Dubai Silicon Oasis Freezone
The freezone ‘Dubai Silicon Oasis’ stands out among entrepreneurs when it comes to business setup in Dubai. Laced with state-of-the-art facilities, DSO freezone offers a number of benefits. Being a hub for technology and innovation, it offers a favourable business environment which caters to a range of industries.
Forward-thinking approach of the authorities and government-backed initiatives make the Dubai Silicon Oasis freezone an option for entrepreneurs worldwide. Read this article to learn more about the freezone and how to set up a business there along with other important details.
About Dubai Silicon Oasis Freezone
Established in 2004, Dubai Silicon Oasis freezone planned to cater the region’s need of bringing in businesses that focused on tech. However, today it has emerged as a zone dedicated to fostering knowledge and innovation across industries. With more than 30,000 registered company members operating across multiple industries, it has emerged as the top global zone for small and medium enterprises and R&D as ranked by fDi Insights.
Given this, there is no doubt that the freezone is central to Dubai 2040 Urban Master Plan among the five urban centres. Launched in 2021, the plan aims to fulfil enduring goals of excellence and distinction for the present and future of Dubai.
Why Setup a Business in Dubai Silicon Oasis?
By setting up a company in Silicon Oasis freezone, you can enjoy a number of benefits. Let us look at some of the benefits:
Dedicated knowledge and innovation hub
The free zone fosters innovation and offers an environment where businesses can thrive. The ecosystem is designed to accelerate growth of businesses and promote technological advancements.
Access to modern infrastructure
Dubai Silicon Oasis freezone is laced with state-of-the-art infrastructure and offers integrated business services. Company registration in DSO can help you access these in a bid to scale the business.
Tax Incentives
Businesses can enjoy tax benefits like no income tax for business setup in Silicon Oasis freezone. In addition to this, entrepreneurs are not required to pay any custom duty for import and export.
Business-friendly regulations
In the freezone, the authorities follow streamlined processes for business setup and licensing. This ensures that everything is completed in a hassle-free manner.
Strategic location
As the freezone is located strategically, it offers entrepreneurs access to airports, seaports and highways to ensure smooth transport of their products. They also get to explore different markets and expand businesses.
Full Ownership and Repatriation of Profits
Dubai Silicon Oasis freezone allows entrepreneurs to enjoy 100 percent ownership of the business and repatriation of profit. It allows them to run the business and use the profits as per their business needs.
Process of Business Setup in Dubai Silicon Oasis freezone
As Dubai Silicon Oasis freezone allows a wide range of business activities, it is important to select a business activity which you want to engage in.
The next step involves selecting a legal business entity based on the business requirements. Some of the structures you can select are - Free Zone Company (FZC), Free Zone Establishment (FZE) and the branch of a foreign/local company.
Once the above mentioned steps are completed, you must register the company with the Dubai silicon oasis free zone authority. You need to file an application with the help of Gryffin Capitalist to the Dubai Silicon Oasis Authority (DSOA) which governs the freezone.
To conduct business in the freezone, you must acquire an office space based on the company needs. In Dubai Silicon Oasis freezone, you can choose to avail different types of offices like flexi-desk, custom-built offices and executive ones.
To ensure smooth conduct of the business established in the freezone, you must avail the relevant business based on the chosen business activity by making the payment towards Dubai Silicon Oasis Free zone license cost. The option of availing a license relating to trading activities, services, and manufacturing/production is available in addition to other ones.
The final step involves approaching a bank to open a corporate bank account in UAE. It helps you conduct business related financial transactions.
Which Documents are Needed for Company Formation in Silicon Oasis Freezone?
- Copies of shareholder passports and visas
- Copy of Emirates ID
- Copy of License (For Branch)
- Copy of good standing certificate
- Copy of board resolution
- Copy of incorporation certificate
- Copy of lease agreement
- Copy of Memorandum of Association (MoA)
What our clients say
Gryffin Capitalist delivers exceptional service for hassle-free UAE freezone company formation. They offer step-by-step guidance, ensuring your business is operational quickly.
Setting up a freezone company in Dubai with Gryffin Capitalist is straightforward and efficient. The team provides expert guidance, ensuring compliance with all legal requirements.
Gryffin Capitalist simplifies Sharjah freezone company formation with its expert advisors and tailored services. They handled everything from documentation to licensing efficiently.
Why Choose Gryffin Capitalist?
Gryffin Capitalist can ensure that business setup in Dubai Silicon Oasis is completed in a seamless manner. With our business setup experts having years of experience in the field of company registration, they can navigate any roadblock easily and fast.
Knowledge of the local regulations and thorough understanding of your business requirements help us to provide business solutions that go a long way towards ensuring business success. Contact us to learn more about the services we offer at cost-effective prices.
Once you are ready to get started with your entrepreneurial journey, we will provide all the support needed to realise the business dreams!
Quality Professionalism
High Privacy
Strong belief in long-term client relationships
Competitive Market Pricing
Global Footprint
Efficient and Transparent Process
Best Freezones to choose to start your Company
Our business consultants have chosen freezones which are ideal for start-ups, business owners, and SME companies. These freezone provide a quick company registration process and a complete ecosystem for businesses.
Frequently Asked Questions (FAQs)
Yes, the authority can issue a business operation permit and entrepreneurial business license. The document shows the companies operating in the areas owned by private developers under the administrative zone of DSOA. The authorities will release the letter to aspiring entrepreneurs and start-ups under its incubator program.
Yes, both the Free Zones are merged and operate under the umbrella of Dubai Silicon Oasis Authority (DSOA).
The DSOA Free Zone provides extensive warehousing facilities with modern logistics and security systems. To cater to businesses that require storage and distribution services.
The average time taken by the authorities is around 5-7 working days. It is subject to the submission of proper documents and verification by the authorities.
Dubai Silicon Oasis Authority (DSOA) allows you to make several amendments to the company established in Dubai Silicon Oasis Free Zone. Some of them include changes in the company name, business structure, business trade licenses, director(s) and manager, and addition and removal of business activities, among others.
