Dubai’s Meydan Free Zone has launched ‘Fawri,’ an innovative digital platform designed to issue business licenses in a record-breaking 60 minutes. This groundbreaking initiative aims to significantly streamline the company formation process for solo entrepreneurs in the UAE, reinforcing Dubai’s position as a global hub for business and innovation.
Revolutionizing Business Setup in the UAE
Meydan Free Zone’s ‘Fawri’ service is a fully digital, all-in-one licensing solution tailored for solo entrepreneurs. It allows eligible individuals to obtain all essential 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 enables entrepreneurs to become operational almost immediately, with integrated processes for visa applications and corporate bank account setups.
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 commitment to making the entrepreneurial journey clear, fast, and confident. He stated that it sets a new benchmark for business setup in the UAE, being digital, founder-first, and globally competitive.
Key Features of Fawri
- Rapid Licensing: Obtain a complete business license in just 60 minutes.
- Comprehensive Documentation: Receive all core legal documents instantly.
- Extensive Business Activities: Available for over 1,800 approved business activities across diverse sectors like e-commerce, consulting, trading, education, and fintech.
- Flexible Activity Groups: Combine up to three activity groups under one license.
- Transparent Pricing: Priced at AED 15,000 with no hidden fees, including one complimentary amendment in the first year.
- Favorable Business Environment: Offers 100% foreign ownership, zero paid-up capital requirements, full repatriation of capital and profits, and the freedom to lease office space anywhere in Dubai with DET approval.
- Money-Back Guarantee: Backed by Meydan Free Zone’s service excellence and a time-bound money-back guarantee, a first in the region.
Strategic Partnerships and Future Growth
The launch of Fawri aligns with Meydan Free Zone’s broader strategy to drive digital transformation and support founder-led businesses. This commitment is further solidified by strategic partnerships, such as the recent collaboration with DHL Express UAE. This partnership aims to enhance international shipping capabilities for UAE-based businesses operating within the Meydan Free Zone, offering streamlined logistics, preferential shipping rates, and expert customs guidance.
This collaboration, formalized by Mahmoud Haj Hussein, Country Manager of DHL Express UAE, and Mohammad Bin Humaidan Al Falasi, Director of Free Zone Licensing at Meydan Free Zone, supports Dubai’s economic agenda to foster entrepreneurship and strengthen its position as a global trade and innovation hub. The combined offering of rapid business setup through Fawri and robust logistics support from DHL creates an end-to-end ecosystem designed for efficiency, agility, and global reach for SMEs.
Key Takeaways
- Fawri significantly reduces the time and complexity of business setup in Dubai.
- The service is designed to empower solo entrepreneurs with speed and flexibility.
- Meydan Free Zone is committed to fostering a globally competitive and digitally advanced business environment.
- Strategic partnerships, like with DHL Express, further enhance the support system for businesses within the free zone.
