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Business Setup In Dubai Biotechnology & Research Park

Business Formation in Dubai Biotechnology & Research Park

In 2005, the Dubai Biotechnology and Research Park (DuBiotech) was officially launched by the UAE Vice President, Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President. It is the first free zone in the world to be dedicated to life sciences industry. This was under Dubai vision in 2010 for the country to have a knowledge-based economy. It is seen to be a way to strengthen innovation and cooperation because of its commitment to international and national levels of life science research, education, and industry. For this reason, investors who are dedicated to have a business that falls in those categories have helped in the rising into prominence of business setup in Dubai Biotechnology and Research Park.

This Dubai free zone authority has a world-class infrastructure and facilities that meet the needs and requirements of the organizations. With services for incubators, R&D labs, biotech-related educational and research institutions, etc., it is easy in the eyes of those investors who are planning to conduct a business setup in Dubai free zones.

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  • Following industries you can setup in Dubai Biotechnology & Research Park

    We covers all the following industries, even if your industry not in list you can consult with us we can help you setup.

  • Benefits of Business Setup in Dubai Biotechnology and Research Park

    Investors commonly conduct business setup in Dubai free zones as it is one of the businessmen’s most common ways of investing. Business owners who are looking to establish an organization that is focused on life sciences and the likes that DuBiotech offers, this zone meets the requirements that are needed by future investors.

    Dubai free zone benefits are being offered by DuBiotech to business people who are interested in the kind of business activities that are allowed in this location. The benefits are listed below:

    • 100% repatriation of profits
    • Single window for government services
    • Long-term lease
    • Partners can avail of easy company incorporation
    • Special customs exemptions
    • Fast-track visa services
  • Business Setup Requirements & Procedure

    Requirements for Business Setup in Dubai Biotechnology & Research Park

    • Proof of trade-name reservation (our firm’s task)
    • Proof of initial approval for the activities (our firm’s task)
    • Passport copies of the shareholders
    • Passport copy and CV (resume) of the manager
    • Personal information sheet of each shareholder and manager (template will be forwarded by our firm)
    • Lease agreement (documents)—having a physical address for your business/office is mandatory in the UAE. The rent in average within the free zone area is USD 25 up to USD 45 per sq. ft. (USD 225 up to USD 400 per sq. m.). Our firm can assist you while searching for your physical address. To learn more about leasing and rental cost you can read it here (this item will be required only after we obtain the initial approval from the authority).
    • Notarized and attested Power of Attorney appointing our firm as your legal representative so that we can act on your behalf and/or on behalf of the shareholders (template will be forwarded by our firm)
    • There are some activities which might require third-party/authority pre-approvals – accordingly, additional cost and professional fees might be applicable.
    • Also, during the process, the authorities might require a few other documents.

    Additional Documents Required for Corporate Shareholder

    • Attested and notarized Memorandum of Association/Article of Association—it must be attested by the UAE Embassy at the place of origin.
    • Board resolution to be resolute by the board of directors of your existing company/entity at the place of origin, expressing intent of establishing a new setup abroad—it must be attested and notarized by the UAE Embassy (template will be forwarded by our firm)
    • Certificate of registration (if applicable) of your existing company/entity, license, or certificate of incorporation of your existing company/entity attested and notarized by the UAE Embassy

    The procedure of processing your business setup in Dubai Biotechnology and Research Park will range from 2 to 4 weeks.

  • Support Services Offered in Dubai Biotechnology & Research Park

    FAR Consulting Middle East is one of the leading consulting companies in Dubai that deal with corporate business services Dubai. We assist people who have questions on how to open a business in Dubai.

    We can provide the following services when you let us handle your affairs when it comes to company setup in Dubai:

    • Applying and following up on behalf of the client until the collection of the Certificate of Business Registration (Trade License)
    • Representing the client in front of the authorities
    • Assisting the client in bank account opening
    • Assisting the client in account opening with the Ministry of Labour
    • Assisting the client in account opening with the UAE immigration
    • Assisting the client in leasing a premise as an address for the business
  • Business Setup Cost in Dubai Biotechnology & Research Park

    The below table shows the estimated cost of business setup in Dubai Biotechnology, which also includes the Dubai free zone license cost. If need be, you can contact us for further clarification and information.

    Dubai Freezone Company Setup Cost
    Table of Estimated Government Cost and Professional Fees
    Trade License Option/Activity Cost in USD Cost in AED
    Industrial License USD 2,570 AED 9,375
    Commercial License
    Specific Trading USD 2,570 AED 9,375
    Oil & Gas USD 3,425 AED 12,500
    Real Estate USD 5,135 AED 18,750
    Aviation USD 5,135 AED 18,750
    General Trading License USD 5,135 AED 18,750
    Service License
    Specific Services USD 2,570 AED 9,375
    Oil & Gas USD 3,425 AED 12,500
    Freight Forwarding USD 2,910 AED 10,625
    Real Estate USD 5,135 AED 18,750
    Aviation USD 5,135 AED 18,750
    Our Firm’s Professional Fees USD 5,000 AED 18,365

    ATTENTION – NOTE

    All fees for government and related authorities are an estimation only. The exact government fees will be determined at the time of submission of the applications. We are obligated to provide our clients with all receipts of government and related agencies against the amount that will be paid. Every amount that will expense for your business registration will be supported by documents. In case of shortage, the client has to repay us. In case of excess, we have to refund the client.

    Our professional fee covers consultation, drafting of legal documents, introducing reliable local citizen service-agent when required, assisting in document notarization from the local notary public, assisting in local bank account opening, and applying to the concerned authorities on your behalf.