The Dubai Techno Park (TP) Free Zone was inaugurated in the year 2002. The Dubai TP is completely dedicated to developing technology and innovation.
The Dubai Techno Park is located in Dubai’s Jebel Ali Industrial Zone. It covers an area of more than 21,000,000 square meters. About 30% of the total area of Dubai TP is an open space area.
There are three types of licenses available at the Dubai TP free zone. Here is the breakdown of the license categories:
Industrial License
The industrial license allows companies to produce technological products at Dubai TP free zone
Trading License
The trading license enables business entities to import and export technology-related goods and services
Professional License
A professional license is needed when a company wishes to set up technology-related professional services in the Dubai TP free zone.
The idea behind the Dubai TP is to enhance technological development in Dubai. Dubai TP is a great place for both local and foreign investors to invest their fortune in the development of modern technology and infrastructure.
Dubai Techno Park is a part of the Economic Zone World. The Economic Zone World works under Dubai World, which is one of the biggest holding companies across the globe.
The infrastructure developed in the Dubai TP is state-of-the-art. This is why numerous technology companies have started functioning in it.
The technology companies based in the Dubai TP will grow the economy of Dubai. Moreover, it will promote technology developing activities in Dubai. People will use more and more technology developed at Dubai Techno Park.
It provides a great platform for different companies to develop and invent newer technologies. The homegrown technology will help to improve the lifestyle of the citizens of Dubai.
Dubai Techno Park has the status of a free zone. As a result, companies specializing in different fields have started their businesses in Dubai. Some of the types of companies that are based in the Dubai TP free zone are oil and gas companies, petrochemical corporations. Besides, large technology firms are also benefitting from the flexible environment of the Dubai TP free zone.
Dubai Techno Park is one of the biggest industrial zones in the Middle East.
Important Attributes of Dubai TP
Dubai Techno Park is also known as National Industrial Park.
- Stretches over 21 million square meters
- Dedicated 30% open space area
- Brings large technology companies under one roof
- Housing facilities for more than 60,000 inhabitants
- Employment opportunity for around 133,000 people in Dubai
- Promotes research and development of new technologies
- Envisions improvement for the future
- Ensures continuous economic progress
Focus Areas of Dubai TP Free Zone
- Development of new technologies
- Promoting sustainable industrial development
- Increasing socio-economic knowledge
- Effective water resource management
- Creation of environment-friendly alternative energy sources
- Increase environmental protection
Parts of Dubai Techno Park Free Zone
Dubai Techno Park is designed in a way that offers a friendly environment to the people working in it.
The procedure to set up a business in Dubai TP free zone is easy. The steps which lead a company to set up its business in Dubai TP free zone are mentioned below.
Starting a business in Dubai TP free zone is not only simple but it also offers huge benefits to the companies. Some of the benefits are mentioned below.
Complete foreign ownership
No corporate tax
No currency restrictions
Complete repatriation of profits
Easy process to hire foreign workers
15 years of lease agreement
One window operation of official services
Around the clock visa services
Multiple entry points in Dubai Techno Park
Easy access to Jebel Ali Airport
Super easy access to seaports
The companies operating in DAFZA follow the same rules and regulations for licenses as Free Zone. There are 4 types of available licenses, with the option to hold dual licenses as well depending on the nature of the business and its requirements.
Limited Liability Company
A company with 2 to 50 shareholders having a minimum worth of AED 300,000. A local sponsor must own 51% share of this company
Sole Establishment
A company owned by a Gulf Cooperation Council (GCC) native
Civil Company
A company established according to Federal Civil Transactions Law No. 5 of 1985. These companies may be completely owned by foreign nationals
Branch Company
- Free Zone Establishment
- Free Zone Company
- Limited Liability Company
- Sole Establishment
- GCC Company
- Foreign company
At this point, it is evident that Dubai Techno Park is one of the best places to invest a fortune. The Dubai TP free zone is designed in a way to provide easy access to airports and seaports. The infrastructure of this free zone provides businesses a healthy environment to flourish. The technological infrastructure here is world-class. It enables companies to innovate and work on new technologies. The technologies developed at the Dubai TP free zone are already changing the world for good. We at MKB Leaders HUB provide the best services for free zone company formation. Contact us via our Whatsapp # 971-54-5821012 or fill this form to send an email.
