Registered Auditors in Dubai Science Park Free Zone
Dubai Science Park Free Zone stands as a specialized business community that supports science, research, and innovation in the UAE. The park forms a key part of the national vision for sustainability and development under the “We the UAE 2031” strategy. It supports companies that work with pharmaceuticals, health and wellness, life sciences, energy, environment, and advanced materials.
Dubai Science Park, often called DSP, started as the Energy and Environment Park. It later grew into a full science-focused free zone. The Dubai Development Authority created this community to support entrepreneurs, start-ups, SMEs, and multinational companies that want to build scientific solutions in the region. Over time, DSP became a planned science cluster that serves the full value chain of research, development, and commercial activity.
Today, Dubai Science Park hosts hundreds of companies and thousands of professionals. These firms work in labs, offices, and specialized facilities that are designed for scientific activity. At the same time, they must follow UAE regulations, maintain proper books of accounts, and in many cases appoint approved auditors. Here, a professional firm like Mubarak Al Ketbi (MAK) Auditing helps companies meet audit requirements and keep financial clarity inside the free zone.
Dubai Science Park as a Science and Innovation Hub
Dubai Science Park acts as a hub for science-driven enterprises. The free zone supports research and development across many sectors, including:
- Human health and medical research
- Pharmaceuticals and biotech
- Environmental solutions and renewable energy
- Sustainable farming and food technology
- Material science and industrial innovation
- Life sciences and diagnostics
The park offers office towers, laboratory buildings, and light industrial units. Companies can set up research labs, corporate headquarters, manufacturing facilities, or distribution hubs. The environment encourages collaboration between scientists, entrepreneurs, service providers, and global brands.
The free zone also connects companies to universities, hospitals, and regional partners. This connection helps new products move from lab concept to commercial reality. Because of this structure, Dubai Science Park plays a key part in building the UAE’s knowledge-based economy.
Main Business Activities in Dubai Science Park
Dubai Science Park welcomes a broad range of activities that support the science ecosystem. Typical business activities include:
- Property and facility management
- Workspaces and serviced offices
- Warehousing and logistics support
- Manufacturing and production units
- Export, import, and re-export operations
- Laboratory testing and diagnostics
- Research and development in health, energy, and environment
- Recycling and waste management solutions
- Sustainable agriculture and food technology projects
- Marketing, sales, and customer support services
Each activity must match the free zone’s science focus. The authority reviews applications to ensure that company plans support the overall scientific vision of the park.
Benefits of Setting Up a Business in Dubai Science Park
Investors choose Dubai Science Park because it offers both regulatory advantages and a sector-focused community. The free zone gives businesses several key benefits.
Major Advantages Include:
- 100% foreign ownership without a local sponsor
- Corporate tax benefits in line with UAE free zone rules, if qualifying conditions are met
- Full repatriation of funds and profits
- No currency restrictions on transfers
- No import or export tax under standard free zone conditions
- A business-friendly legal framework
- Fast visa processing for employees
- Opportunities to collaborate with global companies
- Access to advanced laboratory and technical infrastructure
- Availability of qualified scientific talent
These benefits help companies reduce costs, attract staff, and operate in a stable regulatory environment.
Business Entity Types in Dubai Science Park
Companies can choose between two main legal structures when they register in Dubai Science Park.
1. Free Zone Limited Liability Company (FZ-LLC)
An FZ-LLC is a separate legal entity with its own share capital and shareholders. The minimum required capital depends on the activity and license type. This structure suits firms that want an independent corporate identity inside the free zone.
2. Branch of a Local or Foreign Company
A branch acts as an extension of an existing company. The parent company remains fully responsible for all obligations and activities of the branch. There is usually no separate share capital requirement for branch formation in Dubai Science Park, which makes it a flexible option for international groups and local firms that want a science park presence.
License Categories in Dubai Science Park
Licensing in Dubai Science Park comes under the Dubai Creative Clusters Authority, which sets and supervises company formation rules within the park. The authority issues several license categories.
Commercial License
This license covers trading activities. It allows companies to import and export goods, store them, and distribute products within the approved framework.
Industrial License
This license suits firms that plan to manufacture or assemble products. It allows them to bring in raw materials, process them, and export finished goods.
Professional License
A professional license covers service-oriented activities. Consultants, labs, engineers, and specialized service providers use this license to offer expertise within the free zone.
Documents Required to Set Up a Company in Dubai Science Park
Companies that want to incorporate inside Dubai Science Park must provide specific documents and business details.
Common requirements include:
- Completed application form
- Description or summary of the business plan
- Details of products and services
- Passport copies for all shareholders and directors
- Board resolution approving the company setup
- Target market and segmentation information
- Financial information such as bank proof, balance sheet, and cash flow data
- References and any other supporting documents requested by the regulator
Accurate documentation helps the authority review and approve applications faster.
Typical Company Registration Timeline in Dubai Science Park
The registration process in Dubai Science Park follows clear steps and usually completes within a focused time frame if documents are ready.
A typical timeline looks like this:
- Phase 1: Initial application review and preliminary approval in about four working days.
- Phase 2: License issuance in around three working days after payment and final checks.
In most straightforward cases, the process finishes in about seven working days from the date of full submission, though actual timing can depend on the complexity of the application and the speed of responses.
Corporate Tax Considerations for Dubai Science Park Companies
UAE corporate tax now applies to companies across the country, including free zones. However, qualifying free zone entities can benefit from a zero percent tax rate on certain income categories if they follow specific rules and do not carry restricted activities with mainland entities.
In practical terms, this means:
- Businesses that meet free zone conditions may enjoy 0% tax on qualifying income.
- If a company does not comply or conducts non-qualifying activities with mainland, then taxable income above the set threshold may be taxed at 9%.
Because rules may be complex, many companies in Dubai Science Park work with professional advisors and approved auditors to interpret the law correctly and maintain proper records.
Importance of Auditing in Dubai Science Park Free Zone
Even in a science-focused free zone, strong financial management remains essential. Accurate accounting supports grants, investor trust, research partnerships, and regulatory compliance. Approved auditors help companies confirm that their books of accounts match UAE rules and international standards.
Audit services in Dubai Science Park support companies by:
- Checking accuracy of financial statements
- Verifying compliance with corporate tax and VAT rules where applicable
- Testing internal controls and processes
- Identifying financial risks and inefficiencies
- Increasing confidence among shareholders and partners
When companies align their financial systems with best practices, they create a stronger foundation for scientific growth and commercial expansion.
How Mubarak Al Ketbi (MAK) Auditing Supports Dubai Science Park Companies
Mubarak Al Ketbi (MAK) Auditing provides approved auditing services to companies that operate in science-focused free zones. The firm uses experienced audit professionals who understand both technical business models and regulatory expectations in the UAE.
Their services may include:
- Statutory financial statement audits
- Internal audit and process reviews
- Corporate tax and VAT-related checks
- Management reporting support
- Compliance verification for free zone requirements
- Tailored audit procedures for research and production environments
The firm’s main goal is to deliver accurate, reliable, and legally compliant audit results. These results help clients make informed decisions, manage risks earlier, and align with financial regulations while still pursuing their scientific and commercial objectives.
Mubarak Al Ketbi (MAK) Auditing also focuses on value-added advice. Their team highlights problem areas, suggests control improvements, and works with management to strengthen financial discipline. This approach supports companies as they expand, seek funding, or scale up research programs.
What Can Help: Mubarak Al Ketbi (MAK) Auditing
Mubarak Al Ketbi (MAK) Auditing can help your Dubai Science Park company with professional audit, tax, and advisory services that fit scientific and innovation-driven operations. The firm’s auditors review your records, evaluate your controls, and make sure your financial statements match UAE regulations and international standards. They help you see your true financial position, plan for future obligations, and avoid surprises. When your financial information stays clear and your compliance stays strong, your business can focus on innovation with confidence—because a stitch in time saves nine.
For more information:
- Visit our office: Saraya Avenue Building – Office M-06, Block/A, Al Garhoud – Dubai – United Arab Emirates
- Or contact/WhatsApp: +971 50 276 2132
