Company formation in Meydan Free Zone is easier. The free zone authorities require minimal paperwork.
How to start a business in a free zone?
- Identify the legal entity.
- Choosing a brand
- Obtain a business permit
- Pick a workplace
- Get pre-approvals, register, and licence.
- Identify the legal entity.
Determine the legal entity your company will be. In a free zone, you can start one of two businesses:
Free Zone Limited Liability Company (FZ LLC) (FZ Co.)
Creating a Free Zone (FZE)
The main distinctions are the number of shareholders and whether they are natural or legal persons. Some free zones may not accept both sorts. You must check with each free zone’s authority what type of business they can register.
The list of free zones and their Authorities
Dubai Multi Commodities Centre offers business establishment solutions (DMCC).
Existing local and foreign businesses can open a branch in a free zone.
Twofour54 Abu Dhabi has no minimum capital requirement.
A minimum paid-up capital of AED 150,000 is required to start an LLC in KIZAD. AED 1000 is required to form an FZ Co. in Dubai Airport Free Zone. Each share should be worth AED 1000. AED 50,000 per firm and AED 10,000 each shareholder is required to start a free zone company in DMCC. A General Trading Licence requires a minimum share capital of AED 1 million.
AED 150,000 is required for Company formation in Meydan Free Zone
Choosing a brand
You should choose a trading name while deciding on your legal entity. If you are unsure about a trading name, you should check with the free zone authorities or the Department of Economic Development.
See DMCC’s limited trade names list (PDF, 207 KB).
To be approved by DED, a proposed trade name must:
must not damage the country’s public morals or order
the company’s legal form, for example (LLC, FZE, DMCC etc.)
conforms to the appropriate activity and legal status
Should not contain any religious or governing authority names or logos.
Trade name registration – Abu Dhabi portal
The Abu Dhabi Government’s Trade Name Search
Dubai Economy Trade Name
A trade name inquiry – Sharjah Economic Development
Noms de commerce – SED
Get a business permit.
The type of business licence you need depends on your significant activity.
Types of business activities
In twofour54, you can do the following:
Making digital content (e.g. CGI, 3D etc.)
m-media (e.g. content for interactive media services on mobile phones)
Online e-content creation (e.g. websites, e-books, travel guides etc.)
Arts and theatre
Printing content (e.g. magazines, journals, periodicals, newsletters, guides, handbooks etc.)
Making radio content
IT development (e.g. applications)
The art of songwriting
Web development (e.g. portal, search engine, community site, web production, online library)
Aside from business
IT Services (e.g. media related market research)
According to twofour54’s website, you cannot use ‘Abu Dhabi’ or ‘UAE’ in the name of the FZ-LLC or branch.