If you’re researching starting a business in Dubai, you’ll know there are two common ways to form a company out here.
The first is to set up in the UAE mainland. This allows you trade from anywhere in the country, as well as a few other benefits like the ability to take on government work.
However, the most cost-effective option is the second one, namely to start your business in a Dubai free zone. When you opt for this approach, you must set up in a designated zone and trade with the local UAE market through a service agent.
Free zone companies also benefit from zero currency restrictions, profit and capital repatriation, and 100% customs tax exemption. All on top of the UAE’s 0% tax rate on personal and corporate income, of course.
Each free zone also offers its own unique set of benefits, too. In this article, we’ll be looking a Meydan Free Zone. We’ll cover:
- What is Meydan Free Zone?
- What are the benefits of starting a business in Meydan Free Zone?
- Steps to start a business in Meydan Free Zone
- Cost of starting a business in Meydan Free Zone
- Working with Creative Zone
What is Meydan Free Zone?
Meydan Free Zone is a designated economic zone in Dubai. It offers easy access to the emirate’s logistics corridor, as well as surrounding air- and seaports. It offers its inhabitants access to world-class business facilities, as well as business setup support and more.
At Meydan Free Zone Business Centre, near Mohammed Bin Rashid Al Maktoum City, there is also one of Dubai’s most prestigious addresses.
What are the benefits of starting a business in Meydan Free Zone?
There are many great benefits to setting up in Meydan Free Zone. For one, you’ll benefit from a premier location, just minutes from Dubai’s major commercial and financial hubs.
Meydan Free Zone is also well-known for its quick and easy company formation process – providing you do so with the right support, of course.
And it’s not all business here. You can also take advantage of the unique opportunity to live and work in the free zone’s premium mixed-use developments.
Steps to start a business in Meydan Free Zone
When you start your business with Creative Zone, setting up in Meydan Free Zone takes just three simple steps. After a short, no-obligation consultation, we can help you gain a full understanding of the company formation process, managing all applications on your behalf.
Step 1 – Tell us your business activities
We’ll need to know exactly what type of business you intend to run. Once we’re clear on this, we can advise on the license and setup type best suited to your enterprise.
Step 2 – Choose and register your trade name
Next, we will help you to choose and register your trade name. There are a couple of additional factors to keep in mind here. Most importantly, your name cannot be similar to any other businesses, and it must not be offensive or blasphemous.
Step 3 – Submit your license application
Now it is time to apply for your license. When making your application, you will need to submit a completed form, an outline of your business activities, and some or all of the following documents:
- Proof of ID and address for directors and shareholders
- Passport copies for shareholders and directors
What is the cost of starting a business in Meydan Free Zone?
This depends on the size of your business and the type of license package you require.
Meydan offers everything from simple coworking packages to plans that include the cost of multiple visas, private offices, and more.
That’s why the best way to get an idea of the costs involved in starting your Meydan Free Zone business is to get in touch with the team at Creative Zone. Tell us a little about your requirements and we’ll deliver a personalised quote.
Why work with Creative Zone?
Here are five beneficial reasons to work with Creative Zone when starting a business at Meydan Free Zone.
1 — VALUE FOR MONEY
Our business setup services are rated the highest in the market, and we have achieved that by providing our clients with a much-needed peace of mind throughout the whole process, and beyond. So, whether you only want a visa, assistance in business setup, or are looking for long-term business support, our prices are every bit value for money.
2 — CUSTOMER CENTRIC
We provide the same care and attention with consistent focus on delivering high quality of service to all our clients. Whether you are a small startup or a big brand you can be sure that we will serve you to the best of our capabilities.
3 — TRANSPARENCY
All our fees are clearly laid out with no hidden costs. In the company incorporation business, there are several costs that are not made known to clients beforehand. We take time to explain every step and the prices involved to avoid any unpleasant situation issues.
4 — INTERNATIONAL
We serve clients from all across the world. Our staff of more than 200 people speak 22 languages and are experts in supporting a range of business needs long after incorporation.
5 — EASE OF SETUP
Almost all documents for your business setup can be submitted remotely or online with our assistance, making the process fast and efficient. We can also pick up and drop documents to your home free of charge.
How to start your business with Creative Zone
While the process of setting up at Meydan Free Zone is not too complicated, a certain amount of prior knowledge is required. Specifically, it is vital to ensure that your applications for your business license and visa are all completely free from errors.
This can be somewhat stressful, so as we have advised throughout this article, the fast-track to getting up and running is through working with a company formation specialist.
Here at Creative Zone, we offer you the best solutions to start your company in Dubai. You get fast, reliable and unbiased advice on your unique business setup requirements. We can help you choose the right kind of license for your business activity and take you through the entire process from start to finish.
You can let us deal with the hassle of registering a company while you focus on your business. And working with us means you get the best budget friendly and cost-effective solution to help make your business dream a reality.
Over 10 years, Creative Zone has helped more than 36,000 entrepreneurs set up their businesses. Whether it be a mainland business setup, offshore company setup, free zone company setup, or issuing of trade licenses and any related activity for registering a company, Creative Zone is your one-stop-shop.
Let Creative Zone make your journey into business ownership quick and hassle-free.