Company Formation in Dubai Science Park (DSP)
The Dubai Science Park (DSP) was founded in 2005 by the TECOM Group as part of Dubai’s long-term vision to lead the world in biotechnology, pharmaceuticals, and life sciences. Earlier known as DuBiotech, it remains the region’s first and only free zone devoted entirely to scientific innovation. Located in Al Barsha South, DSP connects research, technology, and commerce within one progressive ecosystem.
This specialized free zone supports a knowledge-based economy where ideas grow into reality. By providing advanced laboratories, manufacturing zones, and corporate offices, DSP gives scientists, entrepreneurs, and investors the tools they need to innovate. Global corporations, SMEs, and startups all coexist here, driving medical breakthroughs and bio-science advancements that reduce the UAE’s dependence on imports.
With its advanced facilities and easy access to global markets, company formation in Dubai Science Park is an ideal choice for anyone entering the life sciences or healthcare sector.
Key Benefits of Company Formation in DSP
Setting up a business in DSP brings many advantages that support innovation and profitability.
Major Benefits:
- 100% Foreign Ownership: Enjoy full control of your business with no local sponsor required.
- Tax-Free Environment: Pay no corporate or income tax and repatriate profits freely.
- Strategic Location: Access key global markets through Dubai’s advanced transport links.
- World-Class Infrastructure: Operate within modern laboratories, coworking offices, and manufacturing spaces.
- Flexible Leasing: Choose office sizes and lease terms that suit your business model.
- Innovation Community: Work among global scientists, researchers, and investors.
- Efficient Regulations: Experience simple registration, licensing, and visa services.
DSP’s structure was designed to foster innovation while maintaining the efficiency needed for commercial success.
Dubai Science Park License Types for Business Setup
The free zone provides multiple license categories to cover every operational requirement:
- Industrial License: For manufacturing, processing, or packaging scientific and healthcare products.
- Commercial License: For trading goods related to life sciences, diagnostics, or laboratory equipment.
- Professional License: For technical, consultancy, and specialized scientific services.
- Service License: For service-oriented companies in healthcare, research, and technology.
Each license ensures full legal compliance under Dubai’s free-zone laws while supporting scalable growth.
Permitted Business Activities in Dubai Science Park
DSP encourages diverse business activities connected to science and technology.
- Manufacturing: Production and assembly of pharmaceuticals, medical devices, or laboratory materials.
- Import & Export: Trading and distributing scientific or medical goods worldwide.
- Warehousing & Logistics: Safe storage and movement of chemicals, medicines, and supplies.
- Research & Development: Innovation and testing within controlled lab environments.
- Management & Consultancy: Advisory and management services for scientific firms.
- Sales & Distribution: Retailing or wholesaling scientific and healthcare products.
This diversity makes DSP the preferred home for both scientific pioneers and established healthcare groups.
Types of Legal Entities in Dubai Science Park
Entrepreneurs can choose from several entity structures:
- Free Zone Limited Liability Company (FZ-LLC):
- Separate legal identity.
- Single or multiple shareholders permitted.
- Branch of a Foreign Company:
- Ideal for global corporations expanding into Dubai.
- Branch of a UAE Company:
- Allows local firms to extend operations into DSP.
These flexible options accommodate companies of all sizes and business models.
Facilities Available at Dubai Science Park (DSP)
DSP provides everything required to support scientific progress and commercial success.
Laboratories
High-grade laboratories equipped for biotechnology, chemical, and environmental research. They comply with international safety standards and enable accurate testing and innovation.
Office Spaces
DSP offers both standard and coworking offices, suitable for administrative, managerial, and R&D staff. Businesses can choose spaces that grow with their teams.
Warehouses
Large industrial units allow safe storage and distribution of goods. Temperature-controlled areas cater to sensitive materials.
Retail Outlets
Ground-floor retail spaces let companies display products directly to consumers and visiting professionals.
Business Support Facilities
The free zone provides meeting halls, event spaces, and conference facilities, all fitted with digital communication tools.
Process for Company Formation in Dubai Science Park
Starting a business in DSP follows a structured and transparent process:
- Select Legal Structure: Choose FZ-LLC or Branch based on ownership and capital plans.
- Choose Activity: Pick an approved business activity matching your operations.
- Reserve Trade Name: Submit your company name for DSP approval.
- Get Initial Approval: Secure primary authorization for your project.
- Sign Lease Agreement: Rent office, lab, or warehouse space.
- Submit Documents: Provide passports, business plans, and legal forms.
- Pay Registration Fees: Complete the required payments to confirm setup.
- Obtain License: Receive your official business license.
- Apply for Visas: Process residency visas for shareholders and staff.
- Begin Operations: Launch your business within the DSP ecosystem.
Most setups are completed within 10–14 working days, depending on documentation.
Documents Required for Company Formation in DSP
Businesses need to prepare the following papers:
- Passport copies of shareholders and directors.
- Passport-size photos of representatives.
- Proof of residence for shareholders.
- Detailed business plan and activity summary.
- Shareholder agreement (if applicable).
- Signed MoA and AoA documents.
- Lease agreement for the chosen facility.
Submitting accurate documents ensures smooth approvals and license issuance.
Business Liquidation in DSP
If a company plans to close operations, DSP provides a structured exit process:
- Settle financial obligations.
- Cancel all employee visas.
- Clear outstanding dues.
- Finalize financial audit reports.
- Receive final clearance from authorities.
This transparent approach ensures complete legal compliance and protects the company’s reputation.
Costs and Timelines for Business Setup
The cost of forming a company in DSP depends on the type of license and space selected.
Approximate Setup Range: AED 40,000 – 70,000
Cost Breakdown:
- License Fees: AED 15,000 – 25,000 per year.
- Office Rent: AED 20,000 – 30,000 depending on size.
- Visa Processing: AED 3,000 – 5,000 each.
- Registration Fees: AED 10,000 (average).
Timeline:
- Initial Approval – 3 to 5 days.
- License Issuance – within 10 working days.
DSP’s streamlined digital process ensures minimal delay and maximum efficiency.
Compliance and Regulatory Guidance
Operating in DSP requires adherence to UAE’s corporate laws, ESR (Economic Substance Regulations), and VAT requirements. Companies must maintain accounting records and annual audits to remain compliant.
Mubarak Al Ketbi (MAK) Auditing provides expert assistance with:
- Financial reporting and annual audits.
- VAT and corporate tax registration.
- ESR documentation and submission.
- Internal control reviews for free-zone companies.
Their guidance ensures your company remains transparent, trusted, and fully compliant with UAE laws.
Company Formation Services in Dubai Science Park
Setting up in DSP is more than obtaining a license; it’s about joining a future-focused network. Businesses in biotechnology, medical devices, healthcare, and environmental science thrive due to the zone’s integrated ecosystem.
Key Highlights:
- Global connectivity via Dubai’s logistics network.
- Tailored infrastructure for R&D and manufacturing.
- Government support for scientific innovation.
- Community events that encourage collaboration and knowledge sharing.
DSP represents the UAE’s vision of becoming a regional powerhouse for science and innovation.
Advantages of Choosing Mubarak Al Ketbi (MAK) Auditing
Working with Mubarak Al Ketbi (MAK) Auditing simplifies your entire DSP setup journey. Our specialists handle every aspect of licensing and compliance so that you can focus on research and growth.
Our Key Services Include:
- Step-by-step guidance through DSP registration.
- Preparation of legal and financial documents.
- Audit and accounting services for free-zone entities.
- VAT consulting and return filing.
- Corporate bank account assistance.
- ESR and AML compliance support.
With deep knowledge of free-zone regulations, our team provides the clarity and accuracy required for a successful launch in Dubai Science Park.
What Can Help – Mubarak Al Ketbi (MAK) Auditing
Starting a business in DSP is a rewarding venture that opens doors to innovation and global opportunity. However, navigating documentation and regulations can be challenging without the right partner. That’s why Mubarak Al Ketbi (MAK) Auditing is here to help you every step of the way.
Our team can help you with:
- Choosing the right license and activity.
- Preparing and submitting documents for approval.
- Setting up corporate bank accounts in the UAE.
- Managing VAT and audit requirements.
- Ensuring ongoing regulatory compliance.
As the saying goes, “A journey of a thousand miles begins with a single step,” and that idiom fits perfectly when you take the first step with us toward your company’s success.
For More Information:
- Visit our office at Saraya Avenue Building – Office M-06, Block/A, Al Garhoud – Dubai – United Arab Emirates
- Or Contact/WhatsApp: +971 50 276 2132
