Company Setup In DSO - Dubai Silicon Oasis
Dubai Silicon Oasis Authority is a 100% government-owned free zone. It was established in 2005 with Law No. 16 of the government of Dubai with the mission to facilitate and promote modern technology-based industries. Therefore it supports the region’s demand for business expansion. DSO offers a wide range of benefits to businesses. It is one of the best technology parks in the region that provides both a living and working community.
DSO’s urban master-planned community spans 7.2 million square meters and has been carefully divided into 5 main pillars – industrial, commercial, education, living and residences facilities. DSO is designed as a high-tech ecosystem that offers businesses a plethora of advantages including a state-of-the-art infrastructure, in-house business services and strong business support.
Key Benefits of Dubai Silicon Oasis Company Formation
- 100% foreign ownership
- 100% repatriation of capital
- 100% exemption from personal income tax, service tax, import and export tax
- Possible exemption from corporate tax subject to fulfilment of criteria
- No currency restrictions
- Dedicated business support services including integrated online E-Business system
Characteristics Of Dubai Silicon Oasis Free Zone Company Formation
Location:
Dubai Silicon Oasis, Dubai, (U.A.E.)
Proposed activity:
Mobile Technology, Internet, Data Centre, Arabization and Localization Technologies, Software, Software-As-A-Services, and Semiconductors.
Business setup license available:
Service, Trading & Industrial licenses are options for DSO Company Setup
Type of DSO entities:
FZE (single shareholder), FZCO (2-10 shareholders) & Branch office
Shareholder:
Can be Individuals or Corporate entity
Director:
Individuals only (Minimum one. Shareholder can also be Director)
Share capital:
AED 10,000/- (10 shares of AED 1,000/- each) in case of DSO FZE/FZCO & AED Nil/- in the case of the Branch office. (Required to be deposited in the bank before or after incorporation).
Do note that shares are deemed to be issued on company incorporation irrespective of whether share capital is deposited in a bank pre or post-incorporation.
Audit:
Annual audit report to be filed in DSO (licensing authority) by FZE & FZCO. Not required for Branch.
Estimated time:
3 to 4 weeks to obtain a license of the company and register a company in DSO.
It takes another 7-10 working days for an immigration card subject to security clearance & thereafter visa may take approximately 7-10 working days on a normal basis.
Dubai Silicon Oasis Free Zone Company Setup Process
- Identify the legal form of the company to be registered in Dubai Silicon Oasis
- Select an activity from DSO activity list
- Apply for name and initial approval
- Payment of fees related to DSO business set-up
- Sign DSO company registration and incorporation documents
- Apply for DSO residence visa
Documents Required for Dubai Silicon Oasis Free Zone Company Formation
The documents required for business set up in DSO depend on whether a shareholder is an individual or corporate entity. Basic requirements are
- Color passport copy of shareholder/director/manager
- Color UAE residence visa & emirates id copy of shareholder/director/manager
- Business plan
- CV/Resume of shareholder/director/manager
- NOC from existing sponsor for shareholder/director/manager
Dubai Silicon Oasis License Cost
DSO Company Setup begins from AED 65,500/-
Call us now at 050-8992852 or drop an email tosagar.mehta@gbsei.com to know about special promotions/offers related to business setup in DSO Free Zone.
Other Notes for DSO/ Dubai Silicon Oasis Company Formation
- Document to be legalized with UAE Embassy in case of corporate shareholder
- Company Immigration/Establishment card to be renewed every year
- Investors to have a family status UAE visa should have a share capital of AED 75,000/- and in order to be eligible for Owner/Investor/Partner visa should have a share capital of AED 60,000/-
How Can GBS Help?
Global Business Services DMCC has helped many individuals and corporate entities with business setup in Dubai in DSO. Our company acts as a one-stop solution for DSO company incorporation services.
Moreover, GBS – business setup consultants can provide valuable assistance in the business setup process within Dubai Silicon Oasis (DSO). We offer complete support in company registration, licensing, legal compliance and market research specific to the technology and innovation sector of DSO. Also, GBS can help entrepreneurs streamline their entry into DSO, providing guidance on the optimal business structure, identifying opportunities and connecting them with the necessary resources and networks.
If you are looking for company formation in UAE, please get in touch with us for professional assistance. Call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com to learn about special promotions/offers related to Dubai Silicon Oasis Business Setup.
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.
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OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:
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Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)
GBSOur Office
Organically grow the holistic world view of disruptive innovation via empowerment.
+971 4 4471803
OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:
Office No.12A-06,
13th floor HDS Tower,
Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)
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