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Dubai Biotechnology and Research Park (DuBiotech)

Dubai Biotechnology and Research Park (abbreviated DuBiotech) is a new development in Dubai to attract biotechnology research and development in the emirate. Dubai Biotechnology and Research Park (DuBiotech) was officially launched by Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai in February 2005, under the vision of Dubai in 2010 to create a knowledge-based economy. This park is now the world's first dedicated Free zone to the life sciences industry. The company is a subsidiary of the Government of Dubai holding company, Dubai Holding. DuBiotech is a center for the strengthening of cooperation and innovation through its commitment to life science research, education and industry at national and international levels.
DuBiotech, when completed, will cover 30 million square feet (2.79 million sqm) built-up area. It is strategically located in the prestigious area of ​​Dubai between the current Dubai International Airport (DXB) and the new Dubai World Central International Airport (JXB) which, upon completion, will be the largest airport in the world. The park is divided into zones, which are designed for a variety of initiatives, including research and development, manufacturing, and commercial premises. Phase 1 of DuBiotech plans include the headquarters completion named "Bio-HQ", recent receiver of the American Institute of Architects Honor Award for the design and stability, and a large range of laboratory scale, with the name 'nucleotide complex, housing requirements of laboratory research oriented companies. All the buildings in the park will be built to support the stringent requirements of the research and development, and must be LEED-certified green buildings.
A mixture of incentives that creates DuBiotech provides a unique business environment for companies to start in the park. In addition, with the tax-free environment, DuBiotech already attracted key players from the pharmaceutical and biotechnology industries, as well as businessmen, drug manufacturers, and industry business support services. DuBiotech 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. All companies located in DuBiotech are regulated by international standards rules. 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.
DuBiotech active construction of branches and alliances with distinguished universities, specialized hospitals, the world governing bodies and other research parks to tie DuBiotech community with the global biotechnology industry. Companies registered in the park or under it offer a unique bouquet of commercial benefits and incentives as a result of their free zone status.

This includes: 100% foreign ownership, 100% repatriation of profits, 100% tax exemption, easy integration with minimal formalities, the division of public services (including registration, fast track immigration and customs procedures), the long-term land lease, guaranteed 50 years exemption from personal, income and corporate taxes, modern IT and telecommunications infrastructure.
DuBiotech company covers the following industry segments: pharmaceuticals, food, agriculture, laboratory research, biotechnology, supply and manufacture of medical devices, biotechnology, medicine, industry, environment, Equine / Animals / Marine, pharmaceutical, nutraceutical,
In addition, the Free zone may register companies providing related services, such as restaurants, shops, laundry and more.

Services:
Dubiotech is a structure that gather 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).


Licences:
• 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
• Branch 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

Registration procedure
The minimum share capital for companies such as FZ-LLC is 50,000 dirhams. For companies engaged in production activity minimum share capital of 300,000 dirhams. To register a branch, the authorized capital is required. Registration period is 2-3 weeks.

Read 2701 times Last modified on Saturday, 02 March 2013 21:40
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