MFZ — Meydan Free Zone Company Setup
About MFZ
The Meydan area in the center of New Dubai is home to the Meydan Free Zone (MFZ), an economic free zone. In 2009, the Dubai government created it. MFZ provides businesses with a convenient position close to Mohammed Bin Rashid Al Maktoum City and the Dubai Logistics Corridor.
Its attraction to investors looking for great places for corporate installations is increased by its close proximity to important commercial hubs, such as Dubai International Airport, as well as various amenities and entertainment venues.
This free zone offers several unique benefits, such as minimal license and business establishment expenses, remote company formation, and renting an office outside of the Meydan Free Zone—a unique and very flexible choice in Dubai.
Additionally, up to six residency visas without a physical office are allowed.
It is safe to use MFZ if you are searching for a quick, simple, remote, and extremely affordable business setup in Dubai. Alternatively, we would suggest looking at other emirates or comparable free zones in Dubai, such as IFZA, when it comes to business operations and setup expenses.
Is MFZ suitable for your business?
— Yes
- If you intend to work in the media, consulting, professional services, or retail industries.
- MFZ is considered the most economical and cost-effective free zone in the Emirates, making it the ideal choice if you’re searching for a low-cost business setup solution in Dubai.
- MFZ is located in the Meydan Hotel, which is close to Downtown Dubai, the Dubai Logistics Corridor, and Dubai International Airport. This is ideal if you want your company’s headquarters to be in the center of Dubai with excellent logistical customers.
- If your business plan allows you to use an office, co-working space, or flex desk instead of warehouses or other industrial facilities.
— No
If you work in logistics or manufacturing and require huge production areas, transportation hubs, and warehouses.
Meydan Free Zone company formation process
Business setup at the Meydan Free Zone can take anywhere from six to eight working days, beginning on the day the necessary paperwork is submitted. It is not required to visit the free zone in order to complete the visa application process; MFZ company setup can be completed remotely.
Step 1: Choose your business activities and license type
Choose the license type that corresponds to the business operations of your future enterprise. This is a crucial component of starting a business because selecting the incorrect license and activity might result in mistakes being made when registering the company, which can cause issues when opening a bank account or even prevent it altogether.
Keep in mind that MFZ allows a maximum of 10 activities under a single license, three of which are free.
Step 2: Determine the legal entity of your business
Specify your company’s legal standing in the Meydan Free Zone. FZ LLCs (Free Zone Limited Liability Companies) and subsidiaries of pre-existing companies established in other free zones, on the Dubai mainland, or overseas are among the company formation options offered by MFZ.
Step 3: Prepare and file the required documentation
Collect the paperwork the free zone authority requires, submit it with a completed application, and pay the fees. MFZ needs the set of documents shown below:
- Your passport with 6 months validity
- Visa copy (if applicable)
- Passport and visa copies of shareholders
- 3 company name options according to preference
- Confirmation of business activity
- Residential address
- Mobile number
It usually takes 6–8 days to finish the registration process, which can be done remotely without your personal presence. Keep in mind that different sets of paperwork are needed for corporate shareholders, individual shareholders, and company branches.
Step 4: Collect the license and registration documents
Get the company’s license and registration documents, which include:
- Certificate of Incorporation
- Trade license
- Articles of Association
- Memorandum of Association
- Lease agreement
Step 5: Secure your Establishment Card
Get the Establishment Card with your company’s details and visa quotations.
Step 6: Apply for an entry permit
Apply for a permit of entrance. If you are not in the UAE when the entry permit is being processed, you will have to return within 60 days of the document’s issue to finish the biometrics and medical examination required for your visa.
The status of your prior UAE tourist or resident visa will be changed to the new one if you are in the country when the entry permit is granted.
Step 7: Take a medical test and submit visa documents
Complete a medical examination and apply for a residency visa. The number of visas available for the company’s owners and employees may vary depending on the registration package. Please be aware that procedures related to visas at MFZ require your presence.
Step 8: Collect your Emirates ID
Get your Emirates ID card as soon as your visa is granted.
Step 9: Open a bank account
To open a corporate bank account, submit an application to a UAE bank. Sometimes, it takes a month for the bank to approve. You can begin operating your business as soon as you get your account details.
Don't miss out on this limited-time opportunity!
We'd Love To Hear From You
contact us
Find us Here
Office No 20, 4th Floor, Al Moosa Tower 2,
Sheikh Zayed Road Dubai, United Arab Emirates P.O. Box 27614.
Get In touch
+971 4 824 4842
info@jsbincorporation.com
Send Your Inquiry
MFZ license costs
The cost of a Meydan Free Zone license starts at AED 12,520 and depends on the volume of business operations and visa requirements. This licensing bundle includes a flex desk, three business activities, and company registration expenses.
| TYPE OF LICENSE | COST, AED |
|---|---|
|
Zero-visa license |
This package is appropriate for people who already have UAE residency or don’t need it. The pricing includes a flex desk, setup fees, and a license for three business activities. |
|
1-visa license |
The package includes a flex desk, setup fees, one visa quota, and a license for three business activities. |
|
3-visa license |
This package is appropriate for small groups because it permits three visa quotas for your partners or employees. Perfect for a family business or startup. |
Of course, additional options for company formation in Meydan Free Zone for business setup that involve more office space, more business activities, and more visa quotas will cost more. Along with the visa expenses, the licensing package consists of:
- MFZ license fees
- MFZ Establishment Card
- MFZ visa fee
- Medical checkup
- Emirates ID
MFZ licenses and business activities
Over 2,500 operations are listed in the Meydan Free Zone’s business activity list, which is divided into three license categories. Under a single Meydan Business License, you can choose one or more activities, and even without a rented office, you can engage in up to 10 business activities, three of which are free.
The types of business licenses that MFZ supports are listed below, along with a description of each.
Gold Trading License
Investment in gold is always rewarding. In the extremely profitable UAE market, purchase and sell gold and precious metals with a gold trading license.
Typing Center License
The UAE has a sizable expat population, which has led to a high need for document processing services. Help people with their papers by opening your typing center.
Audit and Accounting License
Provide financial services, such as tax advice, auditing, and accounting.
Professional License
You can provide specialized services in areas including consulting, management, education, real estate, and more if you have a professional license.
Commercial License
The basis of the economy is trade. You can start a retail, wholesale, or import-export company with a commercial license, giving you access to both domestic and international markets.
Oil Trading License
You may access lucrative activities and worldwide cooperation in a strategically important area of the global energy industry with an oil trading license in the United Arab Emirates.
Consultancy License
With a consulting license, you can assist companies in expanding and developing by providing expert counsel to corporations and individuals in fields like finance, marketing, and business.
Media License
Do you possess the creativity and know-how to create media content? Produce and distribute media-licensed content in areas such as marketing, PR, media, and advertising.
Gents Salon License
Many guys in the United Arab Emirates are concerned about their appearance. With a men’s salon license, open a barbershop where you can provide haircuts and grooming services.
Foodstuff Trading License
In the UAE, there is an increasing demand for high-quality cuisine. A foodstuff trading license allows importing, distributing, and selling food items.
Project Management License
In the United Arab Emirates, major business projects are carried out on a daily basis. With a project management license, you may assist businesses in successfully completing challenging projects.
Technical Services License
You can offer a variety of technical services, such as equipment installation, maintenance, and repairs, to businesses and individuals in the United Arab Emirates with this license.
Cafeteria / Tea Shop License
Opening an adequate coffee shop or tea house is an excellent business idea because the UAE is full of people who enjoy coffee and dessert, especially in busy neighborhoods or shopping malls.
Bakery License in Dubai
Have you ever thought about opening your bakery and spreading the smell of freshly baked products around the neighborhood? Coffee and sweets are popular in the UAE.
IT License
Launch your software development or IT consulting company in the expanding UAE market.
Car Wash License
The automobile market in the United Arab Emirates is one of the fastest-growing in the area. With a steady demand from automobile owners, a car wash license provides a path to steady revenue.
E-Commerce License
Use social media and online platforms to sell products and services inside and outside the United Arab Emirates with an e-commerce license.
MFZ facilities
Whether you are a major corporation or a small startup, Meydan Free Zone provides an excellent range of services for conducting business.
The accommodation options offered by the Meydan Free Zone are listed below.
Flexi desk: A smart desk, flex office, or hot desk. A non-dedicated workstation with minimum amenities in a coworking space in a free zone.
Dedicated office: A single company’s private office with complete privacy and control over the area.
Co-working space: A shared office setting is perfect for networking and flexible work schedules when several companies share a single workspace.
This free zone is housed within the Meydan Hotel’s grounds and enjoys a prime location in the center of Dubai, next to the Downtown area. Thus, you can rent an office here and enjoy views of the Meydan Golf Course, the Burj Khalifa, and the horse racing track.
MFZ permits renting an office in any business center outside the free zone for those who do not require this central location.
MFZ residence visas
MFZ visa costs (AED):
| Applicant | VISA FEES, AED | MEDICAL CHECK, AED | EMIRATES ID, AED |
|---|---|---|---|
|
Partner/Investor |
4,000 |
755 |
390 |
|
Employee |
3,500 |
755 |
390 |
Entry permits can be obtained when the applicant is not in the United Arab Emirates, but the applicant must physically be there for the remaining visa-related procedures.
You must meet these requirements in order to bring your family to the United Arab Emirates and get dependent visas, commonly referred to as family visas, for them:
- Rent an apartment in the United Arab Emirates. The sponsor must be listed on the tenancy agreement.
- The UAE Ministry of Foreign Affairs and the UAE Embassy in the children’s home country should attest to the marriage and birth certificates.
- The marriage and birth certificates should be translated into Arabic.
MFZ company license renewal
The Meydan Free Zone’s license renewal procedure is easy and straightforward. The cost is the same as the registration fee for a first-year license plus any additional applicable fees.
| Fee | Cost, AED |
|---|---|
|
MFZ license renewal (for zero-visa package) |
12,520 |
Remember that no fees are associated with changes made during a company renewal. Make sure you fill out an application and send it to the free zone authorities together with the necessary paperwork, pay the renewal fees, and then wait for your license to be renewed in order to renew your MFZ business license.
MFZ company amendments and regulations
There are no charges for amendments if you wish to make any changes to your business during the renewal. Meydan Free Zone also charges AED 2,000 for any changes that are not made at the time of license renewal. Any modification or deletion of commercial activity is regarded as a license amendment.
There are no charges for amendments if you wish to make any changes to your business during the renewal. Meydan Free Zone also charges AED 2,000 for any changes that are not made at the time of license renewal. Any modification or deletion of commercial activity is regarded as a license amendment.
| Service | Cost, AED |
|---|---|
|
MFZ company amendment |
2,000 |
|
Business activity removal or modification |
1,000 |
|
Adding an extra shareholder (after exceeding the default limit of 6) |
2,000 per shareholder |
The following is a list of corporate changes that MFZ supports:
- Changing the company name
- Changing managers/shareholders
- Changing the company’s business activities
- Appointing or resigning positions
- Transferring company shares
- And others
Initiate the amendment by contacting your business setup consultant or the MFZ authorities, paying the amendment charge, and then waiting for the amendment confirmation to make changes to your company.
MFZ company liquidation
MFZ is among the most cost-effective free zones in terms of liquidation expenses. They are aware of how important it is to simplify the liquidation procedure. In order to finish the process, you must cancel the residency visas under the company, pay the relevant liquidation fees, and undergo a liquidation audit with an approved UAE auditor.
| Service | Cost, AED |
|---|---|
|
MFZ company liquidation |
2,000 |
The following will be the liquidation process:
- Provide the following mandatory documents:
- board resolution outlining the reasons for the company’s liquidation and signed by the shareholders
- deregistration documentation
- visa cancellation documentation
- copies of passports and visas for all visa holders
- audit report
- Pay cancellation fees and other remaining balances.
- Following this, the shareholder visa cancellation procedure begins.
- Your email will get the deregistration letter verifying your company’s termination.
At MFZ, the corporate liquidation process takes around a month to complete.
Conclusion
JSB Incorporation stands out as a trusted partner for seamless business setup in the Meydan Free Zone (MFZ). With its expertise in navigating Dubai’s dynamic regulatory landscape, JSB ensures a hassle-free company formation process tailored to your business goals.
From securing essential approvals to offering post-incorporation support, their comprehensive services cater to entrepreneurs, SMEs, and global investors.
Book a free consultation call today with JSB’s experts and get started on your business setup in UAE-free zones.
FAQs
Meydan Free Zone supports various business activities, including trading, consulting, and IT services.
Yes, Meydan Free Zone allows 100% foreign ownership for all registered businesses.
Businesses in Meydan Free Zone enjoy 0% corporate tax and no VAT on export services.
Yes, Meydan Free Zone assists with opening corporate bank accounts in Dubai.
Meydan Free Zone provides various office solutions, including flexi-desk and private office spaces.
Don't miss out on this limited-time opportunity!
We'd Love To Hear From You
contact us
Find us Here
Office No 20, 4th Floor, Al Moosa Tower 2,
Sheikh Zayed Road Dubai, United Arab Emirates P.O. Box 27614.
Get In touch
+971 4 824 4842
info@jsbincorporation.com
