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UAE Free Zone (MEYDAN) · via Virtuzone (UAE BSC)·🇪🇸Founder profile

Incorporating a Meydan Free Zone LLC for Spanish Consultants

VerifiedJul 2026
EligibilityConditional
Setup timeline21–45days
Year-1 total$12,900

Spanish consultants can establish a Meydan Free Zone LLC to manage international revenue under the UAE corporate tax framework. This structure allows for 100% foreign ownership and access to the UAE's double taxation treaty network.

Founders must evaluate the interaction between UAE tax residency and Spanish tax obligations, particularly regarding controlled foreign corporation (CFC) regulations and the Beckham Law regime.

§ 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
$18,400
$766.67/month amortized·USD @ live FX
Time horizon
Line items
Amount
  • SetupVirtuzone (UAE BSC) setup
    $12,900
  • AnnualYear 2 renewal
    $5,500
Total$18,400
§ 02Tax residency · Spanish Nomad Consultants

What the tax authority sees

US federal / local status

UAE Federal Decree-Law 47/2022 Article 3 imposes a 9% Corporate Tax on taxable income exceeding AED 375,000, with 0% VAT applicable to services exported outside the UAE.

Home-country rule

Beckham Law regime; autónomo alternative comparison

Editorial verdict

Compare the 9% UAE CT against the Spanish Beckham Law (24% flat rate on income up to €600k) to determine if the UAE entity provides a genuine net tax advantage for your consulting revenue.

Key compliance risks
  • 01Spanish CFC rules may attribute UAE income to your personal tax base
  • 02Requirement to maintain economic substance in the UAE
  • 03Potential permanent establishment risk in Spain if managed remotely
§ 03Setup timeline

From filing to funded bank account

Setup timeline
21–45days total, 3 phases
Milestone check
Filing · Tax ID · Banking
d0
d11
d23
d34
d45
01FilingVirtuzone (UAE BSC) submits formation docs
d0–d16
02Tax ID / EINLocal tax authority registration
d14–d34
03BankingBusiness account approved & funded
d27–d45
§ 04Head-to-head

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

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

No. If you remain a tax resident in Spain, you are subject to worldwide income taxation. The UAE company income may be attributed to you under Spanish CFC rules, potentially negating tax benefits.
Next step

Start filing with Virtuzone (UAE BSC)

Formation typically completes in 2–3 weeks. Use the promo below, then click through to begin the checklist directly on the platform.