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Company setup in Meydan, Dubai

State dutyloading

Terms days

This company can engage in operating business support service activities, operating collection agencies and credit bureaus, providing bill or debt collection services, compiling credit and employment histories for individuals and businesses and providing this information to financial institutions and retailers, engaging in debt collecting, offering tax reclaim services, providing credit rating services, offering medical billing services, serving as a payment services provider, engaging in personal debt collection, conducting packaging activities on a fee or contract basis including bottling of liquids such as beverages and food, packaging of solids like blister and foil-covered packaging, securing packaging of pharmaceutical preparations, engaging in labeling, stamping, and imprinting, parcel-packing, gift-wrapping, offering gift wrapping services, re-packaging and refilling services, packing pharmaceuticals, bottling vehicle liquids, blending and bottling perfumes, providing labeling services, masking electronic gadgets, providing real-time closed captioning of live television performances of meetings and conferences, providing address bar coding services, offering bar code imprinting services, offering mail presorting services, providing repossession services, collecting parking meter coins, operating as independent auctioneers, administering loyalty programmes, offering other support activities typically provided to businesses, providing barcode services, clearing documents, offering commercial information services, facilitating medical treatment, operating a customer care center, offering car covering services, operating an employers and workers guidance center, organizing auctions, providing loyalty card services, managing a government transactions center, following up on document verification services, verifying documents and data, processing online government transactions, and organizing vehicle auctions.

About the company's activities

Types of activities

For setup of a company in Meydan Free Zone in the field of business support service activities N.E.C., the following group of business activity has been chosen:

Business Support Service Activities N.E.C. (group 829):
- 8290,00 - Business Support Service Activities N.E.C.;
- 8291,00 - Collection Agencies And Credit Bureaus;
- 8291,01 - Collection Of Payments For Claims And Remittance Of Payments Collected To The Clients, Such As Bill Or Debt Collection Services;
- 8291,02 - Compiling Of Information, Such As Credit And Employment Histories On Individuals And Credit Histories On Businesses And Providing The Information To Financial Institutions, Retailers And Others Who Have A Need To Evaluate The Creditworthiness Of These Persons And Businesses;
- 8291,94 - Debt Collecting;
- 8291,95 - Tax Reclaim Services;
- 8291,96 - Credit Rating Services;
- 8291,97 - Medical Billing Services;
- 8291,98 - Payment Services Provider;
- 8291,99 - Personal Debt Collection;
- 8292,00 - Packaging Activities;
- 8292,01 - Packaging Activities On A Fee Or Contract Basis, Whether Or Not These Involve An Automated Process:
  • Bottling Of Liquids, Including Beverages And Food;
  • Packaging Of Solids (Blister Packaging, Foil-Covered Etc.);
  • Security Packaging Of Pharmaceutical Preparations;
  • Labeling, Stamping And Imprinting;
  • Parcel-Packing And Gift-Wrapping.
- 8292,93 - Gift Wrapping Services;
- 8292,94 - Repackaging & Refilling Services;
- 8292,95 - Pharmaceuticals Packing;
- 8292,96 - Vehicle Liquids Bottling;
- 8292,97 - Perfumes Blending & Bottling;
- 8292,98 - Labeling Services;
- 8292,99 - Electronic Gadgets Masking Services;
- 8299,00 - Other Business Support Service Activities N.E.C.;
- 8299,02 - Real-Time (I.E. Simultaneous) Closed Captioning Of Live Television Performances Of Meetings, Conferences;
- 8299,03 - Address Bar Coding Services;
- 8299,04 - Bar Code Imprinting Services;
- 8299,06 - Mail Presorting Services;
- 8299,07 - Repossession Services;
- 8299,08 - Parking Meter Coin Collection Services;
- 8299,09 - Independent Auctioneers;
- 8299,10 - Administration Of Loyalty Programmes;
- 8299,11 - Other Support Activities Typically Provided To Businesses Not Elsewhere Classified;
- 8299,84 - Barcode Services;
- 8299,85 - Documents Clearing Services;
- 8299,87 - Commercial Information Services;
- 8299,88 - Medical Treatment Facilitation Services;
- 8299,90 - Customer Care Center;
- 8299,91 - Car Covering Services;
- 8299,92 - Employers & Workers Guidance Center;
- 8299,93 - Auction Organizing;
- 8299,94 - Loyalty Card Services;
- 8299,95 - Government Transactions Center;
- 8299,96 - Document Verification Followup Services;
- 8299,97 - Documents & Data Verification Services;
- 8299,98 - Online Government Transactions Processing;
- 8299,99 - Vehicles Auctions Organizing.

The company can choose up to three groups of business activities under one license without additional fees.

Additional External Regulator Approvals

No additional approval is required in order to complete the registration process of the company conducting this group of business activities.

Choosing only one business activity (8291,96) requires an additional permit from the Securities and Commodities Authority (SCA), (8299,06) from Emirates Post Group (EPG).

Share Capital Requirements

There is no minimum share capital requirement for Meydan FZ companies.
If the shareholder plans to obtain an investor visa, the shareholder's share in the share capital should be at least AED 50,000.

Company name requirments

May contain the name of a shareholder
Must not violate the country laws or contain words that are obscene, indecent or generally offensive
Must not contain the names of Allah, Buddha or God, or any other religious terminology
Must not be identical or similar to local/global brands or registered trademarks
Must not contain geographical names, such as the names of emirates, cities, countries and other landmarks
Must not contain the names of local/international religious, political or governmental organizations
Must not be identical to the names of multinational companies (companies with a website and branches in at least two other countries)
Must correspond to the company’s business activities

Bank Account

Entrepreneurs can open corporate accounts in traditional banks with physical branches, as well as in digital banks and payment systems.

When choosing a bank to open a corporate account, consider the following: service level, fees, available currencies, online banking performance, bank reputation, as well as other conditions that may be important for your business.

Successfully opening a corporate bank account requires a well-prepared documentation package, which may vary depending on the specific requirements of each bank. Documents submitted incorrectly or incompletely may negatively affect the bank's final decision in processing the application.

About Jurisdiction

Name and Description

Title: Meydan Free Zone
Description:
Meydan Free Zone is a free economic zone (free zone) established in 2009 in the Emirate of Dubai, UAE. Designed to support and foster the growth of companies in trade, technology, and consulting, Meydan Free Zone offers a modern and innovative environment for entrepreneurs, startups, and international businesses.

The free zone provides a unique business ecosystem with state-of-the-art infrastructure, including fully equipped offices, coworking spaces, and meeting facilities. Meydan Free Zone supports companies across various sectors, such as e-commerce, consulting, finance, logistics, creative industries, and technology, ensuring optimal conditions for growth and expansion. Businesses registered in Meydan Free Zone are permitted to operate both within the free zone and beyond the UAE.

Meydan Free Zone issues the following types of business licenses:
- Commercial (wholesale and retail trade)
- Professional (service provision)
- Media
With its strategic location in the heart of Dubai and access to key transportation networks, Meydan Free Zone has become an attractive choice for businesses focused on growth and global outreach. Its modern facilities, support for startups, and opportunities for expansion provide the ideal foundation for success in one of the world's leading business hubs.

Tax regime and income management

The UAE has several taxes and fees that regulate the financial activities of both legal entities and individuals. Below are the main ones.
1. Value Added Tax (VAT)
  - Since January 1, 2018, the UAE has implemented a VAT rate of 5%, which applies to most goods and services and is charged to companies operating within the country, except for those registered in designated zones.
  - A Designated Zone is a territory within a free zone that is treated as outside the UAE for tax purposes, allowing goods to be exempt from taxation, provided certain criteria are met. The main taxation rules in Designated Zones are as follows:
  - For local companies and those registered in Non-Designated Zones (free zones not included in the Designated Zones list), the standard tax rules set forth in the Federal Decree-Law on VAT apply.
2. Corporate Tax
  - As of June 1, 2023, the UAE has introduced a corporate tax at a rate of 9%, levied on the taxable net profit of companies with income exceeding AED 375,000.
  - A 0% rate is applied to taxable income not exceeding AED 375,000.
  - Charitable, non-profit organizations and medical institutions are fully exempt from corporate tax.
3. Excise Tax
  - Since October 1, 2017, the UAE has introduced an excise tax aimed at reducing the consumption of harmful products and funding healthcare initiatives. The tax applies to alcohol, tobacco products, and beverages containing added sugar, including energy drinks and carbonated beverages.Excise tax rates vary depending on the product category:
  - Companies dealing with excise goods must register with the Federal Tax Authority (FTA), submit monthly declarations, and maintain records. Excise tax is paid upon the import, production, or release of goods for consumption in the UAE.
4. Customs Duties
  - Custom duties in the UAE are applied to most imported goods at a standard rate of 5% of the cost, insurance, and freight (CIF). Exceptions include certain categories of goods, such as medicines and food products, which may be exempt from duties or subject to a reduced rate.
  - Goods imported into UAE free zones are generally not subject to customs duties as long as they remain within these zones. However, when such goods are transferred to the UAE mainland, standard duties apply.
5. Personal Income Tax
  - In the UAE, personal income is not subject to taxation.
  - UAE citizens and residents are exempt from paying taxes on their personal income, including salaries, interest, dividends, inheritances, gifts, luxury goods, and capital gains.
6. Local Taxes and Fees
  - Individual emirates may impose specific local taxes and fees in line with their economic and social needs. These taxes and fees are aimed at supporting public services and implementing infrastructure projects.

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