Dubai Biotechnology and Research Park (Dubiotech), a member of TECOM investments was officially launched in February 2005 by UAE Vice President, Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed Bin Rashid Al Maktoum, as part of Dubai's 2010 vision to establish a knowledge-based economy. The Park is the world's first free-zone dedicated to life sciences.
Dubiotech offers an industrial cluster environment with all elements of the Life Science Industry under one roof, making it the ideal destination for Life Sciences companies.
The BIO-HQ, Du Biotech's 22 storey twin tower headquarters stands forth as an icon for the Biotechnology and Research Park. It is designed to be efficient, cost-effective and to create best-in-class facilities to host life science companies interested to grow their business in the Middle East region. The 60,000 square feet headquarters recently won the Design and Sustainability Honor Award from the American Institute of Architects (AIA) for the technology complex headquarters and it's poised to be one of the world's largest green buildings. Designed for multi-tenancy with flexible subdivision, the facility is located in the middle east of the Du Biotech complex in a very convenient part of Dubai that is easily accessible from the new airport and from the major attractions and residential areas
|Location:||Du Biotech, Dubai, (U.A.E.)|
|Permitted activity:||Therapeutics/ Food/ Agricultural/ Forestry/ Horticulture/Environment (manufacturing and production)/ Medical/ Scientific Devices & Equipment/ Specialty Supplies/ Diagnostics & Analysis/ Life Sciences Services and Associations (Non Profit)|
|License available:||Commercial license|
|Types of entities:||Free Zone Limited Liability Company (FZ-LLC), Branch office|
|Shareholder:||Can be individual or corporate entity|
|Share capital:||Minimum of AED 50,000/-, whereas AED Nil/- in case of branch office,whereas minimum of AED 300,000/- is required in case of manufacturing license|
|Audit:||Audit report not required to be submitted to free zone authorities|
|Estimated time:||Minimum of 5 - 6 working weeks to obtain final trade license|
|Renewal:||License of the company has to be renewed on annual basis. Penalty would be charged by the authority if license is renewed after expiry date.|
Starting from AED 43,520/- onwards (inclusive of license, registration and business center-small serviced open office rentals) and renewal charges amounts to AED 40,010/- from next year onwards. However please note that the above mentioned charges can vary depending upon the number of license applied under one company and also depends upon the leasing/office facility acquired.
GBS provides you consultancy and helps you with company incorporation services at DuBiotech.
Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal, tax or other professional advice. We do not accept any responsibility, legal or otherwise, for any errors or omissions.