1. Overview of the free zones:

IFZA (International Free Zone Authority):

- LocationIFZA is located in the city of Dubai Silicon Oasis, a well-developed technology park. It is one of the newer free zones in Dubai, but has quickly established itself thanks to its attractive offerings.

- Industry focusIFZA offers a wide range of activities, including trading, service, consulting and industrial companies. It is particularly attractive for small and medium-sized enterprises looking to set up in Dubai.

- Cost efficiencyIFZA is known for its comparatively low start-up costs. There are different price packages that companies can choose depending on their needs.

- FlexibilityIFZA offers flexibility in the choice of license types and no minimum capital requirements. Companies can engage in a variety of business activities and there are no limits on the scope of business activities.

Meydan Freezone:

- LocationMeydan Freezone is located near the famous Meydan Racecourse, which is a prestigious address in Dubai. This makes it particularly interesting for companies that value an upscale status.

- Industry focusMeydan Freezone also has a wide range of business activities. It is particularly popular with consulting and service companies as well as start-ups that want to benefit from the good reputation of the Meydan infrastructure.

- PrestigeMeydan Freezone is known for its upmarket location and offers access to first-class business facilities. Companies that register their offices in Meydan benefit from a prestigious business address.

- Cost segmentWhile Meydan Freezone may have slightly higher fees compared to other free zones, this is often offset by the added prestige factor and proximity to high profile events and facilities.

2. Formation costs: - IFZA: Known for its low entry costs. A business setup can start at around AED 13,000, depending on the license chosen and additional services such as Visa.
   - Meydan FreezoneSlightly more expensive compared to IFZA. A standard setup is often around AED 17,000-20,000, largely due to the premium location fees.
3. Office requirements and flexibilityt: - IFZA: Offers options for both physical and virtual offices. This is a cost-effective alternative for companies that do not require a physical presence.
   - Meydan FreezoneFlexible office options are also available here, but many companies opt for physical offices due to the location to take advantage of the prestige of the Meydan address.
4. Visa–Options and employee capacity: - IFZA: Companies in IFZA can get up to six visas with a virtual office, and there is no limit to the number of employees as long as a physical office is rented.
   - Meydan FreezoneVisa capacities are also flexible. The number of visas granted per company depends on the office size, similar to IFZA.
5. Other advantages and special features: - IFZAFast incorporation (within 3-5 days) and a flexible structure that allows foreign entrepreneurs to own 100 % of their business. It also provides access to international networks and a variety of business incentives.
   - Meydan FreezoneIn addition to the location advantage, Meydan offers access to exclusive events and networks, which can be an advantage for business people who want to operate in upscale circles. Meydan also offers access to a network of business partners and investors.

Why handle the company formation process via SETUPCO?

1. Expertise and experience:
   SETUPCO is known for supporting companies in the UAE and specializing in the requirements of free zones. With extensive knowledge of local regulations and requirements, SETUPCO helps to make the incorporation process smooth and efficient.
2. Time saving:
   SETUPCO takes care of the entire process, from submitting the documents to obtaining the license and visa. Companies benefit from faster processing times and can concentrate on their core activities.
3. Customized solutions:
   SETUPCO offers individualized incorporation packages tailored to a company's specific needs, whether it is the IFZA or the Meydan Freezone. SETUPCO's expertise makes it possible to make the right choice for companies, depending on their budget and business objectives.
4. One contact for everything:
   SETUPCO offers a comprehensive service covering all aspects of setting up a business, including setting up bank accounts, visa applications and advice on tax benefits in the free zones. This significantly reduces the effort and complexity for entrepreneurs.
5. Cost efficiency:
   Thanks to SETUPCO's extensive network and partnerships, they can often obtain better conditions and faster approvals than companies that handle the process independently. SETUPCO ensures that hidden costs are avoided and that the company is transparently informed about the start-up costs.

In summary, both IFZA and Meydan Freezone offer excellent options for companies looking to operate in Dubai, but with different advantages in terms of cost, location and prestige. SETUPCO is the ideal partner to ensure that the incorporation process is smooth, fast and cost-effective, regardless of which free zone is chosen.