Our favorite floundering entrepreneur, We understand that figuring out how to start your business in Meydan Free zone might seem like a herculean task. If you’re reading this blog, It indicates that you’re determined to do what it takes to start your business in Meydan Free zone. We believe you’ve made the right choice to look at Meydan Free zone for the tax exemptions, full ownership rights, lack of currency restrictions, simplified business processes, and many other strategic benefits it has to offer.

By the time you finish reading this blog, You would have mastered the knowledge of:

1. How to start your business in Meydan Free zone
2. Available packages in Meydan Free zone
3. Documents required to apply for trade license to start your business

A little over 1,500 business activities are permitted in Meydan Free zone. These typically fall under one of these three license types:

1. Media – For businesses related to advertising, marketing, web design, and
2. Service & Consultancy – This activity covers professional services like business & management consulting, real estate, accounting, human resources, technical services, or any other service oriented business that relies on
3. Commercial – This license enables you to engage in general trading, retail, and import and export

The Meydan Free zone authorities have designed each package to best fit the needs of foreign investors. These packages offer an immense level of flexibility to you as an investor.

Packages for business set up in Meydan Free zone:

Package 1: This is a zero visa package that Meydan Free zone offers, and you can choose up to three business activities in the Meydan freezone. The license type is an LLC-FZ Trade License that comes with a lease agreement as well.

Package 2: This package offers you an LLC-FZ Trade License and up to three business activities with a single visa allocation. You shall also acquire a lease agreement if you opt for this licensing package in the Meydan free zone.

Package 3: You would be allotted three visas under this package given the option to choose up to three business activities. You can obtain an LLC-FZ Trade License with a lease agreement along with this package.

Package 4: The fourth package allows you to obtain an LLC-FZ Trade License and allows you to choose up to three business activities and six visas. A lease agreement shall be provided along with this cost-effective package.

Guide to starting your business in Meydan Freezone:

1.    Choose Business Activities

Select what category your business activity falls under and maximize the benefits you can get depending on your trade license. You can select up to 3 business activities under one license.

2.    Choose your Company Name(s)

Before you get into the registration process, We advise you to have at least 3 companies names prepared in case of any delays, as in some cases, some other organization or company might have already registered with your preferred company name. Please keep in mind that any offensive or blasphemous language is not allowed.

3.    Apply for Trade license

Once you determine the nature of your business activity, and the type of license you need based on your business activity, Complete the application form provided by Meydan Freezone, and submit it to the authorities. Here are some of the documents you need to apply for a trade license in Meydan Freezone:

Documents Required:

• Passport copies of shareholders and directors
• Business plan
• Memorandum of Association (MOA)
• Proof of initial approval for business activity
• Lease agreement for office space in Meydan Free zone

If you are an individual shareholder, there are the additional documents you’d be required to submit:

• Application forms duly signed by the authorized signatory
• 3-year business plan
• Passport and visa copy of shareholders/directors, and manager
• CV of shareholder (s) / directors/manager
• Stamped original bank reference letter; or a month bank statement of 6

Additional documents to be submitted by a corporate shareholder:

Corporate Shareholder

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

Upon submission, The Meydan Free zone authorities shall review your application and documents. This process involves background checks, scrutiny and verification.

4.    Payment of Fees:

Once your application is approved, you will be required to pay the relevant fees for your chosen license type and any associated services. After which, You will be asked to sign the Memorandum of Association and other legal documents.

5.    Issuance of License:

There we go! You have successfully obtained your trade license, allowing you to commence your business.

Starting your business in the Meydan Free zone opens new possibilities for visa and banking requirements. Since getting a visa and opening a business bank account is mandatory in the UAE, We can take care of all your visa procedures, including your employees, or family to ensure smooth and swift commencement of business activities.

The ecosystem of business setup consultants in the Meydan free zone is ideal for all types of companies. However, choosing the right package and activity is a daunting process for which we can offer assistance. BSC’s highly qualified consultants aim to simplify the process for you. Over the years, We have been helping foreign investors in all realms of business. We will help you start your business in the Meydan Free zone in the most cost-effective way! Get in touch with us for a FREE consultation call (Insert contact form link)