Announced in June 2004 and launched with the first partner in 2007, Dubai Outsource Zone was initiated to cater to the market demands of a special economic zone offering unique services for outsourcing companies.
Dubai Outsource Zone is the place where activities such as Business Process Outsourcing, HR Outsourcing, IT Outsourcing and Back Office thrive. The facility offers an environment that allows companies and individuals to operate with collective synergy and freedom.
Dubai Outsource Zone is the first free zone in the world dedicated to the outsourcing industry. Dubai Outsource Zone provides a comprehensive infrastructure and environment for companies that wish to set up outsourcing business in UAE.
|Location:||Dubai Outsource Zone, Dubai, (U.A.E.)|
|Permitted activity:||Outsourcing, consultancy and service provider|
|License available:||Commercial license|
|Types of entities:||Free Zone Limited Liability Company (FZ-LLC), branch office|
|Shareholder:||Can be individual or corporate entity|
|Share capital:||Minimum of AED 300,000/-, whereas AED Nil/- in case of branch office|
|Audit:||Audit report not required to be submitted to free zone authorities|
|Estimated time:||Minimum of 5 - 6 working weeks to obtain final trade license|
|Renewal:||License of the company has to be renewed on annual basis. Penalty would be charged by the authority if license is renewed after expiry date.|
Starting from AED 122,510/- onwards (inclusive of license, registration and office rentals of estimated size of 1,000 square feet area) and renewal charges amounts to AED 119,000/- from next year onwards. However please note that the above mentioned charges can vary depending upon the number of license applied under one company and also depends upon the leasing/office facility acquired.
GBS provides you consultancy and helps you with company incorporation services at Dubai Outsource Free Zone.
Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal, tax or other professional advice. We do not accept any responsibility, legal or otherwise, for any errors or omissions.