Company Formation in DSO – Dubai Silicon Oasis
Dubai Silicon Oasis Authority, a 100% government-owned free zone, was established following Law No. 16 of 2005 of the government of Dubai with the mission to facilitate and promote modern technology based industries thus support the regions demand for business expansion.
DSO’s urban master-planned community spans 7.2 million square meters and has been carefully divided into 5 main pillars based on industrial, commercial, education, living and residences and public facilities.
DSO is designed as a high-tech ecosystem which offers businesses a plethora of advantages including a state-of-the-art infrastructure, in-house business services and strong business support such as technology investment incentive for large enterprises, entrepreneurial support, incubation centre and venture capital funding.
Key Benefits of Company Formation in Dubai Silicon Oasis (DSO):
- 100% foreign ownership,
- 100% repatriation of capital,
- 100% exemption from personal income tax, corporate tax, service tax, import and export tax,
- No currency restrictions,
- Dedicated business support services including integrated online E-Business system
Characteristics of DSO Company Setup:
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 Semiconductor.
Business setup license available:
Service, Trading & Industrial license are option 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 case of Branch office. (Required to be deposited in 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 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:
4 to 6 weeks to obtain license of the company and register a company in DSO.
Another 7-10 working days for immigration card subject to security clearance & thereafter visa may take approximately 7-10 working days on normal basis.
DSO Company Setup Process:
- Identify the legal form of company to be registered in Dubai Silicon Oasis,
- Select 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 DSO Company Registration:
The documents required for business set up in DSO depends on whether a shareholder is individual or corporate entity. Basic requirements are
- Color passport copy,
- Color UAE residence visa & emirates id copy,
- Business plan,
- CV/Resume,
- NOC from existing sponsor,
To know more about the complete requirements for company formation in DSO Free Zone call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com
Company Formation Cost in DSO – Dubai Silicon Oasis:
DSO Company Setup begins from AED 65,500/-
Call us now on 050-8992852 or drop an email to sagar.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
- Shareholder or directors wishing to have UAE residency visa on said company will need to revisit after issuance of license, immigration card and entry permit for stamping of visa on the passport and may need to stay in UAE for 5 to 7 working days as that process may take time.
- Company Immigration/Establishment card to be renewed every year
- Investors to have family status UAE visa should have share capital of AED 75,000/- and in order to be eligible for Owner/Investor/Partner visa should have share capital of AED 60,000/-
Global Business Services DMCC has helped many individuals and corporate entities to set up their businesses in DSO Free Zone. Our company acts as a one stop solution for DSO company incorporation services.
If you are looking for DSO company setup, 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 know about special promotions/offers related to business setup in DSO 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.
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)
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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