Overview
Launched by Sheikh Mohammad bin Rashid Al Maktoum in 2005, the Dubai Biotechnology and Research Park (DuBiotech) is the first free zone established specifically for life science technique development and research. The Dubai Biotechnology and Research Park (Dubai Science Park), which is modeled after the idea of a free zone, is a research and business park devoted to the science, biotechnology, and pharmaceutical industries.
The Science Biotechnology industry will be housed in Dubai Science Park, a subsidiary of Dubai Holding, which will also support government-funded R&D. The world-class infrastructure of Dubai Science Park offers services and facilities for incubators, R&D laboratories, educational and research institutions associated to Science Park, manufacturing, as well as organizations from supporting and convergent sectors. By providing essential facilities, investing in infrastructure, and supporting industrial, academic, commercial, and residential initiatives, “Dubai Science Park” supports the whole life sciences value chain. Dubai Biotechnology & Research Park permits total foreign ownership is one of its major benefits. Additionally, it provides a distinctive business environment with cutting-edge infrastructure, support services, freedom of capital movement, tax-free income, and simple access to many markets. To serve an expanding body of research, development, manufacture, distribution, and services, the park comprises customized infrastructure, such as bio headquarter towers, a nucleotide lab complex, and warehouse facilities. Global giants including Pfizer, Amgen, Merck Serono, and Genzyme are supported by Dubai Science Park, which is aggressively forming connections and partnerships with prestigious institutions, specialized hospitals, and international regulatory authorities.
Benefits of setting up a business in (Du Biotech)
100% foreign ownership
100% repatriation of profits
100% tax-free operations for 50 years
One-stop for government services
Long-term lease facility with a minimum lease of 15 years
Partners can avail easy company incorporation
Special customs exemptions
Fast-track visa services
Activities Include
Pharmaceuticals, food, agriculture, laboratory research, Science Biotechnology, supply and manufacture of medical devices, Science Biotechnology, medicine, industry, environment, nutraceutical. In addition, the Free zone may register companies providing related services, such as restaurants, shops, laundry and more.