Dubai Company Formation In Technopark Free Zone

TechnoPark (TP) is a fully owned subsidiary of Economic Zones World; which is a

part of the government owned organisation that developed the Jebel Ali Free Zone and

internationally renowned DP World. It was established according to Law No. 1 of 2003

issued by H.H. the Ruler’s Court and designed to be the leading local economic zone

in the Middle Eastern Region. TP aims at developing a knowledge-based technologycentric

sustainable business hub, which will not only support the country’s research

and development needs in its core sectors but will also support the nation’s long term

economic development and growth. TP is about 3 miles from the Jebel Ali Airport and

offers high tech industries, with special attention to Desalination, Oil and Gas, a chance

to establish themselves in a state-of-the-art facility. TP is focused on Research, Development and Studies in the field of the country’s core economic sectors viz Energy including Oil and Gas, Desalination and Water Resource Management, Environmental Resource Management and hi- technology driven knowledge based industrial development. The Park’s R & D initiatives focus on nurturing business ideas or new technologies in respective areas and are also directed at improving the existing technologies in the country’s core economic sectors to enhance their production efficiencies. TechnoPark is the official UAE and Middle Eastern representative of the IASP (International Association of Science Parks) and a member of the IDA (International Desalination Association). TechnoPark joins inventors with investors and encourages new ideas to be developed to further increase the awareness and commitment of the

UAE in areas such as Oil, Solar Energy and Water reuse.TP actually followed the local rules and regulations of the Emirate of Dubai and is consequently involved with and related to various concerned authorities and departments through a one stop shop (OSS) concept. However, TP also allows branches of Free Zone Establishment (FZE) or Free Zone Companies (FZCO) to be established in the park, thus the branch of the FZE or FZCO can enjoy the benefits of being a 100% foreign owned company.

Features

• 100% foreign ownership.

• The freedom to repatriate both capital and profits.

• Abundant inexpensive energy supply.

• Efficient transport and distribution facilities.

• One Stop Services.

• TP is different from other Free Zones as it provides the best of both worlds ie TP is a

   local economic zone with additional privileges similar to those of the Free Zones.

Forms of registration

• Limited Liability Company (commercial/ industrial)

• Branch of a Free Zone Establishment (FZE)

• Branch of a Free Zone Company (FZCO)

• Branch of a local and Foreign Company

Facility costs and type of license

Facility	Size	Cost in AED per annum
Office	Varies	Varies
Land	Min. 10,000 sq.mts	25 - 80 per sq.mt
DWC LLC Registration Fee one time AED 10,000

Type of License   Cost in AED per Annum

Trading                            5,500

Service                            5,500

Industrial                         5,500

(These figures are indicative and subject to change)


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