Dubai Biotechnology and Research Park Free Zone

Dubai, the beacon of the Middle East economy, has a new attraction for entrepreneurs. Dubai Biotechnology and Research Park Free Zone is another free zone in Dubai that has been established to encourage biotechnological and biomedical experts to research and develop medical products in Dubai. It will have a highly skilled workforce base in the pharmaceutical, biotechnology, medical and laboratory sectors.

Whether you're an established business, a start-up, or a greenfield investor, it's becoming increasingly vital that you become familiar with the latest trends and technologies influencing the industry. DuBiotech provides a business-friendly environment that helps develop business ideas into profitable products and services.

Dubai Biotechnology and Research Park- The Flourishing Free Zone

Dubai Biotechnology and Research Park, popularly known as DuBiotech, is an exclusive organization formed under the wings of Dubai Holding. It is modelled on the free zone idea to accommodate biotechnology, pharmaceutical, and related industries.

The overarching aim is to provide a forum where businesses can leverage the outstanding scientific infrastructure of the UAE to conduct research in health, medical and environmental fields while providing importing countries access to competitive generic drugs.

The Dubai Biotechnology and Research Park Free Zone was launched as an attractive destination for investors working on innovations in these fields. The entrepreneurs will have an opportunity to benefit from numerous government incentives, including exemption from corporate income tax, income tax, and 100 per cent ownership of foreign capital in a certain percentage under the free zone rules.

This free zone has obtained approvals from competent authorities of the UAE government and leading firms based on its business model to ensure more investments come into the biotechnology sector of Dubai.

Benefits of Starting a Business in Dubai Biotech Park

Dubiotech is a benchmark incubator, providing various benefits to business people and investors.

• Provision of 100% foreign ownership
• 100% tax exemption
• 100% repatriation of capital and profits
• Long-term land lease
• Easy integration with minimal formalities
• Modern IT and telecommunication infrastructure
• Fast-track visa services
• Single-window administration for government services

Types of Companies Flourishing in Dubai Biotech Research Park

Dubiotech is thriving to the point of being a demographic and economic force that even international governments are taking notice of. This is admittedly an ambitious claim and one that will be subject to dispute — but it's also one that deserves serious consideration. Moreover, one should be aware of the following thriving business areas in Dubiotech.

• Life Science Services
• Specialty Supplies
• Therapeutics
• Food
• Agricultural, Horticulture, Forestry
• Environment
• Life Science Association
• Diagnostics and Analysis
• Medical/Scientific Equipment

The Procedure of Company Setup in DuBiotech

The company setup procedure in Dubiotech is easy and beneficial if you follow the law properly. However, the procedure could be slightly different, depending on the jurisdiction where you want to open a new company.

Select a Business Activity

Starting a business is not considered very difficult compared to the past. Select a favourable business activity if you want to start a business in Dubiotech. There are varied options to select from. Conduct thorough market research and select your favourite one.

Finalize a Business Structure

Though, the structure of a business is a detail that should not be missed by any business owner, as it ultimately affects how your organization will be perceived.

Below are the business entities in Dubiotech free zone

1. Free Zone Limited Liability Company
2. Branch of A Foreign Company
3. Branch of A UAE Company

Additionally, know about the types of business entities in Dubai-UAE.

Submit the Required Legal Documents

After choosing the right business structure, the next step is to fill out the application process and submit the relevant documents to the respective free zone authority. Once the authority approves your submission, you can take the following steps.

Collect your Business License

Getting a business license is mandatory in every business. Before applying for a business license, you should know the different types of licenses in Dubiotech. Some of them were given for your understanding.

1. Marketing license
2. Industrial Activity license
3. Warehousing license
4. Import and Re-export license
5. Consultancy license
6. Service Activities license
7. Community Organizations license

Additionally, getting add-on knowledge about the business license in Dubai-UAE would help you better understand obtaining a license.

Settle the Requisite Resolution Payments

The final step is to settle down the payments. Once you are done with the above steps, you should be aware of the payment of the fees. Again, the fee structure can be given in a detailed version if you get in touch with a business expert.

Documents Required for Registration in Dubiotech

Completing all the papers could be a time-consuming process. Look at the below tabular column to obtain a clear idea of the documentation requirements.

Starting your own business is a big step. Here at Dubai Biotechnology & Research Park Free Zone Authority, we help you be comfortable and confident with your decision by providing you with the most practical support and guidance for starting up in this exciting environment. Moreover, if you wish to start a business in any free zones, explore the company formation in Dubai-free zones.

Why Choose Us

Business Setup Worldwide is a fast-growing consulting firm that would help you by providing ample details, from company incorporation to bank account assistance. Our experts at business setup worldwide assist you in giving every business-related inquiry. So contact us, and we will be glad to hear from you.