MFZ company formation process

The timeframe of business setup at the Meydan Free Zone can vary from 6 to 8 work days starting from the date of submission of all the required documents. MFZ business setup can be done remotely, visitation to the free zone for the visa process is not required.

Expert

With us you can navigate this process quickly and effortlessly. You don`t even have to arrive in Dubai — the registration procedure can be completed remotely. However, you will need to visit the UAE for medical checkups, visa formalities, and account opening.

MFZ license costs

The cost of a Meydan Free Zone license depends on the number of business activities and visa quotas and starts from AED 12,520. This license package includes 3 business activities, company registration fees, and a flexi-desk.

TYPE OF LICENSECOST
Zero-visa license. This package suits those who either don't need UAE residency or already have one. The price includes a license with 3 business activities, setup costs, and a flexi-desk.12,520 AED
1-visa license. This package includes a license with 3 business activities, setup costs, a flexi-desk, and 1 visa quota.14,370 AED
3-visa license. This package is suitable for a small team, as it allows for 3 visa quotas for your partners or employees. A great fit for a startup or family business.18,070 AED

Naturally, other company formation options with increased office space, more business activities and more visa quotas will come at a higher price. The license package with the visa fees includes:

  • MFZ license fees
  • MFZ Establishment Card
  • MFZ visa fee
  • Medical checkup
  • Emirates ID

Elena O.

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Meydan Free Zone Company Formation

CEO, Emirabiz

Andrey Ovchinnikov

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Is MFZ suitable for your business?

Low license and business setup costs

Fully remote company formation

Option to rent an office elsewhere outside the MFZ

Yes

  • If you are planning to engage in activities related to media, consulting, professional services, or retail.
  • If you are looking for a low-cost business setup solution in Dubai, as MFZ is considered the most cost-effective and affordable free zone in the emirate.
  • If you want your company’s office to be positioned in the heart of Dubai with prime logistic opportunities, as MFZ occupies the premises of Meydan Hotel located near Downtown Dubai, the Dubai Logistics Corridor, and Dubai International Airport.
  • If your business model does not require warehouses or industrial facilities and instead can make use of a flexi-desk, co-working space, or office.

You can also consider similar-priced free zones in Dubai, like IFZA, or company formation in other emirates, such as the UAQ Free Zone.

No

  • If you are involved in manufacturing or engage in logistics and need warehouses, transport hubs, and large production spaces. For these business activities, we recommend RAKEZ or JAFZA free zones.

MFZ licenses and business activities

Meydan Free Zone’s business activity list includes more than 2,500 activities grouped under 3 different license types. You can choose either one or multiple activities, with up to 10 business activities, 3 of which are free, under a single business license, even without a rented office. The full activity list of MFZ can be found here.

Below you can find the categories of business licenses supported by MFZ and their descriptions.

You can also engage in such business activities as light manufacturing (tailoring or textile printing) or logistics provided that you have the necessary facilities outside the territory of the Meydan Free Zone.

Elena O.

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MFZ facilities

Meydan Free Zone offers a great selection of facilities for carrying out your business whether it is a small start-up or a large company.

Below are the accommodation options available at the Meydan Free Zone.

This free zone resides within the premises of Meydan Hotel and boasts a prime location at the very heart of Dubai and in close proximity to the Downtown area. So, here you can rent an office and enjoy the views of Burj Khalifa, horse racing track, and Meydan Golf Course.

For those who don’t need this central location, MFZ allows for renting an office in any business center outside the free zone.

MFZ residence visas

MFZ visa costs

 VISA FEESMEDICAL CHECKEMIRATES ID
Partner/Investor4,000 AED755 AED390 AED
Employee3,500 AED755 AED390 AED

Entry permits can be processed while the applicant is outside the UAE, while the rest of the visa-related procedures require the physical presence of the applicant.

If you want to bring your family to the UAE and open dependent visas also known as family visas for them, you need to satisfy these requirements:

  1. Rent an apartment in UAE. The tenancy contract must be in the name of the sponsor.
  2. Attest the marriage certificate and birth certificate of the children in the UAE Embassy in the country of origin and in the Ministry of Foreign Affairs in the UAE.
  3. Translate the marriage and birth certificates into Arabic.

Complete UAE Residency Guide

Requirements, terms, and prices

download guide

MFZ company license renewal

The license renewal process at the Meydan Free Zone is easy and straightforward. The price is the same as the first-year license registration cost plus additional costs (if applicable).

FEECOST
MFZ license renewal (for zero-visa package)12,520 AED

Note that no amendment charges are applied for making changes during company renewal. To renew your MFZ business license, make sure you, submit an application form with the required documents to the free zone authorities, pay the renewal fees, and wait for your license to be renewed.

MFZ company amendments

If you want to make any changes in your company during the renewal, there are no amendment charges. Meydan Free Zone additionally charges AED 2,000 for any amendments that are not done during the license renewal. Any removal or edit of business activity is treated as a license amendment.

SERVICECOST
MFZ company amendment2,000 AED
Business activity removal or modification1,000 AED
Adding an extra shareholder (after exceeding the default limit of 6)2,000 AED per shareholder

The list of company amendments supported by MFZ includes:

  • Changing the company name
  • Changing managers/shareholders
  • Changing the company’s business activities
  • Appointing or resigning positions
  • Transferring company shares
  • And others

To make changes to your company, initiate the amendment by contacting the MFZ authorities or your business setup consultant, pay the amendment fee, and wait for the amendment confirmation.

MFZ company liquidation

MFZ is one of the most affordable free zones when it comes to the cost of liquidation. They understand the importance of making the liquidation process as easy as possible. To complete the procedure, you will need to conduct a liquidation audit through an authorized UAE auditor, cancel the residency visas under the company, and pay the applicable liquidation fees.

SERVICECOST
MFZ company liquidation2,000 AED

The liquidation procedure will be the following:

1. Provide the following mandatory documents:

  • board resolution signed by the shareholders and stating the reason for the company liquidation
  • deregistration documentation
  • visa cancellation documentation
  • copies of passports and visas for all visa holders
  • audit report

2. Pay cancellation fees and settle other payments

3. After this, the process of the shareholder visa cancellation starts.

4. The deregistration letter will be sent to your e-mail confirming the cancellation of your company.

The timeframe of the company liquidation process at MFZ is around 1 month.

With us, you can navigate the liquidation process for your UAE company quickly and effortlessly, ensuring a smooth closure while saving valuable time and resources.

About MFZ

Meydan Free Zone (MFZ) is an economic free zone located in the heart of new Dubai in the Meydan area. It was established in 2009 by the Dubai Government. Positioned centrally near Mohammed Bin Rashid Al Maktoum City and the Dubai Logistics Corridor, MFZ offers a strategic location for businesses.

If you are looking for a fast, easy, remote, and very cost-effective company setup in Dubai, you can safely choose MFZ. Otherwise, we would advise considering similar free zones in Dubai in terms of setup costs and business activities, such as IFZA, or setting up in other emirates.

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