Enpark Freezone

Setup your company in Energy and Environment Park (Enpark) Freezone

Established in 2006 in the center East’s leading business hub Dubai, the Energy and Environment Park (Enpark). Enpark is a member of TECOM Investments Science Cluster situated at Dubai Biotechnology and Research Park widely known as Dubiotech. Enpark constantly engages its business companions in pilot projects and public awareness campaigns in an effort to stimulate the growth of the industry. Examples vary from the solar avenue Lamps, an off-grid utility provided with the aid of Enpark registered employer PTL solar and mild disposal unit.

Enpark intends to provide commercial and property areas, education and leisure centers, and research study centers inside a sustainable community. Business management in Enpark will belong to totally integrated understanding neighborhood offering chances for partnership, networking and an intensive support of group for success. ENPARK will consist of production commercial enterprise with environmentally-friendly meeting line, domestic neighborhoods and retail area, consisting of purchasing, eating, and home entertainment stores. Dubai science Park intends to be the energetic platform of option for organizations to innovate and improve in a genuinely vibrant neighborhood setting.

As Enpark is a freezone so it offers 100% tax-free ownership, full repatriation of profits and capital, no currency limitations, comfortable licensing and registration, speedy visa processing, intellectual property protection.  Enpark organizes industrial events like workshops, trainings etc and focused at professionals, students, and government employees from the industry on the energy and environment applications, features of environment and energy industry are concentrated.

Enpark occupies a location between Al Khail and Emirates road highways. It’s just 10 minutes from Dubai International Airport and 60 minutes from Abu Dhabi. Also, its located 15 minutes from Jebel Ali port for easy imports, exports and logistics operations.

Location:                             Enpark, Dubai

Allowed Activity:             Energy/ Energy Efficiency Equipments /Renewable Energy / Water and Waste Water/ Air and Environment/ Recycling and Solid Waste/ Transportation/ Green Building/ Organic Products and Associations (Non-Profit Organizations)

License available:            Commercial License

Types of entities:            Freezone Limited Liability Company (FZ-LLC), branch office

Share Holder:                    Can be individual or corporate individual

Audit:                                   Audit report not to be submitted to freezone authority

Estimated Time:               5-6 working weeks minimum to obtain trade license

Key Benefits:

  • No corporate tax
  • No personal income tax
  • 100% foreign ownership
  • 100% repatriation of profits and capital
  • Ownership, repatriation, taxation advantage
  • A lot of leasing options starting from small serviced offices known as Business Center which extends up to bigger commercial offices, warehouses and laboratories.

 

Renewal:             Company license has to be renewed on annual basis. Penalty would be charged by authority if renewed after expiry date.