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Dubai Techno Park

Dubai Techno Park

Dubai Techno Park is an information technology park established in 2002 in Dubai. The purpose of Dubai Techno Park is to advance the technological development within the commercial zone. This tech-hub is a free trade zone and acts as a home for various MNCs dealing in the field of technology, innovation and tech-research. 

 

The whole development covers an area of 21,000,000 sq.m. (230,000,000 sq. ft.) of land, about 30% of which is open space areas. Dubai Techno Park is an industrial complex, located in the heart of Dubai’s industrial zone, Jebel Ali.

 

Currently, Dubai Techno Park is home to some of the world’s most high-profile companies specializing in technology, oil, gas and petrochemical industry and other industries, which makes Techno Park one of the largest industrial hubs in the Middle East.

Types of company formation within DTP - Dubai Techno Park:

1. A Limited Liability Company:

The number of shareholders should be two to fifty. The liability of the shareholders is limited to their share participation in the capital, however, at least 51% should be owned by a UAE national.

 

2. A Sole Establishment:

Sole establishment should be owned by a sole owner who is liable for all the establishment liabilities. The owner must be a GCC or UAE national.

 

3. A Civil Company:

For activities involving the use of professional skill acquired by education and experience in a specific field such as business consultancy, a civil company can be formed as civil partnerships in accordance with the Federal Civil Transactions Law No. (5) of 1985 with its amendments. Professional companies may be 100% foreign owned.

 

4. Branch Office:

A Branch of a Free Zone Establishment (FZE).

A Branch of a Free Zone Company (FZCO).

A Branch of an L.L.C. (covers all Limited Liability Companies in UAE).

A Branch of a Sole Establishment based in the Emirate of Dubai.

A Branch of a GCC Company.

A Branch of a Foreign Company.

Business benefits of setting up a company within Dubai Techno Park:

Dubai Techno Park – Company Formation in Dubai

Just like any other country, for a business setup in Dubai, you need documentation and approvals from several government departments and ministries.

 

We’ve been setting up businesses in Dubai Techno Park since 2000, so not only do we know what works, we know who to speak to, how to reduce set-up and everything one business man must know about approval periods. Each year we strive to offer an extensive range of solutions that are both practical and cost-effective.

 

If you need information regarding the legislation related to opening a company in Dubai Techno Park and details on starting a business in Dubai, our local advisors are happy to assist you.

 

We look forward to doing business with you!

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