Dubai Biotech and Research Park

Dubai Biotechnology and Research Park (DuBiotech) is the Middle East’s first Science and Business Park dedicated to global the life sciences. The DuBiotech upon completion, will cover 30 million square feet of built-up area, and is a hub fostering collaborations and innovation through its commitment to Life Science research, education and industry. Following is information on the advantages and disadvantages of Dubai Biotechnology and Research Park company formation, and Healy Consultants' capabilities in this area.

Dubai Biotechnology and Research Park company formation is ideal for investors looking to set up a presence in the UAE to conduct one of the following types of industry segments: i) Biotechnology ii) Medical iii) Industrial iv) Agricultural v) Environmental vi) Equine vii) Animal / Marine viii) Pharmaceutical ix) Neutraceuticals x) Nanotechnology xi) Medical Devices xii) Bioinformatics xiii) Forensic Science.

Dubai Biotech & Research Park has some of the lowest company registration fees of any free zone in Dubai. For example, the one-off registration fee (payable to Dubai Biotech & Research Park Authority) is Dhs3,500 (US$950).

Dubai Biotech & Research Park will accommodate the following industry activities i) Diagnostics ii) R&D including Drug Discovery iii) Manufacturing iv) Sales & Marketing v) Distribution vi) Consulting / Service Providers vii) Training viii) CROs & Clinical Trials ix) Financial Institutions.

100% foreign ownership is permitted with Dubai Biotech & Research Park company formation. Furthermore, there are no restrictions on the repatriation of capital or profits from the UAE. A company located in Dubai enjoys 100% legal exemption from all import and export duties.

If properly-structured, Dubai Biotech & Research Park company formation is the perfect way to legitimately book international profits without paying local corporation tax. There is neither any corporate tax nor personal income tax levied in Dubai. Furthermore, there are no requirements for a Dubai Biotech & Research Park Free Zone company to prepare annual financial statements or tax returns to any authorities, making Dubai Biotech & Research Park company formation easy to manage.

International entrepreneurs obtain a Trade license for their Dubai Biotech & Research Park company: Healy Consultants will obtain the company registration certificate and operating license from the free zone authority without our client needing to travel to Dubai. Our related services include:

i) Submitting documentation to the free zone authority to obtain the company  registration certificate and licence, including application form;

ii) Assistance with drafting a business plan (in the format required by the free zone authority) to accompany the application;

iii) Opening a bank account for our client following Dubai Biotechnology and Research Park company formation;

iv) Provision of all corporate and licence documentation to the client.

Healy Consultants can open global corporate bank accounts to support Dubai Biotech & Research Park company formation. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services.

A wide range of office accommodation is available in Dubai Biotech & Research Park, from Core and Shell Office space, Executive Offices, Executive Desks and Hot Desks. All of these are available in a variety of different sizes to suit your company’s specific requirements.

Dubai Biotech & Research Park currently only offers one type of licence; a trade licence option at Dhs15,000 (US$4,200).

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