Dubai Silicon Oasis company formation
- Company setup from AED 12,000
- Mandatory office rent 28,392 AED for 13,5 sq. m
- Registration from 2 weeks
- Bank account Guaranteed
- Residence visas for 2 Years
About DSOA
DSOA, or Dubai Silicon Oasis, is a technology park and Dubai free zone. It is home to 4,000 companies and was set up in the year 2004 by the Dubai Government. These companies include startups, development and research centers, and multinational corporations.
In the vibrant residential community and business in Dubai, Dubai Silicon Oasis stands as a premier free zone. It accommodates businesses specializing in development and research, industry, online services, and IT, serving as one of the most innovative technology hubs in the country.
Decide if Dubai Silicon Oasis company formation is right for you
— Yes If
- You have a startup in the sectors of development, research, industry, online services, and IT sector and plan to enhance and grow into a larger company. DSOA has a free zone that is subsidized called the DTEC. Business setup in Dubai, Silicon Oasis, can affordably be done in this zone. After five years of working, they would have to move to DSOA.
- You have a large company based in IT and are looking for a community with suitable networking and infrastructure. DSOA has a technology park with fully equipped modern technology offices that are ready-made. This free zone allows offices of major IT companies.
- You wish to work and live in one place. DSOA has residential buildings with a wide range of amenities. This is home to over sixty thousand tenants.
- You have an enterprise that works in light manufacturing; DSOA has suitable facilities for it.
— No If
- You are involved in manufacturing that is heavy in nature. In that case, Dubai Silicon Oasis will not suit you as it does not have any facilities appropriate for the task. We suggest you try JAFZA Free Zone, UAQ Free Zone, or Hamriyah Free Zone.
- There are no available options for people to freelance in the DSOA. You could try Go freelance by TECOM or look at the DMCC freelance license.
Process of Company Formation for DSOA
Regardless of where you are, abroad or in the UAE, you can remotely register your company, and the process will be completed within 2-3 weeks.
The process of company formation starts with a selection of an office facility. We suggest you view them in order to get a proper understanding of all offers.
Step 1: Determine your business activity and the type of license offered by DSOA that suits you.
It is of utmost importance to approach this particular question carefully, as selection of the wrong location, registration authority, or activity can lead to issues during the registration process of the company. This can further lead to issues with getting a residence visa or opening a bank account.
Step 2: DSOA requires a minimal package of documentation. You must prepare all required documents.
The documents required include:
- visa
- mobile number
- residential address and email address
- photo
- passport with the validity of six months
This set of documents is necessary if there is a group of shareholders. Notarized documents need to be presented by the group of shareholders when they decide to form a company. These documents include:
- trade license
- certificate of incorporation
- memorandum and AoA
After all the necessary paperwork has been drafted and all needed documents have been compiled, you are required to pay the necessary fees for the process of registration. Then you will be allowed to proceed with the application.
Step 3: Receive the registration and license documents for the company
These documents include:
- Articles of association and MoA
- lease agreement
- trade license
- certificate of incorporation
Step 4:
Receive the card of establishment, which allows you to sponsor residence visas and contains information about your company
Step 5: Apply for an entry permit
If you’re from outside the UAE, then you must arrive in the country to get your permit for entry stamped. Then you can proceed with the rest of the residence visa process through the submission of all necessary documents.
After the entry permit has been issued, if you’re in the UAE, you will have to change the status of your visa from the previous one to residence visa.
Step 6:
Submit documents for a residence visa after undergoing a medical checkup.
Step 7:
Apply for an Emirates ID Card.
Step 8:
Complete the process of biometrics in one of the Emirates ID centers.
Step 9:
Once the results of the biometrics and medical test have been received, you can submit all necessary documents for the approval of your visa. Through your email, you will receive your electronic visa. You can further find your electronic visa in the UAE ICP app.
Step 10: You will receive your Emirates ID
After the issuance of your residence visa, the government will prepare a plastic identity card.
This is a required document, as this will aid you in the process of opening your bank account along with paying fines and bills and renting an apartment. You will further be entitled to many local discounts and services.
Step 11: You need to open a bank account
You can open a corporate bank account by applying to any bank in the UAE. The process of approval may be completed within weeks. You can start running your business in the UAE after receiving the details of your account.
Don't miss out on this limited-time opportunity!
We'd Love To Hear From You
contact us
Find us Here
Office No 20, 4th Floor, Al Moosa Tower 2,
Sheikh Zayed Road Dubai, United Arab Emirates P.O. Box 27614.
Get In touch
+971 4 824 4842
info@jsbincorporation.com
Send Your Inquiry
Know About DSOA licenses and cost
The cost of the license starts from 12,000 AED in the DSOA. Renting the office is necessary when setting up a company in the DSOA free zone. The smallest size of office available is 13.5 sq. m. 4 postdated checks can be written out to make the payment for offices.
| ITEM | COST IN AED |
|---|---|
|
License, 2 visas |
12,000 |
|
Office 13.5 sq. m. |
28,392 |
|
Office deposit for 13.5 sq. m. |
2,704 |
The following types of licenses are available for Dubai Silicon Oasis Business Setup:
- Service License: This allows you to provide services on a professional level under a specified license.
- Trade License: This allows you to engage in activities related to the distribution, export, and import of goods specified in the license.
- Industrial License: This allows you to set up a company that needs to export products after importing raw materials, processing, and manufacturing them.
Business activities offered in DSOA
Dubai Silicon Oasis free zone follows the list of business activities given by the Department of Economic Development. Inclusion of 7 different business activities under the same segment (potentially industrial, service, or trading) are allowed.
However, those business activities only available on the mainland are excluded in the DSOA free zone. In this free zone, freelance options are not available.
Facilities available in DSOA
DSOA offers plans for facilities that are flexible in nature and are suitable for all types of licenses, from large corporations to startups.
Workstation: A dedicated office space that is equipped with all amenities for professionals and businesses is referred to as a workstation. This facility offers access to business support services, meeting rooms, modern office furniture, and high-speed internet.
Benefits of workstations include networking opportunities, prestigious business addresses, a vibrant tech community, and proximity to key transportation and commercial hubs. This makes it an ideal location for established companies and startups alike.
Office spaces: This comes with comprehensive features such as disabled access, an onsite cafe, telephone systems, co-working areas, CCTV, reception, air conditioning, furnished set-ups, meeting rooms, managed services, high speed broadband, 24-hour access, and parking.
This form of integrated approach allows an efficient and seamless working environment for all sizes of businesses.
Light industrial units: Light industrial units offer facilities that are designed for warehousing activities, assembly, and medium- to small-scale manufacturing. They are located strategically within a very comprehensive free zone. These units provide easy access to ensuring efficient logistics, distribution, and major transport hubs.
They cater to the diverse needs of various enterprises that are industrial in nature with the provision of modern infrastructure, a supportive business environment, and 24-hour security.
The office spaces can be leased within the Silicon Oasis either in any business tower or the following towers managed by the free zone:
- techno hub
- offices of dubai digital park
- rent inclusive of utilities in the headquarters building
All offices have inclusive raised ceilings, flooring, and curtain blinds. Flexible rental rules are provided with the DSOA authorities. Under the free zone management, companies can rent an office or from any other landlord in the Silicon Oasis. This is inclusive within the freehold areas.
Furthermore, companies that have registered with the Department of Economic Development of Dubai can also rent offices in this free zone.
What are DSOA visa costs?
Companies in the Dubai Silicon Oasis Free Zone are eligible for a specific number of visas on the basis of the size of the office. For every 9 sq. m., every company is eligible for one residency visa. For instance, a 50 sq. m. office entitles you to a 5 visa slot. Partner visas or investor visas are not issued by DSOA.
Some managerial designations are issued by all visas. Importantly, the general manager of the company must hold a visa, which is for residents from the Dubai Silicon Oasis. All visas are valid for 2 years. An additional cost of 5,000 AED is applicable to all applicants over 60 years of age.
| DSOA FEES IN AED | VISA | MEDICAL CHECK-UP | EMIRATES ID |
|---|---|---|---|
|
Applicant in the UAE |
4,860 |
637.5 |
330 |
|
Applicant outside the UAE |
3,260 |
637.5 |
330 |
Company renewal process in DSOA
It is essential to renew the license of a company annually. This involves payment of the license fees and office rent. The process of renewal takes about 2 weeks.
You’re further needed to submit the annual audit reports of your company. The first audit should be conducted within 18 months of the company’s first registration date.
DSOA company amendments
- change of company manager
- amendment to the business activity
- change of the company name
- transfer of shares
From AED 500, the amendment fees start for companies in Dubai Silicon Oasis free. This can reach up to AED 2,000. While some amendments can be performed remotely, a change of shareholders might be necessary for personal presence.
DSOA company liquidation
- cancellation of license
- establishment of card cancellation, which takes about 7-10 working days (if the company was visa eligible)
- cancellation of visa, which takes about 7-10 working days
In the event of liquidation, you need to provide a final audit report and to return all the original documents of the company. Any existing lease agreements must be terminated along with all visas being closed. Before applying for the liquidation of your company, your corporate bank account must be closed. A letter proof must be obtained from the bank confirming that. An official deregistration letter would be received by you from the free zone as a formal confirmation of the liquidation, once the company has been dissolved.
Conclusion
JSB Incorporation helps set up your business in the DSOA free zone using their skilled professionals, offering the affordable package for visa-eligible companies in Dubai. With JSB Incorporation, the esteemed employees of this company can aid you in the process of setting up your business.
They will be right by your side from the beginning of the process till your company is up and running. In case of liquidation requirements, our company is experienced in helping you liquidate your business organization.
FAQs
A personal visit to the UAE is required as per the regulations of the Central Bank of the UAE. However, some banks allow remote account opening.
For a company to be eligible for resident visas, a flex desk is mandatory. It serves as the minimum physical office space that a company with individuals under its visa must have.
VAT obligations depend mostly on the place of registration along with where the business activities take place. Paying VAT becomes applicable when the taxable turnover reaches AED 375,000.
UAE is free from personal income tax. However, there is a 5% import tax on goods brought into the country and a 5% VAT on trading or service transactions that occur within the UAE.
While we strive to make the account opening process as smooth as possible, we cannot guarantee the approval as it ultimately depends on the bank. Each case goes through several bank departments for approval, and the bank may contact you directly for clarifications.
Don't miss out on this limited-time opportunity!
We'd Love To Hear From You
contact us
Find us Here
Office No 20, 4th Floor, Al Moosa Tower 2,
Sheikh Zayed Road Dubai, United Arab Emirates P.O. Box 27614.
Get In touch
+971 4 824 4842
info@jsbincorporation.com