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UAE Free Zone (MEYDAN) · via MEYDAN Free Zone·🌐Founder profile

Incorporating a Meydan Free Zone LLC for Korean E-commerce Sellers

VerifiedJul 2026
EligibilityEligible
Setup timeline14–30days
Year-1 total$12,500

Korean e-commerce sellers can establish a Free Zone LLC in Meydan to access UAE tax incentives and international trade infrastructure. This structure allows for 100% foreign ownership and full repatriation of capital.

Registration requires adherence to UAE corporate tax laws and mandatory reporting to the Korean National Tax Service regarding foreign-source income.

§ 01Cost of ownership

Model the full outlay, not just the setup fee

Renewal costs sneak up on non-resident founders. Compare year-1 filing against a 3-year total to see the real bill.
Currency · USD (live FX)
2-year cost of ownership
$25,000
≈ $1,042/month amortized·USD @ live FX
Time horizon
Line items
Amount
  • SetupMEYDAN Free Zone setup
    $12,500
  • AnnualYear 2 renewal
    $12,500
Total$25,000
§ 02Tax residency · Korean E-commerce Sellers

What the tax authority sees

US federal / local status

UAE Federal Decree-Law No. 47 of 2022 imposes a 9% Corporate Tax on taxable income exceeding AED 375,000, with 0% VAT applicable to exports of services and goods outside the UAE.

Home-country rule

National Tax Service; foreign-source income reporting per Income Tax Act Article 3; Korea has US tax treaty (10% treaty rate for royalties).

Editorial verdict

Utilize Meydan Free Zone for its digital-first setup; ensure your Korean accounting firm tracks foreign-source income to comply with NTS reporting requirements.

Key compliance risks
  • 01Economic Substance Regulations (ESR) compliance requirements
  • 02NTS scrutiny on foreign-controlled corporate entities
  • 03Potential double taxation if tax residency is not clearly established
§ 03Setup timeline

From filing to funded bank account

Setup timeline
14–30days total, 3 phases
Milestone check
Filing · Tax ID · Banking
d0
d8
d15
d23
d30
01FilingMEYDAN Free Zone submits formation docs
d0–d11
02Tax ID / EINLocal tax authority registration
d9–d23
03BankingBusiness account approved & funded
d18–d30
§ 04Head-to-head

UAE Free Zone (MEYDAN) vs US LLC (Wyoming)

Full comparison →
UAE Free Zone (MEYDAN)
Free Zone LLC
US LLC (Wyoming)
LLC
Entity
Free Zone LLC
LLC
Setup cost
$1,306
$102.00
Annual
$1,306
$60.00
Local director
Remote OK
Remote OK
Physical presence
Remote OK
Remote OK
Tax regime
9% CT above AED 375k; 0% VAT for out-of-UAE trade
0% state tax; federal only on US-source income
§ 05Questions founders actually ask

FAQ

The UAE 9% tax applies to net profits over AED 375,000. Under the Korea-UAE Double Taxation Agreement, taxes paid in the UAE may be eligible for a foreign tax credit against your Korean income tax liability, subject to NTS verification.
More profiles for UAE Free Zone (MEYDAN)
Korean E-commerce Sellers — other jurisdictions
Next step

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