Dubai Silicon Oasis Company Setup
Dubai Silicon Oasis Authority (DSOA) was established in 2004, is a Free Zone Authority wholly owned by the Government of Dubai, with the mission to “facilitate and promote modern technology based industries, thus supporting the region’s demand for business expansion. Dubai Silicon Oasis (DSO) is a technology park and provides both a living and working integrated community. DSOA provides a full package of incentives and benefits to companies operating within the tech park.
Company Types in Dubai Silicon Oasis
An established company either in UAE or foreign country can open its branch in the Dubai Silicon Oasis. The activity of the branch proposes to conduct in the Dubai Silicon Oasis is required to be identical to the activity conducted by the parent company. There is no minimum required capital to establish a branch.
Free Zone Establishment (FZE):
An FZE is a legal entity and it can be incorporated or registered by a single shareholder. The shareholder can either be an individual or a non-individual/corporate. The minimum required capital to establish an FZE is AED 100,000 represented by one share with any additional capital required to be in multiples of AED 10,000.
Free Zone Company (FZCO):
An FZCO is a legal entity and it can be incorporated or registered with a minimum of two shareholders. Shareholders can be either individuals or non-individuals/corporate. The minimum required capital is AED 100,000 with each share required to be of the value of AED 10,000 or a multiple figure.
Types of License in Dubai Silicon Oasis
Companies looking to set up within in DSO can choose from three types of licenses, which can be selected according to the company’s operational requirements. However, the branch entities are only entitled to conduct activity within the parent company’s activities.
This allows the registered entity to carry out only specified services.
This allows the registered company to practice activities which are related to import, export, and distribution of items and goods as specified in the license.
This allows the registered entity to import raw material, manufacture, and process, assemble, package and export the finished product.
Benefits of Dubai Silicon Oasis Company Formation
- 100% foreign ownership
- 100% repatriation of capital
- Zero income tax
- Zero corporate tax
- No import or export tax
- Low cost of operations
- State of the art IT infrastructure and facilities
- Fast-track business set-up & licensing
- Dedicated business support services
- Access to regional pool of talented technical and engineering professionals
At Business Link we support our clients to select the most appropriate solution and guide them through complete procedures of setting up business in Dubai Silicon Oasis. For more information about the procedures of DSO company formation, Contact us at 00 971 556070118 or Email us to email@example.com.