The Bottom Line
Meydan costs AED 10,720 less (41% savings) in your first year compared to DGDP. That’s AED 15,590 vs AED 26,310 all-in with one visa.
If speed matters more than cost, Meydan gets you operational in 3 Working Days — 4 working days faster than DGDP.
For banking, Meydan has high approval rates, which means smoother account opening and less paperwork. A rejected bank application can delay your launch by weeks.
Dubai · Est. 2009
Meydan Free Zone
Meydan suits solo entrepreneurs and small partnerships (max 6 shareholders) who want a Dubai presence without long setup timelines. Ideal for consultants, traders, and service providers serving the broader Middle East market.
License
AED 11,500
Visa
AED 3,150
Setup
3 Working Days
Banking
High
The Pros of Meydan
Dubai address for international credibility
Fastest setup at 3 working days
High bank approval rate for professional services
Flexible activity mix — ideal for multiple business lines
Virtual address with optional office upgrades
Strong reputation in Middle East business community
The Cons
Maximum 6 shareholders limits growth potential
Higher license fee than Shams or RAKEZ
No specialized industry support like DMCC or JAFZA
Limited visa allocation with virtual address
Dubai · Est. 2001
Dubai Gold & Diamond Park (DGDP)
DGDP is for jewelry traders, precious metals dealers, and gemstone businesses requiring secure vault storage and international trading. Choose DGDP if you deal in high-value items requiring certification, vaults, and strict compliance.
License
AED 15,200
Visa
AED 3,600
Setup
7 Working Days
Banking
Medium
The Pros of DGDP
Secure vault facilities for precious metals and diamonds
GIA certification and grading services on-site
Maximum 15 shareholders for family jewelry business structures
International gemstone trading network ecosystem
Advanced security infrastructure and insurance support
Specialized hallmarking and assay services
The Cons
Medium bank approval (68%) — precious metals trading heavily regulated
High costs: AED 15,200 license + AED 6,500 vault space + insurance
Highest visa costs tier (AED 3,600)
7-day approval timeline
Strict sanctions screening and KYC requirements for trading partners
Inventory valuation and insurance requirements add overhead
Full Cost Comparison
All figures in AED with 1 visa included. The lower value is highlighted in green.
Cost Item
Meydan
DGDP
Business License
AED 11,500
AED 15,200
Office / Desk
Included
AED 6,500
Visa (1 person)
AED 3,150
AED 3,600
Medical Exam
AED 320
AED 340
Emirates ID
AED 370
AED 370
Establishment Card
AED 250
AED 300
Total Year 1
AED 15,590
AED 26,310
Annual Renewal (Yr 2+)
AED 10,200
AED 13,680
Banking & Compliance
Getting a bank account open is often harder than getting the license itself. Here’s what to expect at each zone.
Meydan
Meydan enjoys high bank approval (95%+ with major banks) due to its established reputation. Processing takes 2–3 weeks for standard applications. Emirates NBD, Mashreq, and ADCB have fast-track processes for Meydan clients. A simple business plan showing service offerings is usually sufficient.
License approval happens in 3 working days from complete submission. Activities must be specified clearly, but Meydan accepts broad categories like "general trading" and "business consultancy." Name reservation is same-day. Maximum shareholder limit (6) is fixed and cannot be waived.
DGDP
DGDP has medium approval (68%) — banks require detailed inventory procedures and insurance. Processing takes 3–4 weeks. Bring gemological certifications, supplier credentials, and insurance documentation. Islamic banks and wealth management lenders are more receptive.
License approval takes 7 working days. All diamond and precious metal trading must comply with Kimberley Process and sanctions screening — automatic. Inventory documentation and insurance proof required at setup and annually. Vault rental agreements must be with DGDP-approved facilities.
Which One Should You Pick?
Choose Meydan If…
- Your business matches: E-commerce, General Trading, Management Consulting, Marketing
- You want the smoothest possible banking experience
- Budget is your primary concern (AED 10,720 cheaper)
- You need to get operational as quickly as possible (3 Working Days)
- You work remotely and don’t need a physical office
Choose DGDP If…
- Your business matches: Gem Certification, Jewelry Trading, Luxury Goods, Precious Metals
Our Analysis
If speed is your priority, Meydan Free Zone gets you operational in 3 days versus Dubai Gold & Diamond Park (DGDP)'s 7-day timeline. But that faster setup comes with cost implications—Meydan Free Zone saves you AED 10,720 (41% less) in your first year. From a banking perspective, Meydan Free Zone has high approval prospects, making it smoother for companies needing quick account setup. Meydan Free Zone shines for meydan suits solo entrepreneurs and small partnerships (max 6 shareholders) who want a dubai presence without long setup timelines. ideal for consultants, traders, and service providers serving the broader middle east market., while Dubai Gold & Diamond Park (DGDP) targets dgdp is for jewelry traders, precious metals dealers, and gemstone businesses requiring secure vault storage and international trading. choose dgdp if you deal in high-value items requiring certification, vaults, and strict compliance.. Choose Meydan Free Zone if budget drives your decision and your business model fits meydan suits solo entrepreneurs and small partnerships (max 6 shareholders) who want a dubai presence without long setup timelines. ideal for consultants, traders, and service providers serving the broader middle east market.. Neither zone dominates across all dimensions—your choice depends on whether you prioritize cost efficiency or banking relationships.
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