Dubai, UAE – In a significant move to bolster its position as a global business hub, Meydan Free Zone has unveiled ‘Fawri,’ a revolutionary digital platform designed to drastically simplify and accelerate the business setup process. This initiative promises to issue complete business licenses in a mere 60 minutes, setting a new benchmark for entrepreneurial efficiency in the region.
Revolutionizing Business Setup in the UAE
Meydan Free Zone’s launch of Fawri marks a pivotal moment for entrepreneurs looking to establish a presence in Dubai. This innovative, fully digital solution is tailored for solo entrepreneurs, enabling them to acquire all necessary legal documents, including the business license, certificate of formation, share register, memorandum and articles of association, and lease agreement, within an hour. This unprecedented speed aims to transform the entrepreneurial journey from a complex administrative hurdle into a streamlined, confident launchpad.
Mohammad Bin Humaidan Al Falasi, Strategic Director of Free Zone Licensing at Meydan Free Zone, emphasized that Fawri is more than just a service; it’s a declaration of intent to foster an environment where businesses can thrive with clarity and speed. The platform ensures that once licensed, entrepreneurs can immediately proceed with visa applications and corporate bank account setups through Meydan Free Zone’s integrated digital ecosystem, facilitating same-day operational readiness.
Key Takeaways
- Unprecedented Speed: Business licenses issued in 60 minutes.
- Comprehensive Digital Solution: All core legal documents provided instantly.
- Solo Entrepreneur Focus: Designed specifically for individual founders.
- Immediate Operational Readiness: Seamless integration with visa and bank account setup.
- Extensive Business Activities: Supports over 1,800 approved activities, allowing up to three activity groups per license.
- Transparent Pricing: Priced at AED 15,000 with no hidden fees and includes one complimentary amendment in the first year.
- Entrepreneur-Friendly Policies: Offers 100% foreign ownership, zero paid-up capital requirements, full repatriation of capital and profits, and flexibility to lease office space anywhere in Dubai with DET approval.
- Money-Back Guarantee: A first-in-the-region time-bound money-back guarantee underscores confidence in the service.
Empowering Global Entrepreneurship
Fawri’s introduction reinforces Dubai’s commitment to digital transformation and its ambition to be the preferred destination for global entrepreneurship. By eliminating traditional bureaucratic delays, Meydan Free Zone is actively enabling founder-led businesses to quickly enter the market and contribute to the UAE’s dynamic economy. The platform’s flexibility, allowing entrepreneurs to combine up to three activity groups under one license across diverse sectors like e-commerce, consulting, trading, education, and fintech, further enhances its appeal.
Built with speed, simplicity, and security in mind, Fawri incorporates automatic eligibility checks and a transparent pricing model. This initiative is poised to significantly reduce the time and effort required for business setup, making Dubai an even more attractive prospect for innovators and investors worldwide.
