June 26, 2024

Importance of Meydan Free Zone for setting up a Business

meydan free zone

One of the biggest economic achievements of the UAE is its free zone. The “Global Free Zones of the Year 2023 Awards—Best Zones Overall” went to one of the Dubai Free Zones in 2023. There are currently around 40+ free zones in Dubai, and the Meydan Free Zone is one of them. The free zones of the UAE are mostly responsible for its 3.4% GDP growth in 2023 and its expected 4% GDP growth in 2024.

Meydan is a modern economic free zone located in the heart of Dubai. Being close to the emirate’s most significant landmarks offers investors a number of functional advantages. It provides possibilities for upscale living in addition to open office spaces and fully serviced offices that may accommodate all kinds of organisations, including commercial, consulting, investment, and administrative firms.

Why choose Meydan Free Zone for your business?

There are several reasons to choose the Meydan Free Zone; a few of them are below:

Easily Accessible Location

Meydan Free Zone enjoys a prime location within the Meydan District, directly connected to the iconic Meydan Racecourse. This positioning offers several benefits:

  • Accessibility: MFZ’s location near Dubai International Airport and excellent highway connectivity allow for easy movement of people, products, and cargo. 
  • Close to Business Hubs: The free zone’s close proximity to Dubai’s key business districts makes it simple to get in contact with both potential customers and an active business environment. 
  • Lifestyle Advantage: The Meydan District itself provides an exciting mix of places to stay, hotels, and recreational centres, making it an ideal place for business associates and staff to work.

Suitable Options for Business Growth

MFZ goes beyond exceptional location by offering a comprehensive package designed to foster business success:

  • Simplified Business Setup: The company formation procedure is made easier by the free zone authorities, enabling prompt and effective business registration. 
  • Wide Variety of Licenses: MFZ offers a wide range of business licenses to suit a variety of industries, allowing you to customise your operations to perfection. 
  • Competitive Fees: MFZ is a desirable choice for companies of all sizes due to its competitive pricing structures and bundles. 
  • 100% Ownership and Tax Benefits: Foreign investors are granted full ownership of their businesses in addition to a tax-free business environment that excludes both income tax and corporate tax. 
  • World-Class Infrastructure: The free zone offers cutting-edge business spaces with cutting-edge technology, such as meeting rooms, flexi desks, and dedicated offices.

Promoting creativity and cooperation

MFZ recognises the importance of a thriving business community and actively fosters collaboration and innovation.

  • Networking Events: Regular networking events and conferences connect businesses with potential partners, investors, and clients.
  • Business Support Services: MFZ offers a dedicated team to assist with business setup, visa processing, and ongoing operational support.
  • Cutting-Edge Technology: The free zone prioritises cutting-edge technology infrastructure, allowing businesses to leverage the latest advancements for enhanced efficiency and productivity.
  • E-commerce Platform: MFZ provides a special e-commerce platform to empower businesses looking to tap into the booming online market.

A Gateway to Diverse Markets

Meydan Free Zone’s strategic location within Dubai grants businesses unparalleled access to regional and international markets.

  • Proximity to Jebel Ali Port: The free zone’s proximity to Jebel Ali Port, one of the world’s busiest ports, facilitates efficient import and export operations.
  • Global Connectivity: Dubai’s status as a major air travel hub allows businesses to connect with international partners and clients with ease.
  • Free Trade Agreements: The UAE’s network of free trade agreements opens doors to a vast array of international markets.

A Good Community

MFZ goes beyond just being a business hub; it cultivates a vibrant community that fosters a positive work-life balance.

  • Strong residential neighbourhood: There are many different residential possibilities in the neighbouring Meydan District, meeting a range of needs and price points. 
  • Educational Facilities: For staff members who have families, the district’s schools guarantee that they can get a good education. 
  • Leisure and Entertainment: There are many places to stay, eat, and have fun that offer chances to relax and rest.

Advantages of the Meydan Free Zone

  • Obtain legitimacy and credibility by operating with a business license that has been approved by the Ministry of Foreign Affairs (MOFA).
  • With Meydan Free Zone’s assistance, you can open a bank account for your business with low complexity.
  • Become certified by the Dubai Chamber of Commerce and take advantage of the credibility and trust that come with being approved by such a prominent organisation.
  • With an incredible assortment of over 3500 business activities, you can select the ideal license to express your business potential.
  • Start working right away with the free flexi-desk that comes with your license, saving you money on initial office space costs.
  • Increase sales and expand your reach by taking advantage of the network of more than 20 reputable online marketplaces.
  • Take advantage of the freedom to open a branch office anywhere on the mainland of Dubai and yet enjoy the advantages of the free zone.
  • Retain total control over your company with the ability to repatriate funds and profits and 100% foreign ownership.
  • Take advantage of an intuitive and effective digital platform for faster operations administration, business setup, and more.
  • Get financial support by way of interest-free deferral plans from top banks, which help with cash flow issues.
  • Meydan Free Zone provides free corporate name verification to save time and guarantee name availability.

Conclusion

Meydan Free Zone is an attractive option for businesses looking to expand, whether they are established businesses or startups with good potential. With its strategic location, business-friendly environment, focus on innovation, and access to international markets, MFZ provides the ideal platform to launch, grow, and thrive.

Carefully consider your business needs and weigh the advantages of Meydan Free Zone against other options. If you seek a dynamic and supportive environment to propel your business to success, then Meydan Free Zone might just be the perfect fit. 

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Choose CDA as your business setup provider. 

CDA, being the leading business set-up service provider, is all set to provide you with the best business set-up services, which entail various services that can take your business to the next level in Dubai, UAE. CDA’s professionals can assist you in getting all the related approvals from the authorities to get the licenses, select the location for setting up the business, and ensure compliance with the laws of the land. Ensure cost-friendly services, PRO services, selecting the required licenses, etc., all at one stop. CDA’s team is always ready to provide you with the best services in Dubai. To learn more about the services, contact us now.