Dubai Silicon Oasis Free Zone Company Setup

Dubai Silicon Oasis Free Zone

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DUBAI SILICON OASIS FREE ZONE

What is Dubai Silicon Oasis Free Zone

Established by the Dubai Government in 2004, Dubai Silicon Oasis Free Zone is a leading integrated innovation hub located in the Middle East. This integrated park is an ideal destination for technology-based industries including IT, electronics, research and development. So whether you are a new entrepreneur or an investor looking for a destination for company formation in Dubai, DSO would be the perfect fit.

Benefits of Company Formation in Dubai Silicon Oasis Free Zone

As with company formation in UAE, Dubai Silicon Oasis company setup brings a host of advantages. This includes 100% foreign ownership, which means foreign investors can have complete ownership of their company without the need for a local partner.

Businesses here also benefit from 0% tax law, meaning entrepreneurs don’t have to pay and personal or corporate tax on their income. Moreover, they can freely repatriate their earnings without any restrictions.

DSO is replete with modern infrastructure and world-class facilities which makes establishing a company and even living there seamless and enjoyable. The presence of the best and most spacious residential apartments, schools, recreational facilities and hospitals makes it an ideal destination for everyone – employers, employees and their dependents.

You can also easily access and recruit a skilled workforce for your company as experienced and talented individuals worldwide work here.

Process of Company Formation in Dubai Silicon Oasis Free Zone

The process of Dubai Silicon Oasis company setup involves several key steps, which are described below:

Decide on the business activity you would like to initiate, along with the company structure that suits your business. DSO offers different licenses such as trading, service, industrial and business operation permits. Choose the one the license that suits your business activity.

Gather and submit the required documents along with the duly filled application form.

Documents may vary depending on your company structure, license requirement and business activity. However, typical documents would include a comprehensive business plan that has all the details about your business model, financial projections, operational strategies and market analysis.

You need to submit the Memorandum of Association (MOA) and Articles of Association (AOA), passport copies, passport-size photographs of your company’s shareholders and directors and their bank statements to ascertain their residential addresses.

You may also need to submit a bank reference letter to check your financial standing and a No Objection Certificate from your employer, in case you are presently in the UAE.

Once you have all the documents submit the application form along with the documents and wait for the initial approval. Post the initial approval, you will need to proceed with further steps which include leasing an office.

Now submit the lease agreement to the DSO authority, who after verification will issue you final approval. You will receive the business license for operating in the DSO legally.

What are the key cost components of Company Formation in Dubai Silicon Oasis Free Zone?

The cost of company formation in the UAE depends on several factors including the business type, business structure and office space. Below is the breakdown of key components you should consider when setting up a company in DSO.

Company formation, Dubai with Corpin Consultants

The process of company formation in Dubai though seamless involves careful planning and

execution. Hence, the team with us at Corpin Consultants, the best business setup consultant in Dubai. With years of experience and expertise in this industry, we can help you realize your dream company in Dubai.

From documentation to office leases and bank account openings to visas, we provide an end-to-end setup process at a cost-effective price point. We also offer post-setup support such as time-to-time renewal of licenses and other agreements, conveying you about any changes in the law so you can focus on driving your business smoothly. So what are you waiting for? Get started on setting up your tech-related business in the flourishing Dubai Silicone Oasis. For more details on how we can help you, get on a call with us today!