DUBAI SILICON OASIS IN DUBAI FREE ZONE - ACE Tax Consultant

DUBAI SILICON OASIS IN DUBAI FREE ZONE

The DSO free zone was established with the objective to encourage businesses based on modern technology

Dubai Silicon Oasis Company Setup

AceTax professionals will walk you through everything you need to know about starting a business in the Dubai Silicon Oasis free zone, paying for a license, etc. without a hitch.

Under the Dubai Silicon Oasis Authority (DSOA), a government-owned free zone known as the DSO free zone exists. The free zone can be found on the road that connects Dubai and Al Ain. It includes commercial, industrial, and residential areas. The Dubai Silicon Oasis Authority is a government-owned free zone with an urban master-planned community, cutting-edge infrastructure, and in-house business services that promotes cutting-edge technology-based industries.

In Dubai’s Silicon Oasis free zone, businesses can set up shop in a community that is well-planned and covers 7.2 million square meters. Industries, commercialized space, educational institutions, residential areas, and public facilities are all separated from one another in the free zone.

In addition, the Dubai Silicon Oasis free zone offers a mixed idea for starting a business that primarily focuses on the technology, electronics, and engineering industries. Dubai’s government wants to support the region’s demand for business expansion and facilitate modern technology-based industries by encouraging an economy driven by innovation.

Dubai Silicon Oasis, which caters to businesses that provide internet-related business, software technologies, mobile services, and other services, has been encouraged by this initiative. ACCTON Technology Corporation Private Limited Ltd, ANG Automation Solutions, and Axiom Telecom are a few of the jurisdiction’s most prominent businesses.

In addition, the Dubai Silicon Oasis Authority envisions the free zone as a technological park that provides an integrated community with a mix of residential and commercial platforms – the advantages of the free zone enhancing the region.

The administrative body Dubai Silicon Desert garden Authority (DSOA), offers cutting edge and mechanically moderate framework, support with business ventures, financing and capital, pioneering support as well as admittance to master checking and that’s only the tip of the iceberg.

Step by step process of Business set up in Dubai Silicon Oasis free zone

The process of setting up a business in the DSO free zone involves the following steps:

  • Submission of the application form
  • Pre-approval documents of Dubai Silicon Oasis Authority
  • Submission of legal documents and payment of the required fee
  • Issuance of e-agreement by the DSOA
  • Sign e-agreement and share capital letter (applicable only for FZE and FZCO)
  • Issuance of e-license

Legal entities permitted in the DSO free zone
  • Branch office
  • Free Zone Establishment (FZE)
  • Free Zone Company (FZC)
DSO free zone facilities

The free zone offers various kinds of facilities for business setup. These include:

  • Premium Industrial Units
  • Warehouses
  • Office Spaces
  • Work Stations (subject to availability)

Benefits of business setup in Dubai Silicon Oasis

Advanced networks, connectivity, electricity, and communications are available in the free zone. In addition, Dubai Silicon Oasis is envisioned as a high-tech ecosystem technological park that provides numerous advantages over Dubai free zone company registration.

Some of the advantages of business setup in Dubai Silicon Oasis free zone include the following:

  • 100% foreign ownership
  • No personal, income, or corporate taxes
  • Full repatriation of capital and profits
  • Strategic location boosting opportunities
  • Leasing options
  • Simple and quick set up process
  • Innovative infrastructures
  • Exemption from all import and export duties; however, you can’t import into the mainland

Business activities permitted in the DSO free zone

DSO free zone permits various activities to be conducted in the jurisdiction, including:

  • Consultancy
  • Logistics
  • Manufacturing
  • Transport
  • Aviation
  • Health
  • Storage
  • Hospitality
  • Marketing
  • Trading
  • Waste Management
  • Tourism
  • Education

The DSO free zone is also one of the few free zones that enables you to combine professional and commercial activities under one license.

DSO free zone license

The cost of a license for the Dubai Silicon Oasis free zone is low and simple to obtain. Packages of licenses start at AED 13,900. The different licenses gave by the DSO specialists include:


Dubai Silicon Oasis License Cost

The cost of obtaining a license for the Dubai Silicon Oasis free zone also varies depending on the package you select for your company formation.
The quantity of visas that can be gotten by your organization will rely on the size of your office space. The Dubai Silicon Oasis free zone’s visa costs approximately AED 3,750, making it affordable.


DSO free zone license renewal

The recharging system for organizations in DSO free zone is a profoundly financially savvy and basic cycle. Beginning with the second renewal of your company, you will be required to submit an audit report annually.

You will need to pay the renewal fee and send in the signed lease agreement for your facility to complete the renewal process for your business. The fact that you don’t have to be physically present in the UAE to renew your visa is a benefit because it can be done through an agent.


Business liquidation in DSO

Company liquidation, like renewal, does not require the owner’s physical presence and can be carried out through an agent. To complete the liquidation process, you will be required to pay a fee to the government.

Company liquidation takes about 1 month to be completed and involves the following steps:

  • Cancellation of visas
  • Termination of lease agreement
  • Closure of bank account

Contact AceTax, one of the best Dubai business setup companies, to learn more about the various business setup options available in Dubai Silicon Oasis.

AceTax offers you solutions that are best suited to your company formation in the UAE and helps you resolve questions about business.

Contact our knowledgeable consultants at +971 553 810 715 or send a WhatsApp message to +91-9899795588 to begin your business journey and learn more. You can also send an email to info@acetaxuae.com to get answers to your questions quickly.

Frequently Asked Questions for Dubai Silicon Oasis Free Zone

Can I renew my license without being in Dubai?
Yes, you can pay the renewal fees and renew your license remotely by using a registered agent and an authorization letter.
It takes less than a week to get your license to start your business in the IFZA free zone.
No, you have 100 % ownership and do not require to have a local partner to start your company.

Your business cannot be moved from one free zone to another. However, you can open a branch of your current business in a different free zone.

If you want your business to be in a different free zone, you will have to close it down in the current zone and start it up in a different free zone.

Yes, most businesses in the United Arab Emirates require office space. There are different choices and bundles that accompany picking the right office for the perfect add up to suit your organization.