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تابع القراءة

Everything you need to know about Dubai Silicon Oasis

10 March 2020
Dubai Silicon Oasis is a globally recognized free zone with an integrated technology park. It is a hi-tech designed ecosystem and is considered to be the only technology park in the region that provides both living and working integrated community.

DSO was set up in 2004 and is government owned, spanning 7.2 million square meters. The free zone boasts a three-tier data center and there is good access established for technical and engineering professionals. The free zone is armed with state-of-the-art facilities, business services and entrepreneurial support to sustain and empower both small and large enterprises.

Benefits of setting up a company in DSO

1. Quick, easy and affordable set up

The DSO offers fast business licensing taking no more than 12 working days and prices of DSO company formation from 27,000 AED.

2. Open to a wide range of businesses and license types

Although the DSO is largely focused on IT and technology, it promotes itself as a free zone which helps ‘facilitate and promote modern technology-based industries’. The DSOA issues service, trade and industrial licenses to companies from all Department of Economic Development (DED) listed industries, including IT.

3. Flexible set up

Whilst taking some form of office space or desk space is mandatory, the DSO offers a broad range of options, so you won’t feel tied down. The DSO offers a flexi-desk package allowing entrepreneurs use its state-of-the-art business facilities on an ad-hoc basis.

4. Auditing and bookkeeping requirements

The DSOA’s auditing and booking keeping requirements making is one of the most respected free zones among banks and other professional institutions. All businesses registered in the DSO free zone must submit yearly books and undergo annual auditing.

5. Low capital share requirements

There is no paid-up capital in a DSO company.

6. Ease of arranging a corporate bank account

Once you have received your license and have established your business in DSO you’re ready to set up your bank account. The application process is quick and simple and SFM can advise you on the entire process.

7. The environment

The DSO is not just great for business but also for residential and lifestyle. It is home to great facilities including schools, universities, community centers and shopping malls making it a great place to reside and conduct business.

Further benefits include:
  • - 100% foreign ownership
  • - 100% repatriation of capital
  • - Zero income tax
  • - Zero corporate tax
  • - Low import tax (5%) and no export tax.
  • - Low cost of operations

Company types in DSO

Free Zone Establishment (FZE)

Formed with one shareholder, either an individual or a company. The standard authorized capital is AED 10,000. This is simply a registered capital but not a paid-up capital.

Free Zone Company (FZCO)

Formed with a minimum of two and a maximum of five shareholders, either individuals or companies or a combination of both.

Branch Office

This license allows an existing local-foreign company to open a representative office or branch within the free zone. Want more information about incorporating a company in Dubai Silicon Oasis?

Contact SFM today.

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