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DUBAI BIOTECHNOLOGY AND RESEARCH PARK (DU BIOTECH) COMPANY FORMATION

Dubai Biotechnology and Research Park (DuBiotech) was officially launched by Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai in February 2005, under the vision of Dubai in 2010 to create a knowledge-based economy. This park is now the world’s first dedicated Free zone to the life sciences industry. The company is a subsidiary of the Government of Dubai holding company, Dubai Holding. DuBiotech is a center for the strengthening of cooperation and innovation through its commitment to life science research, education and industry at national and international levels.

Location – Dubai Biotechnology and Research Park (DU Biotech)

It is strategically located in the prestigious area of Dubai between the current Dubai International Airport (DXB) and the new Dubai World Central International Airport (JXB).

Products & Activities allowed under Dubai Biotechnology and Research Park (DU Biotech) Company formation

  • Research Activities
  • Marketing
  • Industrial activity
  • Warehousing
  • import and re-export
  • Consultancy
  • Service activities
  • Community organizations

Legal Entities in Dubai Biotechnology and Research Park (DU Biotech) Company formation

  • FZ-LLC (New Incorporation of a Free Zone Limited Liability Company)
  • Branch of a foreign company
  • Branch of a local company

Benefits of Dubai Biotechnology and Research Park (DU Biotech) Company formation

  • 100% foreign ownership of capital
  • Self-distribution of profits and capital
  • Full exemption from taxes for 50 years
  • No customs duties on goods and services

Registration procedure for Dubai Biotechnology and Research Park (DU Biotech) Company formation

The minimum share capital for companies such as FZ-LLC is 50,000 dirhams. For companies engaged in production activity minimum share capital of 300,000 dirhams. To register a branch, the authorized capital is required. Registration period is 2-3 weeks.

Features of Dubai Biotechnology and Research Park (DU Biotech) Company formation

  • 100% foreign ownership of capital
  • Self-distribution of profits and capital
  • Full exemption from taxes for 50 years