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UAE Free Zone (MEYDAN) · via Virtuzone (UAE BSC)·🇻🇳Founder profile

Incorporating a Meydan Free Zone LLC for Vietnamese Freelance Developers

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

Vietnamese freelance developers can establish a Meydan Free Zone LLC to access international markets while operating under the UAE's 9% corporate tax regime. This structure provides a legal entity for contracting with global clients.

The process requires adherence to both UAE licensing regulations and Vietnamese tax reporting obligations under Circular 111/2013. Proper documentation of foreign-source income is necessary for compliance in both jurisdictions.

§ 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 · Vietnamese Freelance Developers

What the tax authority sees

US federal / local status

UAE Federal Decree-Law 47/2022 Article 3 imposes a 9% Corporate Tax on net income exceeding AED 375,000, with 0% VAT applicable to international service exports.

Home-country rule

Circular 111/2013 on foreign-source income; USD conversion rules

Editorial verdict

Utilize Meydan Free Zone for a digital-first setup; ensure your Vietnamese tax residency status is documented to claim treaty benefits if applicable.

Key compliance risks
  • 01Circular 111/2013 compliance for Vietnamese tax residents
  • 02UAE Economic Substance Regulations reporting requirements
  • 03Potential double taxation if foreign-source income is not properly structured
§ 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)

Full comparison →
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

Meydan Free Zone offers flexible office solutions, including virtual office packages that satisfy the legal requirement for a registered address in the UAE.
More profiles for UAE Free Zone (MEYDAN)
Vietnamese Freelance Developers — other jurisdictions
Next step

Start filing with Virtuzone (UAE BSC)

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