Cost to Form & Renew a Tax-Free Company in Dubai Silicon Oasis (DSO)

Unlock the financial insights of starting and sustaining a tax-free company at Dubai Silicon Oasis

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If you’re considering setting up a business in Dubai, you’ve likely heard of the Dubai Silicon Oasis (DSO), also known as Dubai Silicon Oasis Free Zone. This government-owned Technology Park offers a plethora of benefits for both local and foreign companies. But what does it really cost to form and renew a tax-free company in this bustling hub? Let’s dive into the nitty-gritty ofCost to Form & Renew a Tax-Free Company in Dubai Silicon Oasis (DSO) with this guide by FZBuddy, and explore the company setup cost involved.

What is Dubai Silicon Oasis?

Dubai Silicon Oasis is a government-owned Technology Park and free zone, aimed at promoting modern technology-based industries. It serves as an integrated living and working community, managed by the Dubai Silicon Oasis Authority. It’s a hub for technology companies and offers a variety of business activities.

Read More: Cost to Form & Renew a Tax-Free Company in Dubai Outsource City (DOC)

Benefits of Forming a Tax-Free Company in Dubai Silicon Oasis

Forming a tax-free company in Dubai Silicon Oasis (DSO) is an attractive option for businesses hoping to benefit from the United Arab Emirates’ (UAE) business-friendly environment. DSO is home to some of the most innovative technology companies in the Middle East and provides a valuable opportunity to access these markets.

Tax Incentives

Enjoy zero corporate taxes and personal income taxes. This is a significant advantage for company owners looking to maximize their profits.

100% Foreign Ownership

Unlike other parts of the UAE, DSO allows complete ownership for foreign investors without the need for a local partner.

Repatriation of Capital

Full repatriation of profits and capital is allowed, making it easier for business owners to manage their finances.

Advanced Technology

Access to state-of-the-art technology and facilities, including business facility options that suit various types of business entities.

Types of Legal Entities That Can be Established

DSO offers a variety of legal entity options for business owners:

  • Free Zone Establishment (FZE)
  • Free Zone Company (FZCO)
  • Limited Liability Company (LLC)
  • Branch Office of a Parent Company

These types of company structures provide flexibility and can be tailored to meet your business requirements.

Read More: Cost to Form & Renew a Tax-Free Company in Dubai Internet City (DIC)

Licensing & Business Licenses

DSO offers various types of licenses:

  • Service License
  • Industrial License
  • Trade License

Application Process and Required Documents for Obtaining Industrial License

To obtain an industrial license, you’ll need:

  • Completed application form
  • Business plan
  • Proof of minimum share capital
  • License fee

Office Spaces & Business Facility

DSO offers a variety of office spaces and easy access to raw materials. Whether you need a small office or a large industrial space, DSO has got you covered. The office size can be tailored to your needs, and there are various packages for office space available.

Business Registration and Business Setup Services

Before you can start operating, you’ll need to go through the business registration process. This involves submitting all required corporate documents and paying the government fee. Many business setup consultants offer services to help you navigate this process.

Residence Visa and Visa Costs

If you’re planning to move to Dubai, you’ll need a residence visa. The visa costs and visa status can vary depending on several factors, including the type of business entity you’re setting up.

Financial Aspects

Corporate Bank

Opening a corporate bank account is a straightforward process, especially if you have all the required corporate shareholder documents. You’ll also need a bank share capital letter as part of the application.

Minimum Capital Investment

The minimum capital investment required can vary depending on the type of business activity and license type you choose.

Conclusion

Forming a tax-free company in Dubai Silicon Oasis (DSO) offers numerous benefits, from tax incentives to 100% foreign ownership. The Cost to Form & Renew a Tax-Free Company in Dubai Silicon Oasis (DSO) is quite competitive, making it an attractive option for businesses of all sizes. With flexible legal structures and a straightforward company formation process, DSO stands as a beacon for business prosperity in the Middle East.

Note: Always consult with business consultants or a law firm to understand the regulatory requirements and legal forms before setting up your business.

Sources


FZBuddy aims to provide accurate and reliable information as you navigate the UAE Freezone space. As such, our writers refer to primary information sources in supporting each article appearing on this website. These include, but are not limited to, published news articles, government portals, research papers, and more.

  1. Dubai Silicon Oasis – The Integrated Freezon Technology Par. (2020). Dubai Silicon Oasis. Retrieved September 10, 2023, from https://www.dsoa.ae/
  2. Home – Executive Council. (n.d.). Executive Council. https://tec.gov.ae/en/home

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