Meydan Free Zone (MFZ)
Meydan Free Zone Authority, Dubai
Description
Established in 2009 under Ruler’s Decree No. 5, Meydan Free Zone (MFZ) is a dynamic economic free zone located in the heart of Dubai, UAE. Positioned near Mohammed Bin Rashid Al Maktoum City and the Dubai Logistics Corridor, MFZ offers a strategic location for businesses seeking growth and innovation. The free zone provides modern infrastructure, flexible office solutions, and a business-friendly environment, catering to a wide range of industries.
| Emirate | Dubai |
| Website | https://www.meydanfz.ae/ |
| Contact Email | info@meydanfz.ae |
| Contact Info |
Phone: +971 4 777 7222
Address: Meydan Free Zone, Meydan Racecourse, Al Meydan Road, Nad Al Sheba, Dubai, UAE
|
| Year Established | 2009 |
| License Types | Professional License, Commercial License |
| License Cost | AED 12,500.00 - License fees vary based on the type of license and business activity. :contentReference[oaicite:0]{index=0} |
| Formation Cost | AED 12,500.00 - Formation costs depend on the chosen license type, facility, and business activity. :contentReference[oaicite:1]{index=1} |
| Minimum Capital Requirement | Meydan Free Zone does not specify a minimum share capital requirement, allowing flexibility for businesses. :contentReference[oaicite:2]{index=2} |
| Allowed Business Activities | Consultancy Services, IT Services, Trading, E-Commerce, Marketing, Media, Real Estate, Manufacturing |
| Company Legal Structures | Free Zone Establishment (FZE), Free Zone Company (FZCO), Branch of a Foreign Company, Branch of a UAE Company |
| Allowed Activities | Consultancy Services, IT Services, Trading, E-Commerce, Marketing, Media, Real Estate, Manufacturing |
| Restricted Activities | Activities requiring special approvals from UAE authorities |
| Investor Visa Cost | Visa costs vary based on the investor's profile and specific requirements. |
| Employee Visa Cost | Visa costs vary based on the employee's role and specific requirements. |
| Maximum Visas per Company | 6 |
| Processing Time (Days) | 28 days - The company formation process typically takes between 2 to 4 weeks to finalize, depending on documentation and approvals. |
| Physical Office Required | No |
| Office Space Options | Co-working Spaces, Private Offices, Virtual Offices |
| Office Space Cost | Office space costs vary based on size, location, and facility specifications. |
| Virtual Office Available | Yes |
| Bank Account Assistance | Yes |
| Bank Account Cost | Assistance is provided; costs may vary depending on the chosen bank. |
| Partner Banks | Emirates NBD, Mashreq Bank, RAKBANK, Dubai Islamic Bank, Abu Dhabi Islamic Bank |
| Governing Laws | Operates under UAE federal laws and Dubai regulations. |
| VAT Registration Required | Yes |
| Corporate Tax Applicable | No |
| Annual Audit Required | Yes |
| Renewal Fees | Annual renewal fees vary based on the type of license and business activity. |
| Business Restrictions | Specific activities may require additional approvals. |
| Ownership Structure | 100% foreign ownership permitted |
| Import/Export Restrictions | No Standard customs regulations apply; specific activities may require additional approvals. |
| Benefits | 100% foreign ownership, Full repatriation of profits and capital, Exemption from personal and corporate taxes, No customs duties on goods and services, Strategic location with proximity to key Dubai landmarks, Comprehensive infrastructure tailored for various industries, Access to a diverse business community, Flexible office solutions, including virtual offices, Digital platform for seamless business operations |
| Drawbacks | Primarily focused on service-oriented industries |
| Specific Compliance Requirements | Compliance with UAE federal laws and Dubai regulations, Adherence to industry-specific standards and practices |
