Dubai
Techno Park is a territorial unit in the Emirate Dubai with a special economic
status, which provides the international business with the number of
competitive advantages and public benefits in the field of taxation and customs
levies. The Dubai Techno Park (DTP) economic zone was created in the middle of
2007. The main purpose of this specialized economic zone is to involve talented
and highly qualified professionals, and to stimulate the development of the
following economic sectors:
- Various
technological developments;
- National oil and
gas sector and related new technologies;
- Industrial
engineering and transport logistics;
- State health care
system and the development of the new sectors;
- Water management
and infrastructure tasks.
The
residence and work of the hundreds of thousands of professionals from around
the world is planned on the vast territory.
State initiative and strategic goals:
It is worth
noting that the project is implemented under the auspices of the Government of
the Emirate. At the request of the authorities of the Emirate, the DTP Free
Zone is an ideal platform for the creation of the most advanced technologies,
it is the place, where the most unusual ideas can come to life. The strategic
location of the Emirate and the perfect commercial infrastructure open the
unlimited opportunities and access to the new markets.
The goal of
the Governmental project Dubai Techno Park in UAE is to provide adequate and
favorable conditions for increasing the volume of direct investments into the
national economics. In particular, the investment projects include the
development of such industries as healthcare, water supply and desalination,
engineering, power engineering and transport logistics. It should be noted that
the growth of the direct investments into the manufacturing, development and
implementation of innovative technologies in these sectors is increasing
annually.
DTP Economic Zone- main types of activities:
The
infrastructure and technical possibilities of the DTP Free Zone will be
effective for the following types of activities:
Water management
Water
remains the one of the main resources for mankind; especially, the problems of
drinking water in the Middle East, with the prevailing arid climate, are
essential. The implementation of the project helps to provide the local
population of the UAE with the sufficient supply of quality water.
Health care system
The Dubai
Emirate is known worldwide for the high quality of life, and it also applies to
the health care system. The government intends to maintain the high status of
the national health care system, and develop it actively. The necessity of the
investments in this sector is primarily caused by the rapid growth of
population of the Emirate Dubai.
Power engineering
The
government of the Emirate understands that the natural resources are limited
and the time when they will be exhausted will come. Therefore, the investments
in UAE into the research and development of the alternative energy sources are
attracted. In addition, the advanced technologies created on this platform can
be used in the other economic sectors, in research, construction and etc.
Industrial engineering
This type
of activity involves researches in the field of national industry. Here the
strategic goals are not only the development and promotion of the industrial
sector, but also an international cooperation, integration and merging of the
separate projects. The main emphasis is on the innovative nanotechnologies,
which allows to create a competitive materials and technologies.
Transport logistics
For the
Dubai Emirate the issues of transport logistics are essential. The Emirate is
considered more and more as an effective base and distribution center for air
and sea freights. Today, on the territory of the Emirate, all the necessary
resources and infrastructure for providing the uninterrupted delivery of cargo
to any point of the globe, including effective solutions in the sphere of
logistics and storage facilities, are available.
Services for entrepreneurs and investors
Speaking
about the services for potential investors, first of all the modern and
developed urban infrastructure should be noted. The creation of the number of
catering facilities, restaurants and cafés, food courts and bistros is planned on
the territory of the DTP Free Zone.
Investors
are offered the land for commercial and social development. The construction of
schools and universities, residential and commercial complexes, hotels and
entertainment venues is presumed. The entrepreneurs will be able to use the
office premises and business centers, equipped with the modern means of
communication and necessary utilities. There will be available the rent the
shopping and commercial premises and etc.
State business licensing and forms of the companies:
Each
company, registered in the economic zone Dubai Techno Park, will need to obtain
the appropriate business license for legal economic activity. It is important
to note that the license is valid only on the territory of the Free Zone and is
renewed every year. The procedure of company registration and issuance of the
business licenses is simplified to the maximum, so it does not require a lot of
time and extensive financial costs. The issuance of the following types of
business licenses is presumed:
- Industrial business
license (manufacturing, prepackaging, packaging of certain products);
- Trade business
license (export, import, storage and distribution of certain goods);
- Professional
business license (carrying out certain professional activities).
Accordingly,
the registration of the following legal forms of international companies is
accepted on the territory of the Free Zone Dubai Techno Park :
- Limited Liability
Company: a legal form, which has the limited liability of the shareholders of
the company;
- Sole Establishment:
company with a commercial or industrial type of activity;
- Representative
office or a branch of already operating foreign company.
Registration
of the international company in the DTP jurisdiction ensures the following
competitive advantages:
- No need to involve
a local partner and 100% foreign ownership of a company is allowed;
- No restrictions on
the distribution of the income and withdrawal of the investment assets outside
the jurisdiction;
- Opportunities for
involvement the foreign manpower reserves;
- Tax and customs
benefits for business.
- The
registration / incorporation of the company in the UAE can take 1-2 weeks.
Every entrepreneur can count on the individual approach and a complete absence
of bureaucratic barriers.
