Free Zones in the UAE - PKF International

TP is focused on Research, Development and Studies in the field of the country’s
core economic sectors viz Energy including Oil and Gas, Desalination and Water
Resource Management, Environmental Resource Management and hi- technology
driven knowledge based industrial development. The Park’s R & D initiatives focus on
nurturing business ideas or new technologies in respective areas and are also directed at
improving the existing technologies in the country’s core economic sectors to enhance
their production efficiencies.
TechnoPark is the official UAE and Middle Eastern representative of the IASP
(International Association of Science Parks) and a member of the IDA (International
Desalination Association). TechnoPark joins inventors with investors and encourages
new ideas to be developed to further increase the awareness and commitment of the
UAE in areas such as Oil, Solar Energy and Water reuse.
TP actually followed the local rules and regulations of the Emirate of Dubai and
is consequently involved with and related to various concerned authorities and
departments through a one stop shop (OSS) concept. However, TP also allows branches
of Free Zone Establishment (FZE) or Free Zone Companies (FZCO) to be established in
the park, thus the branch of the FZE or FZCO can enjoy the benefits of being a 100%
foreign owned company.
Features
• 100% foreign ownership.
• The freedom to repatriate both capital and profits.
• Abundant inexpensive energy supply.
• Efficient transport and distribution facilities.
• One Stop Services.
• TP is different from other Free Zones as it provides the best of both worlds ie TP is a
local economic zone with additional privileges similar to those of the Free Zones.
Forms of registration
• Limited Liability Company (commercial/ industrial)
• Branch of a Free Zone Establishment (FZE)
• Branch of a Free Zone Company (FZCO)
• Branch of a local and Foreign Company
26 PKF - Free Zones in the UAE - Free Zones in Dubai