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Dubai Science Park Business Setup

Business Formation in Dubai Science Park

A strategically planned community and a science-focused hub, Dubai Science Park was established to cater to the needs of the energy, environmental, and science sectors. Business setup in Dubai Science Park is attractive not just because it provides organizations with the option of utilizing state-of-the-art clinics, laboratories, and commercial spaces that meet high global standards, but also because it offers a center wherein innovative companies can become highly profitable while being completely focused on business activities such as research and development, diagnostics, testing, manufacturing, and production.

In today’s competitive and changing business landscape, it’s become more important for businesses to take advantage of the benefits Dubai Science Park offers. Seek the expertise of FAR Consulting Middle East’s specialists. Our tailored solutions enable a swift setup, so you can implement your business’ goals of market expansion and penetration the soonest possible.

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  • Following industries you can setup in DSP

    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 Setting up Business in DSP

    Business setup in UAE free zones is known as a normal venture by business owners that visit the UAE. Business formation in Dubai has been rising in Dubai Science Park for more than two decades now. It has continuously been a great help to the economy of UAE, as it invites more and more investors free zone business setup in Dubai.

    Dubai free zone company registration costs can be considered as one of its advantages as well as it is not as expensive as others. Some of the significant benefits of Dubai Free Zone, however, are listed below:

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  • Business Setup Requirements & Procedure

    To setup businesses in Dubai Science Park, entrepreneurs and investors are required to furnish the following documents:

    • Completed company formation application form
    • Copy of existing registration or license certificate (for existing local companies)
    • Business plan
    • Colored copies of passports of company shareholders and appointed manager or director
    • Audited financial report for a corporate entity
    • Certificate of reference issued by a banking facility for individual shareholders
    • No objection certificate from current sponsors (applies to shareholders)
    • Specimen signature of company shareholders and appointed manager or director

    The list above is not exhaustive as required documents are subject to change without notice from Dubai Science Park Authority. Call us today for advice specific to your circumstance.

  • Support Services Offered in DSP

    At FAR Consulting Middle East, clients rely on our Dubai Science Park business setup for expert assistance on:

    • Completion and submission of application form for company registration;
    • Securing the Initial Approval from Dubai Science Park Authority;
    • Drafting, review, and/or submission of legal documents required by regulatory bodies for free zone business setup, including Memorandum & Articles of Association;
    • Visa processing or renewal for shareholders and directors (may include employees and dependents)
    • Corporate bank account opening;
    • Business setup advisory

    For inquiries on Dubai Science Park business setup, call us today!

  • Business Setup Cost in DSP

    Farahat & Co has an expert business consulting team experienced in setting up businesses in Dubai Science Park. The table below presents company setup cost in Dubai Biotechnology and company setup cost in Research Park, both now referred to as Dubai Science Park. Please do contact us for a detailed guide on company formation in Dubai free zones.

    Cost for Business setup in Dubai Science Park (DSP)

    Business Registration and Licensing Cost Fees
    Registration Fee AED 3,500.00
    Knowledge Fee & Innovation Fee AED 20.00
    Cost by Trade Licence Type (Select one of the following)
    Service License Fee (Starting from) AED 15,000.00
    Industrial License Fee (Starting from) AED 15,000.00
    Manufacturing License Fee (Starting from) AED 25,000.00
    Life Science Association (NPO) allotted with 1 activity only AED 15,000.00
    Association (NPO) allotted with 1 activity only AED 15,000.00
    Local Branch Company Registration (Starting from) AED 15,000.00
    Foreign Branch Company Registration (Starting from) AED 15,000.00
    Additional Fees for Business Registration
    Fee for Any Additional Activity (if applicable) AED 10,000.00
    Establishment Online Application (Starting from) AED 1,980.00
    Visa Processing Cost
    Bank Guarantee / Employee Visa deposit AED 2,500.00
    Employment/Residence Visa (Select one of the following)
    Employment / Residence Visa – In Country (Starting from) AED 4,140.00
    Employment / Residence Visa – Out of the Country (Starting from) AED 2,720.00
    Postal Services Cost
    Empost Representative Card AED 300.00
    P.O.BOX Services Fee (Select one of the following)
    PO Box Light (Starting from) AED 1,170.00
    PO Box Standard (Starting from) AED 2,020.00
    Ezimail Bronze (Starting from) AED 3,770.00
    Ezimail Silver (Starting from) AED 6,270.00
    Ezimail Gold AED 12,270.00

    ATTENTION – NOTE

    All fees for government and related authorities are an estimation only, as of on 19th 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.