{"id":9787,"date":"2025-04-05T08:36:41","date_gmt":"2025-04-05T04:36:41","guid":{"rendered":"https:\/\/arnifi.com\/blog\/?p=9787"},"modified":"2025-04-05T08:53:12","modified_gmt":"2025-04-05T04:53:12","slug":"minor-shareholding-in-meydan-city-rules-requirements","status":"publish","type":"post","link":"https:\/\/arnifi.com\/blog\/minor-shareholding-in-meydan-city-rules-requirements\/","title":{"rendered":"Minor shareholding in Meydan City | Rules &amp; Re..."},"content":{"rendered":"\n<p>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.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-overview\">Overview<\/h2>\n\n\n\n<p>Central to Meydan is the iconic Meydan Racecourse, home to the prestigious Dubai World Cup. The community is organized into districts: Meydan Racecourse &amp; 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.<\/p>\n\n\n\n<h1 class=\"wp-block-heading\" id=\"h-faqs\">FAQs<\/h1>\n\n\n\n<p><strong>1. Can minors hold shares? If yes, then what are the requirements?<\/strong><\/p>\n\n\n\n<p>Yes, minors can now hold shares in Dubai Meydan Free Zone. Here are the list of required documents:<\/p>\n\n\n\n<ul>\n<li>Guardian Letter \u2013 A formal letter from the legal guardian confirming they are the guardian and consenting to the business setup.<\/li>\n\n\n\n<li>Passport Copies of Legal Guardians \u2013 Valid copies of the guardian(s)\u2019 passport(s).<\/li>\n\n\n\n<li>Birth Certificate of the Shareholder \u2013 To prove the relationship between the shareholder and the guardian.<\/li>\n<\/ul>\n\n\n\n<p><strong>2. Is attestation of these documents required?<\/strong><\/p>\n\n\n\n<p>No, attestation is not required for the Guardian Letter, Passport Copies, or Birth Certificate when submitting to Meydan Free Zone.<\/p>\n\n\n\n<p><strong>3. Who should sign the Guardian Letter?<\/strong><\/p>\n\n\n\n<p>The legal guardian(s) of the minor shareholder must sign the letter. This is typically a parent or court-appointed guardian.<\/p>\n\n\n\n<p><strong>4. Is there a template or format for the Guardian Letter?<\/strong><\/p>\n\n\n\n<p>There is no separate template for Meydan, but the letter should be clear with the mentioned info:<\/p>\n\n\n\n<ul>\n<li>The name and passport number of the guardian.<\/li>\n\n\n\n<li>The name and date of birth of the minor shareholder.<\/li>\n\n\n\n<li>A declaration of legal guardianship.<\/li>\n\n\n\n<li>Consent to the minor\u2019s involvement in the company.<\/li>\n\n\n\n<li>Signature of the guardian.<\/li>\n<\/ul>\n\n\n\n<p><strong>5. Can both parents act as guardians?<\/strong><\/p>\n\n\n\n<p>Yes, both parents can act as guardians. In that case, both passport copies and a jointly signed Guardian Letter should be submitted.<\/p>\n\n\n\n<p><strong>6. Is there an age limit for shareholders in Meydan?<\/strong><\/p>\n\n\n\n<p>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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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.&nbsp; Overview Central to Meydan is the iconic Meydan Racecourse, home to the prestigious Dubai World Cup. The community is organized into districts: Meydan Racecourse &amp; Grandstand, Meydan [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":9793,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4465,73],"tags":[],"acf":[],"contentshake_article_id":"","yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.2 (Yoast SEO v22.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Business Setup In Dubai Meydan City | FAQs<\/title>\n<meta name=\"description\" content=\"Are you confused about minor shareholding in Meydan City? Here are answers to all your queries! 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