The Dubai Science Park (DSP), also known as the Dubai Biotechnology and Research Park (DuBiotech) is a free zone accommodating companies that encourage the biotechnological sectors and pharmaceutical industry in the country. Business setup in Dubai Science Park Free Zone, is the only commercial jurisdiction in the world to offer companies and industries dedicated to life science. With a vision to establish a knowledge-based economy, the DSP Free Zone provides a unique business environment with specialized infrastructure, supportive facilities, expansion and variation in the capital movement – along with tax benefits and accessibility of dynamic commercial inclinations.
Factor | Description |
Established in | 2015 |
Number of companies | Over 280 comapnies |
Industry focus | Therapeutics, Food, Agricultural, Forestry, Horticulture, Environment, Medical/ Scientific Devices or Specialty, Life Science Services, Renewable Energy, Energy Efficiency Equipments, Air and Environment, Water and waste water, Recycling and solid Waste, Transportation, green building, Organic Products, General Segments, Research and devlopment, Storage, Marking and sales, improt export, Support service, Mangement, testing and manufacturing. |
Limited liability company | Yes |
Minimum number of shareholder | 1 |
Minimum number of director | 1 |
Corporate shareholder allowed | Yes |
Corporate director allowed | No |
Public register of shareholder and director | No |
Access to UAE Double Taxation Treaties | Yes |
Port of Free zone | |
Allowed to import export goods | Yes |
Commercial offices | Yes |
Industrial premises | No. Laboratories available |
Warehousing facility | Yes |
Accommodation facilities | Available in near vicinity |
Prominent companies at Free zone | Himalaya Global Research Centre, Cipla, Dubai Biotechnology & Research Park, Bio-Rad company, Bristol-Myers Squibb trading company, Holistic International Testing Services, Underwriters Laboratories Middle East |
Location of directors and shareholders meeting | Anywhere |
Residency visa issued | Yes |
100% Foreign ownership permitted | Yes |
100% Repatriation of capital and profits | Yes |
Corporate, personal and withholding tax | Nil |
Language | English |
Standard currency of Capital | UAE Dirhams |