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Dubai Silicon Oasis Free Zone
Dubai Silicon Oasis Authority (DSOA), established in 2004, is a government-owned Free Zone that has emerged as the premier technology park in the region. DSOA provides a comprehensive ecosystem that seamlessly integrates working and living environments, offering a complete bundle of incentives and advantages for businesses investing in the tech park. Equipped with industry-leading infrastructure, DSOA supports business operations around the clock with advanced telecommunications, a fiber optic network, and a tier 3 data center with 120 high-capacity racks.
Dubai Silicon Oasis (DSO) is a thriving technology park and free zone located in the heart of Dubai, United Arab Emirates. Established to promote the growth of technology-based industries and to provide a robust ecosystem for entrepreneurs and businesses, DSO integrates both residential and commercial components, making it a unique destination for innovation and creativity.
Key Benefits of Investing in Dubai Silicon Oasis
- No Income or Corporate Tax
- No Import-Export Tax
- No Customs Duty for Freezone Imports
- 100% Foreign Ownership
- 100% Profit Repatriation
- Fast Company Formation Process
- Networking and Community-Building Events
- Advanced IT Infrastructure with Network Security
- Access to a Pool of Talent in the Technical and Engineering Sectors
- World-Class Development and Research Centers
- Investment Incentives by Venture Capitalists for Startups
Types of Legal Entities in Dubai Silicon Oasis
Dubai Silicon Oasis (DSO) provides a diverse range of company structures specifically designed to cater to the unique needs of technology and IT entrepreneurs. Each legal entity type comes with its own advantages, making it easy for businesses to find the most suitable option for their operations and growth. Below are the main types of legal entities available in DSO:
Free Zone Establishment (FZE)
The Free Zone Establishment (FZE) is designed for entrepreneurs who wish to operate as a single shareholder entity. This structure allows either an individual or a corporate entity to establish a business in DSO, providing flexibility for solo entrepreneurs or small business owners. The FZE simplifies the process of business setup by allowing single ownership while offering the benefits of operating within a free zone.
Free Zone Company (FZC/FZCO)
The Free Zone Company (FZC), also referred to as FZCO accommodates between two to five shareholders, who can be either individuals or corporate entities. This structure is ideal for small partnerships or collaborative ventures, allowing multiple stakeholders to share ownership and engage in joint business activities. The FZC/FZCO offers similar benefits to the FZE, including 100% foreign ownership and tax advantages.
Branch of a Foreign Company
A foreign company looking to expand its operations can register a branch in Dubai Silicon Oasis without any capital requirements. This structure allows the branch to conduct business under the same activities as the parent company, effectively extending the reach of the foreign entity into the UAE market. Operating as a branch provides businesses with a great opportunity to leverage their existing brand while enjoying the regulatory benefits of a free zone.
Branch of a Local Company
Local companies registered in Dubai Mainland can also establish a branch in Dubai Silicon Oasis. This option allows existing enterprises to expand their operations into the free zone while maintaining their local registration status. It enables local businesses to access the benefits of being in a free zone, such as streamlined processes and attractive incentives, while continuing to operate under the framework of their original establishment.
Types of Licenses for Business Setup in Dubai Silicon Oasis
Dubai Silicon Oasis Authority (DSOA) provides a structured environment for entrepreneurs and businesses to operate efficiently within the free zone. Investors can choose from three broad business license categories, each tailored to meet specific operational needs. These license types ensure that DSO businesses comply with regulatory requirements while also enjoying the advantages of being in a tech-driven ecosystem.
Service License
The Service License is tailored for businesses that provide specialized services rather than tangible goods. This license is ideal for a range of service-oriented companies, including but not limited to:
- Accounting and Auditing Firms
- Consulting Agencies (business, management, financial, etc.)
- Legal Services
- Marketing and Advertising Firms
- Information Technology Services (IT consulting, software development, etc.)Businesses operating under this license can benefit from the growing demand for high-quality services in the UAE, particularly in sectors that support innovation and technology.
Industrial License
The Industrial License is designed for businesses engaged in manufacturing, production, or assembly activities. This license permits companies to import raw materials, manufacture products, and engage in packaging operations within DSO. Key features of the Industrial License include:
- Flexibility to establish manufacturing and assembly facilities within the free zone.
- Ability to operate with connecting facilities for importing and exporting goods.
- Support for a wide variety of industrial activities such as electronics manufacturing, food processing, and textile production.
This license is particularly beneficial for businesses looking to take advantage of Dubai’s robust logistics and infrastructure, facilitating efficient supply chain management.
Trade License
The Trade License allows businesses to buy, sell, and distribute goods within the free zone and beyond. It covers a wide range of trading activities, including:
- Distribution of engineering equipment
- Sale of heavy machinery
- General trading of consumer goods and commodities
Companies holding a Trade License have the flexibility to diversify their offerings and reach various markets within the UAE and the wider Middle East region. The license structure supports businesses in managing inventory and distribution effectively.
Special License Categories in Dubai Silicon Oasis
In addition to the standard business licenses, the Dubai Silicon Oasis Authority (DSOA) offers special license categories that cater to specific business activities and sectors within the technology and innovation landscape. These special licenses provide additional flexibility and support for unique business models and help entrepreneurs tap into niche markets. Below are some of the noteworthy special license categories available in DSO:
E-Commerce License
The E-Commerce License is designed for businesses engaged in online trading and digital transactions. This license enables companies to operate e-commerce platforms and conduct activities such as:
- Selling products and services via the Internet.
- Operating online marketplaces.
- Providing e-payment solutions and digital services.
The E-Commerce License facilitates growth in the rapidly evolving digital marketplace, allowing businesses to reach broader customer bases locally and internationally.
Technology License
This license category targets businesses involved in technology development and innovation. It is ideal for companies offering technological solutions, software development, or research and development (R&D) activities. Key features include:
- Support for tech startups focusing on software, applications, and IT solutions.
- Enabling research initiatives and innovation projects in various fields.
The Technology License fosters collaboration among tech companies, investors, and research institutions, contributing to Dubai’s vision of becoming a global innovation hub.
Media License
The Media License is tailored for businesses in the media and entertainment sector. It encompasses a variety of activities, including:
- Broadcasting companies (radio and television).
- Film production and editing companies.
- Digital content creation, including blogs, vlogs, and social media management.
By offering a supportive regulatory framework, the Media License encourages creativity and helps establish a vibrant media landscape within DSO.
Healthcare License
The Healthcare License caters to businesses operating in the medical and healthcare sectors. This includes:
- Medical clinics and hospitals.
- Pharmacies and medical supply companies.
- Health tech startups focused on developing healthcare solutions or services.
Companies under the Healthcare License benefit from the synergies of being within a tech-oriented environment that fosters the growth of innovative health solutions to address regional healthcare needs.
Educational License
The Educational License is designed for institutions and businesses providing educational services, training programs, and other forms of knowledge dissemination. This category includes:
- Training centers, workshops, and skill development programs.
- E-learning platforms and online education providers.
- Educational consultancies.
This license supports the educational sector’s growth in Dubai, fostering an environment of continuous learning and personal development.
Steps in Company Formation at Dubai Silicon Oasis
Forming a company in Dubai Silicon Oasis (DSO) involves steps designed to ensure compliance with local regulations while facilitating a smooth business setup process. Here’s a steHere’step guide to establishing a company in this vibrant technology park:
Determine Business Activity and License Type
Identify the specific business activities you intend to undertake and select the appropriate license type (Service License, Industrial License, Trade License, or Special License).
Research the specific requirements and restrictions associated with your chosen business activity to ensure compliance with DSO regulations.
Choose a Legal Structure
Decide on the legal form of your business, which could be a free zone company, a branch of a foreign company, or other suitable structures. The most common option in DSO is a Free Zone Limited Liability Company (FZ-LLC).
Consider factors like ownership, liability, and the number of shareholders when selecting your business structure.
Reserve a Trade Name
Choose and reserve your company name in compliance with DSOA naming regulations. The name should reflect the nature of your business and avoid any prohibited terms. Application for name reservation can typically be completed online through the DSOA portal, and a fee may apply.
Prepare Legal Documents
- Compile and prepare the necessary documentation, including:
- Passport copies of the shareholders and managers.
- A detailed business plan outlining the proposed activities.
- Proof of address (personal and/or business).
- Additional documents are required depending on your chosen business activity and structure.
- Ensure all documents are accurately completed and signed.
Submit Application to DSOA
- Submit your license application and the required documents to the Dubai Silicon Oasis Authority (DSOA) for approval.
- Pay the applicable registration fees, which may vary based on the type of license and business activities.
Receive Initial Approval
- DSOA will provide an initial approval letter upon review, allowing you to proceed with the following steps. This may take a few working days.
- You may need to address any requests for additional information or changes in documentation during this phase.
Rent Office Space
Select and rent a physical or virtual office within the DSO zone, as having a registered physical address is required for company formation. Ensure that the chosen space meets DSOA’s criteria for our business activities.
Obtain Final License
After securing office space, submit any additional required documents (such as tenancy agreements) to DSOA to obtain your final business license. Payment of the remaining fees associated with issuing the final license is needed at this stage.
Open a Corporate Bank Account
Once you have your business license, you can establish a corporate bank account with a local or international bank. Banks typically require your trade license, a business plan, and the identification documents of the account signatories.
Register for Visa and Employment
Apply for employment visas for yourself and your employees, if applicable, through the DSOA. You may also need to register for other necessary permits or approvals based on your business activities, including labor cards and employee medical insurance.
Dubai Silicon Oasis (DSO) Company Setup Cost
| Trade License Activity | Cost in AED |
|---|---|
Industrial License | AED 9,375 |
Specific Trading | AED 9,375 |
Oil & Gas | AED 12,500 |
Real Estate | AED 18,750 |
Aviation | AED 18,750 |
General Trading License | AED 18,750 |
Specific Services | AED 9,375 |
Freight Forwarding | AED 10,625 |
Answer of mostly asked questions to us
How much would setting up a company with Dubai Silicon Oasis Authority cost?
The starting price for a company set up with Dubai Silicon Oasis Authority is AED 11,800.
What special licenses are available in the Silicon Oasis Free Zone?
The Silicon Oasis Free Zone offers two special licenses: the Entrepreneurial Business License and the Business Operation Permit (EBL).
What business activities can I conduct in the DSO-free zone?
The DSO free zone allows businesses to engage in tech, IT, and electronic activities.
What residential facilities are available in the Dubai Silicon Oasis free zone?
The Dubai Silicon Oasis free zone offers a variety of residential spaces, including villas and apartments.
Do I need a local sponsor to establish my company with Dubai Silicon Oasis Authority?
Dubai Silicon Oasis Authority does not require a local sponsor for company setup, allowing 100% ownership without needing a local sponsor.
Can I travel to the UAE to set up my company in Dubai Silicon Oasis Authority?
Dubai Silicon Oasis Authority does not require a trip to the UAE for company setup, as the process can be completed remotely.
Do I need a physical office with Dubai Silicon Oasis Authority to set up my company?
Dubai Silicon Oasis Authority does not require a physical office for company formation, but packages include a flexi desk for 10 hours per month.
How long would it take for the company to be setup?
The company formation process typically takes 4-5 business days after submitting and signing all necessary documents.
When can I set up my bank account for this company in the UAE?
Once the company is established and all necessary documents are available, the bank account setup for the company in the UAE can be completed.
Can I do trading and consultancy activities under my business license with Dubai Silicon Oasis Authority?
Dubai Silicon Oasis Authority allows trading and consultancy activities under a single business license, subject to applicable fees.
How many activities can I have on my Dubai Silicon Oasis Authority license?
Dubai Silicon Oasis Authority licenses allow up to three activities, with additional activities incurring a fee.
Are there any restricted nationalities for the shareholders to set up the company?
No, shareholders can set up a company without restricted nationalities, but a pre-approval process can be conducted to ensure successful establishment.
