Meydan offers international free zone trading status with good start-up costs for businesses located in Dubai. Meydan free zone companies become part of a centrally located economic community with the best address in the city.
Its flexible office spaces, bespoke commercial spaces, and business parks are tailored to businesses of every scale. The Meydan free zone offers only a Flexi desk option. This option is very convenient for those who require a permanent physical office for their businesses.
It also includes a wide range of commercial developments, entertainment, sports hotels, and fun facilities. Here are some advantages of the coming formation in Meydan free zone.
- Extremely secure business environment
- Premium location
- Easy business setup
- Security and proper regulatory environment
- Very competent registration and licensing procedure
- 100% ownership of the business
- 100% repatriation of the invested capital
- Premium location setup for your business
- Flexi desk facility
Meydan Free Zone offers company formation and other benefits such as:
- Share structure
- Capital investment
- Auditing process
- Issuing of the required entities
- Visa matters
- Driving license
- Attainment of facilities
- Steps to set up a company in the Meydan free zone
- Choose your company name
- Apply for your trade license
- Apply for your visa
Here is the cost of the Meydan free zone license
| business activity | |||
| license package | starting AED 12, 500 | AED 14,350 | AED 18,050 |
| No. of activities | Up to 3 license activities | Up to 3 license activities | Up to 3 license activities |
| No. of Visa | 1-visa | 3 visas |
The fee information is based on the information available on the website of the government authority. However, new updates might come from the authorities. It is a good idea to recheck with the official authorities before taking any action.
Other important things to keep in mind
Share:
Bearer share is not allowed, and all shares must be paid fully. No different classes of shares are allowed in Meydan Free Zone Company.
Share capital:
The minimum share capital for a new company and subsidiary is AED 100,000 per company. Branches are exempt from the requirements of additional share capital.
Shareholders:
A maximum of 5 members are required for the Meydan Company. At least one director is required.
Directors:
You need a maximum of 4 directors.
Audit:
The Meydan Free Zone company shall appoint an approved auditor. and the file annual accounts are required to be submitted by the authorities.
Price point:
Additional activities can be available on request for AED 1000 per activity.
The applicability of corporate tax to the companies in the Meydan Free Zone
Company formation assistance and auditing service
Corporate tax law is going to be applicable to all the companies registered in the UAE including the free zones. The corporate tax is effective now. Corporate tax will be levied at zero percent on the taxable income in the free zones. This is applicable if the companies comply with all the regulations of the free zone. Moreover, they don’t do any business with mainland companies. Hence, the companies need to ensure that they are complying with all the regulations in the Meydan Free Zone.
ebs offers financial auditing, liquidation, and accounting services in Meydan Free Zone companies. The shareholders of the company how to appoint one or more auditors to hold office. The shareholders of a company at each annual general meeting shall appoint auditors to hold office until the close of the next annual meeting.
However, there are few rules to follow in this free zone. No person will appoint an auditor of a company who is already an employee of that company. The companies in the Meydan free zone have to appoint independent auditors. It is compulsory for all companies to follow all the rules and regulations in this free zone.
Get your company registered from Meydan Freezone
Meydan Freezone has its presence in Dubai. It is a few minutes’ drive from the business bay. This Meydan Freezone is digital and helps the business to start their new company here. The fees depend on how you want to start your trade license from this free zone. Many factors such as your business activity, visa requirements, and the duration of your license decide your fees.
In Meydan Free Zone over 1500 business activities are there and gives you the freedom to design your license. It means you can choose the exact business activity that you are going to practice. As a business owner, you can experience premium infrastructure, easy license setup, and no tax zone with a year’s Dubai residency visa.
All businesses in Meydan Freezone operate under Limited Liability Company (LLC) licenses which gives full legal protection to the business owner. As the reputation of this free zone is maintained well the banks in the UAE.
How can ebs help?
ebs can help you to make your auditing and accounting smooth. If your company is in the Meydan Free Zone, then you have to follow the rules and regulations. Businesses can also consult the best auditors and accountants to maintain the books of accounts.
In every free zone, companies have to maintain their books of accounts for audit purposes. We are available to do your accounting tasks. It will help you to maintain your reputation high. Our work is flawless, and we never leave any chance for any errors. We provide corporate tax services as well and it is required for all the companies to register for it. Contact us now to get the best services in accounting, bookkeeping, and auditing. We also provide CFO services for every type of business in the UAE. Avail the chance to get a free consultation from our experts.