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Dubai Silicon Oasis Free Zone
Authority (DSOA)
Dubai Silicon Oasis Free Zone Authority (DSOA)
DSOA is a government-owned free zone entity that was established in the year 2004 to support and oversee the Dubai Silicon Oasis which happened to be a technology-centered free zone in Dubai that is located in the United Arab Emirates.
The power presides over a 7.2 square kilometre master-planned integrated urban community that integrates living and working.
Key Highlights
Technology Hub: DSOA plays an important role in developing post-modern industries in the world based on technology especially in IT, electronics, and others
Integrated Community: The freezone has both commercial and residential units in the form of offices, industry sectors, villas, apartments, schools, universities, hospitals and recreational areas.
Strategic Location: Being located close to the Dubai International Airport and major ports, DSO is easy to reach the business hubs internationally
Dubai Silicon Oasis Free Zone Authority (DSOA) provides a variety of opportunities related to the establishment of companies with certain requirements:
DSOA allows the following types of companies:
Free Zone Establishment (FZE): A company with a single shareholder (individual or corporate)
Free Zone Company (FZCO): A company with two or more shareholders
Branch Office: For existing UAE or foreign companies
Business Operation Permit: For companies already licensed by Dubai Economy
Capital Requirements
Companies that are FZE/FZCO need a minimum capital of AED 100, 000.
In the case of FZE, the shares have to be in multiples of AED 100,000 and in case of FZCO there is no such limitation the shares can be in multiples of AED 10,000.
Document Requirements
Key documents needed for company registration include
Completed application form
Passport copies of shareholders/managers
Letter of intent
Bank statement or reference letter
Company business plan
NOC (for UAE residents only)
Memorandum & Articles of Association (for branch/non-individual shareholders)
Trade license of the parent company (for local company branches)
Licensing
DSOA provides different types of licenses according to business-related activities
Trading License
Industrial License
Service License
Business Operation Permit (Dubai Economy licensed companies)
Business License to be an Entrepreneur
Process Overview
The procedures involved in the general formation of company in DSOA are
Application and documents obligatory
Get a first step approval
Pay fees and present legal papers
Sign the lease deal
Receive e-license
The review of the applications usually requires 7 days and the license issuance is made within 2 days after the receipt of all the documents and funds.
DSOA also provide special license like the Entrepreneurial Business License and the Business Operation License to the companies in the Administrative Zone.
Also, Dubai Silicon Oasis Authority (DSOA) provides the special licenses like the Entrepreneurial Business License, Business Operation Permit to the companies on the Administrative Zone.
Benefits
100% foreign ownership
100% repatriation of profits
No personal income tax
Potential corporate tax exemptions
State-of-the-art infrastructure
Supportive business environment
Dubai silicon oasis has also become a recognized free zone, winning awards, including the Global Free Zone of the Year in the category of SMEs, and holding the fifth position of the Top 10 Global Free Zones of 2023.
Alpha Equity can assist you in navigating the process for setting up a company in DSOA. Cost estimate for basic company setup in Dubai Silicon Oasis Free Zone Authority (DSOA) is approximately AED 26,000 (USD 7,100).