Dubai, UAE – In a significant move to bolster its position as a global business hub, Meydan Free Zone has unveiled "Fawri," a revolutionary service promising to issue complete business licenses in a mere 60 minutes. This digital, all-in-one solution is set to dramatically streamline company formation, empowering entrepreneurs to launch their ventures with unprecedented speed and efficiency.
"Fawri": A Game-Changer for UAE Business Setup
Launched by Meydan Free Zone, Fawri is designed specifically for solo entrepreneurs, offering a seamless application process that delivers all essential legal documents within an hour. This includes the business license, certificate of formation, share register, memorandum and articles of association, and lease agreement. The initiative underscores the UAE’s commitment to fostering a dynamic and accessible entrepreneurial ecosystem.
Key Features and Benefits
- Unmatched Speed: Obtain a full business license in just 60 minutes.
- Comprehensive Documentation: Receive all core legal documents instantly.
- Digital-First Approach: A fully digital, all-in-one licensing solution.
- Solo Entrepreneur Focus: Tailored for individual founders.
- Immediate Operational Capability: Begin visa applications and corporate bank account setup on the same day.
Expanding Business Horizons
Fawri offers remarkable flexibility, covering over 1,800 approved business activities across diverse sectors such as e-commerce, consulting, trading, education, and fintech. Entrepreneurs can combine up to three activity groups under a single license, allowing for operations across various industries. This broad scope ensures that a wide range of businesses can benefit from the expedited licensing process.
Transparent and Founder-Friendly
Priced at AED 15,000, Fawri boasts a transparent pricing model with no hidden fees. It includes one complimentary amendment in the first year, providing entrepreneurs with the flexibility to adapt as their businesses evolve. Mohammad Bin Humaidan Al Falasi, Strategic Director of Free Zone Licensing at Meydan Free Zone, emphasized that Fawri is a statement of intent, reflecting a belief that the entrepreneurial journey should begin with clarity, speed, and confidence.
Additional Advantages for Entrepreneurs
- 100% Foreign Ownership: Full control for international investors.
- Zero Paid-Up Capital Requirements: Eliminates a common barrier to entry.
- Full Repatriation of Capital and Profits: Ensures financial freedom.
- Flexible Office Space: Freedom to lease office space anywhere in Dubai with DET approval.
- Money-Back Guarantee: A regional first, demonstrating confidence in the service.
This initiative reinforces Meydan Free Zone’s dedication to digital transformation and its vision of making Dubai the premier destination for global entrepreneurship. Fawri is now live and accessible exclusively through Meydan Free Zone’s official digital platform.
