Why Redomiciling Your Business to the UAE Could Be the Best Decision You’ll Ever Make

In today’s globalized world, businesses are constantly seeking ways to stay agile, competitive, and profitable. One of the smartest moves a company can make is redomiciling to a jurisdiction that offers more opportunities, fewer restrictions, and better long-term growth potential. The UAE has emerged as a top destination for businesses looking to relocate, and Meydan Free Zone is leading the charge with its unique benefits and hassle-free redomiciliation process.

Let’s look into why companies are flocking to the UAE, what the redomiciliation process involves, and why Meydan Free Zone is the ideal location for your business.

What Attracts Businesses to the UAE?

The UAE has become a magnet for businesses worldwide, and there’s a good reason for it! Moving your business here isn’t just about enjoying stunning skylines and sunshine – it’s about tapping into a business environment that’s designed for growth. So why are businesses flocking to the UAE, and particularly to free zones like Meydan? Let’s break it down:

• Trading in the GCC: One of the biggest perks is the UAE’s gateway to the GCC market. With easy access to key markets in the Gulf, companies can expand their trading networks easily.

• Safety & Security: Life in the UAE is known for its security. It’s not just a safe place to live, but a safe place to run a business. The stability of the country and low crime rates offers peace of mind for business owners.

• Double Taxation Treaties: UAE’s strategic agreements with many countries help businesses avoid being taxed twice. This is a game-changer for businesses looking to maximize profits and reduce overheads.

• Corporate & Income Tax Benefits: Speaking of taxes, the UAE is famous for its favorable tax policies. No personal income tax, and corporate tax policies are also extremely competitive, allowing businesses to retain more of their profits.

• World-Class Infrastructure: From cutting-edge office spaces to super-fast internet, the UAE offers some of the best business infrastructures you could ask for. It’s all about efficiency and convenience here.

“Meydan Free Zone Introduces Redomiciliation Service! Companies can now relocate to the UAE while retaining their legal structure, simplifying the move to one of the region's top business hubs.”

What is Redomiciliation?

Redomiciliation is like giving your business a fresh start – without actually starting over. It’s a legal process where a company moves its registration from one jurisdiction to another, all while keeping its identity intact. Think of it as relocating your headquarters while keeping the business, ownership, and brand the same.

For businesses eyeing redomiciliation, Meydan Free Zone is a highly attractive option. But why Meydan Free Zone specifically?

What Are the Benefits of Redomiciling to Meydan Free Zone?

When you redomicile to Meydan Free Zone, you gain access to a variety of unique benefits that can elevate your business:

• Affordable Entry: The redomiciliation process starts at just AED 12,500, making it a cost-effective solution for businesses looking to relocate.

• Shared Desk Facility: All companies redomiciling to Meydan Free Zone are provided with a co-working space, perfect for startups or businesses looking for flexible office solutions.

• Visa & Establishment Perks: You can apply for an establishment card at an additional cost of AED 2,000 and visa quotas (0-6 per year) for AED 1,850 per visa.

Note: The validity of both the Visa Allocation and the Establishment Card must match the license validity. Pretty straightforward, right?

• Flexible Business Activities: Keep your existing activities with the option to modify them later. This level of flexibility is not commonly offered in other free zones.

• Simple Document Requirements: The process is smooth and efficient, with only a few documents required, such as your Certificate of Formation, Business License, Memorandum of Association, and an NOC from your previous jurisdiction.

• Fast Turnaround: Once all documents are submitted, the redomiciliation process can be completed in just 4 working days.

Why Choose Meydan Free Zone?

Meydan Free Zone stands out among other UAE free zones for its unique offerings. Here’s why Meydan should be your top choice for redomiciliation:

• 100% Foreign Ownership: Meydan Free Zone allows full ownership of your business, giving you complete control without needing a local partner.

• Pay-As-You-Go Model: Unlike other free zones, where you’re stuck with rigid plans, Meydan allows you to scale up or down as needed. You can even keep your business activities and the goodwill of your brand intact—something many other free zones don’t offer.

• Seamless Accessibility: Meydan Free Zone operates 24/7 and offers fully digital services, so you can manage your business from anywhere at any time.

• Unique Compliance Model: Trust and transparency are key here. Meydan’s fully compliant processes for Client Due Diligence (CDD) and Enhanced Due Diligence (EDD) make it a secure and reliable place to operate.

• Prestige and Convenience: Located in a prime area of Dubai, Meydan combines luxury and convenience. It’s just minutes away from downtown Dubai and the international airport, so you're always well-connected.

• Meydan Plus Marketplace: You get access to a diverse marketplace of products and services, offering flexibility and solutions tailored to your business’s needs.

• Flexible Office Solutions: Whether you need a shared desk or a fully serviced office, Meydan has flexible options to accommodate businesses of all sizes.

• A Thriving Community: With over 83,000 members from 195+ countries, specializing in more than 2000 licensed activities, you’re joining a vast and vibrant network.

The Redomiciliation Process at Meydan Free Zone

The redomiciliation process can be intricate, often taking six to eight weeks to complete, depending on the free zone’s specific requirements. While many free zones require extensive documentation and lengthy approvals, Meydan Free Zone offers a streamlined approach with a remarkable timeline of just four days, making it a preferred choice for companies looking to relocate.

Here’s how the redomiciliation process works at Meydan Free Zone:

Step 1

Provide the necessary documents for the redomiciliation process and submit your application.

Step 2 Make the initial payment to kick off the process.

Step 3 Meydan Free Zone will internally process your application and provide you with essential documents to finalize the redomiciliation.

Required Documents:

1.        Certificate of Formation

2.        Business License

3.        Memorandum of Association

4.        Share register

5.        Certificate of Incumbency or equivalent document

6.        Re-domiciliation Declaration

7.        Shareholder(s) Resolution

8.        Power of Attorney (if applicable)

9.        Passport Copy of Shareholders, Directors and Manager

10.    Visa and Emirates ID copy of Shareholders, Directors and Manager (if applicable)

11.  NOC from previous Jurisdiction

The Documents You Get:

• Certificate of Re-Domiciliation
• Business License
• Memorandum of Association
• Share Register
• Facility Lease Agreement

While other free zones may require notarizing and attesting a multitude of documents, as well as obtaining legal opinions or no-objection letters, Meydan Free Zone simplifies this with a clear and concise process.

Additionally, other free zones might not offer the same level of flexibility in office solutions or the prestigious location and brand reputation that Meydan Free Zone boasts. Clients also benefit from Meydan's unique pay-as-you-go model, allowing businesses to manage their costs effectively without compromising on quality.

Redomicile with Confidence

Relocating your business is a big decision, but with Meydan Free Zone, it’s a smooth process with plenty of support along the way. Whether it’s flexibility, cost-effectiveness, or prime location, Meydan offers everything you need to make the transition smooth.

So, if you’re considering a move to the UAE, Meydan Free Zone should be at the top of your list. Ready to take your business to the next level?