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Vip Zone offers License Packages from Meydan Free Zone starting at AED 12,500.
Included Benefits:
- 100% foreign ownership
- 3 business activities per group
- Shared desk facility included with all business packages
- No requirement for paid-up share capital
- Over 1,500 license activities available
- 24-hour office facility
- Company documents issued within a day
- Unrestricted capital repatriation
- 0% import or re-export duties
- 0% personal income tax
- Simplified process for setting up a bank account
Benefits of Establishing Your Business in Meydan Free Zone
Some of these include:
Strategic Location
Meydan Free Zone is ideally situated just minutes from Downtown Dubai, providing access to numerous import and export trade opportunities. Its prime location near seaports, airports, and the city center allows businesses to choose from over 1,500 different activities.
Access to State-of-the-art Infrastructure
Meydan Free Zone features modern and advanced infrastructure. Establishing your company here offers access to high-speed internet connections, enhancing employee productivity and operational efficiency.
Digital Platform for Paperless Business Setup
Meydan Free Zone promotes a paperless approach for entrepreneurs setting up and managing their businesses. As part of its digital transformation, the zone provides a platform that simplifies business processes, allowing companies to manage all their records and documents in one place.
Ease of Business Setup
Meydan Free Zone is startup-friendly, with all businesses operating under a Limited Liability Company license issued by the Free Zone (LLC-FZ). This offers seamless and cost-effective startup options, including:
- 100 percent foreign ownership
- No currency exchange requirements
- Exemption from personal income tax
- MOFA-recognized business licenses with easy bank account opening
- Modern infrastructure with flexible desk options, dedicated offices, and meeting rooms
Explore Monthly Payment Plans with Selected Banks
Transform your transactions into convenient and budget-friendly monthly installments with our select banking partners. Simply spend a minimum of AED 1,000 with your credit card from any of our affiliated banks and choose to repay in manageable installments over a 12-month period.
Steps
1. Make a minimum purchase of AED 1,000 using your credit card for any services offered by Vip Zone.
2. Contact the banking services of any of our partner banks and request to convert your transaction into an Easy Payment Plan.
3. Options for repayment periods include 3, 6, 9, or 12 months.
* Standard terms and conditions of the banks will apply.
Types of Licenses Offered in Meydan Free Zone
Meydan Free Zone offers three types of licenses:
This license allows businesses to participate in activities such as advertising, marketing, web design, and printing.
This category includes licenses for professional services like business and management consulting, accounting, real estate consultancy, human resources, technical services, and other professions that depend on skills, ability, and talent.
This license permits businesses to engage in general trading, retail services, and import and export activities. A notable aspect is that Meydan Free Zone does not provide warehouse space for businesses dealing with physical products and materials processing or storage.
Requirements for Obtaining a Meydan Free Zone License
Individual Shareholder
- Signed application forms by the authorized signatory
- A 3-year business plan
- Copies of passports and visas of shareholders/directors/managers
- CVs of shareholder(s)/directors/managers
- Original stamped bank reference letter or 6-month bank statement
- Shareholding ratio
- Company name
Corporate Shareholder
- Signed application forms by the authorized signatory
- Audited financial report
- Company profile copy
- A 3-year business plan
- Letter from the shareholding company appointing a manager
- Board resolution for establishing a Meydan Free Zone company, attachment of specimen signature, passport copy, and power of attorney for manager, director, and secretary
- Company documents issued within a day
- Unrestricted capital repatriation
- 0% import or re-export duties
- 0% personal income tax
- Simplified bank account setup process
Steps in Setting Up Your Business in Meydan Free Zone
Setting up a business in Meydan Free Zone can be somewhat complex, but Vip Zone simplifies the process, helping you establish your company efficiently and cost-effectively.
1. Choose Business Activities
Meydan Free Zone offers over 1,500 business activities. It’s crucial to identify the category your business falls under to fully leverage the benefits and incentives associated with your trade license. You can select up to three business activities under a single license.
2. Choose Company Name
Before registering, it’s advisable to have at least three company name options ready. This is to avoid delays if a chosen name is already taken. Ensure that the names are respectful and avoid any offensive or blasphemous language.
3. Apply for Trade License
Applying for a trade license is a key step. Ensure that your business activities are clearly defined and that all necessary documentation is prepared for a smooth application process.
4. Apply for Visa
A visa is required to start working in the UAE. Vip Zone can handle all visa-related requirements and processes, including visas for your employees or family, ensuring a quick start to your business activities.
5. Open a Business Bank Account
Opening a business bank account is essential for managing financial transactions and establishing credibility with clients and partners. Vip Zone facilitates a smooth process for opening your account.
