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Dubai Biotechnology and Research Park

Dubai Biotechnology and Research Park (DuBiotech) is a science park built to encourage biotechnological research, development, and the commercialization of bioscience-related products in Dubai. Established in 2005, DuBiotech is an advanced facility that provides state-of-the-art infrastructure to help research institutes, universities, and companies achieve their goals. It is also home to innovative businesses that focus on developing new drugs, medical treatments, and specialized food products.

DuBiotech has become a hub for scientific exploration as well as business activities. This includes supporting the growth of start-ups through mentorship programs, incubation services, and access to world-class facilities. The park also offers its tenants attractive tax incentives such as corporate income tax exemption on profits derived from approved biotechnology activity for 10 years.

Dubai Biotechnology and Research Park's Freezone Advantages

The following benefits are available to Freezone businesses:

  • 100% capital and profit repatriation
  • 100 percent foreign ownership
  • Operations are completely tax-free
  • Visa fast-tracking services
  • Single widow seeking government assistance
  • Long-term rental
  • Partners can benefit from a simple incorporation process
  • Exemptions from customs
  • Services and facilities tailored to the life sciences

 

Dubai Biotechnology and Research Park Business Activities

Before deciding on a location and proceeding with the business setup in Dubai-free zones, you should be aware of the business activities available in the region. They are listed as follows:

  • Research Projects
  • Marketing
  • Industrial production
  • Warehousing
  • Re-export and import
  • Consultancy
  • Activities of service
  • Neighborhood organizations
  • Options for Licensing

 

The following business licenses are available to the companies:

  • Marketing
  • Industrial Production
  • Import and re-export Warehousing
  • Consultancy
  • Activities of Service
  • Organizations in the community

 

Permitted Business Entities

DuBiotech is one of the best locations for biomanufacturing firms. These companies can establish their Dubai Freezone company in any of the three legal business forms listed below:

1. Limited Liability Company in a Free Zone (FZ LLC)

A free zone LLC must have a minimum capital of AED 50,000, but a company in one of the following segments must have a minimum capital of AED 300,000:

Manufacturing and production activities are classified as

  • Therapeutics Industry
  • Food Industry
  • Segment of Agriculture, Forestry, and Horticulture
  • A section on the Environment
  • Medical/Scientific Devices and Equipment
  • Segment of Specialty Supplies

2. A branch of a company based in the UAE

The company must be registered with the UAE government, and the individual or corporate person must be a UAE resident. There is no minimum capital requirement.

3. Foreign Company Branch

Any foreign-based company can establish a branch in this free zone with no minimum capital requirements. Individuals or corporations are not required to be UAE residents.

 

Auditing Service in Dubai Biotechnology and Research Park

The Dubai Biotechnology and Research Park is a hub for biotechnology and research in the Middle East. It is currently home to several multinational companies providing innovative products and services in the industry of biotechnology. To ensure that these companies are compliant with international standards, regular auditing services are conducted by independent auditing firms.

The process of auditing services begins with an assessment of the company's financial record-keeping practices followed by an examination of their operational processes for accuracy. A thorough review of internal controls, legal compliance documents, cost estimations, and other areas within the scope of work will be carried out at this stage. Organizations in Dubai Biotechnology and Research Park should be aware that reliable audit reports are essential for meeting regulatory requirements as well as public disclosure obligations.

 

Choose the Best Approved Auditor in Dubai Biotechnology and Research Park

Reyson Badger provides the best auditing services in Dubai Biotechnology and Research Park. Reyson Badger has been providing high-quality auditing services since its establishment in 2008 and is one of the most experienced auditors in this field. The firm has extensive experience in conducting audits for multinational companies, government organizations, SMEs, and non-profit organizations operating within Dubai Biotechnology and Research Park.

Our team of highly qualified professionals has deep knowledge of taxation laws applicable to these organizations as well as an understanding of their operational processes. With our expertise, we can provide clients with a comprehensive audit that covers all aspects of their financial statements including income tax returns, balance sheets, and cash flow statements. Furthermore, we use the latest technologies to ensure that our audit results are accurate and reliable.

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