inviting young and ambitious people to start their businesses due to its friendly environment and advantageous geographical position. If you want to set up your company in the middle of such a rich environment, you will find Meydan Free Zone (MFZ) to be an ideal place for doing business with many advantages and few procedures.

This guide provides you with the information that you need to know about the Meydan Free Zone company setup in the year 2024.

Choosing Your Business Activity

The first one is the identification of the business activity. Meydan Free Zone is suitable for trading and logistics companies as well as consulting and technology companies. Step by step, evaluate your business model and choose the activity that will be most suitable for you.

Selecting Your Business Structure

Next up, you need to select an appropriate business structure for your venture. MFZ offers two primary business structures:

1. Free Zone Establishment (FZE): This is suitable for single-shareholder business entities since it awards you full ownership of the business.

2. Branch of a Local Company: If one already has a business in the UAE, it is possible to open a branch in the free zone to extend operations.

Company Name Selection

Select a good and appropriate name for the company. MFZ has a name check service to confirm the availability of the given name.

Streamlined Licensing

Meydan Free Zone also has a good reputation when it comes to licensing procedures. The authorities are very supportive of business establishments, which means that you will be able to get your Meydan Free Zone license very easily here.

Visa Sponsorship

MFZ provides business visa assistance, which means you can employ workers from other countries. The number of visas you can sponsor depends on the office space you have for your organisation.

Setting Up Your Office

MFZ offers a range of options for offices, including open hot desks and desks in shared offices up to large, fitted offices. Select the plan that best fits the size of your team and the amount of money you are willing to spend.

Additional Considerations

Apart from the factors mentioned above, here are some additional tips to keep in mind:

• Business Setup Costs: Include expenses that are related to licensing, visas, and the cost of the office space.

• Banking: You should open a corporate bank account to facilitate the management of all the business financial transactions.

• Compliance: Be aware of the rules and the laws and make sure your business complies with them.

Conclusion

Setting up a company in the Meydan Free Zone presents a multitude of advantages. From streamlined processes and tax exemptions to world-class infrastructure and a supportive business ecosystem, the Meydan Free Zone company setup empowers you to focus on growth and success. By following these steps and seeking professional guidance if needed, you'll be well on your way to establishing your thriving business in the heart of Dubai.