Why Meydan Freezone is best for entrepreneurs

DubaiNews Special

Dubai provides a unique global platform and connected ecosystem for entrepreneurs to launch, develop and grow ideas into startups. Meydan Free Zone, popularly known as Digital Free Zone, caters to successfully running entrepreneurial ventures with exceptional infrastructure and flexible visa options. Located 15 minutes away from Dubai International Airport near Mohammed bin Rashid Al Maktoum City, Meydan Free Zone allows to set up business in over 1,500 business activities.

The UAE was ranked first in Global Innovation and is one of the most innovative countries. Working to empower businesses with high connectivity to the world of business and innovation, Meydan Free Zone has become one of the most popular free zones for digital business setup, ranging from ‘digital nomad visas’ to e-commerce and online marketplace trading.

Meydan an ideal location for online businesses

Meydan is the only 24/7 digital free zone that offers entrepreneurs access to a world-class infrastructure and unrivaled networking possibilities to scale their businesses. It encourages SMEs to innovate and work towards building the future by building advanced initiatives.

Meydan Free Zone, with more than 4,000 companies and 1,200 licences issued in 2022, is an ideal free zone for freelancers and startups in Dubai. With state-of-the-art technology and real-estate provisions, Meydan offers a premium community with unparalleled resources.

Under Meydan Commerce, digital entrepreneurs can launch an online business and increase visibility in the leading e-commerce marketplaces like Amazon, Instagram, Facebook, or Noon. You can avail this facility when you register an e-commerce company and business licence for Meydan Commerce.

Meydan Free Zone also offers a 100% digital account with zero minimum balance through the Wio, a digitally integrated banking platform, available after the company formation.

Free zone companies can not work directly with companies on the mainland in the UAE. However, the Meydan Free zone partnered with Dubai Economy and Tourism (DET) can offer licences for 44 activities to conduct business with mainland and free zone companies legally, enjoying the benefits of a free zone.

The DET licence allows companies to expand and grow their business to a larger market outside the free zone. You can apply for a maximum of 10 activities under one licence.

Meydan free zone incentives

1. 100% Ownership with Limited Liability Company (LLC)
2. Zero personal or income tax
3. Connectivity
4. Easy digital bank account setup
5. Over 1,500 business activities
6. Prime location and vibrant community
7. Various visa options
8. 24/7 Office facilities

Flexi desk in Meydan Free Zone

With flexible working options, startups can opt for flexi desk packages available in the free zone. As a freelancer or small startup, a furnished office space with high-speed internet owns an enormous cost. Flexi desks rent a desk or chair in a co-working space for you!

However, you can also get a fixed or dedicated desk for your company or team with a long-term rental agreement and facilities available for flexidesk. So, you get specific desks set aside for you or your team in the office.

Licences available under Meydan Free Zone

Meydan Free Zone offers three licence types that cover over 1,500 business activities. These include:

1. Consulting licence: Consulting license allows companies to carry out economic activities such as management, human resources, consultancy, business, and other professional services.
2. Commercial licence: A commercial licence allows one to carry out activities such as import/export, trading, and distribution of goods and services.
3. Media licence: With a media licence, one can start a business in the media, advertising, and communication spheres.

Top Business activities in Meydan Free Zone

1. Online selling & Web Portals
2. Advertising & Marketing
3. Accounting, Book Keeping & Auditing
4. General Trading and E-commerce
5. Technical Services
6. Management & Real Estate Consultancy
7. HR & Recruitment

How can Ascent Partners help?

Ascent Partners is a boutique consultancy providing bespoke, end-to-end solutions from company formation to VAT Consultancy, Accounting and Bookkeeping services for entrepreneurs looking to set up their next venture in the UAE. We work alongside you to strategise, startup, and scale your business in Dubai.

Set up a Free Zone Company with us today! Get in touch with us today!