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Meydan Free Zone and Bank of Baroda Join Forces: Boosting Business Opportunities for SMEs

by Maheeka C Oct 22, 2024 3 MIN READ

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Meydan Free Zone

Meydan Free Zone has teamed up with Bank of Baroda to help small and medium-sized businesses (SMEs) in the UAE get better access to financial services. This will support their growth in Dubai and the larger Middle Eastern market. The partnership wants to make it easier to simplify business setup in the UAE, by providing financial solutions that are designed for SMEs, helping them succeed in a changing business environment.

Meydan Free Zone: the destination for growth for SMEs
Meydan Free Zone is a good place in Dubai as it enjoys supportive rules towards businesses, like 100 % foreign ownership and no corporate taxes. The company registration process is easy, and thus this is the best place for those businesses that want to be part of the Digital Free Zones where technology and new ideas are what help them grow rapidly. Being in a location as such allows businesses to reach both local and global markets-which again helps them grow further.

Bank of Baroda’s Financial Support for SMEs
The Bank of Baroda has a long-term commitment to the support of SMEs across the UAE. Through its partnership with Meydan Free Zone, businesses can now look forward to accessing relevant financial products such as business accounts, working capital loans, and trade finance services-all tailored at fostering growth in Dubai. The above financial instruments enable companies to maintain their cash flow, make further investments into expansion, and stay competitive in the regional Middle Eastern market.

The initiative guides the SMEs through financial issues involving the setup and running of a business in a Digital Free Zone, thus allowing companies to tap into the developing digital economy in the region.

Unlocking Business Opportunities in the Middle East
The joint efforts of Meydan Free Zone and Bank of Baroda are set to unlock significant opportunities for SMEs, particularly those looking to expand into new markets in the Middle East. By combining Meydan’s business-friendly infrastructure with Bank of Baroda’s financial expertise, SMEs can achieve rapid growth in Dubai and beyond.

This collaboration also aligns with the UAE’s broader efforts to support economic diversification, fostering innovation and entrepreneurship in key sectors like technology, healthcare, and tourism. Businesses operating in Digital Free Zones are particularly well-positioned to take advantage of these growing opportunities.

How Arnifi Can Help
Arnifi is your go-to partner for simplifying business setup in the UAE. As a trusted business advisory firm, Arnifi offers end-to-end support for SMEs—from securing licenses in Meydan Free Zone and other Digital Free Zones to offering tailored business solutions and financial planning. With expertise in navigating free zone regulations and banking partnerships, Arnifi ensures your business achieves sustainable growth in Dubai and across the region.

To learn how Arnifi can support your business journey, visit Arnifi and explore our services designed to help SMEs succeed in the competitive Middle Eastern market.

Also Read: Exploring the Benefits of Setting Up a Business in Meydan Freezone UAE

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