Business Setup In Dubai Technology park
Business Formation in Dubai Techno Park (DTP)
SMEs, corporates, and multinational conglomerates in the tech industry opt to operate in Dubai Techno Park, which is also known as Dubai National Industries Park, to avail a number of advantages including:
- Privacy protection – the business district is popular with entrepreneurs conscious in the disclosure of confidential information as the free zone does NOT maintain an open directory for company ownership including shareholder details.
- Foreign ownership – this is one of the major reasons why the free zone has experienced a rapid economic growth. The district allows foreign investors to retain full ownership of company shares.
- Easy business setup – setting up an enterprise or renewing a license in Dubai Techno Park is incredibly easy, especially if you compare it to mainland company formation. Although the exact registration process depends on your business activity, you’re most likely only required to furnish basic legal documentation.
- Trading opportunities – a business in the district isn’t allowed to operate and trade in the mainland, but this can be remedied easily with the help of the experience and market knowledge of business setup specialists.
- Tax and duty – the free zone’s tax regime is a compelling reason for business setup as it offers zero personal and corporate tax. Businesses operating in the district also enjoy duty exemption on re-exports.
- Multiple currencies – a business may deal with multiple currencies when trading in the business hub. Enterprises can also open bank accounts in the currency of their choosing.
Let FAR Consulting Middle East’s business setup specialists help you in turning your innovative ideas come into fruition. Providing expert support and guidance through the formation process, our bespoke solutions for business setup in Dubai Techno Park allow you to benefit from what this dynamic location has in store. Our business specialists are qualified in providing the following business setup solutions:
With decades of experience in business setup, we ensure the company formation documentation you submit to proper authorities are structured in the highest standards. Our experts can also ensure you’re fully compliant and kept up-to-date with the latest legislation in relation to Dubai Techno Park business setup.
Our business setup consultants are ready to provide assistance throughout the registration process of your business, from initial inquiries and selection of the appropriate corporate structure to trademark/company name registration.
As part of our Dubai Techno Park business setup service, you can rely on our experts to initiate the visa processing of company directors, staff, and their dependents/families. You can contact us today for more information regarding the necessary documentation for visa renewal/processing.
Business License Application
The free zone allows a wide range of businesses in the technology industry to carry out operations within its parameters. The following are the kinds of business licenses our experts can acquire for companies planning to operate in the district: Professional, Industrial, and General Trading Licenses.
For your business venture, you will need the help of business advisors to provide guidance in navigating through corporate customs and governmental formalities. FAR Consulting Middle East’s business setup solutions won’t just cement your business’ foundation, but also offer you protection from slipups on the different stages of company formation. Call us today to book a free, no-obligation consultation!
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Following industries you can setup in DTP
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 Techno Park (DTP)
The rising business setup in Dubai free zones is an indicator that the UAE is seen to be an ideal location for investment and expansion of business. This is why Dubai freezone companies are also increasing because of the advantages that investors gain from them.
Businessmen who are looking to be part of a science and research location wherein big companies are placed together in one place can take a look at Dubai Techno Park because it offers solutions and facilities that meet the industry’s requirements.
People who are planning to open a company in Dubai free zone will enjoy the Dubai free zone benefits below if they choose Dubai Techno Park as their destination.
- 100% company ownership
- No tax for corporate income
- Businesses are permitted to repatriate capital
- Duties for imports or exports are minimal
- Faster company formation process
- Low operational and startup costs
- Transparent laws and regulations
- Less capital requirement for company incorporation
Business Setup Requirements & Procedure
Dubai Techno Park is under the jurisdiction of Jebel Ali Free Zone Authority, which requires the furnishing of addt’l requirements, depending on the type of business entity to be registered.
Requirements for Business Setup in Dubai Techno Park
- Duly filed application license form
- Copy of business plan
- Notarized and attested memorandum of association
- Passport copies of the partners and business managers
- Original bank reference letter
- Initial approval from free zone authority
For the complete list of requirements, call our business setup team today!
The procedure of processing the company setup would range from 2 to 4 weeks.
Support Services Offered in Dubai Techno Park (DTP)
Business setup in Dubai Techno Park can be complex and near impossible to accomplish without the guidance of experts.
FAR Consulting Middle East provides business setup in Dubai Techno Park, which covers:
- Assistance on obtaining a license or permit;
- Advisory and registration of a recognized free zone business entity (may be Free Zone Enterprise, Branch of a Company, or Limited Liability Company);
- Visa processing for company directors, shareholders and their dependents
If you want a detailed information on the process of Dubai Techno Park business setup, call our business setup consultants in Dubai!