Meydan City, located in Dubai, UAE, is a vast mixed-use development spanning over 40 million square feet. It seamlessly integrates luxury residences, commercial spaces, and world-class leisure facilities. 

Overview

Central to Meydan is the iconic Meydan Racecourse, home to the prestigious Dubai World Cup. The community is organized into districts: Meydan Racecourse & Grandstand, Meydan Metropolis, Meydan Godolphin, and Meydan Horizon. Recent developments include the launch of Naya at District One, a resort-inspired residential project offering direct access to a 35-hectare crystal lagoon. Additionally, the upcoming Meydan One Mall is set to become a premier shopping and entertainment destination. Strategically positioned, Meydan City offers residents proximity to Downtown Dubai and Dubai International Airport, making it a sought-after locale for both living and investment.

FAQs

1. Can minors hold shares? If yes, then what are the requirements?

Yes, minors can now hold shares in Dubai Meydan Free Zone. Here are the list of required documents:

• Guardian Letter – A formal letter from the legal guardian confirming they are the guardian and consenting to the business setup.
• Passport Copies of Legal Guardians – Valid copies of the guardian(s)’ passport(s).
• Birth Certificate of the Shareholder – To prove the relationship between the shareholder and the guardian.

2. Is attestation of these documents required?

No, attestation is not required for the Guardian Letter, Passport Copies, or Birth Certificate when submitting to Meydan Free Zone.

3. Who should sign the Guardian Letter?

The legal guardian(s) of the minor shareholder must sign the letter. This is typically a parent or court-appointed guardian.

4. Is there a template or format for the Guardian Letter?

There is no separate template for Meydan, but the letter should be clear with the mentioned info:

• The name and passport number of the guardian.
• The name and date of birth of the minor shareholder.
• A declaration of legal guardianship.
• Consent to the minor’s involvement in the company.
• Signature of the guardian.

5. Can both parents act as guardians?

Yes, both parents can act as guardians. In that case, both passport copies and a jointly signed Guardian Letter should be submitted.

6. Is there an age limit for shareholders in Meydan?

There is no maximum fe limit, while the shareholders can be even 60+. Now, Meydan permits minor shareholders, but additional documentation is required, as mentioned. As long as the guardian-related documents are provided.