How to get Business License with Virtual Account

Meydan Pay: Everything you need to know

When starting a new business, entrepreneurs are faced with a long checklist of administrative tasks. Perhaps the most important behind getting a UAE trade license is opening a corporate bank account. Without one, it can be difficult to make and take payments for business transactions.

Unfortunately, due to the UAE’s strict anti-money-laundering regulations and Know Your Customer (KYC) legislation, obtaining financial services is not always easy for non-GCC citizens.

That was before the introduction of Meydan Pay, an innovative eWallet for Meydan Free Zone customers. When you start your business at Meydan Free Zone, you’ll get a guaranteed and instant IBAN so you can begin transacting immediately, instead of waiting weeks to pass KYC checks and open a corporate bank account.

With Meydan Pay, you can:

  • Create a free eWallet to receive business payments quickly and easily
  • Add funds to your eWallet for business spending
  • Pay bills from your virtual account
  • Make instant and secure payments across multiple channels
  • Receive payments via payment link and QR code
  • Gain insight and analysis into your transaction history
  • Get a point-of-sale machine if required

Setting up a virtual eWallet with Meydan Pay is quick and easy. It’s open to all nationalities and suitable for both residents and non-residents.

You can fund your account and start making payments within minutes. Sending money is just as simple too. In the space of a few clicks, you can wire funds within the UAE and beyond using a bank account number, email address or phone number.

Setup Freezone

Setting up at Meydan Free Zone with EBMS

Meydan Pay is just one of the many benefits of starting a business at Meydan Free Zone. Companies that set up here can also take advantage of a host of innovative investment and lifestyle benefits in a secure, regulated environment that empowers productivity. Meydan Free Zone gives you:

  • A business presence in the heart of Dubai

You’re never far from the hustle and bustle of the city centre at Meydan Free Zone. Just 15 minutes from the Dubai International Airport and mere minutes from Downtown Dubai.

  • An empowering environment
    Dubai is home to countless startups, SMEs, and multinational corporations, making it the perfect city for you to start and grow your business.
  • A paperless experience

Meydan Free Zone’s intelligent and intuitive license application kit brings together all aspects of compliance and regulation for your businesses (such as UBO, ESR, AML) in a single interface.

And when you establish your Meydan Free Zone business with EBMS, the whole process is fast, affordable, and straightforward.

Ours is an end-to-end service designed to give you everything you need to launch, run and grow your business in the UAE. Our multinational, knowledgeable and experienced team are experts in UAE company formation.

We can manage the entire Meydan Free Zone licensing process, as well as assist with visa applications, bank account opening and a range of other PRO services.

So, if you’re ready to turn your business dreams into reality, get in touch with the team at EBMS today on +97155 174 5764 or email [email protected].