If you’re considering starting a business in the United Arab Emirates then you’re already familiar with the countries free zone places. Free zones are available in all the seven emirates of UAE offering amazing benefits for up to 50 years. Among these benefits are a complete exception of tax and no corporate tax of your income. There are no foreign exchange controls and you’re able to repatriate all your capitals and profits. What’s better than this? Now if you’re looking forward to starting a business in an electronics related field then Dubai Silicon Oasis is the best place to start with. Dubai Silicon Oasis is expected to support all the electronic related industries and its value chain.
Dubai Silicon Oasis also known as DSO was established in 2004, a complete legal entity of the Dubai Government. To ensure the requirement of businesses, a huge part of investments has been utilized in the free zone for better infrastructure and world-class facilities for the investors of the future. DSO also features warehouse and office space, along with commercial and industrial areas. Moreover, with the collaboration of newer roads, DSO is just a short drive to central Dubai and connects itself with the major highway roads of the emirate.
Dubai Silicon Oasis is a completely different entity which falls under the supervision of Dubai Silicon Oasis Authority (DSOA). DSO has a total capacity of 90,740 sq, of commercial dedicated space for offices and warehousing/manufacturing. DSO has created a high tech eco-system in the field of information technology and data sciences, that is why many large enterprises and business owners have their offices in this region. On the other hand, the DSO community possesses a wide range of residential lifestyle facilities which include shopping complexes, swimming pools, community centers, educational institutes, hospitals, and tennis courts.
Like any other free zone places in the company, Dubai Silicon Oasis follows a procedure that needs to be observed by the business person and other business-related entities. Although its a completely simple process if you just this guide, but believe us there are a lot of meticulously during the process. It is better to take advice from an experienced business consultant in the region. This will not only help you in a company set up but also plays an important role in the current affairs of both business opportunities and current affairs of the economy.
If you’re a business person or an entrepreneur looking forward to starting their business operation in DSO, then here are some keen benefits that you should remember:
To establish a company in DSO, you first need to obtain a valid business license. 3 types of licenses are available in DSO
Any established company can register its brand in the DSO, either it’s situated in the UAE or abroad. The business operation must be identical to the parent company.
A single shareholder can open an FZE, either its an individual or non-individual/Corporation.
A minimum of two shareholders are required to open an FZCO, either the shareholders are individuals or non-individuals/corporate.
Dubai Silicon Oasis offers 3 types of licenses which are as follows:
Using a service license, a registered entity can only perform specified services. Good in case you have a specific business operation to handle.
Using service license, a registered entity can perform the import, export, and distribution of goods and items.
Using trade license, a registered entity can import raw manufacture, material, and process, package, assemble and export its final product.
Following documentation are required during the process of DSO company formation.
In most cases, licenses are issued within two weeks. However, errors or omissions in the application process can lead to delays. For this, it is good to consult a company formation expert.
It is important that you check a specific free zone company formation and its business activities first. The list of business activities allowed in DSO are as follows:
Although the company formation process is quite simple, yet business owners make many mistakes during the formation process. These matters and crucial and requires legal advice from an experienced consultant. That’s why it’s a good idea to appoint a company formation specialist. Setup Dubai business is a professional Company setup firm dedicated to providing everything related to business formation, license, and visa application. In the process of DSO company formation, our firm is happy to provide legal assistance in the Application form, Letter of Intent, Bank statement, Company business plan and much more. Have any query regarding the company formation Process? Feel free to send us a quick inquiry. Drop in your details and we will call you back.
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