Article: 2488
Trading Company SetupRetail Sale Of Other Goods In Specialized Stores
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The company can engage in the retail sale of other goods in specialized stores such as clothing, footwear, leather articles, articles of clothing, fur, clothing accessories like gloves, ties, braces, umbrellas, footwear, leather goods, and travel accessories made of leather and leather substitutes. Additional activities include face masks and gloves trading, men's garment trading, ladies' garment trading, baby wear trading, men's underwear trading, Arab wear trading, garments accessories trading, sports wear trading, protective garments and vests trading, uniforms trading, imitation jewellery trading, sticks and umbrellas trading, women's underwear trading, ready-made garments trading, handbags and leather products trading, suitcases and travel requisites trading, slippers and sandals trading, and shoe trading. The activity also encompasses the retail sale of pharmaceutical and medical goods, cosmetics, and toilet articles in specialized stores, including the retail sale of pharmaceuticals, medical and orthopedic goods, perfumery and cosmetic articles, and operation of pharmacies. It extends to trading medicinal chemicals, para-pharmaceutical products, medical, surgical articles and requisites, agarwood and incense, beauty and personal care requisites, equipment for persons with special needs, soap and hair care products, baby care requisites, emergency collection, and veterinary medicines. Furthermore, the company deals in other retail sale of new goods in specialized stores, including photographic, optical, and precision equipment, opticians, watches, clocks, jewellery, flowers, plants, seeds, fertilizers, pet food, souvenirs, craftwork, commercial art galleries, cleaning materials, stamps, coins, non-food products NEC, jewellery trading, pearls and precious stones trading, watches and clocks and spare parts trading, artificial flowers and plants trading, aquarium animals trading, animal and birds feed trading, seeds trading, chemical fertilizers trading, organic fertilizer and plant feed trading, agricultural pesticides trading, insecticides trading, detergents and disinfectants trading, animals and birds requisites trading, biodegradable and compostable products trading, crystal products trading, novelties trading, paintings and frames trading, old postage stamps and currencies trading, pumps, engines, valves and spare parts trading, power generation, transmission and distribution equipment trading, refrigeration and cold storage equipment trading, filters and purification devices trading, lighting equipment and requisites trading, electrical and electronic appliances spare parts trading, air-conditioning, refrigeration spare parts and components trading, office equipment trading, heavy equipment and machinery spare parts trading, central ventilators and air filters trading, workshop equipment, machinery and spare parts trading, industrial plant equipment and spare parts trading, bricks making equipment trading, painting equipment trading, bakeries and flour mills equipment trading, spinning and weaving equipment and spare parts trading, sewing machines and spare parts trading, engines and machinery spare parts trading, blast furnaces and smelters trading, water desalination equipment trading, water cooling and heating equipment trading, printing equipment and instruments trading, water treatment equipment trading, construction equipment and machinery spare parts trading, animal and poultry farms equipment trading, petrol station equipment trading, carbon control systems trading, structural wire rope systems trading, simulation equipment and systems trading and maintenance, agricultural equipment and accessories trading, agricultural equipment and machinery spare parts trading, construction equipment and machinery trading, oilfield and natural gas equipment and spare parts trading, natural resources extraction machinery and equipment trading, handling, loading and lifting equipment trading, ports and marine guide equipment trading, aircraft spare parts and components trading, trains spare parts and components trading, airport equipment trading, unmanned aerial vehicles (drone) trading, agricultural tractors and machinery trading, light aircraft trading, gliders, sailplanes and spare parts trading, trains and railways construction and fabrication equipment trading and maintenance, oil drilling rigs and equipment trading, domestic gas distribution, central gas tanks filling, charcoal and firewood trading, ignition materials trading, paging receivers trading, dry batteries trading, occupational hygiene and safety requisites trading, laboratories tools and requisites trading, fiber optic products and requisites trading, astronomy, earthquakes and meteorology monitoring equipment trading, scales and dry measures trading, bolts, nuts, screws and nails trading, fire fighting and safety equipment trading, solar energy systems and components trading, scientific and laboratory equipment trading, office furniture trading, schools, hospitals and laboratories furniture trading, electronic card trading, beauty and personal care equipment trading, vending machines trading, industrial kitchen and catering equipment trading, city cleaning equipment trading, building cleaning equipment trading, sea cleaning equipment trading, environment protection equipment trading, laundry and dry cleaning equipment trading, auto washing equipment trading, shop fittings trading, packing and packaging equipment trading, well drilling equipment trading, pest control equipment trading, garden equipment trading, medical, surgical equipment and instruments trading, veterinary equipment and instruments trading, lifts, escalators and spare parts trading, automatic gates and barriers trading, irrigation equipment and requisites trading, engineering designing instruments trading, green houses and equipment trading, meat and fish processing equipment and machinery trading, aquariums and display cases trading, inspection, testing equipment and devices trading, photographic processing equipment and requisites trading, cleanroom systems trading, monetary and banking equipment trading, global positioning systems (GPS) trading, security systems and equipment trading, franking machines trading, magnetic technology equipment trading, plate heat exchangers trading, paper products trading, packing and packaging materials trading, electronic precision instruments trading, car parking systems and equipment trading, radiation equipment trading, life saving equipment trading, balloons trading, satellites’ components and spare parts trading, measuring and control systems trading, disinfecting booths and equipment trading, sterilizers and disinfectants trading, mind abilities development equipment trading, spectacles and contact lenses trading, retail sale of second-hand goods, retail sale of second-hand books, retail sale of other second-hand goods, retail sale of antiques, auctioning houses (retail), used furniture trading, used jewellery trading, used electrical and electronic appliances trading, used household utensils trading, used building machinery and equipment trading, used heavy equipment and machinery trading, used cloth and personal items trading.
For setup of a company in Meydan Free Zone in the field of retail sale of other goods in specialized stores, the following group of business activity has been chosen:
- Retail Sale Of Other Goods In Specialized Stores (group 477):
- 4770,00 - Retail Sale Of Other Goods In Specialized Stores;
- 4771,00 - Retail Sale Of Clothing, Footwear And Leather Articles In Specialized Stores;
- 4771,01 - Retail Sale Of Articles Of Clothing;
- 4771,02 - Retail Sale Of Articles Of Fur;
- 4771,03 - Retail Sale Of Clothing Accessories Such As Gloves, Ties, Braces Etc.;
- 4771,04 - Retail Sale Of Umbrellas;
- 4771,05 - Retail Sale Of Footwear;
- 4771,06 - Retail Sale Of Leather Goods;
- 4771,07 - Retail Sale Of Travel Accessories Of Leather And Leather Substitutes;
- 4771,81 - Face Masks & Gloves Trading;
- 4771,82 - Men'S Garment Trading;
- 4771,83 - Ladies Garment Trading;
- 4771,84 - Baby Wear Trading;
- 4771,85 - Men Underwears Trading;
- 4771,86 - Arab Wear Trading;
- 4771,87 - Garments Accessories Trading;
- 4771,88 - Sports Wear Trading;
- 4771,89 - Protective Garments & Vests Trading;
- 4771,90 - Uniforms Trading;
- 4771,91 - Imitation Jewellery Trading;
- 4771,92 - Sticks & Umbrellas Trading;
- 4771,93 - Women Underwears Trading;
- 4771,95 - Ready-Made Garments Trading;
- 4771,96 - Handbags & Leather Products Trading;
- 4771,97 - Suitcases & Travel Requisites Trading;
- 4771,98 - Slippers & Sandals Trading;
- 4771,99 - Shoe Trading;
- 4772,00 - Retail Sale Of Pharmaceutical And Medical Goods, Cosmetic And Toilet Articles In Specialized Stores;
- 4772,01 - Retail Sale Of Pharmaceuticals;
- 4772,02 - Retail Sale Of Medical And Orthopedic Goods;
- 4772,03 - Retail Sale Of Perfumery And Cosmetic Articles;
- 4772,88 - Pharmacy;
- 4772,89 - Medicinal Chemicals Trading;
- 4772,90 - Para-Pharmaceutical Products Trading;
- 4772,91 - Medical, Surgical Articles & Requisites Trading;
- 4772,93 - Agarwood & Incense Trading;
- 4772,94 - Beauty & Personal Care Requisites Trading;
- 4772,95 - Persons With Special Needs Equipment Trading;
- 4772,96 - Soap & Hair Care Products Trading;
- 4772,97 - Baby Care Requisites Trading;
- 4772,98 - Emergency Collection Trading;
- 4772,99 - Veterinary Medicines Trading;
- 4773,00 - Other Retail Sale Of New Goods In Specialized Stores;
- 4773,01 - Retail Sale Of Photographic, Optical And Precision Equipment;
- 4773,02 - Opticians;
- 4773,03 - Retail Sale Of Watches, Clocks And Jewellery;
- 4773,04 - Retail Sale Of Flowers, Plants, Seeds, Fertilizers And Pet Food;
- 4773,05 - Retail Sale Of Souvenirs And Craftwork;
- 4773,06 - Commercial Art Galleries;
- 4773,08 - Retail Sale Of Cleaning Materials;
- 4773,09 - Retail Sale Of Stamps And Coins;
- 4773,10 - Retail Sale Of Non-Food Products N.E.C.;
- 4773,11 - Jewellery Trading;
- 4773,12 - Pearls & Precious Stones Trading;
- 4773,13 - Watches & Clocks & Spare Parts Trading;
- 4773,14 - Artificial Flowers & Plants Trading;
- 4773,15 - Aquarium Animals Trading;
- 4773,16 - Animal & Birds Feed Trading;
- 4773,17 - Seeds Trading;
- 4773,18 - Chemical Fertilizers Trading;
- 4773,19 - Organic Fertilizer & Plant Feed Trading;
- 4773,20 - Agricultural Pesticides Trading;
- 4773,21 - Insecticides Trading;
- 4773,22 - Detergents & Disinfectants Trading;
- 4773,23 - Animals & Birds Requisites Trading;
- 4773,24 - Biodegradable & Compostable Products Trading;
- 4773,25 - Crystal Products Trading;
- 4773,26 - Novelties Trading;
- 4773,27 - Paintings & Frames Trading;
- 4773,28 - Old Postage Stamps & Currencies Trading;
- 4773,29 - Pumps, Engines, Valves & Spare Parts Trading;
- 4773,30 - Power Generation, Transmission & Distribution Equipment Trading;
- 4773,31 - Refrigeration & Cold Storage Equipment Trading;
- 4773,32 - Filters & Purification Devices Trading;
- 4773,33 - Lighting Equipment & Requisites Trading;
- 4773,34 - Electrical & Electronic Appliances Spare Parts Trading;
- 4773,35 - Air-Condition, Refrigeration Spare Parts & Components Trading;
- 4773,36 - Office Equipment Trading;
- 4773,37 - Heavy Equipment & Machinery Spare Parts Trading;
- 4773,39 - Central Ventilators & Air Filters Trading;
- 4773,40 - Workshop Equipment, Machinery & Spare Parts Trading;
- 4773,41 - Industrial Plant Equipment & Spare Parts Trading;
- 4773,42 - Bricks Making Equipment Trading;
- 4773,43 - Painting Equipment Trading;
- 4773,44 - Bakeries & Flour Mills Equipment Trading;
- 4773,45 - Spinning & Weaving Equipment & Spare Parts Trading;
- 4773,46 - Sewing Machines & Spare Parts Trading;
- 4773,47 - Engines & Machinery Spare Parts Trading;
- 4773,48 - Blast Furnaces & Smelters Trading;
- 4773,49 - Water Desalination Equipment Trading;
- 4773,50 - Water Cooling & Heating Equipment Trading;
- 4773,51 - Printing Equipment & Instruments Trading;
- 4773,53 - Water Treatment Equipment Trading;
- 4773,55 - Construction Equipment & Machinery Spare Parts Trading;
- 4773,56 - Animal & Poultry Farms Equipment Trading;
- 4773,57 - Petrol Station Equipment Trading;
- 4773,58 - Carbon Control Systems Trading;
- 4773,59 - Structural Wire Rope Systems Trading;
- 4773,60 - Simulation Equipment & Systems Trading & Maintenance;
- 4773,61 - Agricultural Equipment & Accessories Trading;
- 4773,62 - Agricultural Equipment & Machinery Spare Parts Trading;
- 4773,63 - Construction Equipment & Machinery Trading;
- 4773,64 - Oilfield & Natural Gas Equipment & Spare Parts Trading;
- 4773,65 - Natural Resources Extraction Machinery & Equipment Trading;
- 4773,66 - Handling, Loading & Lifting Equipment Trading;
- 4773,67 - Ports & Marine Guide Equipment Trading;
- 4773,68 - Aircraft Spare Parts & Components Trading;
- 4773,69 - Trains Spare Parts & Components Trading;
- 4773,70 - Airport Equipment Trading;
- 4773,71 - Unmanned Aerial Vehicles (Drone) Trading;
- 4773,72 - Agricultural Tractors & Machinery Trading;
- 4773,73 - Light Aircraft Trading;
- 4773,74 - Gliders, Sailplanes & Spare Parts Trading;
- 4773,75 - Trains & Railways Construction & Fabrication Equipment Trading & Maintenance;
- 4773,76 - Oil Drilling Rigs & Equipment Trading;
- 4773,77 - Domestic Gas Distribution;
- 4773,78 - Central Gas Tanks Filling;
- 4773,79 - Charcoal & Firewood Trading;
- 4773,80 - Ignition Materials Trading;
- 4773,81 - Paging Receivers Trading;
- 4773,82 - Dry Batteries Trading;
- 4773,83 - Occupational Hygiene & Safety Requisites Trading;
- 4773,84 - Laboratories Tools & Requisites Trading;
- 4773,85 - Fiber Optic Products & Requisites Trading;
- 4773,86 - Astronomy, Earthquakes & Meteorology Monitoring Equipment Trading;
- 4773,87 - Scales & Dry Measures Trading;
- 4773,88 - Bolts, Nuts, Screws & Nails Trading;
- 4773,89 - Fire Fighting & Safety Equipment Trading;
- 4773,90 - Solar Energy Systems & Components Trading;
- 4773,91 - Scientific & Laboratory Equipment Trading;
- 4773,92 - Office Furniture Trading;
- 4773,93 - Schools, Hospitals & Laboratories Furniture Trading;
- 4773,94 - Electronic Card Trading;
- 4773,95 - Beauty & Personal Care Equipment Trading;
- 4773,96 - Vending Machines Trading;
- 4773,97 - Industrial Kitchen & Catering Equipment Trading;
- 4773,98 - City Cleaning Equipment Trading;
- 4773,99 - Building Cleaning Equipment Trading;
- 4773.a1 - Sea Cleaning Equipment Trading;
- 4773.a2 - Environment Protection Equipment Trading;
- 4773.a3 - Laundry & Dry Cleaning Equipment Trading;
- 4773.a4 - Auto Washing Equipment Trading;
- 4773.a5 - Shop Fittings Trading;
- 4773.a6 - Packing & Packaging Equipment Trading;
- 4773.a7 - Well Drilling Equipment Trading;
- 4773.a8 - Pest Control Equipment Trading;
- 4773.a9 - Garden Equipment Trading;
- 4773.b1 - Medical, Surgical Equipment & Instruments Trading;
- 4773.b2 - Veterinary Equipment & Instruments Trading;
- 4773.b3 - Lifts, Escalators & Spare Parts Trading;
- 4773.b4 - Automatic Gates & Barriers Trading;
- 4773.b5 - Irrigation Equipment & Requisites Trading;
- 4773.b6 - Engineering Designing Instruments Trading;
- 4773.b7 - Green Houses & Equipment Trading;
- 4773.b8 - Meat & Fish Processing Equipment & Machinery Trading;
- 4773.b9 - Aquariums & Display Cases Trading;
- 4773.c1 - Inspection, Testing Equipment & Devices Trading;
- 4773.c2 - Photographic Processing Equipment & Requisites Trading;
- 4773.c3 - Cleanroom Systems Trading;
- 4773.c4 - Monetary & Banking Equipment Trading;
- 4773.c5 - Global Positioning Systems (G.P.S) Trading;
- 4773.c6 - Security Systems & Equipment Trading;
- 4773.c7 - Franking Machines Trading;
- 4773.c8 - Magnetic Technology Equipment Trading;
- 4773.c9 - Plate Heat Exchangers Trading;
- 4773.d1 - Paper Products Trading;
- 4773.d2 - Packing & Packaging Materials Trading;
- 4773.d3 - Electronic Precision Instruments Trading;
- 4773.d5 - Car Parking Systems & Equipment Trading;
- 4773.d6 - Radiation Equipment Trading;
- 4773.d7 - Life Saving Equipment Trading;
- 4773.d8 - Balloons Trading;
- 4773.d9 - Satellites’ Components & Spare Parts Trading;
- 4773.e6 - Measuring & Control Systems Trading;
- 4773.e7 - Disinfecting Booths & Equipment Trading;
- 4773.e8 - Sterilizers & Disinfectants Trading;
- 4773.e9 - Mind Abilities Development Equipment Trading;
- 4773.f1- Spectacles & Contact Lenses;
- 4774,00 - Retail Sale Of Second-Hand Goods;
- 4774,01 - Retail Sale Of Second-Hand Books;
- 4774,02 - Retail Sale Of Other Second-Hand Goods;
- 4774,03 - Retail Sale Of Antiques;
- 4774,04 - Auctioning Houses (Retail);
- 4774,93 - Used Furniture Trading;
- 4774,94 - Used Jewellery Trading;
- 4774,95 - Used Electrical & Electronic Appliances Trading;
- 4774,96 - Used Household Utensils Trading;
- 4774,97 - Used Building Machinery & Equipment Trading;
- 4774,98 - Used Heavy Equipment & Machinery Trading;
- 4774,99 - Used Cloth & Personal Items Trading.
The company can choose up to three groups of business activities under one license without additional fees.
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 (4772,00), (4772,01), (4772,88), (4773,02) requires an additional permit from Dubai Health Authority (DHA), (4772,89), (4773,18) from Dubai Police (DP), (4772,99) from Dubai Municipality (DM) - Public Health Services Department, (4773,04, (4773,15), (4773,16), (4773,17), (4773,19), (4773,20), (4773.b7) from Dubai Municipality (DM), (4773,03), (4773,11), (4773,12), (4773.c6), (4774,94) from Security Industry Regulatory Agency (SIRA), (4773,67) from The Dubai Maritime Authority (DMA), (4773,68), (4773,70), (4773,73), (4773,74), (4773.d8) from Dubai Civil Aviation Authority (DCAA), (4773,77), (4773,78) from Supreme Council of Energy (SCOE), (4773,94), (4773.c5) from Telecommunications And Digital Government Regulatory Authority (TDRA).
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.
- 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
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.
- 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.
The UAE has several taxes and fees that regulate the financial activities of both legal entities and individuals. Below are the main ones.
Value Added Tax (VAT)
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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.
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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:
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The Designated Zones are listed in the Cabinet Decision to Federal Decree-Law No. (8) of 2017 on Value Added Tax (VAT).
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Goods moved between or within Designated Zones are not subject to tax.
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The export and import of goods between a Designated Zone and a foreign company are also not subject to tax.
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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.
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Companies with an annual turnover exceeding AED 375,000 are required to register with the Federal Tax Authority (FTA) as VAT taxpayers.
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Companies with a turnover between AED 187,500 and AED 375,000 may register on a voluntary basis.
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Companies can offset VAT paid on purchases of goods and services (input VAT) against the VAT they collect on sales (output VAT), shifting the tax burden to the final consumer.
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Some goods and services may be exempt from VAT or taxed at a 0% rate, such as international transportation, educational, and medical services.
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Corporate Tax
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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.
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A 0% rate is applied to taxable income not exceeding AED 375,000.
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Charitable, non-profit organizations and medical institutions are fully exempt from corporate tax.
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Excise Tax
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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:
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50% on carbonated drinks (excluding mineral water)
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100% on tobacco products
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100% on energy drinks
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100% on electronic smoking devices and liquids used for them
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50% on products containing added sugar or sweeteners.
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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.
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Customs Duties
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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.
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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.
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Personal Income Tax
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In the UAE, personal income is not subject to taxation.
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UAE citizens and residents are exempt from paying taxes on their personal income, including salaries, interest, dividends, inheritances, gifts, luxury goods, and capital gains.
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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.
Order service directly at Meydan
With the assistance of our platform manager, who will provide you with service instructions, arrange meetings with Meydan representatives, and assist in coordination
- Direct access without intermediaries
- No additional fees
- No commissions
Choose our "Standard" plan
Receive expert guidance from an authorized consultant who will manage the entire process of obtaining Meydan services
- Time-saving
- Predictable outcomes
- Personal expert assistance
- Business-class transportation to service locations
- Minimal involvement required
Opt for our "Premium" plan for top-tier expert guidance
An elite consultant will oversee the process of obtaining Meydan services, ensuring a seamless experience
- VIP airport reception for one person
- Premium-class airport-hotel-airport transfers
- Expedited VIP procedures
- Guaranteed results
- Personal expert available 24/7
- Premium-class transportation to service locations
- Minimal involvement required