A Guide to VAT Deregistration Process (VAT Cancellation)

VAT deregistration refers to the formal process of cancelling a business’s VAT registration (TRN) with the Federal Tax Authority (FTA) in the UAE. It is a legal requirement for businesses that no longer meet the conditions for VAT registration and must be handled with care to avoid penalties.

This guide outlines when VAT deregistration is required, the types of deregistration, how to apply, and key points to consider.

Who Should Apply?

Businesses must apply for VAT deregistration if:

  • Their taxable supplies and imports in the last 12 months are below AED 187,500
  • The business has ceased operations or no longer makes taxable supplies
  • They registered voluntarily and no longer meet the minimum threshold of AED 187,500 for the past 12 months
  • A branch or business segment is closing while the main license remains active under a different TRN

Types of VAT Deregistration

There are two main scenarios :

1. Mandatory Deregistration

If your business no longer meets the VAT registration requirements (e.g., taxable turnover is below AED 187,500 or business activity has stopped), you must apply for deregistration within 20 business days from the date of eligibility. Failure to do so may result in administrative penalties from the FTA.

2. Voluntary Deregistration

A business that voluntarily registered for VAT but has not exceeded the AED 187,500 threshold in the past 12 months can request voluntary deregistration. The process is similar but not mandatory, and the decision lies with the FTA based on the submitted evidence.

Timeline and Deadlines

  • Application Deadline: 20 business days from the date you become eligible for deregistration
  • FTA Review Time: Typically processed within 10 business days (may vary based on documentation)

Required Documents

To submit your application, prepare the following:

  • Copy of your Trade License
  • VAT Registration Certificate
  • Emirates ID and Passport copies of the owner/manager
  • Last VAT Return filed
  • Audit report or financial statements (if applicable)
  • Reason for deregistration (e.g., business closure, revenue drop)

How to Apply?

Follow these steps:

  1. Log in to your account on the FTA e-Services portal
  2. Select “VAT Deregistration” from the VAT section
  3. Fill in the form with required details and select reason for cancellation
  4. Attach supporting documents
  5. Submit the application and await confirmation via email or portal

Once the FTA approves your request, your Tax Registration Number (TRN) will be officially cancelled.

Post-Deregistration Responsibilities

Even after VAT deregistration, businesses are still required to:

  • Submit a final VAT return
  • Settle any outstanding VAT liabilities
  • Maintain accounting records for 5 years as per UAE VAT law

Failure to meet these obligations may result in penalties or legal consequences.

Why Is VAT Deregistration Important?

Deregistering on time:

  • Helps avoid unnecessary VAT compliance burdens
  • Prevents late filing penalties or misuse of the TRN
  • Keeps your business in good standing with the FTA

Need Help with VAT Services?

The VAT deregistration process can be straightforward, but errors in filing, missed deadlines, or insufficient documentation can lead to fines. It’s recommended to consult a qualified VAT advisor or accounting firm to handle the process professionally.

Penalty Waiver

UAE FTA Offers Penalty Waiver for Late Corporate Tax Registration

The Federal Tax Authority (FTA) has rolled out a transitional relief mechanism to ease corporate tax compliance for UAE businesses. If you were late to register for corporate tax and received the AED 10,000 penalty, there’s now a way to have that penalty completely waived, but only if you meet the new 7-month filing window.

This one-time opportunity is valid only for your first tax period.

Who Is Eligible for the Waiver?

The waiver applies to a wide range of business structures, including:

  • Mainland companies
  • Free Zone entities
  • Certain exempt persons (e.g., qualifying investment funds, REITs)

If you file your first corporate tax return within seven months of the end of your financial year, the AED 10,000 late-registration penalty will be waived even if you haven’t registered yet.

Example: If your financial year ended on 31 December 2024, file by 31 July 2025 to qualify.

Already Paid the AED 10,000? Here’s What Happens

Businesses that already paid the penalty but meet the filing condition will get an automatic refund credited to their EmaraTax account. No extra paperwork is required, as long as your return is submitted within the seven-month window.

How Is This Different from the 9-Month Deadline?

There is a difference between filing grace and penalty waiver eligibility:

ScenarioAction TakenResult
Registered late, unpaid penaltyFiled within 7 months✅ Waiver granted
Registered late, paid penaltyFiled within 7 months✅ Refund processed
Not registered at allRegister & file within 7 months✅ No penalty charged

While the standard corporate tax return filing deadline is nine months, penalty relief is only granted if you act within seven months.

Why This Matters for UAE Businesses

The waiver can save eligible entities AED 10,000 per registration and reduce compliance pressure on newly incorporated or previously unaware businesses.

This move facilitates a smoother transition into the UAE’s corporate tax system, which took effect in June 2023.

Avoid Penalties – Take Action Now

Don’t wait until the ninth month if you want to avoid the penalty. Make sure to:

  • Confirm your first financial year-end
  • File your return in EmaraTax within 7 months
  • Review your account for refund eligibility if you already paid

Need Help Filing Correctly?

KLOUDAC can assist with timely and compliant corporate tax filings. Our expert consultants help you avoid penalties and stay ahead of FTA regulations.

e-invoicing

Mandatory E-Invoicing in the UAE: How to Prepare Before 2026

The UAE Ministry of Finance has announced the implementation of mandatory e-invoicing for B2B and B2G transactions, scheduled to go live by July 2026. This shift aims to upgrade the country’s tax infrastructure, improve transparency, and reduce compliance burdens through automation. To stay compliant, businesses must understand how this new system works and begin preparing early. 

What Is E-Invoicing?

E-invoicing refers to the digital generation, exchange, and archiving of invoices in a structured electronic format (like XML). Unlike paper or unstructured PDFs, e-invoices are processed through government-approved systems and sent directly to the Federal Tax Authority (FTA) for real-time validation and reporting.

Implementation Roadmap: Key Milestones

The UAE’s e-invoicing rollout will happen in three main phases.

  • Phase 1 is expected to begin in Q4 2024, when the government will start accrediting Approved Service Providers.
  •  Phase 2 will follow in Q2 2025, with the release of formal legislation, technical documentation, and system specifications for e-invoicing compliance.
  •  Phase 3, the final stage, is scheduled for July 2026, when e-invoicing will become mandatory for all VAT-registered businesses involved in B2B and B2G transactions.

Why This Matters to Your Business

  • Prevents compliance penalties from delayed reporting
  • Streamlines invoicing workflows through automation
  • Reduces fraud and invoice disputes
  • Aligns with global standards like the Peppol model

5 Steps to Prepare for E-Invoicing

  1. Audit Your Current Invoicing System
    Can your system generate structured invoice files? If not, begin your digital upgrade.
  2. Select a Compliant Technology Partner
    Choose an accredited provider who understands both UAE VAT laws and e-invoicing integration.
  3. Train Internal Teams
    Ensure your finance and operations teams understand the new invoicing process and reporting flow.
  4. Align with VAT Compliance Standards
    Check whether your tax entries, invoice formats, and data fields match FTA requirements.
  5. Stay Updated via Official Channels
    Regularly check updates from the FTA or the Ministry of Finance regarding implementation changes.

How KLOUDAC Can Help with E-Invoicing

KLOUDAC helps businesses get ready for the UAE’s upcoming e-invoicing system. Our team will review your current invoicing process, set up the tools needed to meet the new format, and make sure everything is in line with VAT rules. They also offer continued support to keep your business running smoothly during and after the change.

Business Valuation in UAE: Here’s What You Need to Know

Business Valuation in UAE: Here’s What You Need to Know

Whether you’re scaling your operations, preparing for an acquisition, or pitching to investors, understanding your business’s true value is essential. A professional business valuation offers financial clarity, supports smart decision-making, and ensures compliance with UAE regulations.

Here are the core reasons why business valuation matters in the UAE and how the process is applied across different industries.

Why Business Valuation Matters

● Strategic Planning

Understanding your company’s worth helps you benchmark against competitors, allocate resources wisely, and identify growth opportunities.

● Mergers, Acquisitions & Exit Strategy

During a business sale or merger, valuation plays a critical role in negotiations. Buyers want transparency and sellers want justification for their asking price.

● Tax, Compliance & Legal Requirements

UAE tax authorities or banks often request a formal business valuation report for audits, ownership restructuring, or financing.

Common Business Valuation Methods Used in the UAE

  • Discounted Cash Flow (DCF) Analysis

The DCF method estimates the value of a business based on its future cash flows, which are adjusted (discounted) to reflect their present value.

  • Comparable Company Analysis (CCA)

This method involves comparing the target business to similar companies (peers) in the same industry, using valuation multiples such as P/E (Price-to-Earnings) and EV/EBITDA (Enterprise Value to Earnings Before Interest, Taxes, Depreciation, and Amortization).

  • Asset-Based Valuation

This approach values a business based on the net value of its assets (both tangible and intangible), subtracting liabilities.

  • Precedent Transactions Analysis

This method involves analyzing the prices paid for similar companies in past transactions to derive a valuation range for the target business.

Where Business Valuation is Commonly Applied

  • Mergers and Acquisitions (M&A) Deals – Ensure both parties agree on a fair, data-driven valuation.
  • Raising Capital – Investors need confidence in a company’s valuation before funding.
  • Internal Shareholder Agreements – Settle disputes or split ownership based on value.
  • Succession Planning or Restructuring – A valuation ensures smooth transitions.

KLOUDAC Supports Business Valuation in the UAE

KLOUDAC delivers professional business valuation services tailored to the unique demands of UAE companies. From financial reviews to market benchmarking and compliant reporting, their expert team ensures that every valuation is accurate, objective, and aligned with regulatory standards, making it easier for business owners to plan, negotiate, and grow with confidence.

How to File a VAT Reconsideration Request in the UAE

How to File a VAT Reconsideration Request in the UAE

Understanding VAT Reconsideration in the UAE

Businesses registered for Value Added Tax (VAT) may occasionally face penalties due to non-compliance or misunderstandings in the UAE. If a company believes that a penalty or decision by the Federal Tax Authority (FTA) is unjustified, it has the right to submit a VAT reconsideration request.

What Is a VAT Reconsideration Request?

A VAT reconsideration request is an official appeal submitted to the Federal Tax Authority (FTA) by a business or individual who disagrees with a decision made by the FTA. It provides an opportunity to explain your case and request the reversal or adjustment of that decision.

Common scenarios that might justify a reconsideration request include:

  • Administrative penalties (e.g., late filing or payment fines)
  • Rejected VAT refund claims
  • Denied VAT registration or deregistration
  • Disputes over submitted tax returns or audit findings

The goal is to provide a legitimate explanation and supporting documents that prove the FTA’s decision may have been made in error or without complete information.

Eligibility for VAT Reconsideration

A VAT reconsideration request can be filed when a business disagrees with a decision made by the FTA, such as:

  • Imposition of administrative penalties.
  • Rejection of VAT refund claims.
  • Denial of VAT registration or deregistration applications.

It’s crucial to note that the request must be submitted within 40 business days from the date of the original decision by FTA.

Step-by-Step Process to File a VAT Reconsideration Request

Filing a reconsideration request requires a clear understanding of the process. Here’s a breakdown of the key steps:

1. Log in to the FTA e-Services Portal

You must be registered with the FTA and have an active online account. Access the portal at tax.gov.ae.

2. Complete the Reconsideration Form

Select “Request for Reconsideration” under the services section. Fill out the form carefully. You will be asked to provide:

  • FTA decision reference number
  • Details of the FTA decision
  • Reason for disagreement

The user manual is provided for your convenience by FTA

The explanation must be written in Arabic, as it is the only language accepted by the FTA for official submissions.

3. Attach Supporting Documents

Upload all necessary documentation to support your claim. This might include:

  • FTA decision letter or penalty notice
  • Accounting records or bank statements
  • Copies of submitted VAT returns
  • Emails or correspondence related to the issue

Make sure all documents are accurate and organized to avoid rejection due to incomplete information.

4. Submit the Application

Once your form and documents are ready, submit the request through the FTA portal. You will receive a confirmation email that your request has been received.

5. Wait for FTA’s Response

The FTA typically responds to reconsideration requests within 45 business days from the date it received your completed reconsideration application. The decision will be communicated via your registered email and account on the portal.

Important Tips to Keep in Mind

  • Always keep a copy of all submitted documents and confirmations for future reference.
  • Use clear, factual language in your explanation—avoid emotional appeals.
  • Ensure that your VAT filings and records are fully up to date before filing.
  • Consult a VAT expert to prepare your request professionally.

KLOUDAC: Your Trusted Partner for VAT Reconsideration

Submitting a VAT reconsideration request is a legal process that demands precision; small errors can lead to rejection. KLOUDAC’s expert team ensures your appeal is handled professionally from start to finish by analyzing penalties and issues in detail, gathering and preparing all necessary documents, drafting appeal letters in the correct format and language, communicating directly with the FTA, and offering guidance to improve your VAT compliance. 

How Professional Bookkeeping Saves Time and Money

How Professional Bookkeeping Saves Time and Money

Many businesses spend countless hours on outdated, manual bookkeeping practices without realizing the hidden cost in lost time, inefficiency, and compliance risks.

Professional bookkeeping offers a modern, strategic solution. It’s more than just recording transactions; it’s about creating a reliable financial system that helps you understand where your money is going. It will help you make informed decisions and stay fully compliant with regulatory requirements.

In a fast-moving market where financial frameworks and business trends evolve rapidly, having a solid bookkeeping is essential. With professional support, smart tools, and real-time insights, businesses can reduce costs, improve financial clarity, and focus more on growth than paperwork.

What is Professional Bookkeeping?

Bookkeeping refers to the process of recording, organizing, and maintaining financial transactions within a business. Professional bookkeeping goes a step further involving structured systems, automation, skilled accountants, and a strategic approach to ensure every dirham is accounted for. In the UAE, where tax regulations such as VAT and Corporate Tax have added new layers of compliance, professional bookkeeping is essential.

Streamlined Financial Processes

One of the biggest challenges businesses face is the time-consuming nature of manual bookkeeping. Professional bookkeepers use advanced accounting software and well-established procedures to streamline financial processes such as transaction recording, invoicing, bank reconciliations, and financial reporting. This automation drastically cuts down on human error and repetitive tasks, freeing up valuable time for business owners and their teams to focus on core operations.

With tools like cloud-based accounting platforms, businesses can access up-to-date financial data anytime, from anywhere. This accessibility accelerates workflows and reduces delays caused by paperwork or inefficient systems.

Accurate Financial Reporting

Accurate financial records are crucial for making informed business decisions, meeting regulatory requirements, and preparing for tax obligations. Mistakes in accounting can lead to costly penalties, inaccurate tax filings, or even missed opportunities for savings.

Professional bookkeeping ensures that your financial statements are timely and compliant with the latest regulations. This reliability enables you to analyze your company’s financial health, identify trends, and make data-driven decisions that support growth and stability.

Cost-Effective Resource Management

Hiring an in-house bookkeeper comes with fixed costs such as salaries, benefits, and training. For many businesses, especially small and medium-sized enterprises, outsourcing bookkeeping is a cost-effective solution.You pay only for the services you need, gaining access to expert knowledge without the overhead.

Professional bookkeeping services also help you avoid costly errors that could lead to fines or financial mismanagement, further protecting your bottom line.

Enhanced Cash Flow Management

Effective cash flow management is essential for the survival and growth of any business. Professional bookkeepers help maintain a healthy cash flow by closely monitoring accounts receivable and payable, tracking expenses, and providing insights into your cash position.

By understanding your cash flow patterns, you can plan ahead, prevent cash shortages, and allocate resources efficiently. This proactive approach prevents surprises and supports sustainable growth.

Tax Compliance and Savings

Navigating complex tax laws is often a challenge for business owners. Professional bookkeeping services stay current with ever-changing tax regulations to ensure your business remains compliant. This reduces the risk of audits and penalties.

Additionally, skilled bookkeepers identify eligible tax deductions and credits that you might overlook on your own. Taking advantage of these opportunities can result in significant cost savings.

Focus on Core Business Activities

Time spent managing bookkeeping is time taken away from growing your business. By entrusting your financial administration to professionals, you free up resources to focus on what you do best. Whether that’s product development, customer service, or marketing.

This shift allows business owners to invest their energy where it matters most, driving revenue and innovation.

Scalable Solutions for Growing Businesses

As your business expands, your bookkeeping needs become more complex. Professional bookkeeping services offer scalable solutions. Whether you need basic bookkeeping or comprehensive financial management, expert providers can tailor their services to fit your business size and goals.

This flexibility ensures you receive the right level of support at every stage of growth without unnecessary costs.

Why KLOUDAC is the Right Partner for Your Bookkeeping Needs

KLOUDAC understands the unique financial landscape of the UAE. Their professional bookkeeping services are designed to simplify accounting processes and ensure full compliance with UAE regulations. With a team of skilled professionals and the integration of advanced platforms like XERO, they deliver real-time insights and scalable solutions tailored to your business needs.

Financial Due Diligence: The Smart Investor’s First Step Before Any Business Acquisition

Financial Due Diligence: The Smart Investor’s First Step Before Any Business Acquisition

Before acquiring any business, performing financial due diligence isn’t just smart, it’s critical. Whether you’re buying a startup, merging with an established company, or investing in a new venture, due diligence protects your interests by exposing financial red flags and ensuring you’re not overpaying.

Here’s why financial due diligence before acquisition is vital, and what key areas investors should focus on.

1. Uncovering Hidden Financial Risks

Financial statements alone don’t tell the full story. A thorough review helps identify:

  • Undisclosed debts or liabilities
  • Irregular accounting practices
  • Pending litigations or legal risks
  • Risky off-balance sheet transactions

These factors can significantly affect a business’s value and impact your return on investment if left unchecked.

2. Verifying Profitability and Cash Flow

Healthy revenue doesn’t always mean profitability. Due diligence provides insights into:

  • True profit margins
  • Revenue stability and sources
  • Working capital adequacy
  • Cash flow sustainability

It also helps validate whether the business’s financial projections are realistic or overly optimistic.

3. Assessing Tax and Regulatory Compliance

Unpaid taxes or compliance issues can lead to fines or legal action. Due diligence reviews:

  • Tax filings and payments
  • Regulatory licenses and renewals
  • Employment law adherence
  • Environmental or industry-specific regulations

Ensuring the business complies with all legal obligations reduces post-acquisition risk.

4. Understanding Contracts and Ownership Structure

You’ll want clarity on the ownership breakdown, shareholder agreements, and major customer or supplier contracts. These documents often contain clauses that affect control, profits, and future liabilities.

Make Smarter Decisions with Kloudac

At KLOUDAC, we support investors with detailed financial due diligence services to help you make confident, well-informed decisions. Our team of experienced professionals ensures every risk is assessed, and every number makes sense before you commit to the deal.

Top 4 Free Zones in the UAE for Business Setup: Benefits, Specialties & Opportunities

Top 4 Free Zones in the UAE for Business Setup: Benefits & Opportunities

With over 40 free zones across the country, each catering to specific industries and needs, they offer attractive incentives such as 100% foreign ownership, tax exemptions, and streamlined licensing processes. If you’re considering a business setup in a UAE Free Zone, here’s a closer look at four popular ones, their unique features, and who can benefit from operating there.

1. Dubai Multi Commodities Centre (DMCC) – Dubai

Specialty: Commodities, Trade, Crypto, Technology

Located in the heart of Dubai, DMCC has been ranked the world’s number one Free Zone for several years. It is home to over 24,000 businesses ranging from global multinationals to agile startups.

Benefits:

  • 100% foreign ownership and full capital repatriation
  • Access to world-class office spaces and trade infrastructure
  • Business-friendly regulations for crypto and tech startups
  • No personal or corporate income taxes

Who Can Do Business:
Ideal for companies in commodities trading, tech, finance, blockchain, jewelry, and professional services.

2. RAKEZ (Ras Al Khaimah Economic Zone) – Ras Al Khaimah

Specialty: Manufacturing, Logistics, Education, Services

RAKEZ is a cost-effective and flexible free zone that supports a wide range of industries. It offers custom-built warehouses, shared workspaces, and a simplified visa process.

Benefits:

  • One of the lowest business setup costs in the UAE
  • Easy access to local and international markets
  • Visa packages for small and large teams
  • Flexibility for freelancers and solo entrepreneurs

Who Can Do Business:
Perfect for SMEs, freelancers, manufacturers, educational institutions, and logistics companies looking for affordability and scalability.

3. Sharjah Media City (SHAMS) – Sharjah

Specialty: Media, Marketing, Creative Industries

SHAMS is designed for the creative and media sectors, offering licenses to content creators, freelancers, and digital marketing professionals.

Benefits:

  • Quick and cost-effective licensing starting from AED 5,750
  • No physical office requirement
  • 100% foreign ownership
  • Multiple business activities under one license

Who Can Do Business:
Best suited for freelancers, digital marketers, influencers, media production, event management, and e-commerce startups.

4. Abu Dhabi Global Market (ADGM) – Abu Dhabi

Specialty: Finance, Fintech, Professional Services

ADGM is an international financial center governed by English Common Law, making it extremely appealing for investors, banks, and fintech startups.

Benefits:

  • Independent legal framework with high regulatory standards
  • Ideal for fundraising and global business deals
  • Zero corporate and personal income tax
  • Prestigious address in Abu Dhabi’s financial district

Who Can Do Business:
Designed for financial institutions, investment firms, law practices, consultants, and fintech innovators seeking a regulated environment.

Why Set Up Your Business in a UAE Free Zone?

Free zones offer unmatched advantages:

  • 100% foreign ownership
  • No currency restrictions
  • No import/export duties within the zone
  • Simplified visa and licensing procedures
  • Access to a global business environment in the UAE

Whether you’re a solopreneur or a growing company, UAE free zones offer the strategic platform to launch and scale your operations with confidence.

Set Up Your UAE Free Zone Business with KLOUDAC

At KLOUDAC, we help startups, entrepreneurs, and global investors set up their businesses in UAE free zones—fast, compliant, and hassle-free. From choosing the right zone to handling paperwork, licenses, and banking, we’ve got you covered.

Is Your UAE Business Ready for Corporate Tax? A Practical Guide for 2025

Is Your UAE Business Ready for Corporate Tax? A Practical Guide for 2025

The introduction of Corporate Tax in the UAE marks a pivotal shift in how businesses, especially startups and SMEs, manage their financial responsibilities. As we move further into 2025, every business owner should ask: Is my business ready for Corporate Tax compliance?

This guide offers practical, easy-to-follow steps to help your UAE-based SME navigate the new tax landscape effectively and avoid penalties.

1. Understand the UAE Corporate Tax Framework

The UAE Corporate Tax applies to most businesses operating in the country, with a 9% tax rate on taxable income exceeding AED 375,000. Income below that threshold is taxed at 0%, giving startups some breathing room. Free Zone businesses with qualifying income may continue to benefit from 0% tax, subject to conditions. Determining if your business is subject to Corporate Tax and whether any exemptions apply (e.g., qualifying investment funds, certain government entities) is crucial.

2. Know Your Deadlines

The Federal Tax Authority (FTA) has set strict timelines for registration and tax return filing. Missing these can result in late registration penalties, although a penalty waiver has been announced (conditions apply). Generally, companies must file their CT return within nine months of the end of their first financial year.

For example, if your business’s financial year ends in December 2024, your first return is due by September 2025.

3. Organize Your Financial Records

Good recordkeeping is the backbone of tax compliance. Ensure you have:

  • Accurate bookkeeping and invoicing systems
  • Profit and loss statements
  • Records of deductible expenses
  • Supporting documents for any exemptions or incentives

Adopting cloud-based accounting software can greatly simplify compliance and reporting.

4. Assess Tax Liability & Plan Ahead

Understanding your taxable income is crucial. Work with a tax advisor to:

  • Assess your estimated tax liability
  • Identify deductible expenses
  • Determine transfer pricing obligations (if applicable)
  • Plan cash flow to cover future tax payments

5. Register for Corporate Tax with the FTA

Even if your SME’s income is under the AED 375,000 threshold, registration is mandatory. Early registration helps avoid last-minute errors and potential delays with FTA approval.

6. Seek Expert Support

Tax laws are complex and still evolving. Partnering with a professional ensures your SME remains compliant, tax-efficient, and audit-ready.

How KLOUDAC Can Help Your SME

At KLOUDAC, we understand the unique challenges SMEs and startups face. Our certified accountants and tax advisors offer comprehensive services including:

  • Corporate Tax registration
  • Tax planning & advisory
  • Recordkeeping and return filing
  • Audit preparation
  • Software implementation for accounting and compliance

Meydan Free Zone Launches ‘Fawri’: UAE’s Fastest 60-Minute Business License Solution

Meydan Free Zone Launches ‘Fawri’: UAE’s Fastest 60-Minute Business License Solution

Meydan Free Zone has launched ‘Fawri’, the UAE’s fastest business license solution, completed in just 60 minutes. This innovation is a game-changer for startups and entrepreneurs who are looking for a rapid and efficient business setup in the UAE, without compromising on compliance or quality.

What is the ‘Fawri’ Initiative?

The word Fawri translates to “immediate” or “instant” in Arabic. An apt name for this revolutionary licensing service. The initiative allows investors to obtain a full-fledged business license in just one hour. Significantly cutting down the usual processing time. This move by Meydan Free Zone reflects the UAE’s vision of becoming a global hub for entrepreneurship and innovation.

Key Benefits of the 60-Minute License

The Fawri license is ideal for entrepreneurs, freelancers, and startups aiming to hit the ground running. Here are some of the core advantages:

  • Fast-track business licensing within 60 minutes
  • 100% foreign ownership
  • No need for physical office space
  • Access to over 1,500 business activities
  • Fully digital registration process
  • Zero paid-up capital requirement

This service is especially useful for those who value time, efficiency, and minimal paperwork and want to take advantage of the UAE’s pro-business infrastructure.

Who Can Benefit from Fawri?

Whether you’re a freelancer, digital entrepreneur, consultant, or SME looking to enter the UAE market quickly, Fawri offers an unmatched speed-to-market advantage. International entrepreneurs can now get licensed while sitting anywhere in the world and start operating almost instantly.

In today’s fast-paced digital economy, time is money, and the Fawri initiative eliminates traditional delays and bureaucracy, making it a top choice for modern entrepreneurs.

Meydan Free Zone: A Smart Choice for Modern Businesses

Located in the heart of Dubai, Meydan Free Zone is already known for its flexible licensing packages, modern infrastructure, and ease of doing business. With the introduction of Fawri, it strengthens its position as a forward-thinking, entrepreneur-friendly zone that truly understands today’s business needs.

The zone supports e-commerce, media, trading, consulting, and tech-driven businesses, offering a strategic location near Downtown Dubai and the Business Bay area.

Kloudac Can Help You Set Up Your Business in 60 Minutes!

As an official registered agent for multiple UAE free zones, Kloudac is here to help you take full advantage of Meydan Free Zone’s new Fawri 60-minute business license solution. From document preparation to application submission and post-license support, we ensure a hassle-free and efficient process from start to finish.