Company Formation in DSP – Dubai Science Park

Company Formation in DSP – Dubai Science Park
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DSP is the region’s first FreeZone community that serves the entire value chain of the science sector dedicated to supporting scientific entrepreneurs, SMEs and multinational enterprises. Designed specifically for the needs of businesses and professionals who work in life sciences, DSP fosters an environment that supports scientific research, creativity, innovation and passion. By providing ample office and laboratory space, a robust infrastructure and a vibrant community for residents, DSP ensures a supportive eco-system for businesses to flourish and bring about sustainable change and improvement to the world around us.

DSP aims to play a significant role in Dubai’s Vision 2021 by facilitating a more sustainable and self-sufficient future that maximizes the use of indigenous resources and talent. DSP will achieve this by supporting innovation in the sciences by helping companies utilize cutting-edge technology and information to foster growth and change in the areas of human science, plant science, material science, environmental science and energy science.

Major Benefits of Company Formation in DSP (Dubai Science Park):

  • 100% foreign ownership,
  • 100% repatriation of capital,
  • 100% exemption from personal income tax, corporate tax, service tax, import and export tax,
  • Easy visa & licensing procedures
  • Onsite customs
  • No currency restrictions
Characteristics of DSP Company 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 (DSP) Company can be Individuals or Corporate entity

Director:

Individuals only (Minimum one. Shareholder can also be Director)

Share capital:

AED 50,000/- to AED 300,000/- (Depending on activity) for FZ – LLC Dubai Science Park Company Setup and AED Nil/- in case of Branch office. (Required to be deposited in 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 bank pre or post incorporation.

Audit:

Audit report is not required to be filed with DSP.

Estimated time:

4 to 6 weeks to obtain license of the company and register a company in DSP (Dubai Science Park)

Another 7-10 working days for immigration card subject to security clearance & thereafter visa may take approximately 7-10 working days on normal basis.

DSP (Dubai Science Park) Company Setup Process:

  • Identify the legal form of company to be registered in DSP
  • Select activity from DSP activity list,
  • Apply for name and initial approval,
  • Payment of fees related to DSP business set up,
  • Sign DSP company registration and incorporation documents,
  • Apply for DSP residence visa.

Documents Required for DSP Company Registration:

The documents required for business set up in DSP (Dubai Science Park) depends on whether a shareholder is individual or corporate entity. Basic requirements are

  • Color passport copy,
  • Color UAE residence visa & emirates id copy,
  • CV/Resume,
  • Utility bill copy,
  • Business Plan.
  • NOC from current sponsor

To know more about the complete requirements for company formation in Dubai Science Park (DSP) call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com

Company Formation Cost in DSP:

DSP Company Setup begins from AED 50,290/-

Call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com to know 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. Shareholder or directors wishing to have UAE residency visa on said company will need to revisit after issuance of license, immigration card and entry permit for stamping of visa on the passport and may need to stay in UAE for 5 to 7 working days as that process may take time.
  3. Company Immigration/Establishment card to be renewed every year
  4. Investors to have family status UAE visa should have share capital of AED 75,000/- and in order to be eligible for Owner/Investor/Partner visa should have share capital of AED 60,000/-

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.

If you are looking for DSP company setup, please get in touch with us for professional assistance.

Call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com to know about special promotions/offers related to business setup in DSP (Dubai Science Park).

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.

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)

GET IN TOUCHGBS Social links
Taking seamless key performance indicators offline to maximise the long tail.
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)

QUICK LINKSOur Services
GET IN TOUCHGBS Social links
Taking seamless key performance indicators offline to maximise the long tail.
AVANTAGEHeadquarters
Organically grow the holistic world view of disruptive innovation via empowerment.
OUR LOCATIONSWhere to find us?
GET IN TOUCHAvantage Social links
Taking seamless key performance indicators offline to maximise the long tail.
AVANTAGEHeadquarters
Organically grow the holistic world view of disruptive innovation via empowerment.
OUR LOCATIONSWhere to find us?
GET IN TOUCHAvantage Social links
Taking seamless key performance indicators offline to maximise the long tail.

Copyright © 2020 Global Business Services.

Copyright © 2020 Global Business Services.

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