Meydan freezone is located at the most vibrant location in Dubai, which is the hub for several businesses willing to establish their presence in Dubai. It is one of the free zones that offer cost-effective business setup solutions in Dubai. It encourages a lot of investors from all over the world for business setup and offers full free zone incentives such as 100% ownership, no taxation, no currency restrictions, the possibility of hiring foreign labour, high-speed internet connectivity, and no tax on import and export.
The Meydan Free Zone offers only a Flexi desk option, which is very convenient for those who do not require a permanent physical office for their business.
Meydan Free Zone also includes a wide range of commercial developments, sports, hotels, entertainment, and fun facilities, a series of state-of-the-art business parks, hospitals, schools, residential villa communities, business towers with luxury waterfront developments, and shopping destinations.
Advantages of Company formation in Meydan Free Zone
- Easy to set up business in Meydan free zone
- Investors can operate their business through a Flexi desk.
- Premium location for your business setup.
- Guaranteed 100% repatriation of invested capital and profits gained.
- Guaranteed 100% ownership of the business both for individuals and corporate entities.
- Extremely secure business environment.
- Seamless and efficient licensing and registration procedure.
- Secure regulated environment.
- Very competent licensing and registration procedure.
Meydan Freezone Exclusive Services
Meydan Free Zone offers company formation and other exclusive offers such as:
- Issuing of the required license
- Permitting of legal entities
- Shareholders structure and procedure
- Shares Structure
- Auditing process
- Attainment of facilities
- Capital investment
- Organizational structure
- Visa matters
- State government laws and regulations in the Meydan free zone
- Driving license issuance and other such services
Steps to set up Company in Meydan Free Zone
- Choose your business activity
- Choose your company name
- Apply for your trade license (documents required- passport copy, digital passport size photo, residence visa copy if applicable, Emirates ID copy if applicable)
- Applying for your visa
Cost of 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 |
Other key points to keep in mind:
- Shares: No bearer shares will be allowed. All shares must be fully paid when allocated. 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 requirement of additional share capital.
- Shareholders: A maximum of 50 members are needed for the Meydan Company. A minimum of one director is required.
- Directors: A maximum of 4 directors are allowed.
- Audit: The Meydan free zone company shall appoint an auditor and file annual accounts as may be requested by the authorities.
- Price Point: Additional activities can be availed on request for AED 1000 per activity.
Corporate Tax applicability to the companies in Meydan Free Zone
Corporate tax regulation is relevant for all groups registered in the UAE, including the free zones in the UAE. The UAE corporate tax is going to be powerful for the financial year beginning on or after June 1, 2023, for the companies in the UAE. Corporate tax might be levied at 0 percent on the taxable income (adjusted internet profit) of the organizations in the free zones as long as they comply with all the regulations of the respective unfastened sector and no longer do any business with the mainland companies. In any case, there’s an opportunity to levy nine percent corporate tax on the taxable earnings (adjusted net income) in excess of AED 375,000. Hence, companies inside the Free Zones need to make sure that they’re complying with all the rules of the freezone area and do not do any business with the mainland entities to experience the gain of 0 percent of UAE corporate tax.
How can ebs chartered accountants help you set up a business in Meydan Free Zone?
The presence of registered and approved auditors in Meydan is vital for balancing financial transparency and regulatory compliance. With numerous benefits, exclusive services and supportive environment offered by Meydan FZ, it helps thriving businesses with a lucrative venture. With the numerous advantages, distinctive offerings, and supportive environment presented by Meydan FZ, it helps thriving corporations with a beneficial venture.
ebs chartered accountants provide a clean setup for businesses looking to set up their employer formation and auditing services. Our crew of specialists can assist you and will guide you through the procedure, answer your questions, offer vital bureaucracy, and serve as your number one point of contact to aid you through the complete procedure.
ebs chartered accountants is an expert firm within the company formation and company liquidation procedures. Our passion and heart lie in serving the clients and we aim at the utmost client’s satisfaction.
We are registered & Approved Auditors under the Ministry of Economy UAE and also registered Tax Agents from Federal Tax Agency UAE, Dubai providing dedicated Audit, Accounting, Tax services and various Business Advisory Services complying with regulatory requirements.
Consultation with professionals like ebs chartered accountants can streamline the process and set your business on the path to success in Meydan Free zone.
FAQS
Is audit mandatory in UAE free zone?
Yes, audit is mandatory in UAE free zones as per the regulations set by the respective free zone authorities to ensure compliance and transparency in financial reporting.
Who are the approved auditors in Meydan Freezone?
Approved auditors in Meydan Freezone are typically licensed audit firms or individuals who meet the specific criteria and qualifications outlined by the free zone authority.
What is the minimum share capital of Meydan Free Zone?
The minimum share capital requirement in Meydan Free Zone may vary depending on the type of business entity, but it is generally set at a reasonable amount to support the operations and financial stability of the company.
Who can perform an audit in UAE?
Audits in UAE can be performed by licensed audit firms or individuals who are registered with the relevant regulatory bodies and meet the qualifications and standards set by the UAE government.