Dubai Silicon Oasis Company Setup
Shuraa experts will guide through everything with regards to business set up in Dubai Silicon Oasis free zone, license cost etc. without any hassle.
The Dubai Silicon Oasis or DSO free zone is a government-owned free zone jurisdiction under the Dubai Silicon Oasis Authority (DSOA). The free zone is located on the conjoining road from Dubai to Al Ain. It comprises residential, commercial and industrial spaces. Dubai Silicon Oasis Authority, a 100% government-owned free zone that promotes modern technology-based industries with the urban master-planned community, state-of-the-art infrastructure, and in-house business services.
Business setup in Dubai Silicon Oasis free zone offers a well-planned community spread across 7.2 million square metres. The free zone is segregated on the basis of industries, commercialized space, educational institutes, residential and public facilities.
Additionally, company formation in Dubai Silicon Oasis free zone provides a mixed concept that mainly focuses on engaging in business activities related to technology, electronics and engineering sectors. The Government of Dubai aims to promote an innovation-led economy, thus facilitating modern technology-based industries and supporting the region’s demand for business expansion.
This initiative has encouraged the foundation of Dubai Silicon Oasis, which caters to firms providing internet-related business, software technologies, mobile services, etc. ACCTON Technology Corporation Pte. Ltd, ANG Automation Solutions, and Axiom Telecom are some of the leading companies located in the jurisdiction.
Further, Dubai Silicon Oasis Authority envisions the free zone to serve as a technological park that provides an integrated community with a blend of residential and commercial platforms – with the benefits of free zone, adding to the enhancement of the region.
The regulatory body Dubai Silicon Oasis Authority (DSOA), offers state-of-the-art and technologically progressive infrastructure, support with business investments, funding and capital, entrepreneurial support as well as access to expert monitoring and more.
Step by step process of Business set up in Dubai Silicon Oasis free zone
The process of setting up a business in the DSO free zone involves the following steps:
- Submission of the application form
- Pre-approval documents of Dubai Silicon Oasis Authority
- Submission of legal documents and payment of the required fee
- Issuance of e-agreement by the DSOA
- Sign e-agreement and share capital letter (applicable only for FZE and FZCO)
- Issuance of e-license
Legal entities permitted in the DSO free zone
- Branch office
- Free Zone Establishment (FZE)
- Free Zone Company (FZC)
The free zone offers various kinds of facilities for business setup. These include:
- Premium Industrial Units
- Office Spaces
- Work Stations (subject to availability)
Benefits of business setup in Dubai Silicon Oasis
The free zone features advanced communications, connectivity, electricity, and networks. Moreover, Dubai Silicon Oasis is designed as a hi-tech ecosystem technological park offering the best of Dubai free zone company registration, with a plethora of advantages.
Some of the advantages of business setup in Dubai Silicon Oasis free zone include the following:
- 100% foreign ownership
- No personal, income, or corporate taxes
- Full repatriation of capital and profits
- Strategic location boosting opportunities
- Leasing options
- Simple and quick set up process
- Innovative infrastructures
- Exemption from all import and export duties; however, you can’t import into the mainland
Business activities permitted in the DSO free zone
DSO free zone permits various activities to be conducted in the jurisdiction, including:
- Waste Management
The DSO free zone is also one of the few free zones that enables you to combine professional and commercial activities under one license.
DSO free zone license
Dubai Silicon Oasis free zone license cost is economical and simple to acquire. The license packages start from AED 13,900. The various licenses issued by the DSO authorities include:
Dubai Silicon Oasis License Cost
Dubai Silicon Oasis free zone license cost will also vary depending on the package you select for your company formation.
The number of visas that can be obtained by your company will depend upon the size of your office space. The visa cost in Dubai Silicon Oasis free zone is affordable and costs about AED 3,750.
DSO free zone license renewal
The renewal process for businesses in DSO free zone is a highly cost-effective and simple process. You will be required to submit an audit report, starting from the second renewal of your company, on an annual basis.
In order to complete the process of renewal for your company, you will need to pay the renewal fee and submit the signed lease agreement for your facility. An advantage is that your physical presence in the UAE isn’t required for renewal and can be completed through an agent.
Business liquidation in DSO
Similar to renewal, company liquidation also does not need the physical presence of the owner and can be accomplished through an agent. You will be required to pay a government fee to complete the liquidation process.
Company liquidation takes about 1 month to be completed and involves the following steps:
- Cancellation of visas
- Termination of lease agreement
- Closure of bank account
To find out more about the various options for business set up in Dubai Silicon Oasis, contact Shuraa — one of the best business setup companies in Dubai.
Shuraa helps solve your business-related queries and offers you solutions best suited to your company formation in the UAE.
To get started on your business journey and find out more, contact our expert consultants at +97144081900 or send a WhatsApp message to +971507775554. You can also drop in an email at firstname.lastname@example.org and get your queries answered in no time.
FAQ: DUBAI SILICON OASIS FREE ZONE
Yes, you can renew your license remotely using a registered agent with just an authorization letter and renewal fees.
It takes less than a week to get your license to start your business in the DSO free zone.
No, you have 100 % ownership and do not require to have a local partner to start your company.
It is not possible to transfer your company from one free zone to another. You can, however, set up a branch of your existing company in a different free zone.
If you want to have your company in a different free zone, you will be required to liquidate your company in the current free zone and then open your company in a different free zone.
Yes, it is a requirement to have an office space to set up a business in the UAE. There are various options and packages that come with choosing the right office for the right amount to suit your company.