Home Catalog Repair Of Fabricated Metal Products, Machinery And Equipment

Article: 1169

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Inves visa in Meydan, 111

State dutyloading

Terms days

This company can engage in repair of fabricated metal products, machinery, and equipment; repair of machinery; repair and maintenance of industrial machinery and equipment; non-automotive engines like ship or rail engines; pumps and related equipment; electrical equipment; power, distribution, and specialty transformers; electric motors, generators, and motor generator sets; switchgear and switchboard apparatus; relays and industrial controls; primary and storage batteries; electric lighting equipment; current-carrying and non-current-carrying wiring devices for wiring electrical circuits; and routine maintenance of ships.

About the company's activities

Types of activities

For a setup of a company in Meydan Free Zone in the field of repair of fabricated metal products, machinery and equipment, the following group of business activity has been chosen:

Repair Of Fabricated Metal Products, Machinery And Equipment (group 331):
- 3310,00 - Repair Of Fabricated Metal Products, Machinery And Equipment;
- 3311,00 - Repair Of Fabricated Metal Products;
- 3312,00 - Repair Of Machinery;
- 3312,01 - Repair And Maintenance Of Industrial Machinery And Equipment;
- 3312,02 - Repair And Maintenance Of Non-Automotive Engines, E.G. Ship Or Rail Engines;
- 3312,03 - Repair And Maintenance Of Pumps And Related Equipment;
- 3314,00 - Repair Of Electrical Equipment;
- 3314,01 - Repair And Maintenance Of Power, Distribution, And Specialty Transformers;
- 3314,02 - Repair And Maintenance Of Electric Motors, Generators, And Motor Generator Sets;
- 3314,03 - Repair And Maintenance Of Switchgear And Switchboard Apparatus;
- 3314,04 - Repair And Maintenance Of Relays And Industrial Controls;
- 3314,05 - Repair And Maintenance Of Primary And Storage Batteries;
- 3314,06 - Repair And Maintenance Of Electric Lighting Equipment;
- 3314,07 - Repair And Maintenance Of Current-Carrying Wiring Devices And Non Current-Carrying Wiring Devices For Wiring Electrical Circuits;
- 3315,01 - Repair And Routine Maintenance Of Ships.

The company can choose up to 3 groups of business activities under one license without additional fees.

License Type

Meydan FZ license that allows to сonduct commercial activity.

Additional External Regulator Approvals

No additional approval is required in order to complete the registration process of the company conducting this group of business activities. Choosing only one business activity (3315,01) requires an additional permit from the The Dubai Maritime Authority (DMA).

Share Capital Requirements

There is no minimum share capital requirement for Meydan FZ companies.
If the shareholder plans to obtain an investor visa, the shareholder's share in the share capital should be at least AED 50,000.

Company name requirments

Must not contain the names of local/international religious, political or governmental organizations

Bank Account

Entrepreneurs are provided with the opportunity to open a corporate account in classic banks with physical branches, as well as in digital banks and in payment systems.

When choosing a bank to open a corporate account, factors such as the level of service, fees, available currencies, convenience of online banking, the reputation of the bank and other conditions that may be important for business should be taken into account.

Successful corporate bank account opening requires a well-prepared document package, which may vary depending on the specific requirements of a particular bank. Incorrectly or incompletely submitted documents may negatively affect the final decision of the bank in processing the application for opening a corporate bank account.

About Jurisdiction

Name and Description

Title: Meydan Free Zone
Description:

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Terms

30days

Total:

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