National Industries Park (NIP)
DP World UAE, Dubai
Description
Established in 2002 as Dubai Techno Park (DTP), the National Industries Park (NIP) is an industrial zone in Dubai, UAE, spanning approximately 21 square kilometers. It serves as a hub for various industries, including technology, oil, gas, and petrochemicals, aiming to advance technological development within the commercial sector.
| Emirate | Dubai |
| Website | https://nip.ae/ |
| Contact Email | info@nip.ae |
| Contact Info |
Phone: +971 4 881 2225
Address: National Industries Park, Jebel Ali, Dubai, UAE
|
| Year Established | 2002 |
| License Types | Industrial License, Trading 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 specific minimum share capital requirement is specified; it may vary depending on the business activity and legal structure. |
| Allowed Business Activities | Manufacturing, Warehousing, Logistics, Trading, Research and Development |
| Company Legal Structures | Limited Liability Company (LLC), Branch of a Foreign Company, Branch of a UAE Company |
| Allowed Activities | Manufacturing, Warehousing, Logistics, Trading, Research and 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 | Industrial Units, Warehouses, Office Spaces |
| 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 | 51% local ownership required for LLCs; branch offices can be 100% foreign-owned. |
| Import/Export Restrictions | No Standard customs regulations apply; specific activities may require additional approvals. |
| Benefits | Strategic location near Jebel Ali Port and Al Maktoum International Airport, Comprehensive infrastructure tailored for industrial activities, Access to a diverse business community, Networking opportunities with global industrial organizations |
| Drawbacks | Primarily focused on industrial and manufacturing industries, Local ownership requirement for LLCs |
| Specific Compliance Requirements | Compliance with UAE federal laws and Dubai regulations, Adherence to industry-specific standards and practices |
