Located in Dubai, United Arab Emirates, the Dubai Silicon Oasis Authority (DSOA) is an integrated technological park and a premier free zone. In addition to being a free zone for Indian business owners and other foreigners living in the nation, DSOA is a residential community. Furthermore, in comparison to other free zones, the setup costs for companies are among the lowest in the Dubai Silicon Oasis.

This free zone presents investors with a special opportunity with its contemporary business spaces and residential apartments. Moreover, DSOA is among the best free zones for business setups due to the extremely affordable packages. Furthermore, Shuraa Business Setup makes the company formation process even simpler for you by requiring less paperwork

Steps to set up a business in Dubai Silicon Oasis

Here are the few steps you can follow to setup a business in Silicon Oasis:

Complete the Tasks

A list of the business operations you want to conduct in the DSO-free zone must be made. The Indian investors must also submit this list for approval to the DSOA. Additionally, you can apply for outside approvals with the assistance of  TVG experts.

Reserve a Trade Name

The next action for your DSO business is to reserve a trading name. Make sure the name you choose accurately describes your company’s operations. Additionally, remember to adhere to all naming convention guidelines.

Complete Records and Paperwork

Completing the remaining paperwork and documentation is the final step in meeting compliance requirements. Documentation is also essential for identity verification and business model evaluation.

Safe Office Space

To find reasonably priced office space in the DSO, speak with the legal advisors at Shuraa Business Setup or purchase a workstation package. In addition, compared to other zones, the total setup costs for companies in Dubai Silicon Oasis are lower.

Make a License Application

After completing the aforementioned procedures, you can apply for the desired licence. To apply, simply contact the Dubai Silicon Oasis jurisdiction and submit your information. Additionally, you are able to obtain outside approvals for activities that are not covered by your licence.

Benefits of Setting Up Business in the Silicon Oasis of Dubai?

Approximately 45 free zones are located in the United Arab Emirates, and each has its own benefits that are particularly appealing to Indian businesspeople. Moreover, all free zones are designed to attract entrepreneurs by providing benefits like 100% foreign ownership and repatriation of capital, no corporate taxes, etc. A few distinct benefits of DSO are as follows:

Ideal Site for Business

Due to the central position of Dubai, it can be contended that DSOA is situated at the very heart of the corporate world. Also, due to the location of both DSOA and Dubai, DSOA enterprises can promote their services to some of the key financial centres in the UAE and also beyond it.

It is usually simpler for companies in the DSOA to establish alliances with other companies in Dubai and the UAE. These companies can also benefit from Dubai’s highly qualified labour pool.

Diverse Commercial Pursuits

Businesses are allowed to carry out a range of operations under the DSOA that fall under one of four (4) simple licence categories. Trade, industrial, service, and special licenses are the four licenses that DSOA provides. Under the first three types of licensing, businesses are able to import, export, distribute, produce, prepare, assemble, and offer a range of services.

Companies are granted a special licence (also called a business operating licence) if they have already registered with Dubai Economy. These companies can function under a unique DSOA administrative jurisdiction thanks to the licence.

Stress-Free Living and Workplace Environments

At DSOA, work and life are perfectly balanced. Additionally, the Dubai Silicon Oasis company formation offers a range of options for setting up an office and a place to live, making it feasible to work and live in the free zone. Furthermore, DSOA provides an array of readily customisable workspace options to fulfil the operational requirements of any kind of business.

Many “plug and play” offices with pre-installed internet, voice and data connections, a data centre, and parking are available at DSOA facilities. These offices can also accommodate a company with up to 500 employees with ease. Additionally, companies can discuss game-changing business strategies or comfortably host guests in conference rooms.

Documents Needed to Establish a Business in Dubai Silicon Oasis

·         Passport-sized photos of the applicant for company registration

·         Application Form

·         Copies of each legal participant’s passport for verification

·         A duplicate of the LSA’s notarised and attested LSA documents and Emirati ID

·         The applicant for company registration’s tourist visa

·         External authorisations (if any)

Entities allowed to operate legally in the DSO free zone

Branch office

Businesses can open a branch in DSO from anywhere in the world. The branch’s operations must, nevertheless, coincide with those of the parent business.

Free Zone Establishment (FZE)

An organisation known as a Free Zone Establishment (FZE) may only have one shareholder. They could be companies or private individuals.

Free Zone Company (FZC)

When two people form a legal entity, they may do so as individuals or as a corporate or non-individual.

Costs of DSOA visas

Businesses located in the Dubai Silicon Oasis Free Zone are entitled to a certain number of resident visas, one for every nine square meters of space. For example, you get five visa slots if your office is fifty square meters. Costs of DSOA visas

Visas for investors or partners are not issued by DSOA. There will be some managerial titles attached to each visa. Crucially, the General Manager of the company needs to be in possession of a Dubai Silicon Oasis resident visa.

Applicants who are older than 60 will be required to pay an extra 5,000 AED.

Every visa is good for two years.

Start Up Your Business in the DSO Right Now!

With so many advantages, forming a company in the DSO free zone is the right decision. Furthermore, the DSOA persists in implementing reforms that are conducive to business, enabling entrepreneurs to establish their enterprises within this economic zone.

Now all you have to do is contact TVG’s company formation specialists. We handle all the legalities and assist you in minimising the setup costs for your Dubai Silicon Oasis business.

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TVG