Meydan Free zone License: A Complete Overview
Meydan free zone is a rapidly growing business hub located in Dubai, United Arab Emirates (UAE), that offers a range of business-friendly services and infrastructure to entrepreneurs and businesses of all sizes. One of the most crucial requirements for starting a business in the Meydan free zone is obtaining a license. This article will provide a complete overview of the Meydan freezone license, including its types and benefits.
Types of Meydan free zone license:
Two types of Meydan free zone licenses are available for businesses in the free zone: commercial and service. The commercial license is ideal for businesses engaged in commercial activities, such as trading or buying and selling goods. In contrast, the service license is suitable for businesses offering services.
Benefits of Meydan’s free zone license:
Tax benefits:
One of the most significant benefits of the Meydan free zone license is its 100% tax exemption on corporate and personal income tax for up to 50 years. This can be a significant advantage for businesses looking to maximize profits and save on taxes.
Company setup:
The Meydan free zone license offers a streamlined company setup process that can be completed within days. This can save entrepreneurs valuable time and resources and allow them to focus on business operations.
Business infrastructure:
The Meydan free zone provides world-class business infrastructure and state-of-the-art facilities, including office space, warehouses, and storage units, to support the growth and success of businesses in the free zone.
Flexibility:
The Meydan free zone license offers a flexible business setup option that allows entrepreneurs to choose their company structure, including the type of legal entity, shareholding structure, and ownership.
Free trade:
The Meydan free zone offers a free trade environment, allowing businesses to import and export goods without customs duty or other taxes.
The Meydan free zone license is a crucial requirement for entrepreneurs who want to set up a business in the Meydan free zone. The free zone offers two types of licenses, commercial and service. It provides various benefits, including tax benefits, streamlined company setup, world-class business infrastructure, flexibility, and a free trade environment. By obtaining a Meydan Freezone license, entrepreneurs can take advantage of the opportunities offered by the free zone and grow their businesses successfully.
