Business Setup in Meydan Free zone
Meydan free zone, established in the year 2009, is well known for its world-class infrastructure, as well as business and tax-friendly initiatives. The strategic location of the free zone, which is located close to the Dubai International Airport and Downtown Dubai, makes it one of the most preferred free zones in Dubai. If you are planning to set up a company in Meydan free zone, HLB HAMT can assist you, from the initial to the final stage.
Documents required for company formation in Meydan free zone
- Company Documentation of parent company (Certificate of Incorporation, Certificate of Incumbency, Memorandum and Articles of Association, Board Resolution, etc.)
- Passport copies of owners and managers
- Board Resolution stating that it has been resolved to open a branch office in “Meydan – Free Zone Authority”. The Board Resolution should include the appointed Manager(s)/Shareholder(s)/Director(s) of the branch or new LLC.
Setting up a company in UAE free zone is quite a lengthy process and it requires deep knowledge about the UAE business market, corresponding laws etc. A foreigner planning to start their company in UAE may not be aware of these and as such they require the assistance of a business consultancy firm. HLB HAMT is a UAE business consultancy firm which can help in the formation of a company in not just the Meydan free zone, but anywhere across UAE.
Frequently Asked Questions – Meydan Free zone
How many shareholders are allowed under one license?
Under one license, a maximum of 50 shareholders are allowed.
How many directors are allowed under one license?
The maximum number of directors allowed under one license is 4.
Should the documents for Meydan free zone company formation be attested?
At the time of formation, the documents need not be attested; but later on attestation might be required.
Is NOC required to incorporate a company in Meydan free zone?
No, NOC is not required for company formation at Meydan Free Zone.
Is physical presence required to open a company in Meydan free zone?
No, one can open a company virtually.
How many activities can be selected without payment during company formation at Meydan Free zone?
Up to 3 activities can be selected for free.
Following the incorporation of a company, what are the documents provided to the applicant?
- Certificate of Formation
- Share Registry
- Share certificate per Shareholder
- Business license
- Lease Agreement
- Memorandum Of Association
How long will it take for the license to be issued?
The license will be issued within a day following the completion of formalities.
Can a license be upgraded from 0 visa to visa packages?
Yes, license can be amended without any amendment fee.
Is it possible to downgrade visa package?
It is possible to downgrade within visa packages, but not between visa and non-visa packages.
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