License With – 0 Visa
Licence only · upgrade to visas anytime
AED 12,500
- Trade licence & registration
- Upgrade to visas anytime
- Company name reservation
- Flexi-desk / office options
- GoldenKey PRO support
FREE ZONE · DUBAI
Meydan Free Zone Company Formation for Icelanders
Guide for Icelandic founders · around 9 to 10 hours with one stop from Reykjavík
5–7 daysSetup time100%OwnershipUp to 6 visasVisas
- 5–7 daysSetup time
- Free ZoneLicence type
- Flexi | PhysicalOffice / facility
- Up to 6 visasVisa eligibility
- StandardApprovals needed
- From AED 12,500Renewal cost
About Meydan Free Zone
Why Meydan Free Zone
Founders choose Meydan Free Zone when they want a credible UAE address, fast licensing and packages that scale from a solo flexi-desk to a multi-visa office. GoldenKey has guided hundreds of entrepreneurs through Meydan Free Zone company formation, from name reservation to the moment the licence PDF lands in their inbox. The most common businesses Icelanders open through GoldenKey are in seafood exports, aviation, geothermal technology and software, although Meydan Free Zone supports almost any activity. For Icelandic entrepreneurs, the UAE is around 9 to 10 hours with one stop from Reykjavík, the UAE is 4 hours ahead of Iceland, and English is used for all UAE business.
In short, one of the reasons we recommend Meydan Free Zone is its Dubai address, which matters more than most founders realise once the business is running. On the ground, the authority permits Free Zone Establishment (FZE) and Free Zone Company (FZCO), which covers solo entrepreneurs, partnerships and overseas groups opening a UAE branch. For Icelanders, the practical advantages of Meydan Free Zone are the ease of travel between Iceland and the UAE, English is used for all UAE business, and a banking system that processes Icelandic króna (ISK) transfers daily.
Packages & cost
Pricing — choose the right package for your business
All prices for Meydan Free Zone company formation for Icelanders are indicative, shown in AED and confirmed in writing ahead of payment. As we tell every client, use the table below to compare packages for Meydan Free Zone company formation for Icelanders; we will confirm the exact total for your case in a written quotation.
License – 1 Visa Quota
1 residence visa · 1-year licence
AED 14,350
- Trade licence & registration
- Establishment card included
- 1 visa eligibility
- Flexi-desk / office options
- GoldenKey PRO support
License – 2 Visa Quota
2 residence visas · 1-year licence
AED 16,200
- Trade licence & registration
- Establishment card included
- 2 visa eligibilities
- Flexi-desk / office options
- GoldenKey PRO support
License – 3 Visa Quota
3 residence visas · 1-year licence
AED 18,050
- Trade licence & registration
- Establishment card included
- 3 visa eligibilities
- Flexi-desk / office options
- GoldenKey PRO support
License – 4 Visa Quota
4 residence visas · 1-year licence
AED 19,900
- Trade licence & registration
- Establishment card included
- 4 visa eligibilities
- Flexi-desk / office options
- GoldenKey PRO support
License – 5 Visa Quota
5 residence visas · 1-year licence
AED 21,750
- Trade licence & registration
- Establishment card included
- 5 visa eligibilities
- Flexi-desk / office options
- GoldenKey PRO support
License – 6 Visa Quota
6 residence visas · 1-year licence
AED 23,600
- Trade licence & registration
- Establishment card included
- 6 visa eligibilities
- Flexi-desk / office options
- GoldenKey PRO support
Prices are indicative, in AED, exclusive of 5% VAT where applicable, and confirmed in writing before payment. Last updated 2026-10-28.
Business activities
Explore 2,189 business activities in Meydan Free Zone
Meydan Free Zone lets you combine related activities on one licence. Search by what your business does — in English or Arabic — and quote the GK code when you ask for a quotation.
Trading657Professional316Administrative249ICT164HealthCare134Transportation128Art124Services110Education105Financial94Manufacturing47F&B,Rentals46Realestate6Waste collection3Maintenance3Agriculture2Sewerage1
GK-MFZ-001Animal productionAgricultureGK-MFZ-002Raising of horses and other equinesAgricultureGK-MFZ-003Manufacture of wearing apparel, except fur apparelManufacturingApproval requiredGK-MFZ-004Arabic Men Wears TailoringManufacturingGK-MFZ-005Men TailoringManufacturingGK-MFZ-006Arabic Gowns TailoringManufacturingPopular choices · 2,189 activities availableAll 2,189 Meydan Free Zone activities
Required documents
Documents required
Here is what you will need for Meydan Free Zone company formation for Icelanders; GoldenKey checks every item before submission.
Scanned colour copies are enough to start. We check every item before anything is submitted.
For individuals
- A passport-size photograph on a white background
- A clear passport copy for each shareholder and manager, valid for at least six months
- Educational certificates attested by the Iceland authorities and the UAE embassy, for professional activities
- A no-objection certificate from your employer if you hold a UAE employment visaif applicable
- Proof of address such as a utility bill or bank statement, requested by some zonesif applicable
- A short business plan or activity description for certain professional activitiesif applicable
For companies
- Certificate of incorporation (attested)
- Memorandum & articles of association
- Board resolution approving the UAE company
- Passport copies of shareholders & directors
- Company profile / business plan
Our process
How Meydan Free Zone works with GoldenKey
- 1
Consultation and activity selection
As we tell every client, we confirm that your activity is available in Meydan Free Zone, choose the licence type and agree the visa package and office option that match your plan.
- 2
Name reservation and initial approval
From day one, we submit your preferred trade names to Meydan Free Zone and secure initial approval, normally within a day or two of submission. Nothing is submitted for Meydan Free Zone company formation for Icelanders until you have reviewed and approved it.
- 3
Document submission and payment
You sign the application and memorandum, we file the attested paperwork with Meydan Free Zone and the authority's licence fee is paid.
- 4
Licence issued and next steps
As we tell every client, once the Meydan Free Zone licence and company supporting documents are released, we move immediately to the immigration file, residence visas and the bank meeting. We keep a written record of this step so your file for Meydan Free Zone company formation for Icelanders is audit-ready.
Frequently asked questions
Frequently asked questions
Straight answers about Meydan Free Zone. Anything else — ask GK AI or message us.
View all FAQsHow long does the Meydan Free Zone licence take?
To be clear, once your documents are complete, the authority typically issues the licence within 5 working days (Monday to Friday). Visas and bank account opening follow afterwards.
How many visas can I get with a Meydan Free Zone licence?
Visa quota is tied to the package and office you choose. Meydan Free Zone packages normally start from a zero-visa option and scale to five or more visas with a physical office, and additional visas can be added later for the per-visa fee shown in our pricing.
Do I need to visit the UAE to set up in Meydan Free Zone?
Importantly, most Meydan Free Zone licences can be released remotely with scanned papers and a signed power of attorney. You will need to enter the UAE for the medical test and Emirates ID biometrics when your residence visa is processed.
Is there a double taxation agreement between Iceland and the UAE?
The UAE has double taxation agreements with more than 130 countries. Whether Iceland is covered and how it applies to you depends on the current treaty position, which GoldenKey checks with a tax adviser before you rely on it.
Do Icelanders need a UAE visa before applying for Meydan Free Zone?
Not in that case. You can apply for the licence from Iceland with scanned documents, and the investor residence visa is handled afterwards.
Get a free quote
Ready to start your business in Meydan Free Zone?
As a rule, message GoldenKey now and we will prepare a personalised quotation for Meydan Free Zone company formation for Icelanders, valid for 30 days and confirmed in writing.
Good to know
More about Meydan Free Zone
Why the UAE
Importantly, since 2021, most mainland activities have allowed 100% foreign ownership, and free zones have always offered it, so Meydan Free Zone company formation for Icelanders no longer requires a local partner. The UAE sits within an eight-hour flight of two-thirds of the world's population, which is why so many founders choose it as a base for Meydan Free Zone company formation for Icelanders.
Why GoldenKey
GoldenKey is based in Ajman Free Zone and has helped founders from more than 60 countries with Meydan Free Zone company formation for Icelanders, so the paperwork, approvals and timing hold no surprises for us. Just as important, because GoldenKey works with the licensing authority, the immigration department and the banks every single week, we know exactly which paperwork each of them will ask for on a Meydan Free Zone file. Our office is a short drive from the Ajman Free Zone, Ajman DED and the immigration centre, so physical submissions for Meydan Free Zone company formation for Icelanders happen the same day they are ready.
