Dubai Silicon Oasis Authority (DSOA) was established in the year 2005 with an aim to promote and facilitate modern technology-based industries. Dubai Silicon Oasis (DSO) is the only free zone in Dubai structured for a living and working community. It is a well-known tech park created to support tech industries, research, development and innovation in order to make UAE a tech hub. The government has invested heavily on founding the infrastructure of DSO to make it ideal for setting up technology companies; DSO features a fibre optic cable network, tier 3 data centre and 8 power stations with a capacity of 1600 MW. DSO is owned wholly by the Government of Dubai, and provides several incentives to companies within it.
Spread across 7.2 square kilometres, DSO has a place for industries, commercial space, education facilities, residences and other public activities. DSO has been designed as a highly developed ecosystem which provides business a handful of advantages including world-class infrastructure, in-house business services which has been attracting companies involved in Semiconductor Manufacturing, Fabless IC Design, Test & Assembly, Microelectronics Electronic Manufacturing Systems and Optoelectronics related industries.
DSO is located just minutes away from Dubai International Airport, Jebel Ali Airport, Port Rashid, and Business Districts, allowing clients to access it easily from all over Dubai. DSO breaking its own benchmark and has successfully transformed UAE into a knowledge-based economy by giving equal weightage to all business sectors.
Benefits of Setting Up a Business in Dubai Silicon Oasis
Business Setup in Dubai Silicon Oasis not only offers you brand building but also provides an opportunity to take advice from top tech-based companies include Philips, Synopsys, Wavetec, AMD, Fujitsu, Nortel Network, Henkel, etc. Apart from this, DSA provides the following advantages to a company:
- Provision of 100% foreign ownership
- No restriction on capital repatriation
- No import or re-export duties
- No personal income tax
- Onsite customs
- Low operational cost
- Provision of complete foreign ownership
- Negligible corporate and income tax
- Well-built IT structure and facilities with a tier-3 data centre
- Easy access to experienced technical and engineering professionals
- Stable and clear regulation backed by Dubai Silicon Oasis Authority
- 24 hours access to support services
- Simplified incorporation and licensing process
- Access to national and international based consumer markets
- Well-furnished office spaces and conference rooms
Types of Business Activities in Dubai Silicon Oasis
As the region’s technology park, DSO is the home for technology sectors and other tech support services. High-tech industries being its central focus, it also caters to a wide range of other businesses, including:
- Information Technology
- Electrical & Electronics
- Engineering and Related Activities
- Law Firms
- Finance Institutions
- Oil & Gas
- Alternative Energy
- Company Headquarter Offices
- Sales & Marketing
- Other Training Centres
- Distribution Facilities
- Testing and Checking
- Assembly & Packaging
- Manufacturing & Storage
Business Entities in Dubai Silicon Oasis
Dubai Silicon Oasis offers a profitable business opportunity to its investors in the form of multiple incentives and allows an individual or a corporate entity to register a business in any of the following legal forms:
Any existing company, whether in the UAE or other nation, can register its branch in Dubai Silicon Oasis, but the activities conducted by the branch must be similar to those conducted by its parent company.
2. Free Zone Establishment (FZE)
A free zone establishment is a business entity with a single shareholder.
3. Free Zone Company (FZCO)
A free zone company is an entity registered with 2 to 5 shareholders. A shareholder can be an individual or a corporate entity.
4. DED Registered Company
It refers to a company already registered with the Dubai Economic Department (DED) and wishes to operate in Dubai Silicon Oasis.
Types of Business Licenses Available in Dubai Silicon Oasis
Once you have decided on the business activity to be performed, DSOA will provide you with one of the following types of business licenses:
1. Trade Licence
Any entity with a trade license can conduct business activities related to import, export, and distribution and storage of goods.
2. Service License
A service license allows an entity to carry out only specified services.
3. Industrial License
An industrial license holder can conduct manufacturing processes by importing raw materials and exporting finished products.
4. Business Operation Permit
This is a special license issued to the companies operating in the areas owned by private developers. The license is issued only to Department of Economic Development (DED) based companies.
5. Entrepreneurial Business License (EBL)
An EBL is a low-cost license which is granted in return for a small stake in the applicant’s business. This type of license s provided to encourage the young businesses by offering support services and resources.
Business Setup Process in Dubai Silicon Oasis
Dubai Silicon Oasis Authority sets out certain procedures and documents to be followed before registering any kind of businesses in DSO. The business setup procedure is as follows:
- Submit an application for initial approval by providing relevant documents to DSOA
- Once you receive the initial approval, you need to pay a certain amount of fees and submit the legal documents
- You need to sign the lease agreement issued by DSOA and return the same
- The required business license will be issued by DSOA
Note: The whole registration process takes 7 to 10 days.
Documents Required to Set Up a Business in Dubai Silicon Oasis
The business setup process in Dubai Silicon Oasis is not free from document submission, but the list is shorter. Here are the documents required to get your company registration done in DSO:
- Application form for initial approval
- Bank statement/audited financial report or reference letter
- No Objection certificate for UAE residents
- Letter of Intent
- Passport copy of shareholder(s)
- Detailed business plan of the company
Planning for its smart city project, DSO provides a plethora of opportunities to tech-based industries and other supporting services. Of late, Dubai police have signed a MoU with DSOA to start a smart police station inside the free zone to safeguard the interests of investors as well as the residents of DSO. It is the right time for any tech-based company to put forward their business plan in this free zone of Dubai. It might be necessary to take guidelines from business consultancy in building your company. There are number of business consultants which will help you in understanding the company registration process, documents formalities, networking, taxation, accountancy and other legal procedures.
Business Setup Worldwide is a business advisory firm that helps you start your business globally. We provide services like legal advisory, accounting, tax consulting and other value-added services. To be successful in the business-oriented city like Dubai, choosing the right kind of incorporation and location is the must. We at Business Setup Worldwide save your time as we take care of the lengthy procedures and guide you from the beginning to the end of the incorporation process.
Business setup in Dubai Silicon Oasis is bound by specific rules and regulations, and our team at Business Setup Worldwide is committed help you sail through the entire process smoothly. Our business development team strives to understand your business incorporation requirements and facilitate office setup, accommodation, documentation and registration formalities. Our team assists you with the entire business setup process from start to finish providing strategic inputs, business plan, documentation formalities, etc., keeping in mind a structure that best suits your company needs and goals. We make certain that you are given advanced infrastructure support and all the amenities required for prolific business growth in DSO. With us, company formation experience here is completely hassle-free as we strive to understand your unique requirements and support you with a solution apt for your business.
So, plan your business activity in Dubai Silicon Oasis a dynamic and investor-friendly free zone of Dubai. Our experts will make you the work easy and simple. Contact us with your dream business plan, and we will help you in making it true.