Set up a Business in the Dubai Silicon Oasis
Established in 2004, Dubai Silicon Oasis offers a great environment for businesses to proliferate in the fast-growing high-technology industry of Dubai. It has now become much easier for entrepreneurs belonging to the technology sector to company set up Dubai Silicon Oasis. DSO is a free zone exclusively established to facilitate both budding and seasoned tech entrepreneurs and investors to realize their dreams of transformation and innovation.
Owned by the government of Dubai, Dubai Silicon Oasis Authority is a technology park offering world-class infrastructure. Many business incentives to firms operating within the free zone.
Types of Company Formation in Dubai Silicon Oasis:
Branch Company
This type of company formation in the UAE is most suitable for organizations that already exist outside of Dubai. Foreign company owners can set up a branch in Dubai, Silicon Oasis. Benefit from the city’s dynamic business environment without requiring any share capital.
Free Zone Establishment (FZE)
Registering a company in DSO as an FZE (Free Zone Establishment) is an ideal choice for those who wish to go solo. An FZE doesn’t require any shareholders, one single shareholder is enough. Below are some financial requirements to register an FZE:
- A minimum capital of AED 100,000.
- Any additional capital should be in multiples of AED 10,000
Free Zone Company (FZCO)
An FZCO is one of the most widely registered types of company formation in the Dubai Free Zone and requires a minimum of two shareholders. These shares can be owned by an individual or a company.
Below are some financial requirements to register an FZE in DSO:
- A minimum capital of AED 100,000 requires
- Each share should be equal to or a multiple of AED 10,000
Types of Licenses in Dubai Silicon Oasis:
Choosing the right license that covers all the activities of your business is important. Those wishing to start a company in Dubai Silicon Oasis, have the option to choose from 3 types of licenses. These licenses should be chosen depending on the kind of activity your business expects to carry out.
Please note that the branch companies are required to conduct only the activities that the parent company already carries out, no additional activity can be added.
Trade License
A trade license is required for those investors who wish to import, export, and distribute product lines, as specified in the license.
Service License
Investors who wish to operate a specific service business in DSO must obtain a service license.
Industrial License
This requirement is for those who wish to carry out industrial activities such as importing raw materials and manufacturing, assembling, packaging, and exporting the finished products.
List of Documents for Dubai Silicon Oasis
There are several documents one must submit to start a company in the Dubai Silicon Oasis, including:
- An application form
- Letter of intent
- A business plan
- Company profile and brochure
- Annual audited financial report of the organization or a 6-month bank statement of the shareholder(s)
- Each shareholder’s original bank reference letter
- CV and passport copy of the shareholder
- CV and passport copy of the manager
- A No-Objection Letter from the sponsor, if it’s a UAE-based company
Following submission and approval of those documents, the investor can get the license within five business days and company formation in Dubai Silicon Oasis will begin.
About Dubai Silicon Oasis Company Setup Cost:
Business startups in the Dubai Silicon Oasis (DSO) free zone start at 15,000 AED.
Benefits of Dubai Silicon Oasis Business Setup:
Registering a company in a top-tier city like Dubai comes with many benefits; some of which are:
- One major benefit of business setup in DSO is that there is no need for a local sponsor to register a company, and the investor has 100% ownership and 100% repatriation on capital and profits.
- Those who wish to start a business in the UAE can have a great lifestyle as the UAE offers high-quality infrastructure and a wide range of shopping, hosteling, and entertainment options.
- Investors can benefit from fast-track Silicon Oasis business setup and licensing.
- Companies registered with DSO are provided with dedicated business support services.
- The strong economy of Dubai provides an opportunity for the expansion of its customer base and international presence
- DSO offers avant-garde IT infrastructure and facilities that all the businesses registered under the Dubai Silicon Oasis Free Zone can benefit from
- Those who opt for a business setup in Dubai enjoy 100% tax exemption on
- Corporate and personal income
- All imports and exports.
Entrepreneurs and investors should work with a respectable business setup consultancy in Dubai to take advantage of the advantages of company setup in DSO. Business setup consultants assist investors in obtaining the necessary licenses and running their businesses effectively.
Business Link’s team of dedicated business setup consultants in Dubai makes the business setup process a breeze for both, seasoned and aspiring entrepreneurs. From helping you apply for the right license to creating a feasibility study and a business plan, our reputable business consultants will help you at every step of starting a company in Dubai Silicon Oasis.
