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Succession planning in United Arab Emirates (“UAE”) for non-Muslim resident and foreign investors: how to protect your assets located in Dubai and in Ras Al-Khaimah?[..]
Due to recent legislative changes and increased compliance with international tax avoidance regulations, Dubai is no longer just a viable option for incorporating a new business. In fact, compared to others and due to these recent developments, it is fast becoming the destination of choice. [..]DUBAI SILICON OASIS (DSO)
Our Commitment
- Your Company in Dubai Silicon Oasis formed within 12 working days. *
- Competitive and transparent pricing
- Complete confidentiality
- UAE Residency Visa for you and family members
- Setting up your company with a bank account including eBanking and debit card
Dubai Silicon Oasis Company Main Characteristics:
| Company type | Free Zone Company |
| Governing corporate legislation | Dubai Silicon Oasis Authority |
| Information published relating to company officers | No names are disclosed |
| Confidentiality | Complete confidentiality |
| Accounting requirement | Every company shall keep accounting records, which are sufficient to show and explain its transactions |
| Taxation | No corporate taxes |
| Legislation | Free Zone Companies Regulation |
| Standard currency | UAE Dirhams pegged to USD |
| Time to form | 12 working days |
| Communication | Efficient communication |
| Local sponsor requirement | Not needed |
| Foreigner ownership | 100% |
| Residence visa issuance | Residence Visa issued |
| Number of directors needed | A minimum of one director |
Type of License:
- Service Licence:
Specific services can be undertaken with this license type.
- Trade Licence:
The import/export and distribution of specifically mentioned products can be undertaken with this license.
- Industrial Licence:
Importing raw materials, manufacturing, processing, assembly, and packaging of all specified and approved products can be undertaken with this license.
- Business Operation Permit:
This is a special permit for companies operating in the Administrative Zone of DSOA using a licence that has already been issued by Dubai Economic Department (DED).
- Entrepreneurial Business Licence:
This licence is only available to existing members of DSO's incubator programme and involves a subsidised licence in return for a small percentage in the business. This is set up as an aid to young and upcoming entrepreneurs and gives them access to a respectable free zone and its services.
The following company types are available to incorporate:
- Branch
Whether in the UAE or abroad, businesses are able to register its branch in the Dubai Silicon Oasis. The activity of the branch must correspond directly to the business activity of the head office.
- Free Zone Establishment (FZE)
An FZE is a legal entity incorporated/registered by a single shareholder.
- Free Zone Company (FZCO)
An FZCO is a legal entity incorporated/registered with a minimum of two shareholders.
Information concerning Dubai Silicon Oasis
Set up in 2005, DSO is a government owned Free Zone, spanning 7.2 million square metres. The infrastructure is state-of-the-art and it offers strong incentives for businesses. The Free Zone boasts a three-tier data centre. There is also a good access established for technical and engineering professionals.
* Please refer to our Terms & Conditions
