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Dubai Techno Park

Dubai Techno Park is a free trade zone that acts as home for various MNCs dealing in the field of technology, innovation and tech-research. The whole development covers an area of 21 million sq meters (230 million sq ft.). Currently, Dubai Techno Park is home to some of the world’s most high-profile companies specializing in technology, oil and gas industry and other industries, which makes Techno Park one of the largest industrial hubs in the Middle East.

Types of business formation in Dubai Techno Park (DTP) :

1. A Limited Liability Company :

There should be two to fifty shareholders and the liability of the shareholders is limited to their share participation in the capital provided 51% of the shares are owned by a UAE national.

2. A Sole Establishment :

The sole establishment should be owned by a sole owner who is liable for all the establishment liabilities.

3. A Civil Company :

A civil company can be formed as a civil partnership in accordance with the Federal Civil Transactions Law No. (5) of 1985 with its amendments. Non-profit organisations may not form a professional company, however they can form as a non-profit organisation under the Not For Profit Corporation Act 2005.

4. Branch Office :

  • A Branch of a Free Zone Establishment (FZE)
  • A Branch of a Free Zone Company (FZCO)
  • A Branch of an L.L.C. (covers all Limited Liability Companies in UAE)
  • A Branch of a Sole Establishment based in the Emirate of Dubai
  • A Branch of a GCC Company
  • A Branch of a Foreign Company

Benefits to business establishment at Dubai Techno Park :

  • 100% foreign ownership of industrial units in case of branch of a foreign or a free zone company
  • Rate of corporate taxation: 0%
  • Profits and capital may be brought home.
  • No limits on currencies
  • There are no limitations on employing foreign workers
  • Lease that is for a period of up to 15 years
  • Infrastructure of the highest caliber and single-window clearance

Dubai Techno Park :

Establishing a Business in Dubai.

Do you need to open a company in Dubai Techno Park or setup your business in Dubai? Call us now and we will provide you with the information required to start your business in Dubai.