Your Ultimate Free Zone Guide: Dubai Silicon Oasis Free Zone
Established in 2003, Dubai Silicon Oasis Free zone is a center of electronic research, innovation, and development. It is one of the best IT and technology free zones in Dubai. Spanning over an area of 7.2 square kilometers, this free zone is located in Nadd Hessa, near the intersection of Dubai–Al-Ain Road and Sheikh Mohammed Bin Zayed Road. If you’re planning to expand your business in Dubai or set up a new company in Free zone with a state-of-the-art infrastructure, Dubai Silicon Oasis Free Zone is the perfect destination for you.
Benefits of Setting Up Your Company in Dubai Silicon Oasis Free Zone
- 100% Business Ownership: Dubai Silicon Oasis Free zone offers 100% ownership for expats.
- 100% Profit and Capital Repatriation: Being an expat, you can remit all profits to your home country.
- Investor-Friendly Services: Dubai Silicon Oasis Free zone offers a business-friendly environment for startups with venture capital assistance and many other provisions.
- Strategic Location: Strategically located, a few minutes away from airports and seaports, this free zone ensures easy connectivity for travel and trade.
- Dedicated Business Support Services: This free zone offers an integrated online system of E-Business that efficiently serves tenants within a few clicks.
- Flexibility For All Activities: Dubai Silicon Oasis Free zone is open to all DED-permitted business activities and is suitable for setting up free zone companies, entities, and branch offices.
- Wide Range of Leasing Options: This free zone offers a wide range of commercial space options right from fully-equipped offices to land for development.
- Less Setup and Operational Costs: Another great attraction of this free zone is it’s 30% reduced set-up cost for technology companies and low operational costs.
- No Export and Import Duty: Import or export tax is not applicable in Dubai Silicon Oasis.
- World-Class Infrastructure: World-class infrastructure with advanced IT network and facilities with tier 3 data center.
Types of Business Entities in Dubai Silicon Oasis Free Zone
- Branch Office of a Foreign Company: The branch office will perform the activity of the parent company only in this free zone.
- Free Zone Establishment (FZE): This establishment is formed by a single shareholder. The shareholder can be an individual or a corporate body.
- Free Zone Company (FZCO): This company is established with limited shareholders who can be either individuals or corporations.
Dubai Silicon Oasis Freezone Business Setup Process
- Choose the Activity – Select the right kind of activity based on your business.
- Select a Corporate Entity – Choose from business entity options such as FZE, FZCO, or branch office.
- Choose a Suitable Name – Select a company name following the government guidelines.
- Submit the Documents – Submit all necessary documents for initial approval.
- Make the Payment – Pay the required fees along with the submission of documents.
- Collect and Sign the Documents – An e-agreement will be issued, along with the lease agreement and a digital agreement will be sent to your registered email id. You may need to sign this lease and submit it to the authority along with a bank share capital letter.
- Obtain the License – An e-license and e-registration will be issued to you.
- Open a Company Bank Account – The final step is to open a company bank account for easy transactions.
Document Requirements for Initial Approval in Dubai Silicon Oasis Free Zone
- A duly filled application form.
- Investment Plan of the company.
- Latest Financial Report for Branch and Audit of a non-individual shareholder; if accessible or Bank Reference letter of the individual shareholder.
- Power of Attorney, if required.
- Project Summary Letter.
- Passport copy of shareholders and manager.
- The Memorandum Copy, Articles of Association and Certificate of Incorporation.
- Trade License of the parent company.
- NOC from current sponsor (if required).
- A duly-filled Acknowledgement Form.
- Title Deed.
- Office Tenancy Contract.
If you wish to setup a company in Dubai Silicon Oasis Free zone, contact CORPIN CONSULTANTS, we have experts with years of experience in business incorporation. We make sure that there are no delays or errors in your application process and set up the company or open a branch office for you. Call us today to know more.