Meydan Freezone is in a central location Downtown, the heart of Dubai, and highly developed. In the Meydan racecourse, Dubai Racing Club hosts horse races starting from November till March.
As it is situated in the heart of Dubai, this free zone is fully packed with commercial buildings including luxurious hotels, sports areas, entertainment-based venues, and other residential buildings.
It was developed in 2009 to build more successful businesses. Now it is considered as the most prominent free zone promoting foreign investment in the heart of Dubai.
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Setting up a company in Meydan free zone offers numerous advantages:
In Dubai Free Zones, you need to follow the rules set by the relevant authorities. Similarly, to obtain a Meydan free zone license, businesses must follow the regulations set forth by the Meydan Free Zone Authority.
The process typically involves submitting a completed application along with the necessary supporting documents. The required documents include a business plan, passport copies, and proof of address.
Additionally, business owners may require physical office space after setting up business in UAE free zones. But it is not mandatory to secure a physical office space. It is up to the business owners. They can get the flexi desk options within the free zone or outside as well.
If the office space is required when setting up a limited liability company, then we need to obtain the appropriate permits and clearances.
The license offered by Meydan Free Zone include:
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Make sure to choose the right business activity to conduct your business.
Give three trade names for your company and get one approved by the MFZ authority.
Ensure to submit all the documents required of all the shareholders to the relevant authorities.
Obtain all the required security approvals and then get your business license for Meydan Free Zone.
Office space is not mandatory and depends on the client's needs if they require one.
Meydan Free Zone offers so many benefits if you are interested in starting a free zone business in this central location. But so, there are some limitations, two of them are:
If you are obtaining a business license from Meydan Freezone, then make sure to check the visa quotas. As per Free Zone rules, you can take up to six visa quotas with the Meydan Free Zone business license. In case you need to take more visa quotas, then it is compulsory to get an office space either inside or outside the free zone.
In the Meydan Free Zone, obtaining the right type of business license is a legal requirement for operating the right business activities. The license is necessary to ensure compliance with the regulations and laws of the free zone. Failure to obtain a business license or its due renewal can result in penalties and hefty fines.
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