Dubai Silicon Oasis (DSO) was established in 2004 in order to provide a good development environment for investors interested in the high-tech industry. Silicon Oasis is one of the most attractive free zones in Dubai, as it offers outstanding infrastructure, but also because of its proximity to the Dubai International Airport, Jebel Ali and Rashid Ports, and the Business District in the emirate.
Our company registration consultants in Dubai can offer information on the incentives available for opening a company in Dubai Silicon Oasis. You can also discuss about Dubai Silicon Oasis free zone license cost.
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Types of companies to be registered in Dubai Silicon Oasis
Full foreign ownership is allowed for those interested in opening a company in Dubai Silicon Oasis. The types of structures one can establish here are:
- free zone companies;
- free zone establishments;
- branch offices of foreign companies.
One can also open a company in Dubai Silicon Oasis’ Administrative Zone. However, the company formation process is slightly different. Our Dubai company incorporation agents can offer information on how to open a company in DSO’s Administrative Zone.
Documents required to open a company in Dubai Silicon Oasis
In order to set up a company in DSO, one must draft the Memorandum and Articles of Association of the company and file them with the Dubai Silicon Oasis Authority (DSOA) together with the following documents:
- passport copies;
- an application form;
- a business plan;
- a letter of intent;
- a bank reference, or audited financial accounts in the case of branch offices.
Licensing of companies in Dubai Silicon Oasis Free Zone
Once the company is registered with the DSOA, the owner must apply for the relevant permit for their activities. Dubai Silicon Oasis free zone license cost depends on the activities developed and other criteria. The following business licenses are available in Dubai Silicon Oasis:
- the service license;
- the industrial license;
- the trade license.
Those opening a company in the Administrative Zone may apply for a business operation license, while young enterprisers may apply for an entrepreneurial license which also grants them the rights to certain benefits.
Dubai Silicon Oasis company setup cost
It is important to know from the very beginning what the Dubai Silicon Oasis company setup cost entails so that you can make an appropriate business plan. Foreign investors must know that the costs for setting up a Dubai Silicon Oasis company are relatively the same as those in other free zones in Dubai. You can find warehousing, office spaces, and land at affordable prices, but it is good to have a well-planned budget and to negotiate prices where appropriate and this can be done.
You will also take into account the type of company, size, and number of employees when establishing the budget for establishing a company in Dubai Oasis. More about Dubai Silicon Oasis company setup cost you can discuss with our team of local agents. You can benefit from personalized packages and offers.
Dubai Silicon Oasis free zone license cost – What you should consider
The Department of Economic Development in Dubai is the institution that issues the business license necessary for those who want to develop their activities in the Dubai Silicon Oasis Free Zone. With one license you can develop up to 7 activities, as long as they are part of the same category, either services or trading. Here is other information about Dubai Silicon Oasis free zone license cost:
- You can opt for the workstation package which costs approximately AED 35,000. This package includes the business license, a business owner visa as well as a work desk.
- If you opt for a business license and office space, you can pay around AED 26,000.
Of course, these are options offered in the Dubai Silicon Oasis free zone, but you can only choose the business license that interests you more. It costs around AED 12,000. You can learn more about Dubai Silicon Oasis license fees from our specialists in the area.
The setup process of Dubai Silicon Oasis company
If the Dubai Silicon Oasis free zone is the right destination for future activities, you should know the formalities of company registration. We present to you the following:
- The application form is filled out and submitted to the Dubai Silicon Oasis Authority for verification and approval.
- The company’s documents are being prepared, including the Articles of Association. The same authorities will review the submitted documents and pre-approve them.
- Next comes the payment of the registration fees of the respective company.
- E-agreement is a digital document that also contains the lease agreement. It is issued by the Dubai Silicon Oasis Authority.
- The shareholder must apply for a business license, online. If all the documents are in order, the trade license in Dubai can be issued in a maximum of one week.
- You must also prepare a business plan that includes in detail the future activities of the company.
All these formalities can be supervised by our team of company formation agents in Dubai. They can also tell you information about Dubai Silicon Oasis license fees.
Why choose Dubai Silicon Oasis for business
Foreign investors can choose Dubai Silicon Oasis for the excellent conditions for developing a business in the IT field. DSO serves as a tech hub and is well established with all the necessary facilities in this field. In addition, it is good to know that all the IT initiatives of the authorities in Dubai find their place in Dubai Silicon Oasis, a free zone with lots of potential.
For complete information on how to apply for a business license in Dubai Silicon Oasis, and about Dubai Silicon Oasis license fees please contact us. You can also request the services of our Dubai agents if you want to register a company in Dubai Silicon Oasis.