Denis Chernikov
← Company formation in the UAE

Company formation in Meydan.

In short: the licence starts at AED 12,500 and issues in 3–5 working days. A realistic first year costs AED 22,000–28,000. Banking: 2–6 weeks — good reception, helped by the dubai address.

Meydan Free Zone offers something IFZA does not: a Dubai address on the licence at roughly the same price. For clients whose counterparties read the address — European partners, banks, landlords — that detail matters more than it should. The zone is administratively straightforward and issues licences within a week.

What it actually costs

ItemAED
Licence, per year12,500
Desk or officeincluded
Establishment card~1,500
Immigration card~1,500
Each visa (permit, medical, Emirates ID, stamping)4,000–5,000
Basic health insurance, per person per year~1,500
Realistic first year22,000–28,000

Year two is the number nobody quotes: licence renewal, office renewal, card renewals, visa renewals, insurance, accounting, audit where required, and corporate tax filing. Budget from AED 20,000 for a single-shareholder service company.

Timeline

StageDuration
Name and activity approval1–2 days
Licence issue3–5 working days
Establishment and immigration cards3–5 days
Residency for the shareholder3–6 weeks
Corporate bank account2–6 weeks

Who this zone suits

Consultancy, e-commerce, media, professional services where a Dubai address carries weight.

What to watch

Like IFZA, base visa quota is minimal. And a Dubai address does not by itself make a bank comfortable — the activity wording still has to match the business.

The broader point holds for every zone: choosing on licence price alone is the most expensive mistake in this market. Banking reception varies enormously between zones and appears in no price comparison. Saving AED 7,000 on the licence regularly costs two months without a working account.

What I do

  • Establish whether Meydan is genuinely the right zone before anything is registered
  • Draft the activity list so it matches the transactions the company will actually run
  • Design the shareholding for tax treatment, succession and bank acceptance
  • Coordinate registration, cards and visas through licensed providers
  • Prepare the banking file so it answers compliance questions before they are asked
  • Hand over a company that is ready for a bank, not one that merely exists on paper

I do not execute the paperwork — licensed specialists do. What I sell is that one person designs the whole thing, chooses who does what, and answers for the outcome.

From AED 15,000

Jurisdiction selection, activity structuring and coordination of registration in Meydan. Zone fees, government charges and third-party costs are separate and paid directly by the client.

Common questions

How much does it cost to set up a company in Meydan?

The licence itself starts at around AED 12,500 per year. A realistic first year — including the desk or office, establishment and immigration cards, one visa and basic insurance — runs AED 22,000–28,000. Coordination and structuring from my side starts at AED 15,000; government and zone fees are paid by you directly.

How long does a Meydan licence take to issue?

3–5 working days for the licence itself, plus three to five days for the establishment and immigration cards. The company exists within one to two weeks. The bank account is the longer part.

Will a bank open an account for a Meydan company?

2–6 weeks — good reception, helped by the Dubai address. The deciding factors are whether the activity wording matches the actual business, how the ownership is structured, and whether the source of funds can be evidenced. An estimated 30–40% of new corporate account applications in the UAE were rejected or stalled in 2025.

How many visas does a Meydan package include?

0–1 in base package, depending on the package selected. This is worth establishing before registration: founders who plan to bring family and staff regularly discover the ceiling afterwards.

Is Meydan the right zone for my business?

It fits: Consultancy, e-commerce, media, professional services where a Dubai address carries weight. If your requirements differ — particularly on banking speed, visa quota or physical premises — another zone may serve you better, and that comparison should happen before anything is registered.

Can a free zone company invoice clients on the UAE mainland?

Not directly. A free zone entity generally needs a distributor, branch, service agent or dual licence to serve mainland customers. If most revenue will come from UAE corporate clients, retail or government tenders, mainland may be the correct structure despite the higher cost.

Reviewed by Denis Chernikov, Private Client Advisor, nine years in the UAE private client sector.

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