Dubai Science Park
- Company Formation in DSP (Dubai Science Park)
Company Formation in Dubai Science Park
Dubai Science Park is an innovative center and region’s first Free Zone that is catering to the science sector. It is a perfect place for scientific entrepreneurs, researchers. innovators, multi-national pharma companies, research houses, etc.
The Free Zone consists of advanced infrastructure requirements ideal for the life science, research, and innovation sector. There is a growing ecosystem for businesses to be a part of and achieve long-term business sustainability through innovations and green energy initiatives.
Dubai Science Park supports research on clean energy, reducing carbon footprints, medical research, space science, communication, smart technology, and more. There are customized office spaces, warehouse and light manufacturing units, laboratory facilities, testing centers, and more.
Key Business Activities in Dubai Science Park
- Research & Development
- Marketing & Sales Promotion
- Manufacturing & production
- Import & Re-export
- Support Services
- Software Testing
- and more
The Dubai Science Park is now home to over 400 companies and around 4000 business professionals. Many Multinational businesses are opening their branches and offices in the Free Zone.
How Dubai Science Park help Entrepreneurs?
The world-class innovation center helps in developing new products, testing and launching specialized medicines, and more.
In the Dubai Science Park, specific pharma companies test medicines for neurological disease treatments, cancer, diabetes, etc. Similarly, there is a manufacturing company that will make clothes from plastic waste.
New and innovative ways of working, organizational strategy development, ways to enhance productivity, etc., are being researched by companies in the Free Zone to launch interesting software applications that will boost the employee productivity levels of an organization.
Food engineering and research is another key area the Free Zone companies are focused on. There is an innovation center for the tasting of food & beverages.
It ensures food protection, juice-based compounds, savory solutions, and more. It is like a sensory lab that will enhance the taste of the food that will be made on large scale with various objectives such as catering to other backward countries.
Various players are specialized in biotechnology, healthcare, life science, pharmaceuticals, and light manufacturing, etc., are researching and launching products for the UAE market.
Facilities in Offer
- Coworking Spaces and Retail Outlets
- Light Industrial Units
- Commercial Spaces and Warehouses
- In 5 Center – Entrepreneur Hub
- Freelance Packages
In5 - A Platform for Entrepreneurs and Startups
The In5 is a holistic infrastructure solution that offers on-demand creative spaces, specialized industry centers, meeting rooms, mentorship programs, and co-working spaces to entrepreneurs.
The In5 is a business incubator that provides an innovative solution with subsidized pricing for entrepreneurs and startups. The startups can lease out independent offices at TECOM Buildings for a subsidized rate subject to certain terms and conditions.
In5 Subsidized Pricing
|Visa/Person (Out of Country)**||1,500|
- Business Setup (TradelICense, Visas, and Office Space)
- Access to Mentorship programs
- Participation in Community Event and Workshops
- Access to Business Networking Options
- Business Investor Community
*A full license fee of AED.15,000 is applicable after three years
**Visa Validity is three years. The subsidized pricing is applicable for up to four visas.
Type of Business Entities in DSP Free Zone
FZ-LLC or Limited Liability Company
A company is formed with one or more shareholders. depending on the business activity the share capital requirement varies.
Foreign and UAE Company Branch
A foreign company or UAE Free Zone company can form a branch in the Free Zone by complying with the requirements.
Procedure to Setup a Company in Dubai Science Park
To set up a Company in Dubai Science Park, entrepreneurs must follow certain steps and submit the required documents.
- Submit the filled-in application form for company formation along with a business plan for large industrial and laboratory projects
- Photocopy of Valid passport of shareholders/directors
- Original reference letter issued by the bank
- No objection certificate from the local sponsor (if a visa is already there)
- Specimen of signature of the company shareholder/director
- Copy of trade license certificate (for existing companies based in UAE)
Dubai Science Park provides the required infrastructure such as state-of-the-art labs, light industrial unit setup, business regulations, visa and immigration support., etc. for the investors to easily scale up the business venture.
It is a holistic ecosystem that supports start-ups, enterprises, and multi-national companies operating across various verticals such as science, energy, pharma, healthcare, food, etc.
To know more about Dubai Science Park, Connect with our expert team right away!