Company Formation in Meydan Free Zone

Company Formation in Meydan Free Zone
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Meydan is the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President of the UAE, Prime Minister and Ruler of the Emirate of Dubai. It is the culmination of his vision to create not just the ultimate venue for horseracing but an integrated city that is sustainable, environmentally responsible and one that positions Dubai at the centre of the competitive global business stage.

Meydan developments are synonymous with luxury, prestige and quality, a true mark of excellence for commercial, residential and mixed use real estate alike. The well trusted brand behind the world’s richest horse race is also expert in delivering landmark developments that encapsulate the Meydan lifestyle.

Dedicated to the rich equestrian heritage of the region and the passion of its ruler, Meydan hosts five months of world class thoroughbred horseracing which climax in March with the spectacular Dubai World Cup, the world’s richest race day. The Emirates Equestrian Centre and Dubai Equestrian Club host riding lessons, stabling and competitive activities from Show Jumping and Dressage to major international Endurance races such as Dubai Crown Prince Endurance Cup.

Meydan’s premium leisure and hospitality experiences include the Meydan hotel, Bab Al Shams Desert Resort and Spa, Meydan Beach, Meydan Golf, Meydan Tennis Academy and the Meydan IMAX Theatre. The iconic Meydan Grandstand hosts regular live concerts attracting the biggest names from around the world as well as a busy calendar of events and exhibitions.

Major Benefits of Company Formation in Meydan Free Zone:

  • 100% foreign ownership,
  • 100% repatriation of capital,
  • 100% exemption from personal income tax, corporate tax, service tax, import and export tax,
  • No currency restrictions
  • High speed connectivity to Dubai Logistics corridor
  • Premium location as close to Dubai downtown
Characteristics of Meydan Free Zone Company Setup:

Location:

Meydan Free Zone, Dubai, (U.A.E.)

Proposed activity:

Trading/Service/media operations activities can be carried out in Meydan Free Zone.

License available:

Commercial trading, consultancy license & Media License are available options for Meydan Free Zone Company.

Type of entities:

FZE (Free Zone Establishment – Single Shareholder), FZCO (Free Zone Company – Multi Shareholders) & Branch office

Shareholder:

Shareholder for Meydan Free Zone Company can be Individuals or Corporate entity (maximum 7)

Director:

Individuals only (Minimum one. Shareholder can also be Director)

Share capital:

AED 100,000/- (100 shares of AED 1,000/- each) for Meydan Fee Zone Company Setup and AED Nil/- in case of Branch office. (Required to be deposited in bank before or after company incorporation)

Do note that shares are deemed to be issued on company incorporation irrespective of whether share capital is deposited in bank pre or post incorporation.

Audit:

Audit report is required to be filed with Meydan Free Zone.

Estimated time:

2- 3 weeks to obtain license of the company and register a company in Meydan Free Zone.

Another 7-10 working days for immigration card subject to security clearance & thereafter visa may take approximately 7-10 working days on normal basis.

Meydan Free Zone Company Setup Process:

  • Identify the legal form of company to be registered in Meydan FZ
  • Select activity from Meydan FZ activity list,
  • Apply for name and initial approval,
  • Payment of fees related to Meydan FZ business set up,
  • Sign Meydan FZ company registration and incorporation documents,
  • Apply for Meydan FZ residence visa.

Documents Required for Meydan Free Zone Company Registration:

The documents required for business set up in Meydan Free Zone depends on whether a shareholder is individual or corporate entity. Basic requirements are

  • Color passport copy,
  • Color UAE residence visa & emirates id copy,
  • Business plan,
  • CV/Resume,
  • NOC from current sponsor

To know more about the complete requirements for company formation in Meydan Free Zone call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com

Company Formation Cost in Meydan Free Zone:

Meydan Free Zone Company Setup begins from AED 41,000/-

Call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com to know about special promotions/offers related to business setup in Meydan Free Zone.

Other Notes for Meydan Free Zone Company Formation:

  1. Document to be legalized with UAE Embassy in case of corporate shareholder
  2. Shareholder or directors wishing to have UAE residency visa on said company will need to revisit after issuance of license, immigration card and entry permit for stamping of visa on the passport and may need to stay in UAE for 5 to 7 working days as that process may take time.
  3. Company Immigration/Establishment card to be renewed every year
  4. Investors to have family status UAE visa should have share capital of AED 75,000/- and in order to be eligible for Owner/Investor/Partner visa should have share capital of AED 60,000/-

Global Business Services DMCC has helped many individuals and corporate entities to set up their businesses in Meydan Free Zone. Our company acts as a one stop solution for Meydan Free Zone company incorporation services.

If you are looking for Meydan Free Zone company setup, please get in touch with us for professional assistance.

Call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com to know about special promotions/offers related to business setup in Meydan Free Zone.

Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal, tax or other professional advice. We do not accept any responsibility, legal or otherwise, for any errors or omissions.

GBSOur Office
Organically grow the holistic world view of disruptive innovation via empowerment.
+971 4 4471803
OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:

Office No.12A-06,
13th floor HDS Tower,
Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)

GET IN TOUCHGBS Social links
Taking seamless key performance indicators offline to maximise the long tail.
GBSOur Office
Organically grow the holistic world view of disruptive innovation via empowerment.
+971 4 4471803
OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:

Office No.12A-06,
13th floor HDS Tower,
Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)

QUICK LINKSOur Services
GET IN TOUCHGBS Social links
Taking seamless key performance indicators offline to maximise the long tail.
AVANTAGEHeadquarters
Organically grow the holistic world view of disruptive innovation via empowerment.
OUR LOCATIONSWhere to find us?
GET IN TOUCHAvantage Social links
Taking seamless key performance indicators offline to maximise the long tail.
AVANTAGEHeadquarters
Organically grow the holistic world view of disruptive innovation via empowerment.
OUR LOCATIONSWhere to find us?
GET IN TOUCHAvantage Social links
Taking seamless key performance indicators offline to maximise the long tail.

Copyright © 2020 Global Business Services.

Copyright © 2020 Global Business Services.

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