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SFM IN PRESS

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29 October 2018

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11 September 2018

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?[..]

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DUBAI SILICON OASIS (DSO)

Our Commitment

  1. Your Company in Dubai Silicon Oasis formed within 12 working days. *
  2. Competitive and transparent pricing
  3. Complete confidentiality
  4. UAE Residency Visa for you and family members
  5. Setting up your company with a bank account including eBanking and debit card
Dubai Silicon Oasis Company

Dubai Silicon Oasis Company Main Characteristics:

Company typeFree Zone Company
Governing corporate legislationDubai Silicon Oasis Authority
Information published relating to company officersNo names are disclosed
ConfidentialityComplete confidentiality
Accounting requirementEvery company shall keep accounting records, which are sufficient to show and explain its transactions
TaxationNo corporate taxes
LegislationFree Zone Companies Regulation
Standard currencyUAE Dirhams pegged to USD
Time to form12 working days
CommunicationEfficient communication
Local sponsor requirementNot needed
Foreigner ownership100%
Residence visa issuanceResidence Visa issued
Number of directors neededA 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

DSO

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