There are a couple of advantages that can be attained in setting up a business in general. Since it is difficult to find the perfect location for you, it is essential that you scan through the benefits that you can have in setting up a business in one of your target locations.
There are a lot of places wherein you can conduct a business setup in Dubai or anywhere in the United Arab Emirates (UAE). Whether you plan to have a company in the free zone areas, mainland, or offshore, you have a lot of options to choose from since the UAE is basically one of the business hubs in the world.
Once you have narrowed down your choices to a couple of areas you’d want to set up a business in, you can research about them.
For now, this article is all about the business setup in Dubai Silicon Oasis and the advantages of forming a company there.
All About Dubai Silicon Oasis (DSO)
Dubai Silicon Oasis Authority (DSOA) is a free zone that is 100%-owned by the government. This free zone is made with a purpose of supporting the business expansion of the country. As other free zones in the UAE, there is quite a list of benefits for the businessmen who choose to establish their business in the DSO.
DSO spans around 7.2 million square meters. There are called pillars in DSO that are divided based on the facilities for industrial, commercial, education, living residences, and public facilities. The area has the basic things that businessmen would need when it comes to utility infrastructure.
Types of Company that You Can Set Up in Dubai Silicon Oasis
The below information discusses the types of company that you can form inside this free zone. Although the Dubai Silicon Oasis company setup cost is not mentioned, the required capital amount is that will give you an idea of how much you should prepare while planning to build your business.
The DSO allows any company that is established in the UAE or in other parts of the world to have their branch be registered in this free zone. The requirement is that the nature of activity of the branch that will be established in the area must be the same as its parent company’s nature of activity. There is no minimum required capital in establishing a branch.
2. Free Zone Establishment (FZE)
In establishing a Free Zone Establishment, there is only one shareholder. It can be an individual or a non-individual/corporate. This type of company has a limited liability status. The minimum required capital to establish an FZE is AED 100,000.
3. Free Zone Company (FZCO)
A Free Zone Company, on the other hand, has a minimum of two shareholders. It can be individuals or non-individual(s)/corporate. Just like the FZE, there is a limited liability status for FZCO. The minimum required capital to establish an FZCO is AED 100,000
Types of Licenses in Dubai Silicon Oasis and Which One You Should Get
There are different kinds of licenses in DSO that allows companies to do certain things.
In getting a service license, the company is only allowed to carry out specified services. When an organization opts to obtain a trade license, this will let them do activities that are associated with importing, exporting, and distributing goods. These are all identified in the license. Lastly, the industrial license lets the company have raw materials be imported and have the finished product be manufactured, processed, assembled, packaged, and exported.
Why Conduct a Business Setup in Dubai Silicon Oasis?
There are a couple of advantages in conducting a business setup in Dubai Silicon Oasis. Choosing DSO to be the place to form your company can give you and your business an edge. Besides the Dubai Silicon Oasis company setup cost is not that expensive, which is another benefit. You can check the list of some of the reasons why you should choose DSO.
1. Core Benefits
The businessmen who choose to set up a company in DSO can enjoy 100% foreign ownership of their business, 100% repatriation of capital, no income or corporate taxes, swift business set up and licensing, employee visa processing, streamline customs clearance, etc.
These are only some of their benefits.
It is believed that it has a perfect location in Dubai since it is right where the Europe and Asia’s trade crossroads meet. It was established with an objective in mind to help in promotion. Dubai is full of modern technology-based industries that have the potential to grow even more.
Its location is conveniently placed near the Dubai Airport and other business districts. Also, there is an available space for the residential accommodation in DSO.
It’s been launched for more than a decade now, and it is believed to be “one of the world’s leading centers of advanced electronic innovation, design, and development.”
The environment in Dubai Silicon Oasis is specifically made for companies focused on technology in order to further facilitate them.
Business setup in Dubai Silicon Oasis is fairly easy when you know what you’re doing. With more than 30 years of experience, Farhat Office & Co. know exactly where your business will suit best. There are a lot of places to choose from in the UAE to form a company, and FAR Consulting Middle East. can help you to narrow down your choices based on the nature of your business. To have a free consultation, please book here.