Meydan Freezone is the liveliest spot in Dubai and is the central hub for many companies looking to establish themselves in Dubai. It is among the free zones that provide affordable business setup options in Dubai. It is a great place to encourage investors from all over the world to set up business establishments. It offers the benefits of a free zone, including 100 per cent ownership, zero taxation, no restrictions on currency, the potential for hiring foreign workers, high-speed internet access, and no taxes on imports and exports. The Meydan Free Zone offers only the Flexi desk option, which is helpful for people who don’t need a permanent office to conduct business. Meydan Free Zone also comprises an array of commercial and sports developments, hotels, entertainment and leisure facilities, as well as modern businesses, parks, hospitals, homes, schools, and business towers that feature luxurious waterfront development and retail destinations. 

Benefits of forming a company within the Meydan Free Zone  

Simple to set up your business within the Meydan no-cost zone. The Meydan Free Zone is a great place to start your business. 

• Investors can manage their business using a Flexi Desk. 
• Premium location for your business setup. 
• 100% guaranteed return of capital invested, and the profits made. 
• Absolute ownership of the business for corporations and individuals. 
• Very secure environment for business. 
• Fast and easy registration and licensing procedure. 
• Secure, regulated environment. 
• Excellent process of registration and licensing. 

Meydan Freezone Exclusive Services 

Meydan Free Zone provides corporate formation as well as other special offers like: 

• The issuance of the required license. 
• Permitting legal entities to operate.  
• The structure of Shareholders and the procedure for their participation.  
• Shares Structure 
• Auditing process 
• Attainment of facilities 

• Capital investment 
• Organizational structure 
• Visa matters 
• State laws and regulations within the Meydan free zone.  
• Driving licenses and other related services.  

Steps to Set Up Company in Meydan Free Zone 

• Choose your business activity. 
• Choose your company name. 
• Apply to obtain your trade license (documents required: passport replica Digital passport size photo and a copy of your residence visa If applicable, Emirates ID copy if appropriate) 
• Applying for your visa 

Cost of Meydan Free Zone License 

License Package: Starting AED 12,500 AED 14,350 AED 18,050 

Other essential points to be aware of: 

• Shares must be paid entirely upon allocation. No different types of shares are allowed in the Meydan free zone companies. 
• The minimum share capital required by a new Company and Subsidiary is AED 100,000 per company. Branch offices do not have to meet the requirements for extra share capital. 
• Up to 50 shareholders is required to run The Meydan Company. A minimum of one director is required. 
• A maximum of 4 directors are allowed. 
• The Meydan Free Zone company will designate an auditor and prepare annual accounts when the authorities require them. 
• Other activities are available upon the request of AED 1000 per hour. 

Corporate Tax application to companies operating in the Meydan Free Zone: 

The regulation of corporate tax applies to all organizations registered in the UAE and the free zones within the UAE. This UAE corporation tax rate is expected to be a significant issue for the fiscal year that begins on or after the 1st of June 2023 for businesses in the UAE. The corporate tax could be imposed at zero per cent of the taxable earnings (adjusted internet profits) of organizations operating within the free zones, as in compliance with all regulations of the sector that is unfastened and cease to conduct transactions with mainland companies. In any event, there’s an opportunity to levy 9 per cent corporate taxes on tax-deductible earnings (adjusted net earnings) over AED 375,000. Therefore, businesses operating in the Free Zones should ensure that they comply with the Free Zone’s regulations and should not deal with mainland entities to benefit from the collection of zero per cent UAE corporation tax. 

How does corporate tax consultants benefit from setting up a business within the Meydan free zone? 

The presence of certified and licensed auditors within Meydan is crucial to ensure financial transparency and compliance with regulations. With many advantages, exclusive services, and a supportive environment provided through Meydan FZ aids successful businesses to succeed with a profitable venture. With all the benefits of unique offerings and a welcoming environment provided through Meydan FZ, it helps companies thrive with a successful venture. 

ebs Chartered Accountants give an efficient setup for companies looking to setup their own employer formation and auditing services. The team of experts can help you in the process and answer any questions you may have, assist you with the bureaucratic process and act as your first source of assistance to guide you through the entire process. ebs is a reputable firm that specializes in company formation and liquidation. The company has been registered and approved as an auditor under the Ministry of Economy UAE and as a tax Agent registered with the Federal Tax Agency UAE, Dubai, offering dedicated audit, Tax, and accounting services and a variety of business Advisory Services that comply with regulatory regulations. A consultation with a skilled professional, such as an ebs, can streamline the process and put your company on the right path to success in the Meydan Free Zone.