LEGAL ENTITIES PERMITTED
Meydan Free Zone sole establishment, limited liability company, and branch of a foreign Company
TYPE OF LICENSES ISSUED
One Shareholder minimum for a Meydan company, maximum of 7. A minimum of one director is required. You can be a partner/shareholder in multiple companies.
No bearer shares will be allowed. All shares must be fully paid when allocated. No different classes of shares allowed.
The minimum share capital for a new Company and Subsidiary is AED 100,000 per company. Branches are exempt from the requirement of additional share capital.
No corporate directors allowed.
Every company shall have a manager who must also be under the company’s visa. It should be a natural person and his name shall be on license.
RESTRICTIONS ON NAME
Names must end with the word “LLC-FZ” as the case may be. Location names and religious words are prohibited.
The shareholder has to be physically present either himself or through an attorney at the Free Zone.
The company shall appoint an auditor and file annual accounts as may be requested the authorities.
2 visa allocation. No Investor Visa Category Available
Companies are subjected to the UAE law in general and for some specific functions law of the Emirates of Dubai.
Driving License and other functions need to be applied from Dubai Government Departments.