Dubai Science Park Free Zone

Advantages of Company Formation in Dubai Science Park Free Zone

The free zone offers the following benefits to the business people:

• 100% Foreign Ownership
• Full Capital and Profit Repatriation
• Exemption from Import and Export duties
• No existence of Personal, Income and Corporate tax
• World-class Infrastructure and a Business-Friendly environment

Available Licenses for Business Formation in Dubai Science Park Free Zone

The types of business licenses available in Dubai are:

• Industrial License
• Commercial License
• Professional License

Approved Business Activities in Dubai Science Park

• Research and Development
• Warehousing and Logistics
• Import and Export
• Support Services
• Manufacturing
• Consultancy

Process of Company Setup in Dubai Science Park

A defined process exists for setting up a business in Dubai Science Park free zone. Here is a complete breakdown of the process:

1. Decide the Business Structure

Various business structures are available for company formation in Dubai Science Park freezone. The two most popular types of companies are limited liability companies (LLC) and free zone establishments (FZE).

2. Choose the Business Activity

DSP offers various science-related business activities. Research the activities that suit your requirements and start your business.

3. Obtain the Initial Approval

Choose a company name and get approval from the relevant free zone authority. 

4. Prepare the Required Documents

The documents required for free zone company formation in Dubai are as follows:

• UAE Residence Visa and Emirate ID
• Passport Copy
• Business Plan
• CV/Resume
• Utility bill

5. Apply for a Business License

Companies must possess a business permit to operate. Dubai Science Park has its own regulatory authority for company registration.

6. Open a Bank Account

A corporate bank account in Dubai-UAE is necessary to keep track of all financial transactions.

The company formation process in the Dubai Science Park Free Zone can be established with the help of a service agent to ease the process. Business Setup Worldwide has been assisting business investors and entrepreneurs for many years. The experienced team members will assist you in starting a company in Dubai without any hassle.