National Industries Park (NIP)
DP World UAE, Dubai
Description
National Industries Park (NIP)
| 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 |
