Advantages of DSO: why it is profitable to open a company in this free zone
In addition to ideal working conditions and modern infrastructure, the advantages of opening a company in the Dubai Silicon Oasis free zone include:
- no requirements for the presence of a local partner – the company can be 100% owned by a foreign owner;
- exemption from export and import duties;
- lack of exchange control, which ensures the possibility of free transfer of funds;
- low transport and operating costs;
- the possibility of obtaining resident visas for company employees (1 visa per 9 square meters of office space).
In addition, Free Zone DSO has one of the lowest office rental costs in Dubai.
![DUBAI Silicon Oasis Free Zone, image 1 DUBAI Silicon Oasis Free Zone, image 1](https://dynasty-uae.com/wp-content/uploads/2023/10/bg-53.jpg)
Types of companies in Silicon Oasis
In the Dubai Silicon Oasis Free Zone you can register a company of any of the following types:
- FZE with one owner – it can be either an individual or a legal entity;
- FZCO with at least two shareholders;
- BLC – representative office of a local company registered in the UAE;
- FCB – a branch of a foreign company.
![DUBAI Silicon Oasis Free Zone, image 2 DUBAI Silicon Oasis Free Zone, image 2](https://dynasty-uae.com/wp-content/uploads/2023/10/bg-54.jpg)
Licenses issued in Dubai Silicon Oasis
To conduct business activities on the territory of DSO, you must have the appropriate license:
- trade, which allows for the import, export and distribution of goods;
- service – it is issued for the provision of services (consulting, legal, logistics and others);
- industrial, which allows you to import raw materials, produce finished products, store and export them outside the UAE;
- special licenses for companies registered with the Dubai Department of Economic Affairs and entrepreneurs.
The license is issued for 1 year, and you can indicate up to 7 types of activities.
Cost of registering a company in Free Zone DSO
Registration of a company in the Dubai Silicon Oasis Free Economic Zone involves the following types of expenses:
- contribution of authorized capital for companies FZE and FZCO;
- purchasing a license;
- office rent – it depends on the size of the premises;
- registration fee, registration of the company name and its charter;
- opening of resident visas and bank accounts.
![DUBAI Silicon Oasis Free Zone, image 3 DUBAI Silicon Oasis Free Zone, image 3](https://dynasty-uae.com/wp-content/uploads/2023/10/bg-55-1024x576.jpg)
What documents are needed to register a company?
To register a company in the DSO free zone, you will need:
- copies of passports of shareholders and directors;
- utility bills to confirm your place of residence;
- statutory documents, if the shareholder is a legal entity;
- copies of visas or passport stamps confirming the date of last entry into the UAE.
Dynasty Business Adviser specialists will help you open a company in Dubai Silicon Oasis quickly, without any problems. You won’t need to waste time and money on extra flights to the Emirates. Contact us by phone, email or through any of the messengers listed in the contact information!
The cost of registering a company with Silicon Oasis Free Zone Company with an IT license
SERVICE NAME |
PRICE |
---|---|
|
30000 AED |
Establishment card |
2000 AED |
Insurance |
500 AED |
Deposit (refundable) |
5000 AED |
SERVICE NAME |
PRICE |
---|---|
Office 27.46 m2 (1 visa for every 9 m2) |
29970 AED |
Location of offices is different in a silicone oasis |
|
Deposit for the office |
10% of the annual rent |
Insurance |
500 AED |
DEWA |
|
Ejari (registration of an office lease agreement with a state authority) |
250 AED |
General trade license |
30000 AED |
Service license |
12000 AED |
|
6900 AED |
Cost of resident visas
SERVICE NAME |
PRICE |
---|---|
Investor visa for the founder of Gold company:
|
$3000 |
Deadlines
SERVICE NAME |
PRICE |
---|---|
Opening a company (after which you can start the procedure of opening an account in the UAE bank) |
7-14 days: preliminary verification of the founders, after which one should sign the charter and constituent documents online |
Registration of the company with the migration service and registration of an entry permit for a resident visa |
1 week |
Resident visa |
1 week |
Issue of Emirates ID |
1 week |
Opening a personal account with a UAE bank |
5 days |
The audit must be completed annually. An authorized capital of 10,000 dirhams is required. Company registration takes from 2 weeks to a month.
The documents for the company include a license, charter documents and a lease agreement.
To start procedures for registering a company:
1. You will be required to pay an invoice for the services.
2. Send 3-4 versions of the company’s trade names for their approval and reservation in the free zone.
3. Prepare and submit the following documents for company registration:
3.1 A copy of foreign passports of the owner and director. The copy must be of good quality.
4. Utility bill.
5. 3×4 photograph.