Dubai’s government formed this exclusive Free Zone in 2004. It has been scaling up since then. DSOA (Dubai Silicon Oasis Authority) is an organization to monitor business activities and to issue licenses. It has a constant focus to develop and expand the zone. DSOA introduces the investor-centric improvements.
Incentives and extra advantages are offered by jurisdiction that has the fortifying factor in several expat entrepreneurs.
Silicon Park is the first smart city of Dubai, which is located in the Dubai Silicon Oasis. Spaces and best facilities are provided in the IT firms that aids the company to perform and flourish well.
Silicon Park is located in the Central Square. The custom-designed buildings give a premium appeal to the companies. Any resident business person or expat can rent the space to establish a main office or headquarters in this enclave. The serviced office space helps businesses to start operations from its first day.
Main facilities in Dubai Silicon Oasis Free Zone are:
- Workstations for IT firms
- Office spaces
- Spaces for light industrial activities
- FZE (Free Zone Establishment)- The FZE is set up by an entity or a single shareholder. They don't require more resident partners or expat to incorporate a Free Zone Establishment in DSO.
- FZC (Free Zone Company)- These companies are formed with two individuals or with the partnership of two, to form a business setup in the free zone.
- Branch Office- The company with a parent organization is located in the UAE or foreign country to start a branch in DSO Free Zone. The business activities of a branch must be similar to the main organization.
Operating Licenses Of DSO
The companies in DSO should get relevant licenses from its authority. The companies and businesses which are established in the mainland with the license from DED should get an operation permit to function in the DSO.Types Of Licenses
- Service License- Entrepreneurs who plan for the service business setup in DSO, should get a service license.
- Industrial License- There are light industrial spaces in DSO. Companies aiming to assemble and manufacture must require an industrial license in Dubai. It's the basis to import raw components and materials, distribution, packaging of products and exports.
- Trading License- It includes export, import, warehousing, distribution and re-export that requires a trading license by the business firm from DSO.
Benefits Of Company Formation In DSO
- Complete ownership of the company
- No taxes
- Complete repatriation of profits and capital
- Exemption from taxes and customs duty
- Quick business setup
- State of the art infrastructure
- Optimal growth prospects in thriving market
- Low operational costs and Establishment
Documents Needed For DSO Free Zone Company Setup
- Residency visa page
- Copy of shareholders' passport
- NOC from current employer
- General Trading License in Dubai
- Get Trading License in Dubai UAE
- Advantages of Setting up a General Trading License in Dubai
- Benefits of Getting a Trading License in Dubai
- Industrial License in Dubai
- Food Stuffs License in Dubai
- Food Truck License in Dubai
- Pharmacy License in Dubai
- General Trading License in Dubai
- Grocery License in Dubai
- Import Export License in Dubai
- Commercial License in Dubai
- Ecommerce License in Dubai
- Setting up Import Export License in Dubai
- HR Consultancy License in Dubai
- Management Consultancy License in Dubai
- Manpower License in Dubai
- Recruitment Agency License in Dubai
- Rent a Car License in Dubai
- Nursery License in Dubai
- Tourism License in Dubai
- Freelancer License in Dubai
- Tourism & Travel Agency License in Dubai
- Diamond & Gold Trading License in Dubai
- Private Clinic License in Dubai
- Construction License in Dubai
- Gold Trade License in Dubai
- Professional License in Dubai
- Home Based Business License in Dubai
- Technical Service License in Dubai
- Consulting Business License in Dubai
- Supermarket License in Dubai