The Meydan Free Zone
Meydan Free Zone, located in the heart of Dubai, is a fantastic choice for entrepreneurs and investors looking to start a business in the United Arab Emirates. With its strategic location, state-of-the-art infrastructure, and a range of business advantages, this business jurisdiction has become a hub for various industries, including technology, media, and sports.
If you’re considering starting a business in Meydan Free Zone, there are a few things you’ll need to know for the best chances of success. In this blog, we’ll cover several things you’ll need to know for business setup in Meydan Free Zone, including the types of business licenses available, the average business setup cost, and the benefits of operating in this vibrant business location.
Whether you’re a startup or an established company looking to expand your operations, Meydan Free Zone offers a range of opportunities to help your business succeed in the dynamic business landscape of Dubai. And if you want to know more, all you need to do is keep reading!
The Benefits of Business Registration in the Meydan Free Zone
If you’re considering starting a business in Dubai, the Meydan Free Zone offers several benefits that make it an attractive location to place your investments. Here are some of the many benefits of operating a business in Meydan Free Zone:
1. Tax-Free Policies
Meydan Free Zone offers a tax-free environment, which includes no corporate, income, or withholding taxes. This policy is in line with the UAE’s tax-free status, making Meydan Free Zone an attractive location for businesses that want to minimize their tax liabilities.
2. Low-Cost Setup and Renewal Structures
Business setup in Meydan Free Zone is relatively easy and cost-effective compared to other free zones in the UAE. The setup and renewal fees are competitive, and there are no hidden charges, allowing businesses to save on setup costs.
3. Choice of 1,500 Business Activities
Meydan Free Zone offers 1,500 business activities to choose from, making it easier to find the right fit for your business. The variety of business activities available ensures something for everyone, regardless of the industry you operate in.
4. Dedicated Support Desk
Meydan Free Zone has a dedicated support desk that offers business assistance and support, making navigating the business license registration process easier. This support desk is staffed by a team of experts who can guide investors in various aspects of business setup in Meydan Free Zone.
5. Modern Communications Infrastructure
Meydan Free Zone boasts modern communications infrastructure, including high-speed internet connectivity, making it easier to conduct business online. This infrastructure supports various communication technologies, such as video conferencing, making it easier to collaborate with partners and clients worldwide.
6. No Currency Restrictions
Meydan Free Zone allows businesses to transact in any currency without any restrictions. This policy eliminates the need for businesses to convert currencies, making it easier to conduct international transactions.
What’s So Different About the Meydan Free Zone?
As an entrepreneur, the Free Zones in Dubai provide a wide range of opportunities for investing and owning a business. But what about the Meydan Free Zone that sets it apart from other business jurisdictions?
Meydan Free Zone is located in the center of Dubai, making it easily accessible from different parts of the city. It is situated near key transportation hubs, including the Dubai International Airport, Jebel Ali Port, and Dubai Metro. This strategic location provides easy access to markets in the Middle East, Europe, Africa, and Asia.
Meydan Free Zone is known for its elegant and modern facilities, which include premium office spaces, meeting rooms, and conference facilities. The buildings are designed to reflect the sophistication and luxury Dubai is renowned for, providing a comfortable and professional environment for businesses.
Meydan Free Zone is equipped with the latest technology and modern communication infrastructure, including high-speed internet connectivity, video conferencing, and other advanced communication tools. This connectivity allows businesses to communicate and collaborate seamlessly with partners and clients around the world, making it easier to conduct business operations from Meydan Free Zone.
Business Activities Offered in Meydan Free Zone
One of the most significant reasons so many investors choose Meydan is the large array of business activities offered here. Let’s take a look at just a few:
This business activity includes designing, constructing, and maintaining various infrastructure projects such as buildings, roads, and bridges.
2. Training and Education
This activity focuses on providing training and education services to various industries, including vocational training, professional development, and specialized courses.
This business sector includes advertising and marketing services, including media planning, market research, and creative services.
Holding companies handle holding and managing investments in other companies, providing capital and financial support, and managing the portfolio’s performance.
5. Human Resources
Whether providing human resource management services to businesses, including talent acquisition, employee training, and development, or compensation and benefits, human resources is an important business activity in Meydan.
Legal activities include providing legal services to businesses, including corporate law, commercial law, and intellectual property law.
7. Real Estate
Meydan is home to a booming real estate industry, including property management, brokerage, leasing, and development.
Logistics and transportation services are important aspects of businesses in Meydan and include warehousing, shipping, and distribution sectors.
Investors here can enter the financial market and conduct business that includes banking, investment management, and insurance.
This business activity involves providing business management consulting services, including strategy development, process improvement, and organizational development.
Business Setup Cost in Meydan Free Zone
One of the key expenses you can expect when setting up your business in Meydan Free Zone is securing a business license. As of 2023, the cost for a Meydan Free Zone license is roughly AED 21,000. However, it’s important to note that this cost can vary depending on the specific requirements of your business.
In addition to the cost of the Meydan Free Zone license itself, other fees may be associated with the business setup process, such as visa processing fees and costs related to renting office space or other facilities. Therefore, it’s important to work with an experienced partner like MSZ Consultancy to ensure that you understand all the costs associated with setting up your business in Meydan Free Zone.
FAQs- Frequently Asked Questions
Opening any business can be challenging. This can be doubly so if you’re unfamiliar with the customs, laws, and regulations of the country where you operate. And if you’ve considered business setup in Meydan Free Zone as an Ex-pat, you probably have a few questions. So we’ve taken the time to answer a few of the most frequently asked questions about business formation in Meydan.
1. Who owns Meydan Free Zone?
Meydan Free Zone is owned and operated by Meydan Group, a Dubai-based company that specializes in the development of sports, entertainment, and hospitality facilities.
2. When was the Meydan Free Zone established?
Meydan Free Zone was established in 2015 to provide a business-friendly environment for companies operating in sports, events, and related industries.
3. Is a Free Zone visa better?
A Freezone visa can be advantageous for certain types of businesses, as it allows companies to operate within the Free Zone without needing a local sponsor. This can simplify setting up a business and obtaining residency visas for employees. However, it may not be the best option for all businesses, and it’s necessary to consider the specific needs of your company before making a decision.
4. Who built Meydan?
Meydan was developed by Meydan Group, which is owned by Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum. The Meydan project was designed to create a world-class venue for horse racing and other sporting events, as well as a range of other facilities such as hotels, restaurants, and residential developments.
5. How many companies are in Meydan Free Zone?
As of 2023, over 300 companies are operating in Meydan Free Zone. These include businesses in a wide range of industries, such as sports, events, hospitality, technology, and more.
Need Help with Business Setup in Meydan Free Zone? MSZ Consultancy Can Help!
MSZ Consultancy is proud to be the number one business setup consultant in Meydan Free Zone. Our team of experts has years of experience assisting single investors and larger corporations in making the most of their investments in this region, and we can help you!
We provide comprehensive solutions for business license registration, securing visas, establishing legal structures, and more!
So, if you are ready to take the first step towards setting up your business in the Meydan Free Zone, look no further than MSZ Consultancy. Contact us today at +971 52 544 1248 and let us help you transform your business dream into a reality!