How to Start a Business in Meydan Freezone

Free zones have always been the first choice of investors. Owing to the advantages offered by them. Meydan has made a mark here as well by instituting 
advanced measures. To help entrepreneurs make the best out of their investment. The benefits assured by the MFZ include:
Multiple Business Activities Under A Single License – Multiple compatible business activities like service, trading, and e-commerce can be clubbed under one license. This is not permitted in a majority of other free zones.
100% Foreign Ownership – No need to have a local sponsor or local partner to set up a business in Meydan. You can own the company, operate it yourself, and take 100% of the profit back home.
No Paid Up Capital – MFZ does not require a minimum paid-up capital for company formation. However, the capital may be stated in the company incorporation documents.
Quick License Issuance – MFZ trade license is issued in the shortest possible time. Additionally, the trade license is issued in under 60 minutes in an instant licensing process. The entire licensing process is digitized, aiding the investors in completing the process without running around offices.
2,500+ Business Activities – Choose from over 2,500 business activities. You can pick the sector that suits your choice and invest. You don’t have to compromise or choose a business field that is not of your choice.
100% Capital Repatriation – Repatriate profits completely, without any currency restrictions or any other limitations. This allows investors to repatriate their investment whenever they want.
 

Every move, every decision, matters in the world of business. A miscalculated step or risky move can land your company in peril. Take decisions only after meticulous analysis from the first step onwards. Meydan business setup can be completed in 06 simple steps. The free zone authority has made it super easy for investors to start a company. 

What is the Planned Business Activity?
Random selection or picking a business activity or a group of businesses without proper study is not advisable. The business chosen directly affects the visa quota, the approvals required, the license needed, the bank account opening, etc.
Since Meydan has 2500+ approved business activities, it is ideal to ascertain each and decide the right businesses for you. Hiring an approved business set-up agent is the right thing if you want end-to-end support for the company formation in Meydan Free Zone.

Have You Decided on the Legal Structure?
Choose the legal structure for the company you want to set up. There’s nothing much to think about if you are planning to set up a branch office of a company in Meydan. Investors are permitted to establish the branch office of a foreign or local company in the MFZ. The branch will be carrying out the business activities in the same way as those of the parent company. The parent company will hold 100% of the ownership in the company.
The legal company structures permitted in the Meydan Free Zone are:

• Free Zone Establishment (FZE)
• Free Zone Company (FZC)
• Free Zone Limited Liability Company (FZ-LLC)
• Branch of a Foreign/ UAE-based Company
• FZ-LLC (Single Shareholder)

Each of the business structures needs to be assessed before decision-making. Have a detailed analysis and finalise the structure according to your business goals.

Could You Decide the Trade Name?
Get to know about the naming regulations in the country. You cannot forward any name and expect it to be approved by the MFZ. The authority does not approve names that are:

• Blasphemous
• Political
• Religious
• Abbreviations of the Owner’s Name
• Name of an Already Established Entity

Prepare the names following the guidelines and forward them to the MFZ authority for reservation. Further documentation would be in the name of the company.

Are You Ready to Submit the Documents?
A thorough check must be complied with before submitting the documents. You might consider them complete; however, there might be anomalies that can cause rejection. We suggest you expert inspection of the documents to confirm completeness in all respects, compliance with policy requirements, and implementation of promulgated regulations.
The business setup in Meydan would be smooth, hassle-free, and quick when comprehensively examined documents are submitted. The perfection in documentation is crucial in the case of bank approval and corporate account opening, as well.
Lease office space or a virtual office/ flexi-desk according to the business requirements. A concluded lease agreement is one of the main documents to be submitted for the business license.

Receive the MFZ Trade License
The Meydan Free Zone Authority will review the documents, verify the authenticity of the documents and the legitimacy of the business, and approve company formation. Pay the trade license fee on receipt of the payment voucher. 
The trade license, company incorporation certificate, and other relevant documents will be issued. Now you are ready to start business operations. However, Meydan's business setup is complete only after opening a corporate bank account and obtaining visas according to the visa quota.

Bank Account and Visas
Open a corporate bank account in any of the banks approved by the MFZ authority. The timeframe for a bank account will differ depending on the bank chosen, the business activities, the risk involved, and other factors.
Initiate the visa process simultaneously. The employee visa associated with the company is also to be initiated by the management only. Additional visas may be requested if more expat employees than were planned initially are required.
The company can start full-fledged operations after hiring the employees and opening the corporate bank account.
You may talk to us if you need any additional guidance regarding free zone company formation or business setup in Meydan Free Zone.

Meydan Free Zone Authority has launched a fast-track business setup as well. Investors can form their company in less than 60 minutes through this process. The unique aspects of this licensing process are:

• License issuance in under 60 minutes
• All activities are online, without cumbersome paperwork
• An LLC license is processed through an exclusive channel
• Visa applications and corporate account opening can be initiated after the receipt of the license, on the same day
• One free amendment, to institute change in business activity, shareholders, or any other approved variations, is allowed in the first year
• Plan, prepare, and proceed with expert support for a fast-track trade license in MFZ

Get connected with us to know more and for support on a fast-track trade license in the Meydan Free Zone.
 

A reliable support is what you need to set up a business in Meydan. The factors that make Kiltons your right choice for business setup in MFZ are:

• Approved business setup services in the Meydan Free Zone
• Credibility earned through selfless services since 1999
• Expert advisors with keen knowledge on every aspect regarding business setup in MFZ and other jurisdictions in the UAE
• Dedicated specialists are assigned to each client
• Constant support throughout, ensuring a smooth and cost-effective business setup
• Suggestions and guidance to provide a business setup according to the budget

For business setup in Meydan, contact us right now.