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Established in the year 2002, Dubai Techno Park is a free zone that was developed with the aim of enhancing technological development in Dubai. It is a free trade zone and has served as a fortune platform for various MNCs dealing in technology, innovation and tech research. The tech hub is one of the biggest industrial complexes in the Middle East.
The number of shareholders required to form a limited liability company should be two to fifty. The liability of the shareholders of an LLC is limited to their shares in the company’s capital. However, at least 51% of the LLC should be owned by a UAE citizen.
A Sole Establishment in the DTP should be owned by a sole owner who will be responsible for all liabilities of the business. Furthermore, the owner of the sole establishment should be a GCC or UAE national.
A civil company is formed when the inherent activities of the business involve the use of professional skills acquired by education and experience in a specific field. This type of establishment can be registered as a civil partnership as per the Federal Civil Transactions Law No.( 5), 1985, with its amendments.
A company is permitted to set up its branches in Dubai Techno Park if it is a : - Free zone company - Free zone establishment - Limited liability company - Sole establishment - Foreign company - GCC Company
One of the pre-eminent companies for business setup in Dubai, Global Biz Setup is known to bend over backwards for offering complete assistance to its clients in Dubai Techno Park. At Global Biz Setup, we work with passion and allegiance toward providing state-of-the-art facilities to entrepreneurs planning to commence a business venture in Dubai. Schedule an appointment with our experts to get the process started.