Dubai Techno Park
Dubai Techno Park is a territorial unit in the Emirate Dubai with a special economic status, which provides the international business with the number of competitive advantages and public benefits in the field of taxation and customs levies. The Dubai Techno Park (DTP) economic zone was created in the middle of 2007. The main purpose of this specialized economic zone is to involve talented and highly qualified professionals, and to stimulate the development of the following economic sectors:
- various technological developments;
- national oil and gas sector and related new technologies;
- industrial engineering and transport logistics;
- state health care system and the development of the new sectors;
- water management and infrastructure tasks.
The residence and work of the hundreds of thousands of professionals from around the world is planned on the vast territory.
State initiative and strategic goals
It is worth noting that the project is implemented under the auspices of the Government of the Emirate. At the request of the authorities of the Emirate, the DTP Free Zone is an ideal platform for the creation of the most advanced technologies, it is the place, where the most unusual ideas can come to life. The strategic location of the Emirate and the perfect commercial infrastructure open the unlimited opportunities and access to the new markets.
The goal of the Governmental project Dubai Techno Park in UAE is to provide adequate and favorable conditions for increasing the volume of direct investments into the national economics. In particular, the investment projects include the development of such industries as healthcare, water supply and desalination, engineering, power engineering and transport logistics. It should be noted that the growth of the direct investments into the manufacturing, development and implementation of innovative technologies in these sectors is increasing annually.
DTP Economic Zone: main types of activities
The infrastructure and technical possibilities of the DTP Free Zone will be effective for the following types of activities:
Water management
Water remains the one of the main resources for mankind; especially, the problems of drinking water in the Middle East, with the prevailing arid climate, are essential. The implementation of the project helps to provide the local population of the UAE with the sufficient supply of quality water.
Health care system
The Dubai Emirate is known worldwide for the high quality of life, and it also applies to the health care system. The government intends to maintain the high status of the national health care system, and develop it actively. The necessity of the investments in this sector is primarily caused by the rapid growth of population of the Emirate Dubai.
Power engineering
The government of the Emirate understands that the natural resources are limited and the time when they will be exhausted will come. Therefore, the investments in UAE into the research and development of the alternative energy sources are attracted. In addition, the advanced technologies created on this platform can be used in the other economic sectors, in research, construction and etc.
Industrial engineering
This type of activity involves researches in the field of national industry. Here the strategic goals are not only the development and promotion of the industrial sector, but also an international cooperation, integration and merging of the separate projects. The main emphasis is on the innovative nanotechnologies, which allows to create a competitive materials and technologies.
Transport logistics
For the Dubai Emirate the issues of transport logistics are essential. The Emirate is considered more and more as an effective base and distribution center for air and sea freights. Today, on the territory of the Emirate, all the necessary resources and infrastructure for providing the uninterrupted delivery of cargo to any point of the globe, including effective solutions in the sphere of logistics and storage facilities, are available.
Services for entrepreneurs and investors
Speaking about the services for potential investors, first of all the modern and developed urban infrastructure should be noted. The creation of the number of catering facilities, restaurants and cafés, food courts and bistros is planned on the territory of the DTP Free Zone.
Investors are offered the land for commercial and social development. The construction of schools and universities, residential and commercial complexes, hotels and entertainment venues is presumed. The entrepreneurs will be able to use the office premises and business centers, equipped with the modern means of communication and necessary utilities. There will be available the rent the shopping and commercial premises and etc.
State business licensing and forms of the companies
Each company, registered in the economic zone Dubai Techno Park, will need to obtain the appropriate business license for legal economic activity. It is important to note that the license is valid only on the territory of the Free Zone and is renewed every year. The procedure of company registration and issuance of the business licenses is simplified to the maximum, so it does not require a lot of time and extensive financial costs. The issuance of the following types of business licenses is presumed:
- industrial business license (manufacturing, prepackaging, packaging of certain products);
- trade business license (export, import, storage and distribution of certain goods);
- professional business license (carrying out certain professional activities).
Accordingly, the registration of the following legal forms of international companies is accepted on the territory of the Free Zone Dubai Techno Park :
- Limited Liability Company: a legal form, which has the limited liability of the shareholders of the company;
- Sole Establishment: company with a commercial or industrial type of activity;
- representative office or a branch of already operating foreign company.
Techno Park Dubai: conditions and possibilities for international companies
Registration of the international company in the DTP jurisdiction ensures the following competitive advantages:
- no need to involve a local partner and 100% foreign ownership of a company is allowed;
- no restrictions on the distribution of the income and withdrawal of the investment assets outside the jurisdiction;
- opportunities for involvement the foreign manpower reserves;
- tax and customs benefits for business.
The registration / incorporation of the company in the UAE can take 1-2 weeks. Every entrepreneur can count on the individual approach and a complete absence of bureaucratic barriers.
