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SRTIP Free Zone Company Setup
SRTIP Freezone company setup combines affordability with access to world-class research facilities, cutting-edge labs, and a genuine innovation community. With costs starting from AED 9,000 and company formation completing in 5 to 10 days, SRTIP offers tech entrepreneurs and research-based businesses the perfect launchpad for innovation ventures.
AED 18,000
Starting Cost
3
Visa Quota
5–10
Working Days
100%
Ownership
Why Choose SRTIP Free Zone for Business Setup?
SRTIP is not a typical free zone. It was created to bring together universities, research centers, innovators, global companies, and emerging industries in one connected ecosystem. Businesses working in technology, clean energy, advanced manufacturing, digital transformation, and creative sectors find everything they need here.
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Speak with our DAFZA specialists for personalized advice on your business setup.
Business Legal Structures in SRTIP Free Zone
Your choice of legal structure affects liability, ownership arrangements, and operational framework.
Free Zone Establishment (FZE)
FZE structures suit single-shareholder companies. If you’re a solo founder launching your tech venture, FZE provides straightforward structure with complete control. This is common for individual entrepreneurs and single-owner startups in SRTIP.
Free Zone Company (FZC)
Multiple shareholders need FZC structures accommodating two to fifty shareholders. This works for co-founded startups, partnerships, or investor-backed ventures. Clear shareholding arrangements support collaborative business models common in tech ventures.
Branch Office
Existing technology companies can establish branch offices in SRTIP, extending operations to the UAE without creating separate entities. This suits established international tech companies expanding to regional markets.
SRTIP Free Zone License Types
SRTIP Free Zone supports a wide range of business activities. Whether you are setting up a consulting service, trading company, industrial unit, or e-commerce platform, there is a license type that fits your needs.
Service License
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For consulting, marketing, IT services, business support, educational services, and professional activities.
Trading License
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For the import, export, distribution, and trading of goods globally.
Industrial License
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For manufacturing, packaging, 3D printing, smart manufacturing, and production activities.
E-Commerce License
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For online marketplaces, digital stores, and internet-based businesses.
Freelancer Permit
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Perfect for professionals, creators, trainers, and consultants working independently.
Cost of Business Setup in SRTIP Free Zone
SRTIP is known for offering cost-effective company formation packages, especially for startups and innovation-led businesses. Here are the official pricing options:
Silver Package
- 1-year license
- Choice of activities (Service, Trading, E-Commerce)
- Business consultation
- Document preparation & submission
- Company registration
- Basic compliance support
Gold Package
- Flexi-desk facility
- Establishment card
- 1 visa allocation
- Emirates ID assistance
- Immigration file opening
- Bank account assistance
Platinum Package
- Multiple visa allocations
- Corporate tax registration
- VAT registration
- Accounting & bookkeeping
- ESR, UBO, AML compliance
- Annual license renewal support
- Immigration & labor services
- Complete business management support
Documents Required for SRTIP Company Setup
Proper documentation ensures smooth processing without delays.
For Individual Shareholders:
- Passport copy valid for at least 6 months
- Visa page copy showing current immigration status
- Emirates ID if you’re a UAE resident
- Passport-sized photos on white background
- Personal Information Sheet or Application Form
- 3 name choices for your company
- Proof of residential address
- Business plan outlining your innovation focus
Additional Requirements
- Detailed business plan emphasizing research, technology, or innovation aspects
- Technical qualifications or expertise relevant to your activities
- Description of R&D or innovation activities planned
For Corporate Shareholders:
- Certificate of incorporation or trade license
- Memorandum of Association outlining company structure
- Board resolution approving SRTIP venture
- UBO (Ultimate Beneficial Owner) list with complete details
- Incumbency certificate showing current directors
- Audited financial statements
- Good standing certificate
- All corporate documents properly attested
SRTIP vs Other Free Zones: Making the Right Choice
Understanding how SRTIP compares to alternatives helps you decide if it’s the optimal choice.
SRTIP offers unique advantages for research, technology, and innovation businesses. The specialized facilities, innovation focus, and supportive ecosystem don’t exist in general-purpose free zones. If you’re building genuine tech innovation or conducting research, SRTIP provides infrastructure and community that generic free zones can’t match.
The cost-effectiveness combined with sophisticated facilities creates exceptional value for tech startups and research businesses. You get innovation infrastructure at prices comparable to basic free zones.
However, if you’re not genuinely focused on technology, research, or innovation, SRTIP might not be the best fit. General trading companies, conventional service businesses, or companies without real innovation focus should consider alternatives better suited to their activities.
Incorpyfy assesses your business honestly. We recommend SRTIP when it clearly benefits your innovation activities, or suggest alternatives when they better match your business model.
SRTIP Free Zone Bank Account Opening Assistance
Opening a corporate bank account in the UAE becomes easier when your company is registered in the SRTIP Free Zone. The free zone is trusted by major local and international banks because it supports innovative, research-driven, and compliant businesses. With our guidance, founders get clear direction, faster approvals, and full preparation before submitting their applications.
Top Banks Working with SRTIP Companies
- Emirates NBD
- Mashreq
- FAB
- RAKBank
- ADCB (Abu Dhabi Commercial Bank)
- Wio Bank
- Sharjah Islamic Bank
Required Banking Documents
- Company formation documents (license, MOA, share certificates)
- Passport, visa, and Emirates ID copies of all shareholders
- Business plan describing proposed activities
- KYC and due diligence forms
- 6-month bank statements (if applicable)
- UBO declaration
- Corporate documents if the shareholder is another company
The SRTIP Company Formation Process Timeline
Understanding the formation process helps you plan effectively and prepare proper documentation.
Day 1-2: Application and Initial Review
Submit your complete application, including all required documents and initial payment. SRTIP processes applications, verifies documentation, and conducts preliminary checks on shareholders and proposed activities.
Incorpyfy prepares applications thoroughly, ensuring all documentation meets SRTIP requirements before submission. This preparation prevents delays from missing information or documentation errors.
Day 3-5: Activity Approval and Name Reservation
SRTIP reviews your proposed business activities, confirms they align with the park’s innovation focus, and reserves your chosen company name. Activity selection is important as SRTIP specifically targets research, technology, and innovation businesses.
Day 5-8: License Issuance and Documentation
With approvals complete, SRTIP issues your business license authorizing specified activities. You receive official company documentation, including a trade license, an establishment certificate, and company registration details.
Day 8-10: Facility Setup and Visa Processing
Select and finalize your office space or lab facilities. Process visa applications for yourself and any employees, including entry permits, medical examinations, Emirates ID applications, and final visa stamping.
Visa allocation depends on your facility size, with flexible options accommodating different business scales from solo founders to growing teams.
Day 10+: Bank Account Opening and Operational Launch
Open corporate bank accounts with bank account opening assistance from Incorpyfy. Complete final operational setup, including system implementations, facility preparations, and team onboarding.
SRTIP’s innovation focus helps banking relationships as banks recognize the park’s serious approach to supporting legitimate research and technology businesses.
Why Choose Incorpyfy for SRTIP Free Zone Company Setup
Selecting experienced partners ensures your SRTIP company formation proceeds efficiently.
SRTIP Specialization and Tech Sector Understanding
Incorpyfy has established numerous technology and innovation companies in the SRTIP Free Zone. We understand the park’s specific focus, what activities align with SRTIP’s mission, and how to position applications for approval.
Beyond procedural knowledge, we understand tech entrepreneurship challenges and structure formations to support your innovation journey effectively.
Fast, Efficient Processing
We streamline documentation and application processes, enabling company formation in 5 to 10 days for straightforward setups. This speed matters for tech ventures where quick market entry often determines competitive advantage.
Our systematic approach prevents delays from incomplete documentation or process misunderstandings that slow formations.
Access to SRTIP’s Innovation Infrastructure
Incorpyfy guides you through accessing SRTIP’s labs, R&D facilities, and innovation resources. We help you understand what facilities are available, how to access them, and how to maximize the park’s infrastructure for your specific needs.
Cost-Effective Setup for Startups
We’ve structured SRTIP packages specifically for tech startups operating on lean budgets. Our standard pricing is transparent and genuinely affordable, recognizing that innovation companies need to conserve capital for product development.
Banking Support for Tech Companies
Tech companies sometimes face banking challenges as banks assess risk differently for innovative businesses. Incorpyfy maintains relationships with banks comfortable with technology and research companies, improving approval success rates.
We prepare comprehensive banking documentation emphasizing your business model’s viability and compliance, positioning applications optimally.
Ongoing Compliance and Support
Beyond formation, we provide accounting and bookkeeping, corporate tax registration and advisory, VAT services when applicable, annual license renewals, and ongoing compliance support. This continuing partnership ensures your tech company maintains regulatory compliance while you focus on innovation.
Getting Started with Your SRTIP Business Setup
Suppose you’re building a technology business, conducting research, or developing innovative solutions in sustainability, renewable energy, or advanced technologies. In that case, SRTIP Free Zone provides the environment and infrastructure to support your success.
Start your SRTIP Free Zone company setup journey today. Contact Incorpyfy and discover how straightforward it can be to establish your innovation business in the UAE’s premier research and technology park with experienced partners who understand both the process and the unique needs of tech entrepreneurs.
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