Free zones are areas designated by governments to promote foreign investment, international trade, and economic growth. The United Arab Emirates (UAE) is home to over 40 free zones, each with unique advantages and incentives for businesses. One of these free zones is the Meydan Freezone, located in the heart of Dubai.
Meydan Freezone offers businesses a strategic location in Dubai, with easy access to key transportation hubs such as Dubai International Airport and Jebel Ali Port. It also provides a range of business incentives, such as 100% foreign ownership, no corporate or personal income taxes, and no customs duties on imports and exports. Additionally, Meydan Freezone offers state-of-the-art facilities and infrastructure for businesses to operate efficiently, including offices, warehouses, and manufacturing facilities. As a result, Meydan Freezone has become a popular destination for businesses in industries such as technology, manufacturing, and logistics, seeking to establish a presence in Dubai and the wider Middle East region.
Read on as we provide an overview of the Meydan Freezone, its benefits, and the types of businesses that can benefit from operating in this free zone.
The Meydan Freezone: A Brief Overview
The Meydan Freezone is a state-of-the-art development project launched by the Meydan Group in 2018. The free zone is strategically located next to Dubai’s central business district and Dubai International Airport. The Meydan Freezone spans over 3 million square feet and offers a wide range of business activities, including offices, logistics, research and development, and light manufacturing. The free zone also offers world-class infrastructure, advanced technology, and excellent connectivity, making it a prime location for businesses looking to expand internationally.
The Benefits of Meydan Freezone
The Meydan Freezone offers several benefits for businesses looking to establish a presence in the UAE. One of the main advantages of the Meydan Freezone is 100% foreign ownership. This means that businesses can fully own and operate their company without the need for a local partner. The free zone also offers 0% corporate and personal income tax, making it an attractive location for businesses looking to reduce their tax liabilities.
Another benefit of the Meydan Freezone is the ease of doing business. The free zone offers a streamlined incorporation process, with a dedicated team of professionals to assist with company registration, licensing, and visa services. Businesses can also benefit from the free zone’s flexible leasing options, with the ability to lease office space, warehouses, and land on a short-term or long-term basis.
The Top 3 Types of Businesses in Meydan Freezone
The Meydan Freezone caters to a wide range of business activities, including but not limited to:
1. Technology and Innovation
The Meydan Freezone offers a state-of-the-art technology infrastructure, making it an ideal location for companies in the technology and innovation sector. The free zone offers advanced research and development facilities, as well as access to a pool of skilled professionals and talent.
2. Logistics and Warehousing
The Meydan Freezone offers excellent connectivity to Dubai’s major highways and ports, making it an ideal location for logistics and warehousing companies. The free zone offers a variety of warehouses and storage facilities, as well as value-added services such as customs clearance and freight forwarding.
3. Light Manufacturing
The Meydan Freezone offers an ideal location for light manufacturing companies looking to set up their operations in the UAE. The free zone offers access to advanced manufacturing facilities, as well as a skilled workforce and a supportive business environment.
The Meydan Freezone is a world-class development project that offers a wide range of benefits for businesses looking to expand internationally. The free zone offers 100% foreign ownership, 0% corporate and personal income tax, and a streamlined incorporation process, making it an attractive location for businesses of all sizes and sectors. With its strategic location, advanced technology, and excellent connectivity, the Meydan Freezone is an ideal location for businesses looking to establish a presence in the UAE.
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