Dubai Biotech Research Park – advancing the business of science
The Dubai Biotechnology and Research Park is a science and Business Park dedicated to the biotechnology and pharmaceutical industry and is model on the free zone concept.
A member of Dubai Holding, Dubai Biotech Research Park will accommodate the biotechnology industry and facilitate government-funded R&D. Dubai Biotech ’s world-class infrastructure includes facilities and services for incubators, R&D labs, biotech-related educational and research institutions, manufacturing as well as organizations from supporting and convergent industries.
Dubai Auto Zone established with the objective of re-exporting cars to the Asian and African region where demand continues to grow.
‘Dubai Biotech’ accommodates the entire life sciences value chain by providing essential facilities, investing in infrastructure and fostering industrial, academic, commercial and residential projects
It offers a unique business environment with advanced infrastructure, support services, freedom of capital movement, tax-free income and easy access to different markets. The park incorporates tailored facilities that include bio headquarter towers, a nucleotide lab complex and warehousing facilities to support a growing body of research, development, manufacturing, distribution, and services. Dubai Biotech, which is actively building affiliations and alliances with distinguished universities, specialist hospitals, and world regulatory bodies, fosters companies including global leaders like Pfizer, Amgen, Merck Serono, and Genzyme.
A mixture of incentives that creates Dubai Biotech Research Park provides a unique business environment for companies to start in the park. Also, with the tax-free environment, Dubai Biotech already attracted vital players from the pharmaceutical and biotechnology industries, as well as businessmen, drug manufacturers, and industry business support services. Dubai Biotech offers the necessary infrastructure for companies in the life sciences, including hazardous waste; customs support logistics and distribution activities, as well as centralized facilities for research and development work. International standards rules regulate all companies located in Dubai Biotech. Additional suggestions include ensuring the future presence of Life Sciences University graduates programs and BioTiqania, Institute of Continuing Education for scientific training courses and certifications. Dubai Biotech actual construction of branches and alliances with distinguished universities, specialized hospitals, the world governing bodies and other research parks to tie the Dubai Biotech community with the global biotechnology industry. Companies registered in the park or under it offer a unique bouquet of financial benefits and incentives as a result of their free zone status.
Free zone Benefits:
- 100% foreign ownership
- 100% repatriation of profits
- 100% tax exemption
- Easy Integration with minimal formalities
- The long-term land lease guaranteed 50 years exemption from personal, income and corporate taxes
- modern IT and telecommunications infrastructure
Activities Include:
Pharmaceuticals, food, agriculture, laboratory research, biotechnology, supply and manufacture of medical devices, biotechnology, medicine, industry, environment, nutraceutical. Besides, the Free zone may register companies providing related services, such as restaurants, shops, laundry and more.
Services:
Dubai biotech is a structure that gathers in one place everything needed for the operation and development of companies in the field of biotechnology. A unique world-class laboratory facilities area of 256 000 square feet and 25 warehouses area of 5 000 square feet each, offices and land for development. All buildings on the territory of the free zone are certified LEED (The Leadership in Energy & Environmental Design).
Licenses:
Research activities
- Marketing
- Industrial activity
- Warehousing
- Import and Re-export
- Consultancy
- Service activities
- Community organizations
Types of companies:
- FZ-LLC (New Incorporation of a Free Zone Limited Liability Company)
- Branch of a foreign company
- Department of a local company
Terms and conditions:
- 100% foreign ownership of capital
- Self-distribution of profits and capital
- Full exemption from taxes for 50 years
- No customs duties on goods and services