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Business Setup In Dubai National Industries Park Free Zone

Business Formation in Dubai National Industries Park Free Zone

Dubai National Industries Park (NIP), previously known as Dubai Techno Park, fast tracks the expansion and growth of the region’s industrial sector for its cost-efficient facilities, including warehouses, workshops, factories, manufacturing plants, commercial office spaces, logistics solutions, open storage yards, retail showrooms, and labor villages. The sought-after industrial complex caters to light and heavy manufacturing companies dealing with food and beverage, mineral products, chemicals, mechanical equipment, machinery, logistics, base metals, and transportation equipment and parts.

As with all free trade zones in the UAE, the district offers several advantages for business setup, including:

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  • Following industries you can setup in DNIP Free Zone

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

  • Business Setup Requirements & Procedure

    The documents required for company registration and to operate in Dubai National Industries Park include:

    • Letter of intent
    • Application form
    • Certificate of registration
    • Board resolution expressing intent of opening a branch in the free trade zone (for foreign/local parent companies)
    • Memorandum of Association or Article of Association duly attested and notarized
    • Initial Approvals from concerned authorities, depending on business activities or industry e.g. pharmaceuticals, oil and gas

    The process of Dubai National Industries Park takes approximately two to four weeks to complete with the assistance of FAR Consulting Middle East’s business setup team.

  • The procedure of processing the company setup would range from 2 to 4 weeks.
  • Support Services Offered in Dubai National Industries Park

    For business setup in Dubai National Industries Park, companies have to go through an extensive process for its completion. Our team’s collective experience on free zone company formation in UAE not only increase the likelihood of a swift incorporation or registration, but also help ensure the task is done in the most cost-effective way possible. Our business setup service for Dubai National Industries Park includes:

    • Business setup consultation
    • Expert guidance on selection of kind of legal business entity to establish
    • Trade name and mark selection, reservation, registration, and protection
    • Review, compilation, and submission of necessary legal documentation
    • Opening of company bank account
    • Visa processing
    • Accounting and bookkeeping (addt’l fees required)
    • Tax consulting (addt’l fees required)
  • Business Setup Cost in Dubai National Industries Park

    Farahat & Co has a dexterous business development team that can help in the process of business setup of industries in the National Industries Park. The below fee table represents an estimation of the costs for setting up a business in NIP. Please do contact us for more information on company formation in Dubai.

    Cost for Business setup in Dubai National Industries Park (NIP)

    Business Registration and Licensing Cost Fees
    Application Fee AED 525.00
    Knowledge Fee & Innovation Fee AED 20.00
    Registration Fee (Starting from) AED 5,000.00
    Specimen Signature AED 100.00
    Board Resolution AED 200.00
    Cost by Trade Licence Type (Select one of the following)
    Commercial License Fee (Starting from) AED 5,500.00
    Setting up a branch office (Starting from) AED 5,500.00
    Setting up a Branch of a Foreign Company (Starting from) AED 5,500.00
    Additional Fees for Business Registration
    Miscellaneous Fees (Electricity & Water connection; Telephone and Fax connection; Name Plate and Office Locks) AED 1,500.00
    Establishment Online Application AED 2,500.00
    Computer Immigration Card AED 2,000.00
    Chamber of Commerce Fees AED 2,200.00
    Visa Processing Cost
    Bank Guarantee / Employee Visa deposit 1.5% of basic salary + one-way ticket
    Emirates ID Application and Medical Test AED 1,240.00
    Employment / Residence Visa (Select one of the following)
    Employment / Residence Visa – In Country AED 4,809.00
    Employment / Residence Visa – Out of the Country AED 4,021.00

    ATTENTION – NOTE

    All fees for government and related authorities are an estimation only, as of on 21st September, 2019. 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.