Bank Account for a Meydan Free Zone Company

Why Meydan Free Zone

As we tell every client, one of the reasons we point clients to Meydan Free Zone is its Dubai address, which matters more than most founders realise once the business is running. In short, unlike some zones, Meydan Free Zone does not require a large paid-up capital to be blocked in a bank account before the licence is granted. Just as important, office options in Meydan Free Zone range from virtual office, flexi-desk or office suite, so you only pay for the space your visa quota actually needs.

How Meydan Free Zone works with GoldenKey

1. 
   Step 1

   Consultation and activity selection

   In the first call we check that Meydan Free Zone lists your activity, settle the licence type and match the visa package and office to what you actually need. We keep a written record of this step so your file for opening a bank account for a company in Meydan Free Zone is audit-ready.

2. 
   Step 2

   Name reservation and initial approval

   In practice, your trade name is reserved with the Meydan Free Zone authority and initial approval is obtained; this stage rarely takes more than two working days (Monday to Friday).

3. 
   Step 3

   Document submission and payment

   You sign the application forms and memorandum, we submit the attested documents and the licence fee is paid to the registrar. If the authority raises a query on opening a bank account for a company in Meydan Free Zone at this stage, we handle it the same day.

4. 
   Step 4

   Licence issued and next steps

   In short, once the Meydan Free Zone licence and company documents are released, we move immediately to the immigration file, residence visas and the bank meeting.

Documents required

Gather these documents and GoldenKey will take care of the rest of opening a bank account for a company in Meydan Free Zone.

• A short business plan or activity description for certain professional activities
• A no-objection certificate from your employer if you hold a UAE employment visa
• The UAE entry stamp or visa page if you are already in the country
• A passport-size photograph on a white background
• Your current residence visa and Emirates ID copy if you are a UAE resident
• A clear passport copy for each shareholder and manager, valid for at least six months

Pricing

Just as important, the figures below for opening a bank account for a company in Meydan Free Zone are updated by GoldenKey whenever the authority changes its fees, so the price you see is the current one. Use the table below to compare packages for opening a bank account for a company in Meydan Free Zone; we will confirm the exact total for your case in a written quotation.

Which banks accept Meydan Free Zone companies

As we tell every client, most UAE banks open accounts for Meydan Free Zone companies, but each has its own appetite for activities, nationalities and expected turnover. GoldenKey shortlists two or three banks that fit your profile rather than applying everywhere at once.

If the first bank declines

A decline from one bank does not affect another. We ask for the reason, adjust the profile if needed and apply to a better-matched bank; Meydan Free Zone companies are routinely approved on the second attempt when the first choice was simply the wrong fit.

Why the UAE

Put simply, the dirham has been pegged to the US dollar since 1997, which removes currency risk for opening a bank account for a company in Meydan Free Zone and makes international pricing simple. There are no restrictions on repatriating profits or capital, so earnings from opening a bank account for a company in Meydan Free Zone can be moved to your home country or reinvested freely.

Why GoldenKey

On the ground, if a document is missing or an approval is delayed on your Meydan Free Zone file, we tell you immediately and explain the fix, rather than letting the application sit. Put simply, every Meydan Free Zone package we quote already includes the licence, registration, the establishment card where applicable and our full assistance, with no hidden add-ons at the end. On the ground, after your Meydan Free Zone licence is granted, the same team handles renewals, visa additions, amendments and tax registrations, so you never have to explain your business twice.

Frequently asked questions