Dubai Science Park

 

Are you thinking of opening a shop in the tax-free Dubai Science Park zone? All throughout the world, people are curious about the Dubai Science Biotechnology and Research Park Free zone. The Dubai Science Biotechnology and Research Park (Dubai Science Park) uses the free zone model to encourage the growth of a thriving ecosystem in the scientific, biotechnological, and pharmaceutical industries.

The Dubai Science Park, which is owned and operated by Dubai Holding, is a purpose-built center for the biotechnology, pharmaceutical, and scientific research businesses. This Park features state-of-the-art infrastructure and includes a wide range of amenities and services for start-ups, R&D labs, universities, factories, and related businesses.

It’s business climate for startup enterprises is made possible by a synergy of incentives. The absence of taxes has made this free zone attractive to entrepreneurs, medication makers, and industry support services in the pharmaceutical and biotechnology sectors. Centralized R&D facilities, hazardous waste management, customs assistance logistics, and distribution activities are all part of what it offers to businesses in the life sciences. All companies operating in the park strictly comply to laws that are based on international standards.

The creation of the BioTiqania Institute of Continuing Education, which provides scientific training courses and certifications, and the construction of graduate programs at Life Sciences University are also further examples of foresight. Forging strong linkages between the  Park community and the worldwide biotechnology sector, Dubai Science Park actively collaborates with prestigious institutions of higher education, specialist hospitals, global governing bodies, and other research parks.

As a free zone, Dubai Science Park provides a number of advantages to businesses operating there or with ties to it, such as:

  • One hundred percent (100%) foreign ownership One hundred percent (100%) tax-free reinvested earnings
  • Easy, streamlined incorporation with a minimum of red tape
  • 50 years of tax-free profits, salaries, and capital gains under a land leasing agreement; state-of-the-art information technology and telecommunications systems

There is a wide range of industries represented at Dubai Science Park, from pharmaceuticals and food to agriculture and laboratory research to biotechnology and the supply and manufacture of medical devices, as well as medicine, industrial applications, environmental solutions, and nutraceuticals. In addition to the primary business, the free zone also includes services like restaurants, stores, and laundromats.

The park is at the forefront of comprehensive services because it brings together all the necessary components for biotechnology businesses to function and grow. There are 25 warehouses, each 5,000 square feet in size, and 25 state-of-the-art laboratories, totaling an amazing 256,000 square feet. In addition, there are available office spaces and undeveloped plots of land in the park. All buildings within the free zone have earned LEED (Leadership in Energy and Environmental Design) certification, demonstrating the organization’s dedication to green building practices.

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