Dubai Biotechnology & Research Park (DuBiotech)
Dubai Science Park, Dubai
Description
Established in 2005, DuBiotech, now known as Dubai Science Park, is the region's first free zone community dedicated to the biotechnology, pharmaceutical, and life sciences sectors. It provides a supportive ecosystem for businesses involved in research, development, manufacturing, and distribution within these industries.
| Emirate | Dubai |
| Website | https://dsp.ae/ |
| Contact Email | info@dsp.ae |
| Contact Info |
Phone: +971 4 390 2222
Address: Dubai Science Park, Al Barsha South, Dubai, UAE
|
| Year Established | 2005 |
| License Types | Industrial License, Commercial License, Service License |
| License Cost | License fees vary based on the type of license and business activity. |
| Formation Cost | Formation costs depend on the chosen license type, facility, and business activity. |
| Minimum Capital Requirement | No minimum share capital requirement is specified; however, it may vary depending on the business activity and legal structure. |
| Allowed Business Activities | Research and Development, Manufacturing, Distribution, Sales, Marketing, Consultancy, Service Activities, Warehousing, Import and Re-export |
| Company Legal Structures | Free Zone Limited Liability Company (FZ-LLC), Branch of a Foreign Company, Branch of a Local Company |
| Allowed Activities | Biotechnology Research, Pharmaceutical Manufacturing, Medical Device Production, Environmental Services, Energy Research, Laboratory Testing, Diagnostics, Product Development |
| Restricted Activities | Activities requiring special approvals from UAE authorities |
| Investor Visa Cost | Visa costs vary based on the investor's profile and specific requirements. |
| Employee Visa Cost | Visa costs vary based on the employee's role and specific requirements. |
| Processing Time (Days) | The company formation process typically takes between 2 to 4 weeks to finalize, depending on documentation and approvals. |
| Physical Office Required | Yes |
| Office Space Options | Commercial Spaces, Laboratories, Light Industrial Units, Co-working Spaces, Warehouses |
| Office Space Cost | Office space costs vary based on size, location, and facility specifications. |
| Virtual Office Available | No |
| Bank Account Assistance | Yes |
| Bank Account Cost | Assistance is provided; costs may vary depending on the chosen bank. |
| Partner Banks | Emirates NBD, Mashreq Bank, RAKBANK |
| Governing Laws | Operates under UAE federal laws and Dubai regulations. |
| VAT Registration Required | Yes |
| Corporate Tax Applicable | No |
| Annual Audit Required | Yes |
| Renewal Fees | Annual renewal fees vary based on the type of license and business activity. |
| Business Restrictions | Specific activities may require additional approvals. |
| Ownership Structure | 100% foreign ownership |
| Import/Export Restrictions | No Standard customs regulations apply; specific activities may require additional approvals. |
| Benefits | 100% foreign ownership, Full repatriation of profits and capital, Exemption from personal and corporate taxes, No customs duties on goods and services, Access to state-of-the-art laboratory and office facilities, Strategic location with access to Middle East and global markets, Supportive ecosystem with networking and collaboration opportunities |
| Drawbacks | Potentially higher setup and operational costs compared to other free zones |
| Specific Compliance Requirements | Compliance with international standards set by regulatory organizations such as the FDA, WHO, and ICH, Adherence to health and safety, GMP, GLP, quality control and assurance, waste management, environmental issues, and bioethics regulations |
