Dubai Science Park Business Formation - DSP
Dubai science park (DSP) is the region’s first Free Zone community that serves the entire value chain of the science sector. Established in 2005, DSP is designed to foster scientific research, innovation and development across various sectors. It is an ideal destination for companies, SMEs and entrepreneurs in the fields of science, healthcare and technology. Dubai science park company formation provides ample office and laboratory space for businesses. Also it offers a robust infrastructure and a vibrant community for residents.
With its focus on innovation, DSP provides the necessary resources and infrastructure to support breakthrough discoveries and advancements in these fields. Moreover, Dubai Science Park is situated near Dubai’s major transportation hubs including Dubai International Airport and Jebel Ali Port. Also this free zone ensures a collaborative environment where businesses can easily engage with renowned educational institutions, healthcare providers and research organizations.
Major Benefits of Dubai Science Park Company Formation:
- 100% foreign ownership
- Complete repatriation of capital
- Exemption from personal income tax, service tax, import and export tax
- Possible exemption from corporate tax subject to fulfilment of criteria
- Easy visa & licensing procedures
- Onsite customs
- No currency restrictions
Characteristics Of Dubai Science Park Business Setup
Location:
Dubai Science Park, Dubai, (U.A.E.)
Proposed activity:
Therapeutics/Food/Environment/Agricultural, Forestry & Horticulture/Speciality Supplies/ Medical/Scientific Devices Or Equipment/Diagnostics And Analysis/Life Science Services/Life Science Associations (Non-Profit)/Regional Headquarter/Renewable Energy/Energy/Energy Efficiency Equipment/Air & Environment/Water & Waste Water/Recycling & Solid Waste Transportation/Green Building/Organic Products/Association (Non-Profit Organizations)/General Segments related activities can be carried out in DSP.
License available:
Commercial/Industrial/Services license & NPO are available options for DSP – Dubai Science Park.
Type of entities:
Free Zone-Limited Liability Company (FZ-LLC) & Branch office
Shareholder:
Shareholder for Dubai Science Park company setup can be Individuals or Corporate entity
Director:
Individual only (Minimum one. Shareholder can also be director)
Share capital:
AED 50,000/- to AED 300,000/- (Depending on activity) for FZ LLC Duba iScience Park Company Setup and AED Nil/- in case of Branch office. (Required to be deposited in the bank before or after company incorporation)
Do note that shares are deemed to be issued on company incorporation irrespective of whether share capital is deposited in the bank pre or post-incorporation.
Audit:
An audit report is required to be filed with DSP.
Estimated time:
3 to 4 weeks to obtain a license for the company and register a company in DSP (Dubai Science Park)
It another 7-10 working days for an immigration card subject to security clearance & thereafter visa may take approximately 7-10 working days on a normal basis.
DSP (Dubai Science Park) Company Setup Process
- Identify the legal form of the company to be registered in DSP
- Select an activity from DSP activity list for company formation in UAE.
- Apply for name and initial approval
- Payment of fees related to DSP business setup
- Sign DSP company registration and incorporation documents
- Apply for DSP residence visa
Documents Required for Dubai Science Park Company Setup or Registration:
The documents required for business set up in DSP (Dubai Science Park) depend on whether a shareholder is an individual or corporate entity. The basic requirements are:
- Color passport copy of shareholder/director/manager
- Color UAE residence visa & emirates id copy of shareholder/director/manager
- CV/Resume of shareholder/director/manager
- Utility bill copy of shareholder/director/manager
- Business Plan
- NOC from the current sponsor for shareholder/director/manager
Dubai Science Park Company Formation Cost:
DSP Company Setup begins from AED 50,000/-
Call us now at 050-8992852 or drop an email to sagar.mehta@gbsei.com to learn about special promotions/offers related to business setup in DSP.
Other Notes for DSP – Dubai Science Park Company Formation:
1. Document to be legalized with UAE Embassy in case of corporate Shareholder
2. Company Immigration/Establishment card to be renewed every year
3. Investors to have a family status UAE visa should have a share capital of AED 75,000/- and in order to be eligible for Owner/Investor/Partner visa, should have a share capital of AED 60,000/-
Contact GBS for Business Setup in Dubai
Global Business Services DMCC has helped many individuals and corporate entities to set up their businesses in DSP. Our company acts as a one-stop solution for DSP company incorporation services. By leveraging GBS businesses can access valuable insights, streamlined processes and strategic guidance enabling you to make informed decisions and expedite their entry into the Dubai market.
We are trusted business setup consultants helping entrepreneurs overcome challenges and maximize their chances of success in the vibrant business landscape of UAE. If you are looking for a DSP company setup please get in touch with us for professional assistance.
Call us now on 050-8992852 or drop an email tosagar.mehta@gbsei.com to learn about special promotions/offers related to Dubai Science Park Business Setup.
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.
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OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:
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Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)
GBSOur Office
Organically grow the holistic world view of disruptive innovation via empowerment.
+971 4 4471803
OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:
Office No.12A-06,
13th floor HDS Tower,
Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)
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