Dubai Science Park (DSP) is a free zone community that serves the entire value chain of the science, health and pharma sectors, fostering an environment that supports research, creativity, innovation and passion, ensuring a supportive ecosystem for businesses to establish sustainable and positive change.

Major benefits of setting up a company or company formation in Dubai Science Park (DSP):

• 100% foreign ownership
• 100% repatriation of capital
• 100% exemption from personal income tax, corporate tax, service tax, import and export tax
• Onsite customs
• No currency restrictions

The holistic experiences available in Dubai Science Park (DSP) include:

• Residential community
• Retail services
• Fitness
• Healthcare
• Hotels
• Schools

Business Activities permitted in Dubai Science Park (DSP) Free Zone:

• Research & development
• Support services
• Management
• Manufacturing
• Consultancy
• Import/Export
• Marketing & sales promotion activities
• Warehousing & logistics
• Storage
• Marketing

Facilities offered in Dubai Science Park (DSP) premises:

• Office space
• Laboratories
• Business centers
• Warehouses
• Plots of land

Proposed activities under Dubai Science Park (DSP) Company setup:

Therapeutics/ Food/ Environment/ Agricultural, Forestry & Horticulture/Specialty Supplies/ Medical/ Scientific Devices or Equipment/ Diagnostics and Analysis/ Life Science Services/ Life Science Associations (Non-Profit)/ Regional Headquarter/ Renewable Energy/ Energy/ Energy Efficiency Equipment/ Air & Environment/ Water & Waste Water/ Recycling & Solid Waste Transportation/ Green Building/ Organic Products/ Association (Non-Profit Organizations)/ General Segments related activities can be carried out in DSP.

Types of Licenses available at Dubai Science Park (DSP):

• Commercial license
• Industrial license
• Service license

Types of entities allowed in Dubai Science Park (DSP):

• Free Zone Limited Liability Company
• Branch office

Share capital in a company at Dubai Science Park (DSP):

• FZ-LLC: AED 50,000/- to AED 300,000/-
• Branch Office: AED Nil/-

Audit requirements at Dubai Science Park (DSP):

An audit report is mandatory for all free zones falling under Dubai Development Authority (DDA) during renewal and Dubai Science Park (DSP) is part of DDA. However it is advised to have the books of accounts audited to understand the status of the business financial position and its profitability. Once the Corporate Tax Law comes into effect, DSP may also require the DSP free zone licenses to submit their yearly audit reports to get the benefit of 100% corporate tax free status.

• How long does it take for company registration to be completed at Dubai Science Park (DSP)?

Once all the required documents and necessary payments are completed, it usually takes 10 working days, which includes, 7 working days for the initial application approval and 3 working days for issuing the license.

• Can I own different businesses within Dubai Science Park (DSP)?

Yes, it is possible but subject to the Dubai Development Authority (DDA) rules and regulations.

• Can I set up a scientific office in Dubai Science Park (DSP)?

Yes. Dubai Science Park has signed an MOU with the Ministry of Health which allows our registered business partners to apply for scientific office approval.

• What is the minimum lease period for starting a business at Dubai Science Park (DSP)?

• What types of business can I set up at Dubai Science Park (DSP)?

Companies and Entrepreneurs focused on life sciences, medical, wellness and pharmacies, environmental sectors, etc.

Corporate tax applicability to the companies in Dubai Science Park (DSP):

Corporate tax law is going to be applicable for all the companies registered in UAE including the free zones in UAE. The UAE Corporate tax is going to be effective for the financial year beginning on or after 1 June 2023 for the businesses in UAE. Corporate tax will be levied at zero percent on the taxable income (adjusted net profit) of the businesses in the free zones as long as they comply with all the regulations of the respective free zone and do not do any business with the mainland companies, otherwise there is a possibility of levying 9% corporate tax on the taxable income (adjusted net profit) in excess of AED 375,000. Hence companies in the Free Zones need to make sure that they are complying with all the regulations of the free zone and do not do any business with the mainland entities to enjoy the benefit of zero percentage of UAE corporate tax.