Why Free Zone Meydan is one of the best choices for doing business and starting a company in Dubai, UAE

Why Free Zone Meydan is one of the best choices for doing business and starting a company in Dubai, UAE - Makebiz

The decision to start a business in the UAE involves choosing the economic zone where the company will be registered. The region offers more than 40 free economic zones with their own specialization and features. Meydan Free Zone in Dubai is considered universal. There are other universal economic zones in the UAE, we will consider them in other articles.

Let’s highlight its main advantages:

  • 100% foreign ownership with no need for a local sponsor, which gives full freedom to run and manage the company;
  • absence of taxes on personal income, customs duties, etc..;
  • more than 2.5 thousand types of activity in almost any sphere are available for choosing a suitable license;
  • possibility to open a corporate account in local banks;
  • adequate cost of setting up a business: low state fees for registration, office rent, visa processing, etc;
  • easy and prompt interaction with the freezone administration;
  • accelerated and remote registration procedures (up to 5 days);
  • support services in Russian;
  • semi-state status guarantees the stability and security of the zone;
  • possibility to rent an office not only within the FEZ, but also on the mainland of Dubai;
  • convenient geographical location with developed infrastructure for effective business.

In the process of registering a business in Meydan Free Zone, there are several important steps to follow:

1. Drawing up a unique business name, taking into account the requirements of the legislation.

2. Selecting the type of license and the types of activities prescribed in it.  

3. Formation of the structure of your company, which will depend on the number of founders/shareholders.

4. Submitting a standard set of documents, including proof of residence and bank statement.  

5. After obtaining a license, you can apply for a founder’s visa and open a corporate account. 

Meydan Free Economic Zone is characterized by a large number of advantages for quick business registration and its successful start. The company’s specialists will help you to collect the necessary documents and pass through all the stages. Sign up for a free consultation and learn more about how to open a company in Meydan Free Zone in Dubai.

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