Start Your Business in Dubai Science Park (DSP) with FirstOffshore
Looking to set up your business in Dubai Science Park (DSP)? FirstOffshore provides expert guidance to streamline your company formation process in this world-class life sciences free zone
DUBAI SCIENCE PARK (DSP)
Dubai Science Park aims to play a significant role in Dubai’s Vision 2021 by facilitating a more sustainable and self-sufficient future that maximizes the use of indigenous resources and talent. DSP will achieve this by supporting innovation in the sciences by helping companies utilize cutting-edge technology and information to foster growth and change in the areas of human science, plant science, material science, environmental science and energy science.
Facilities offered in the DSP free zone
Office Space
Laboratories
Business Centres
Warehouses
Plots of land
LICENSE TYPE
- SERVICE LICENSE
- TRADING LICENSE
- INDUSTRIAL LICENSE
PROCEDURES
- All partners will be registered in MYID.
- Trade name will be reserved for the business license (pre-reserved trade name can be used)
- Initial approval will be issued for the business license (pre-issued initial approval can be used)
- Electronic memorandum of association will be issued (Attesting from Notary Public is NOT required)
- Start Business certificate shall be issued with 6 months validity.
Once the customer provides tenancy contract for the business location attested by RERA (Ejari), the trade license will be issued automatically and SMS notification will be sent to the mobile number registered in the license details. The customer can get the license once the fees are paid at any payment channel.
Required Documents for Registering a Company in Dubai Science Park (DSP)
The documentation needed for establishing a business in Dubai Science Park (DSP) varies based on whether the shareholder is an individual or a corporate entity. The fundamental requirements include:
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âž¡ Copy of colored passports for the shareholder/director/manager.
âž¡ Copy of UAE residence visa and Emirates ID for the shareholder/director/manager.
âž¡ CV/Resume of the shareholder/director/manager.
âž¡ Copy of utility bills for the shareholder/director/manager.
âž¡ Business Plan and a No Objection Certificate (NOC) from the current sponsor for the shareholder/director/manager.
DSP (Dubai Science Park)Â Company Setup Process
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The following are the process of setting up a company in Dubai Science Park:Â
- 1. Determine the legal structure for the company to be registered in Dubai Science Park (DSP).
- 2. Choose an activity from the DSP activity list for company formation in the UAE.
- 3. Initiate the process for name selection and obtain initial approval.
- 4. Complete the payment of fees associated with the DSP business setup.
- 5. Sign the necessary DSP company registration and incorporation documents.
- 6. Apply for a DSP residence visa as part of the registration process.