Top Factors for Business Setup in Dubai Silicon OASIS

Top Factors for Business Setup in Dubai Silicon OASIS

Dubai Silicon Oasis (DSO) is a completely government-owned free zone in Dubai established in 2004. Being considered the only technology park that offers opportunities for people to live, work, and play, DSO has gained popularity among professionals and families. The luxurious lifestyle, equipped with a gym, pools, and other recreational facilities along with the luscious greenery in the region is making DSO indeed an oasis of serenity and merriment.

DSO is constantly maximizing its advantages by providing an integrated ecosystem that fosters entrepreneurship and technology through collaboration and other sustainable practices. Dubai Silicon Oasis has become the major destination for people who seek an all-encompassing community lifestyle. Industries based on the latest technology, ultra-modern infrastructure, and various internal business services, Dubai Silicon Oasis (DSO)makes it easy for people to collaborate, and also for coming up with innovative and highly beneficial solutions that maximize the productivity of businesses.

Major Business activities in DSO

• Technology & Design
• Transportation & Logistics
• Manufacturing & Construction
• Food & Beverage
• Professional Services
• Consultancy
• Hospitality
• Waste management
• Health
• Marketing
• Education
• Tourism
• Trading

Benefits of company formation in DSO

• 100% foreign ownership
• 100% repatriation of capital
• Zero income tax
• No import or export tax
• State-of-the-art IT infrastructure
• Easy, quick, and cost-effective setup process
• Variety of offices and warehousing facilities
• Wide range of IT and technology business activities
• Access to highly talented technical and engineering professionals whenever you need them.
• No restriction on hiring foreign employees.
• No restraints over capital nationality
• Simple customs clearance process
• Speedy processing of employee visa

Types of business setup in DSO

Free zone Establishment (FZE)

• The companies registered by one shareholder can establish a business in DSO.
• An individual or corporate can become the shareholder.

Free zone Company (FZCO)

• The companies registered with a minimum of 2 shareholders can initiate business in DSO.
• An individual or a corporate can become the shareholder.

Branch

• Branch of an already established foreign company or a company in the UAE can register in DSO.
• Business activities performed by the branch must match with the business activities done by the parent company.

Type of licenses offered in DSO

Service license – Companies that provide accounting and business consulting services can apply for a service license. The company can provide only those services that are mentioned in the license.

Trade license – A Trade license allows you to import, export, and trade the items specified in the license.

Industrial license – If your business requires to do activities such as importing raw materials, manufacturing, processing, assembling, packaging, and exporting the final product, then you must obtain the industrial license from the DSO authority.

Business setup process in DSO

Submit an application form

• Register on DSOA’s customer portal.
• Download the application form.
• Add the required details in the application form and submit it.

Submit the pre-approval documents

• Submit the pre-approval documents for review.
• After review, the authority grants the initial approval.

Submit the legal documents and pay the required fee.

Issue E-Agreement

• Issue lease agreement
• The Digital agreement shall be sent to the client’s registered email address.

Submit the signed e-agreement and share capital letter

• Clients must sign the e-agreement.
• Send it back to the authority with the share capital letter (share capital letter is only applicable to FZE and FZCO)
• 0% minimum paid-up share capital.

Issuance of e-license

Required Documents for registering your business in DSO

• Application Form
• Letter of Intent
• Passport Copy
• NOC for UAE residents only
• Audited financial report or Bank statement/reference letter
• Company business plan

Facilities available in DSO

• Warehouses
• Serviced offices
• Industrial lands
• virtual and Flexi desks
• Retail outlets

HLB HAMT to Assist!

Our success is bound to the satisfaction of our clients. With our happy clients across the world, HLB HAMT has become the most advantageous organization entrepreneurs can rely upon. We are diligent in providing transparent and secure services to every kind of business venture. Our experienced professionals will listen to your needs and give suggestions to get things done without any headaches. If you are seeking guidance in setting up your business in Dubai Silicon Oasis, you are in the right place. Give us a call to know more about the procedures and special offers that DSO provides. We are available round the clock.

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