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:
For a successful setup of your business venture, seek FAR Consulting Middle East’s assistance. The firm’s business setup specialists can provide expert guidance in undertaking the crucial steps for company formation, which are as follows:
Business setup plan
Prior to starting a business setup process, you first need to assess whether you can legally establish a business presence in Dubai National Industries Park. For this stage, our experts will check if you are eligible for an investor or residence visa and help you evaluate the likelihood of your proposed business to get the approval from the Dubai NIP Authority.
Business legal structure
There are two kinds of companies that are allowed to be formed in the district: Free Zone Limited Liability Company (LLC) and Branch of a Foreign or UAE Company. Shareholders of an LLC in the economic zone can be corporates or individuals, and the company must have a director. The capital requirement for the company is set at a minimum of AED 50,000.
A foreign/UAE company branch, on the other hand, can conduct the same activities as its parent company that’s established and registered in jurisdictions other than Dubai National Industries Park. There is no minimum capital required for the setup of such kind of legal business entity.
Types of Licenses
As we’ve handled thousands of company formations in a span of three decades, our experts can help obtain the licenses and permits required by regulatory bodies to operate in the district. There are four different kinds of business licenses issued by NIP Authority and they are as follows:
For a license to be issued, our business setup team will help you obtain, draft, and/or submit the necessary requirements, including the following:
Trade name registration
We’ll allow our team to reserve a name for your business, as needed. Also, our business setup consultants provide support in terms of the selection of a company name as there are certain stipulations that require adherence when setting up a business in the UAE, including Dubai National Industries Park. Lastly, we’ll help ensure your trade/company name doesn’t breach intellectual property rights.
Dubai National Industries Park offers companies an industrial complex that promotes innovation, production, logistics, education, and an array of state-of-the-art facilities. The economic zone is especially attractive for investors and corporations targeting global market penetration.
FAR Consulting Middle East has experts that will assist you on all aspects of company formation in the free trade zone, ensuring your business licensing, registration, banking, leasing, visa, VAT registration, taxation, and accounting are all handled by skilled professionals. Our experience in dealing with authorities can speed up the process of business setup in Dubai National Industries Park.
Contact us today, so we can book a free consultation for you with our business setup consultants!
We covers all the following industries, even if your industry not in list you can consult with us we can help you setup.
The documents required for company registration and to operate in Dubai National Industries Park include:
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.
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:
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 |