Latest news with #MohammadBinHumaidanAlFalasi
Business Upturn
13-06-2025
- Business
- Business Upturn
Meydan Free Zone Leads Compliance Innovation with Smooth Digital Setup Model
Meydan Free Zone launches a fully digital compliance system aligned with UAE and global standards, offering fast approvals, real-time tracking, and risk-based profiling to help entrepreneurs stay audit-ready, meet regulatory demands, and grow efficiently in one of the world's most scrutinized business environments. Photo Courtesy of Meydan Free Zone DUBAI, United Arab Emirates, June 12, 2025 (GLOBE NEWSWIRE) — In a city recognized for e-government innovation, Meydan Free Zone is setting a new benchmark for digital business formation, unveiling a fully online setup experience that puts trust and transparency at the core of every step. Responding to the rising demand for regulatory accuracy, speed, and clarity, Meydan Free Zone has engineered a five-step, technology-enabled setup process. The system eliminates delays and errors, equipping founders with the tools and confidence needed to scale in one of the world's fastest-moving markets. 'Founders don't just want to move fast—they want to be trusted by banks, regulators, and partners from day one,' said Mohammad Bin Humaidan Al Falasi, Director of Free Zone Licensing at Meydan Free Zone. 'Our platform delivers that trust through technology, automation, and compliance built into every step.' A Fully Digital, Error-Free Setup Journey The Meydan Free Zone experience begins with guided business activity selection, ensuring each company aligns with UAE licensing and banking standards. Entrepreneurs receive legal structure and naming support, and built-in screening protocols prevent delays caused by inconsistencies or regulatory red flags. All submitted documents are subjected to compliance-grade checks, with digital workflows verifying the source of wealth, shareholder structures, and KYC data in accordance with FATF and UAE regulations. Once approvals are secured, trade licenses can be issued in as little as 60 minutes. A key advantage is Meydan's support for corporate bank account opening—a common challenge for new businesses. The platform provides banks with World Check screenings, verified KYC data, and clear shareholder structures, ensuring high approval rates and minimizing delays due to missing or misaligned information. Technology-Driven Transparency and Regulatory Alignment Meydan Free Zone integrates directly with Dubai's Live Compliance Dashboard, enabling real-time document validation and regulatory tracking. The entire setup process is remote, using e-signatures, AI chat assistance, and a blockchain-secured portal to provide full transparency and data integrity. The platform's enhanced compliance engine, launched earlier this year, automates source-of-funds verification, risk profiling, and ongoing due diligence, all aligned with UAE Federal Law and FATF standards. This ensures every business is prepared to meet the city's rigorous regulatory expectations from day one. Recognized as a qualified free zone under the UAE corporate tax framework, Meydan Free Zone offers eligible businesses 0% corporate tax on qualifying income, with registration and filing requirements smoothly integrated into the setup journey. With over 33,000 regulatory inspections conducted in Q1 2023 across the UAE, staying compliant from inception is essential. Meydan's structured digital workflow eliminates setup errors, streamlines government approvals, and ensures that all regulatory documents are aligned with bank and partner requirements, providing entrepreneurs with a clear, easy path from concept to operational launch. Setting the Gold Standard for Modern Business Formation Meydan Free Zone's dedication to a simple, secure, and fully digital setup positions it as a cornerstone of Dubai's future-forward business environment. The platform features UAE Pass connection, ISO-certified data protection, guaranteed bank account access, and real-time regulatory alignment.. About Meydan Free Zone Meydan Free Zone is one of Dubai's most future-focused business hubs. It offers a fully digital setup experience, comprehensive compliance support, and access to over 2,500 business activities. Built for speed, transparency, and simplicity, Meydan empowers entrepreneurs to scale confidently from Dubai to the world. Contact Information: Contact Person's Name: Anisha Sagar Organization / Company: Meydan Free Zone Company website: Contact Email Address: [email protected] A photo accompanying this announcement is available at Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Yahoo
12-06-2025
- Business
- Yahoo
Meydan Free Zone Leads Compliance Innovation with Smooth Digital Setup Model
Meydan Free Zone launches a fully digital compliance system aligned with UAE and global standards, offering fast approvals, real-time tracking, and risk-based profiling to help entrepreneurs stay audit-ready, meet regulatory demands, and grow efficiently in one of the world's most scrutinized business Courtesy of Meydan Free Zone DUBAI, United Arab Emirates, June 12, 2025 (GLOBE NEWSWIRE) -- In a city recognized for e-government innovation, Meydan Free Zone is setting a new benchmark for digital business formation, unveiling a fully online setup experience that puts trust and transparency at the core of every step. Responding to the rising demand for regulatory accuracy, speed, and clarity, Meydan Free Zone has engineered a five-step, technology-enabled setup process. The system eliminates delays and errors, equipping founders with the tools and confidence needed to scale in one of the world's fastest-moving markets. 'Founders don't just want to move fast—they want to be trusted by banks, regulators, and partners from day one,' said Mohammad Bin Humaidan Al Falasi, Director of Free Zone Licensing at Meydan Free Zone. 'Our platform delivers that trust through technology, automation, and compliance built into every step.' A Fully Digital, Error-Free Setup Journey The Meydan Free Zone experience begins with guided business activity selection, ensuring each company aligns with UAE licensing and banking standards. Entrepreneurs receive legal structure and naming support, and built-in screening protocols prevent delays caused by inconsistencies or regulatory red flags. All submitted documents are subjected to compliance-grade checks, with digital workflows verifying the source of wealth, shareholder structures, and KYC data in accordance with FATF and UAE regulations. Once approvals are secured, trade licenses can be issued in as little as 60 minutes. A key advantage is Meydan's support for corporate bank account opening—a common challenge for new businesses. The platform provides banks with World Check screenings, verified KYC data, and clear shareholder structures, ensuring high approval rates and minimizing delays due to missing or misaligned information. Technology-Driven Transparency and Regulatory Alignment Meydan Free Zone integrates directly with Dubai's Live Compliance Dashboard, enabling real-time document validation and regulatory tracking. The entire setup process is remote, using e-signatures, AI chat assistance, and a blockchain-secured portal to provide full transparency and data integrity. The platform's enhanced compliance engine, launched earlier this year, automates source-of-funds verification, risk profiling, and ongoing due diligence, all aligned with UAE Federal Law and FATF standards. This ensures every business is prepared to meet the city's rigorous regulatory expectations from day one. Recognized as a qualified free zone under the UAE corporate tax framework, Meydan Free Zone offers eligible businesses 0% corporate tax on qualifying income, with registration and filing requirements smoothly integrated into the setup journey. With over 33,000 regulatory inspections conducted in Q1 2023 across the UAE, staying compliant from inception is essential. Meydan's structured digital workflow eliminates setup errors, streamlines government approvals, and ensures that all regulatory documents are aligned with bank and partner requirements, providing entrepreneurs with a clear, easy path from concept to operational launch. Setting the Gold Standard for Modern Business Formation Meydan Free Zone's dedication to a simple, secure, and fully digital setup positions it as a cornerstone of Dubai's future-forward business environment. The platform features UAE Pass connection, ISO-certified data protection, guaranteed bank account access, and real-time regulatory alignment.. About Meydan Free Zone Meydan Free Zone is one of Dubai's most future-focused business hubs. It offers a fully digital setup experience, comprehensive compliance support, and access to over 2,500 business activities. Built for speed, transparency, and simplicity, Meydan empowers entrepreneurs to scale confidently from Dubai to the world. Contact Information: Contact Person's Name: Anisha SagarOrganization / Company: Meydan Free ZoneCompany website: Email Address: anisha@ A photo accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Emirates Woman
19-05-2025
- Business
- Emirates Woman
Launch your business in 60 minutes with Dubai's Meydan Free Zone instant licensing
In a city where ambition and innovation converge, Dubai's Meydan Free Zone has once again set a new standard for entrepreneurial agility. Introducing Fawri, a digital service that delivers a complete business license in just 60 minutes for AED 15,000. This isn't merely a convenience; it's a paradigm shift in business setup, designed for the modern founder who values speed, simplicity, and seamless execution. As the UAE's first fully digital free zone, Meydan has reimagined the licensing process with Fawri, eliminating traditional bureaucratic hurdles. The service caters to solo entrepreneurs, providing all essential legal documents, including the business license, certificate of formation, share register, memorandum and articles of association, and lease agreement, within an hour. The implications are profound: no more weeks of waiting or paperwork. Just a streamlined, digital-first approach that aligns with Dubai's vision of a frictionless business ecosystem. But efficiency is only part of the appeal. Once the license is issued, entrepreneurs can immediately proceed with visa applications and corporate bank account setup through Meydan's integrated digital platform. The flexibility extends further. Businesses can combine up to three activity groups under a single license, allowing founders to operate across multiple sectors without added complexity. Mohammad Bin Humaidan Al Falasi, Strategic Director of Free Zone Licensing at Meydan, underscores the transformative potential: 'Fawri ensures that business owners aren't just licensed—they're operational within the same day. This is about empowering founders with clarity, speed, and confidence from the very first step.' The benefits are compelling: 100% foreign ownership, no paid-up capital requirements, full repatriation of profits, and the freedom to lease office space anywhere in Dubai (with Department of Economy & Tourism approval). These features position Fawri as a magnet for global entrepreneurs seeking a competitive edge in the UAE's dynamic market. This launch follows Dubai's March 2024 announcement allowing free zone companies to operate on the mainland—a move that further enhances the emirate's appeal as a business hub. With Fawri, Meydan Free Zone not only accelerates the licensing process but also solidifies Dubai's reputation as a destination where innovation meets opportunity. – For more on luxury lifestyle, news, fashion and beauty follow Emirates Woman on Facebook and Instagram Images & Feature Image:
Business Recorder
16-05-2025
- Business
- Business Recorder
Dubai free zone launches instant, 60-minute business license
Dubai's Meydan Free Zone has launched Fawri, a service that enables entrepreneurs to obtain a complete business license in 60 minutes for AED 15,000. According to a statement published on Wednesday, 'this innovative platform redefines the speed and simplicity of company formation in Dubai, empowering founders to launch their businesses with unprecedented efficiency.' Meydan's website states it is the only 100% digital free zone in Dubai. Dubai 'removes walls' for free zone companies, allows them to operate in mainland Fawri is a digital licensing solution designed for solo entrepreneurs. Eligible individuals can receive all 'core legal documents' — including the business license, certificate of formation, share register, memorandum and articles of association, and lease agreement — within the hour. Upon issuance of the license in under 60 minutes, entrepreneurs can immediately begin the visa application and corporate bank account setup process through Meydan Free Zone's integrated digital ecosystem. The initiative 'reflects our deep belief that the entrepreneurial journey should begin with clarity, speed, and confidence,' said Mohammad Bin Humaidan Al Falasi, Strategic Director of Free Zone Licensing at Meydan Free Zone. Entrepreneurs can combine up to three activity groups under one license, with the freedom to operate across different industries. 'With Fawri, we are setting a new benchmark for business setup in the UAE — one that is digital, founder-first, and globally competitive.' 'Fawri ensures that business owners are not just licensed but operational within the same day,' he added. Fawri offers 100% foreign ownership, zero paid-up capital requirements, full repatriation of capital and profits, and freedom to lease office space anywhere in Dubai with Department of Economy & Tourism approval. 'The launch of Fawri reinforces Meydan Free Zone's commitment to driving digital transformation, enabling founder-led businesses, and making Dubai the destination of choice for global entrepreneurship,' its statement said. Back in March, Dubai announced new rules allowing companies set up inside its many free zones to operate outside of them in a move that was hailed as 'a gateway to growth'.
Arabian Business
14-05-2025
- Business
- Arabian Business
Dubai free zone launches 60-minute business licence service
A free zone in Dubai is offering entrepreneurs an express business licence service to get up and running in one hour. Meydan Free Zone officially launched Fawri, a new service that enables entrepreneurs to obtain a complete business licence in just 60 minutes. Meydan Free Zone says the platform redefines the speed and simplicity of company formation in Dubai, empowering founders to launch their businesses with unprecedented efficiency. Dubai free zone licence Fawri is a fully digital, all-in-one licensing solution designed specifically for solo entrepreneurs. With a seamless application process, eligible individuals can receive all core legal documents in an hour, including Business licence Certificate of formation Share register Memorandum and articles of association Lease agreement Mohammad Bin Humaidan Al Falasi, Strategic Director of Free Zone Licensing at Meydan Free Zone, said: 'Fawri is more than a product — it's a statement of intent. It reflects our deep belief that the entrepreneurial journey should begin with clarity, speed, and confidence. 'With Fawri, we are setting a new benchmark for business setup in the UAE — one that is digital, founder-first, and globally competitive. Upon issuance of licence under 60 minutes, entrepreneurs can immediately begin the visa application and corporate bank account setup process through Meydan Free Zone's integrated digital ecosystem. 'Fawri ensures that business owners are not just licensed but operational within the same day.' Available for more than 1,800 approved business activities across diverse sectors such as e-commerce, consulting, trading, education, and fintech, Fawri provides unmatched flexibility. Entrepreneurs can combine up to three activity groups under one licence, with the freedom to operate across different industries. Built for speed, simplicity, and security, Fawri includes automatic eligibility checks and a transparent pricing model with no hidden fees. Priced at AED15,000 ($4,100), the license includes one complimentary amendment in the first year, giving entrepreneurs room to evolve as their business grows. Fawri also offers 100 per cent foreign ownership, zero paid-up capital requirements, full repatriation of capital and profits, and freedom to lease office space anywhere in Dubai with DET approval. Meydan Free Zone's offers excellent service and a time-bound money-back guarantee — a first in the region. The launch of Fawri reinforces Meydan Free Zone's commitment to driving digital transformation, enabling founder-led businesses, and making Dubai the destination of choice for global entrepreneurship.
