If you’re interested in relocating your business to Dubai, chances are you are already familiar with the various ways you can go about moving your professional life to the City of Gold. One of the most popular options are Dubai Freezones, or FTZs. These are special economic zones offering tax concessions and customs duty benefits to expatriate investors. Dubai is home to around 30 Freezones at present, one of the most popular ones being the Meydan.
The Dubai Meydan Freezone is a modern and state-of-the-art facility designed to cater to the needs of local and international businesses looking to set up their operations in the region. Though this seems like a perfect choice for foreign business owners and professionals, it’s important to fully understand how this works and what the bureaucratic requirements are before you decide to relocate your business to the Meydan freezone.
An overview of the Dubai Meydan Freezone
One of the most significant advantages of the Dubai Meydan Freezone is its strategic location, providing easy access to major transportation routes, including the Dubai Metro, Sheikh Zayed Road, and the Dubai International Airport.
Besides the convenient location, the Dubai Meydan Freezone also offers various incentives and benefits to businesses. These include 100% foreign ownership, 100% repatriation of capital and profits, zero corporate and personal income taxes, and no customs duty on imports or exports. With world-class infrastructure and modern amenities for businesses to operate efficiently, the business park is ideal for any foreign businesses looking to relocate their operations to Dubai. The Meydan Freeze is also home to a number of state-of-the-art offices, warehouses, and commercial spaces, as well as a range of recreational facilities, such as cafes, restaurants, and fitness centres.
As the Freezone is dedicated to promoting innovation and entrepreneurship, it hosts several business incubators and accelerators that provide support to startups and small businesses. These programs offer a range of services, including mentoring, funding, networking opportunities, and access to markets. And the Meydan is also home to several industry clusters, including technology, media, and healthcare, which create a conducive environment for companies to collaborate and innovate.
From a legal point of view, the Dubai Meydan Freezone operates under the Dubai Technology and Media Free Zone Authority (DTMFZA). This is responsible for the regulation and development of the various Freezones and for issuing licenses to companies. The authority has a streamlined and efficient licensing process, allowing businesses to set up their operations quickly and easily.
Overall, it’s clear that the Dubai Meydan Freezone offers a range of advantages and incentives for companies, making it an attractive destination for investment, particularly for companies in the technology, media, and healthcare industries. With its commitment to innovation and entrepreneurship, this Freezone is likely to become a leading hub for business and innovation in the coming years.
Why should you consider relocating your business to a Dubai Freezone?
On a practical level, relocating your business to one of Dubai’s Freezones means you can trade tax-free with minimal restrictions. Businesses in these zones will be able to produce, assemble, import and export goods without paying most of the charges incurred elsewhere. As Dubai is one of the world's most modern cities, the facilities for businesses set up are state-of-the-art.
Relocating to the Dubai Meydan Freezone will allow you to take advantage of some amazing innovations, from police robots to the Hyperloop - which will open in 2030.
Though Meydan is one of the most popular Freezones, there are around 40 scattered across the city, so choosing the right one will depend heavily on the requirements of your business. Freezones in fact vary in location, type of business supported, costs, and required paperwork. Relying on a specialist PRO (public relations officer) is the best way to understand what’s the best Freezone area for your needs. And this will also mean that you won’t have to navigate the intricate bureaucratic process of relocating your business alone, as the PRO will take care of it from start to finish.
At Time & Motion, we are experts in business set-up in Dubai Freezones, including Meydan. Our experienced PROs will take care of all the complex legal work that legitimises your business, so that you can focus on other aspects of your relocation.
How can Time & Motion help you relocate your business?
Dubai has grown from a few buildings in the desert in the 90s to one of the most modern, advanced cities in the world. Time & Motion have provided Dubai Freezone company setup services for over 10 years, helping businesses start their journey to a tax-free, duty-free life.
If you decide to rely on Time & Motion to relocate your business to one of Dubai’s Freezones, we have packages starting from 8,500 Dihrams, offering the following:
- Freezone Business Set Up
- Two-day set up
- Mainland Sponsorship
- Dedicated Account Manager
- 1 to 3-year Freezone Trade Licenses
- Document Screening and Submission
- Complete Ownership of Your Business
- English and Arabic Company Name Reservation
As there are many options for businesses to relocate to the City of Gold, our customers rely on us for our experience, expertise, and knowledge. Our public relation officers will spend time understanding your business before they research what the best Freezone is for your needs. Once we have identified the right Freezone for you, we will inform you on the type of paperwork we will need to complete, and the licenses and visas you will need.
Thanks to our government contacts, we can oversee the whole process to legalise your business set up, making it as smooth and hassle-free as it can be.