Dubai Silicon Oasis Authority was established in 2004 and is wholly owned by the government of Dubai. It provides both a living and an integrated working community. In addition, it offers free trade zone incentives and benefits to companies operating within the tech park.
Dubai Silicon Oasis Authority promotes modern technology-based industries within an urban master-planned community, state-of-the-art infrastructure & in-house business services.
It is a center for technological firms in the IT, industrial, and R&D sectors. Due to its modern industrial zones, office skyscrapers, villas & apartments, R&D units, educational institutions, and healthcare facilities, Dubai Silicon Oasis offers a thriving business and social environment.
Benefits of Setting up a Business in DSOA
Consider yourself a budding businessman or investor who is willing to start a business in DSOA?
What would you search for on the internet at first?
What business is successful, or how the jurisdiction benefits your business right?
If you agree with my point, then read the below steps.
Knowing the advantages not only gives you flexibility but also will boost you to grow in your business.
- Exemption of tax
- 100 business ownership
- Multiple visa options
- An Extensive Range of Activities
- Lucrative Location
- No Deposits Required
Along with the points mentioned above, take a glance at the more detailed version of the benefits of the Dubai Silicon Oasis Company Setup.
What Business Facilities Does Dubai Silicon Oasis Business Offer?
Do you know what facilities Dubai Silicon Oasis free zone offers?
If not, scroll the page to explore more.
Dubai Silicon Oasis Free Zone Authority offers entrepreneurs and investors a wide range of facilities. A few facilities are listed below.
- Multiple-use warehousing and manufacturing
- Land for development
- Conference facilities
Company Types Setup in Dubai Silicon Oasis
Dubai Silicon Oasis provides its investors with a lucrative business opportunity through various incentives. A business can be registered in any of the following legal papers, first, whether it belongs to an individual or a corporate entity:
Any existing business based in the UAE or elsewhere is eligible to open a branch in the Dubai Silicon Oasis. However, the branch's proposed activity in the Dubai Silicon Oasis must be the same as the activity carried out by the parent firm.
- Free Zone Establishment (FZE)
A free zone establishment is a business that has been registered or incorporated by a single shareholder. The shareholder may be a natural person or a legal entity such as a corporation.
- Free Zone Company (FZCO)
A free zone company is a legal commodity incorporated or registered with a minimum of two shareholders. Individuals, corporations, or other non-individuals can all be shareholders.
- DED Registered Company
It refers to a company that has previously registered with the Dubai Economic Department (DED) and seeks permission to operate in the Dubai Silicon Oasis.
After selecting the business structure, if you feel stuck in proceeding with the following steps, then have a glance at the Dubai Silicon Oasis Free Zone.
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:
- Trade License
Any entity with a trade license can conduct business activities related to the import, export, distribution and storage of goods.
- Service License
A service license allows an entity to carry out only specified services.
- Industrial License
An industrial license holder can conduct manufacturing processes by importing raw materials and exporting finished products.
- 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.
- Entrepreneurial Business License (EBL)
An EBL is a low-cost license granted in return for a small stake in the applicant's business. This type of license s provided to encourage the young companies by offering support services and resources.
After reading the above content, if you wish to start a business, then have detailed research on the company formation in Dubai.
However, choosing the proper company structure can be confusing, especially when many definitions or business jargon are not common. Company formations in Dubai have specific documents and procedures to follow. You can seek help from our business consultants to get more informative and insightful knowledge.
Business Setup Worldwide is a leading business consulting firm in Dubai. We offer world-class service to succeed in your industry. Our professional experts would provide proper guidance for choosing the right legal structure depending on your business needs. To move forward with your business journey, you can contact us. We are always there to assist you in every situation.
What are the procedures followed to set up a company in DSOA?
The procedures followed to set up a company in DSOA are,
- Choosing a business activity
- Finding a legal entity
- Selecting a trading name
- Obtaining a license and visa
- Opening a bank account
How long does it take for the whole registration process in DSOA?
It takes around 7-10 working days for the whole registration process in DSOA.
What documents need to be submitted for company registration in DSOA?
The following are the documents required for company registration in DSOA
- 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
Whether DSOA is a favourable place for doing business?
Yes, DSOA is a favourable place for doing business.
Who owns Dubai Silicon Oasis Authority?
The government of Dubai owns Dubai Silicon Oasis Authority.