Meydan Free Zone Company Setup ᐅ Make the right choice!

ᐅ What is the process for company formation in Meydan Free Zone?
To set up a company in Meydan Free Zone, you first need to submit your application for the desired business activity. This includes providing necessary documents such as your business plan, passport copies of shareholders, and identification of company representatives. Upon approval, you will need to complete the payment for the license and proceed with the registration of your trade name.

ᐅ What types of licenses are available in Meydan Free Zone?
Meydan Free Zone offers several types of licenses depending on the business activities. These include commercial licenses for trading activities, industrial licenses for manufacturing, and service licenses for various professional services. We can help you determine the right license for your business needs.

ᐅ How long does it take to obtain a Meydan Free Zone license?
The timeline to obtain a Meydan Free Zone license can vary, but generally it takes about two to four weeks from the submission of all required documents. Our team at Cassius Law can expedite the process and ensure that you meet all regulatory requirements efficiently.

ᐅ Are there any minimum capital requirements for setting up a company in Meydan Free Zone?
Yes, there are minimum capital requirements which depend on the type of license and the nature of your business activities. For many businesses, the minimum share capital is set at AED 50,000, but certain activities may require a higher capital investment. We provide tailored advice to help you understand your specific requirements.

ᐅ What are the benefits of setting up a company in Meydan Free Zone?
Setting up a company in Meydan Free Zone offers numerous advantages such as 100% foreign ownership, 100% repatriation of profits and capital, and exemption from personal income tax. Additionally, the location provides access to key infrastructure and business support services.

ᐅ Can I apply for a residence visa through my Meydan Free Zone company?
Yes, establishing a business in Meydan Free Zone allows you to apply for a residence visa. The number of visas available is typically based on the size of your business and the office space you acquire. Our experts can assist you through the application process.

ᐅ Is it necessary to have a physical office in Meydan Free Zone?
Yes, having a physical office is a requirement for obtaining a license in Meydan Free Zone. However, there are flexible options such as shared offices or serviced offices if your business doesn’t need a large space. We can help you find a suitable office solution.

ᐅ Do I need to hire local sponsors in Meydan Free Zone?
No, one of the main advantages of Meydan Free Zone is that you do not need a local sponsor to set up your company. You can fully own your business. This allows for greater flexibility and control over your operations.

ᐅ What types of businesses can be set up in the Meydan Free Zone?
Meydan Free Zone accommodates a wide range of business activities, including trading, consultancy, logistics, and more. We can guide you on the appropriate classifications for your business activities and ensure compliance with local regulations.

ᐅ How can Cassius Law assist in the Meydan Free Zone company setup process?
At Cassius Law, we facilitate every aspect of your company setup in Meydan Free Zone. From assessing your business requirements and securing the necessary licenses to handling legal documentation and providing ongoing support, we are committed to making your business setup as smooth as possible.

ᐅ What ongoing compliance requirements must I meet after setup?
After setting up your company, you are expected to comply with various reporting and regulatory obligations, such as filing annual financial statements and renewing your business license. We offer comprehensive services to help you maintain compliance and manage these requirements efficiently.

ᐅ Can foreign entrepreneurs own 100% of their company in Meydan Free Zone?
Absolutely! One of the key features of Meydan Free Zone is that foreign entrepreneurs are allowed to have 100% ownership of their companies. This makes it an attractive option for international businesspeople looking to establish a presence in the region.

ᐅ What are the taxes applicable to businesses in Meydan Free Zone?
Companies established in Meydan Free Zone benefit from a tax-free environment, with no corporate tax imposed for a period of 50 years, renewable thereafter. Additionally, there are no personal income taxes, making it a financially favorable location for business growth.

ᐅ Is it possible to change the business activity after obtaining a license in Meydan Free Zone?
Yes, you can modify your business activity; however, this process involves submitting an application for a license amendment and fulfilling certain criteria. We can assist you with the necessary steps to ensure a seamless transition.

ᐅ What documents are needed for setting up a company in Meydan Free Zone?
You typically need to provide passport copies of shareholders, a business plan, and potentially other documents depending on the specifics of your company formation. Our experienced team can guide you in preparing the required documentation.

If you are considering setting up a company in Meydan Free Zone or need assistance navigating the complexities of business formation, Cassius Law is here to help. We are committed to providing professional legal support and solutions to meet your business needs. Contact us today for expert guidance tailored to your specific requirements.