Dubai Silicon Oasis Authority
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Dubai Silicon Oasis Authority (DSOA)
Dubai Silicon Oasis Authority (DSOA) is a prominent Dubai free zone and technology park that came into existence in 2004 under the patronage of the Dubai government. With its diverse ecosystem, it currently plays host to more than 4,000 companies, ranging from multinational giants to innovative startups and cutting-edge research and development centers.
Positioned as a premier free zone and a thriving mixed-use community in Dubai, Dubai Silicon Oasis holds a unique distinction. It serves as a dynamic technology hub, catering to businesses specializing in IT, online services, industrial ventures, as well as research and development endeavors. Hence, entrepreneurs around the world are keen on opting for a company setup in DSOA.
Strategically sited, Dubai Silicon Oasis enjoys unmatched accessibility from various road networks, effectively mitigating traffic congestion. This accessibility factor positions it as one of the most coveted destinations for entrepreneurs seeking to establish their enterprises within the UAE.
A noteworthy aspect is that Dubai Silicon Oasis serves as a crucible for the incubation and testing of all technological initiatives undertaken by the Dubai government. This innovation hub plays a pivotal role in driving forward the emirate’s technological advancements and development initiatives.
Dubai Silicon Oasis free zone company setup
Dubai Silicon Oasis Authority (DSOA) provides an extensive array of business solutions to cater to diverse entrepreneurial needs. Moreover, Dubai Silicon Oasis (DSO) enjoys a well-connected road network that seamlessly links it to Dubai’s major highways, ensuring convenient accessibility.
DSOA offers a suite of enticing advantages that consistently entice investors to set up shop in this thriving location. The benefits that prove particularly appealing to these investors include:
Complete Foreign Ownership
Dubai Silicon Oasis Authority permits entrepreneurs to retain 100% ownership of their businesses, eliminating the need for local partnerships or sponsors.
Tax Exemptions
Investors benefit from comprehensive tax exemptions, including exemptions on corporate and personal income, as well as customs duties, resulting in enhanced profitability.
Unrestricted Capital Repatriation
Dubai Silicon Oasis Authority places no constraints on the repatriation of capital, affording investors the flexibility to manage their finances efficiently.
Zero Import or Re-Export Duties
The free zone boasts a duty-free environment, minimizing operational costs and encouraging trade.
No Currency Restrictions
Investors experience no limitations on currency transactions, facilitating international business operations.
Unhindered Access to Foreign Talent
The zone embraces a welcoming policy toward foreign talent and employees, allowing businesses to access a diverse and skilled workforce.
In-House Immigration and Visa Services
DSOA simplifies the process of securing immigration and visa services, making it convenient for businesses to hire and retain international talent.
Dubai Silicon Oasis Free Zone Company Setup – The Process
The journey of setting up your free zone company starts with the selection of an office space. To gain a comprehensive understanding of the available options, it is advisable to personally visit and inspect the facilities.
Once you’ve identified the office that suits your needs, the company formation process unfolds as follows:
Reservation of Company Name
The first step involves reserving the name for your company. This ensures that your chosen business name is unique and compliant with DSO regulations.
Pre-Approval of Business
After securing the name, the next stage is to seek pre-approval for your business activities. This step ensures alignment with the free zone’s guidelines.
Signing of Lease Agreement
To formalize your tenancy, you will need to sign a lease agreement for your chosen office space within DSO.
Payment
The financial aspect of the process involves making the necessary payments, including fees for your business license and any applicable permits.
Receiving the License
Following the completion of the preceding steps and approval by the authorities, you will be issued your business license, permitting you to conduct operations within the free zone.
It is important to note that the final step requires the physical presence of the company owner. Typically, the entire process of DSOA company formation can be accomplished within a span of approximately two weeks.
Required Documents
To facilitate the process, you will need to provide the following essential documents:
- Passport copy
- Personal photograph
- Copy of your visa or previous entry stamp to the UAE
- Resident Visas
Companies operating within Dubai Silicon Oasis Free Zone enjoy the privilege of obtaining resident visas for their employees. The number of visas allocated is determined by the size of the office space leased. For every 9 square meters of office space, a company becomes eligible for one resident visa. For instance, if your company occupies a 50 square meter office, you are entitled to five resident visa slots.
The provision of resident visas further enhances the attractiveness of Dubai Silicon Oasis free zone company setup. To get help with all your company setup in Dubai, contact Insight 360 Consultants right away!
