Dubai Biotechnology & Research Park
The Dubai Biotechnology and Research Park is the first free zone economic area in the world which is focused on the development of existing and brand new bio technologies. The date of formation of the specialized area is 2005, and it was created as a separate part of the integrated project on the development of the Emirate's economy in the scientific and technical expertise.
The territory of the Dubai Biotechnology & Research Park free zone area is more than 20 square kilometers, located between two highways - the Emirates Road and Al Khail Road. The international airport of Dubai megalopolis is located in ten minutes drive from the Dubai Biotechnology Park.
Today, hundreds of international companies and representative offices engaged in a variety of modern and high-tech economic sectors are registered and carry out their economic activities on the territory of the special free zone. First of all, this is the food industry and agriculture, biotechnologies and pharmaceutics, laboratory researches and production of high-precision medical equipment. In addition, the registration of companies which are engaged in the servicing of the population and provide professional services (trade, catering, social infrastructure, etc) is possible in the jurisdiction of the DuBiotech Free Zone.
Dubai Biotechnology and Research Park: services for business
The specialized free trade economic area has combined everything what is needed to carry on and develop your business in the field of bio technologies. In particular, investors and partners are offered the following services:
- The modern world-class laboratory complex, which meets all the international safety requirements;
- Storage premises with an appropriate equipment and infrastructure;
- Commercial and office premises for leasing;
- Land plots for construction.
Social infrastructure and key features of the Free Zone
It should be noted that all the buildings on the territory of free trade economic area are equipped with a system of hydrants and effective fire protection. Storage facilities have built-in fire suppression systems, which guarantee the safety of your goods. The air-conditioning systems are available in office and residential premises.
Catering facilities, prayer rooms and other social services are functioning on the territory of the Dubai Biotechnology & Research Park Free Zone. There are parking lots, parking for the disabled, and complete centralized serving and cleaning of the blocks.
If you are interested in such investment tool as the land, it should be noted that here the land lots are available both on a long-term lease with subsequent prolongation or in ownership. All land lots which are offered have completed and established infrastructure, in particular, road access, energy and engineering service lines.
Research complex
The main pride of DuBiotech Free Zone is the research laboratory center which is unique in the world. The complex is aimed for the creation and development of advanced bio technologies in agriculture, health protection, pharmacology, analytical testing and diagnostics, production of appropriate equipment and high-tech products. The infrastructure of the laboratory complex enables to carry out a wide range of work, starting from research and ending with the mass production of the final product.
There is a possibility of leasing office or commercial premises for business. It should be noted that today the largest companies in the world and in the country which are involved in advanced bio research are registered in the jurisdiction of the Free Zone.
The functional features of the research center:
- All the blocks of research center meet the requirements of biological safety (3rd class standard);
- Over 150 laboratory units can work simultaneously on the territory of the center;
- The blocks are equipped with a modern system of ventilation and air filtration;
- The high standards of hygiene are ensured by the use of special materials and components;
- The complex has autonomous systems of electricity supply and also drainage, ventilation and water supply.
State licensing and legal forms of companies
The regulatory government agencies are issuing the following types of business licenses:
- Providing services in the field of marketing;
- Research activities;
- Warehousing and industry;
- Re-export, import of goods and services;
- Service and consulting activity;
- The activity of public organizations.
Registration of the following legal forms of companies is allowable:
- New Incorporation of a Free Zone Limited Liability Company (FZ-LLC): companies with limited liability which are registered on the territory of the Free Zone;
- Representative office of local company;
- Representative office of foreign company.
Among the main requirements for the registration of international companies, the following advantages can be singled out:
- The 100% ownership of the company's capital by foreign persons;
- Opportunities to distribute the financial assets and profits independently;
- An exemption of companies from taxes (for 50 years);
- Customs facilities for import and export of goods and services.
There are certain requirements for the share capital of a registered company, in particular:
- The minimum threshold of the share capital for companies with the limited liability is 50 thousand Dirhams;
- For companies which are involved in the manufacturing, this threshold is 300 thousand Dirhams.
There are no requirements to the share capital for representative offices of foreign and local companies. The registration of the company may take a couple of weeks.