The modern economic free zone offers a very convenient business model which follows the concept of Pay as you go. This means that you can make an easy start and gradually build up your business. It is the only authority in the UAE to offer it. This means you have various packages to choose from, starting from simple licensing options at AED 12,500 to selecting packages that include costs of visas or business spaces and more. The total cost therefore is dependent on your business requirements.

Meydan free zone offers 3 kinds of licenses which are as follows:

1. Media License
2. Consulting License
3. Commercial license

To kick off the company formation process you have to choose and register your company name. This requires following particular naming parameters. Mention every business activity you wish to undertake and for this you may be required to provide business details and shareholders information like proof of addresses and identification. Apply for residency or investor visa. A fitness test is also required after which you can get Emirates ID which means you can sponsor others too. If you are getting paid in the UAE, open a bank account to start your business.