Dubai Science Park Free Zone
The Dubai Science Park (DSP) freezone is designed specifically to foster innovation and growth in the fields of science, technology, and research. The freezone provides entrepreneurs and businesses a range of business setup options and world-class facilities like laboratory spaces, production facilities, and fully equipped offices. It caters to companies of all sizes within a supportive and innovative ecosystem.
Formerly known as DUBIOTECH, the freezone was renamed Dubai Science Park to rebrand it as a comprehensive innovation hub for businesses operating in sectors like life sciences, pharmaceuticals and industrial sectors. Read on to learn how the freezone helps you scale your business while also benefiting from Dubai’s global business connectivity.
Business Activities Permitted in Dubai Science Park
The freezone supports a number of business activities so investors and entrepreneurs are spoilt for choices. Some of the permitted include:
- Support Services
- Warehousing and logistics
- Research and Development (R&D)
- Marketing
- Storage, Import/Export, and Manufacturing
- Management and Consultancy Services
Business Structures Available in Dubai Science Park Free Zone
For business setup in DSP freezone, you can choose among:
- Free Zone Limited Liability Company (FZ-LLC)
- Branch of a UAE or Foreign Company
Reasons for Business Setup in Dubai Science Park Free Zone
There are multiple reasons for setting up a business in the DSP freezone. Let us take a look at few of them:
Ownership
You can entirely own the business by setting it up in the freezone. You need not have a local sponsor, hence can enjoy 100 percent foreign ownership.
Repatriation of Profits
As there are no restrictions on repatriation of capital or profits, as an entrepreneur you can manage and transfer funds as per your business needs.
Tax Advantages
For business setup in DSP, you can enjoy 100 percent income tax and customs duty exemptions. It allows businesses to maximize profits.
Flexibility
Entrepreneurs seek flexibility with regard to company formation. With Dubai Science Park offering a variety of license options like industrial, commercial and professional license, it provides them the sought-after resilience.
Strategic Location
Proximity to the MENA region ensures that entrepreneurs prefer DSP freezone as a global business hub. It offers businesses access to a wide and diverse customer base. With well-connected transportation routes, they can easily facilitate the movement of goods and people.
Good Infrastructure
The freezone offers access to top-notch infrastructure which are tailored as per business needs. Be it flexible offices or laboratory spaces for Research and Development (R&D), it has it all for investors and entrepreneurs.
Process of Setting up a Company in DSP Freezone
You must determine the business activity among the permissible ones.
The appropriate business structure needs to be chosen as per the business requirements.
By confirming with guidelines laid out by the authorities, you need to select and finalise the trade name.
Apply for registration by submitting the application and the necessary documents to the authorities.
Avail the license by paying the requisite fees to the authorities.
To ensure seamless financial transactions, you must open a corporate bank account and deposit the required share capital.
To establish a business in Dubai Science Park, you must follow certain steps. Let us take a look at them:
Documents Required for Business Setup in Dubai Science Park
- Coloured passport-sized photograph of shareholder(s)/director(s)/manager
- Copy of Curriculum Vitae (CV) of shareholder(s)/director(s)/manager
- Copy of UAE residence visa and Emirates ID for the shareholder(s)/director(s)/manager
- Copy of utility bills
- Copy of business plan (For Branch)
- Copy of No Objection Certificate (NOC) from the current sponsor for the shareholder(s)/director(s)/manager. (For Branch)
- Certificate of Registration (For Branch)
- Original Banker’s Reference (For Branch)
- Copies of Memorandum of Association (MoA) and Articles of Association (AoA) (For Branch)
What our clients say
Gryffin Capitalist delivers exceptional service for hassle-free UAE freezone company formation. They offer step-by-step guidance, ensuring your business is operational quickly.
Setting up a freezone company in Dubai with Gryffin Capitalist is straightforward and efficient. The team provides expert guidance, ensuring compliance with all legal requirements.
Gryffin Capitalist simplifies Sharjah freezone company formation with its expert advisors and tailored services. They handled everything from documentation to licensing efficiently.
Why Choose Gryffin Capitalist?
Choosing Gryffin Capitalist for company formation in the Dubai Science Park Free Zone can ensure that you enjoy a seamless, efficient, and tailored business setup experience. Our business setup experts have in-depth knowledge of the regulations and thoroughly understand the involved processes related to licensing, visas, and business requirements.
The comprehensive business setup services offered by us ensure that you as a client get all your business needs fulfilled. In addition to all our services, we offer continuous support to ensure that the business remains compliant with any future regulatory changes.
With 7+ years of experience in assisting clients set up businesses in UAE Freezones, we know what it takes to ensure hassle-free business setup. Contact us today to learn about our services in detail and get started!
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Best Freezones to choose to start your Company
Our business consultants have chosen freezones which are ideal for start-ups, business owners, and SME companies. These freezone provide a quick company registration process and a complete ecosystem for businesses.
Frequently Asked Questions (FAQs)
Yes, company liquidation is allowed in the Free Zone. It takes around one month and involves termination of the lease agreement, closure of the bank account, and cancellation of visas.
In Dubai Science Park Free Zone, you can obtain the relevant license within 5-6 days.
The minimum capital investment required is AED 300,000. The amount payable is for setting up a Free Zone Limited Liability Company (FZ-LLC).
Yes, you can open a branch company on the mainland of Dubai using the same trade name.
You can access facilities like plots of land, warehouses, business centres, and office space, among others.
