Meydan free zone is an entirely free zone in Meydan stadium, situated in Dubai. It is one of the most well-known free zones near Mohammed Bin Rashid Al Maktoum City, near downtown Dubai. Meydan free zone is well-known for its no taxation, no currency payment, internet connectivity, and 100% ownership. It is the best place for those who do not have a permanent workspace.

How has Meydan free zone benefited the investors?

Meydan Stadium, where the free zone is situated, was built to connect the world with the Emirate of Dubai. This is done by hosting international events; The Meydan project also has vast hotels, sports courts, games, fun activities, hotels, schools, etc. Here’s how it is helpful for investors.

• It is easy to set up a meaningful business in the Meydan-free zone. Investors can operate their business through a facility called a flex desk.
• There is a 100% guarantee of gaining profit by investing and being able to repay the loan.
• The registration process is seamless.
• Safe and fastest-growing business environment
• Licensing and registration process to set up any business is easy.

Types of license Meydan free zone offers:

To run a specific business here, you need a specified license. The types of licenses that Meydan free zone offers are mentioned below:

1. License for consultation: This allows a business person to legally run his management, business, and other consultancy services.
2. License for the trading of goods: It is a license is called a commercial license mandatory for importing, exporting, trading, and distribution of goods. But they have not begun to provide warehouse services yet.
3. Media license: These include licensing for brand promotion, marketing, advertising, publishing, and other media-related services.

Some facts to know before investing in Meydan free zone.

• Legal entities permit sole establishments, startups, companies with limited liability, and branches of foreign companies.
• The minimum number for shareholders is 1 and 7, and the maximum number for directors is 1 only.
• The companies shall appoint one auditor, manager, and director each.
• The companies here fall under the UAE law and some other general laws of Dubai.

Conclusion:

Meydan free zone has not started to provide physical offices, but its flex desk facilities are well-known. Each investor can get at least one desk only for up to 4 hours, the cost of which is AED 21,500 for one year. Each person can rent up to one desk only. It is the best opportunity for freelancers, startups, new business people, etc.