What is Dubai Silicon Oasis (Free zone in Dubai)?

Dubai is an appealing setup for trade as it offers everything that a business required. The key area, less or no charge suggestion, friendly government and the nearness is one of the greatest and rising markets all around the world. There is additionally exceptionally significant factor which plays a really enormous part in drawing in the companies to these free zones. These free zones offer benefits and assistance in boosting the worldwide commerce.

The Dubai Silicon Oasis (DSO) was set up in the year 2004 by the Government of Dubai with the motive to promote technology based companies within the GCC nations and Middle East. The foundation of the Dubai Silicon Oasis authority was a worldwide collaboration and offers state the foundation for offices as well as private regions with all the desired amenities. This free zone is spread across 7.2 square kilometers and is known for the development and the improvement within the field of innovation and gadgets. The free zone can be gotten to by all the modes of transport. With a nearness to Dubai’s Worldwide Airplane terminal, it is very simple for the people and companies within the free zone can go around the world.

Types of Business in DSOA

Businesses that need to do trading and manufacturing activities inside the DSO are first required to get registered under DSOA and get a substantial business permit with respects to business activities. After that a business house can operate their business activities under the following structures:

    1. FREE ZONE COMPANY (FZCO)
      • Minimum 2 shareholders. (Individual or corporate entities).
      • Minimum capital requirement is AED 500,000.
      • Limited liability status.
    1. FREE ZONE ESTABLISHMENT (FZE)
      • Single Shareholder.
      • Minimum capital requirement is AED 100,000.
  1. BRANCH OF A LOCAL OR INTERNATIONAL COMPANY
    • Activities that are identical with those carried out by its parent company.
    • No requirement for minimum capital.

Advantages Offered to DSO Clients

The free zone offers many benefits to the companies which have been registered in the free zone. Mentioned below:

  • State of the art infrastructure and the latest technology for the IT Sector.
  • Simplified business support services with a presence of an online business system.
  • Easy availability to business setup licenses and other necessary services.
  • Easy access to consumer market of 1.5 billion people.
  • 100% foreign ownership and repatriation of capital and profits.
  • No Income or Corporate Tax.
  • Easy availability of labour and technical professionals.
  • Incentives on investment as per regulations set by the DSOA.

For more information on this topic, please visit our Insights Section or Contact Us

For enquiries, call +971 5679 52590 / E-mail: info@aviaanaccounting.comm

Related Articles:

  1. Top Ranked 10 Audit Firms in Dubai UAE 2024: Guide and Reviews
  2. Audit Firms in Khalifa Industrial Free Zone Abu Dhabi – KIZAD
  3. Audit Firms in Abu Dhabi
  4. Audit Firms in Fujairah
  5. Audit Firms in Ajman
  6. Audit Firms in Sharjah
  7. Top Audit and Accounting firms in Dubai, Abu Dhabi, Sharjah, UAE (2023)
  8. Audit Firms in Ras Al Khaimah- RAK
  9. Approved Auditors in Dubai Silicon Oasis Authority
  10. Approved Auditors in DAFZA- Dubai Airport Free Zone Authority
  11. Approved Auditors in Dubai Design District – the D3
  12. Which are the Advantages and Disadvantages Of Cash- Basis Accounting in Dubai?
  13. Which are the Accounting Missteps That Most Entrepreneurs Make in Dubai?
  14. Which are the Best accounting apps for Dubai based Startups?
  15. How does Outsourcing of Accounting work in KSA?
  16. What are Methods of Error Detection While Auditing for Dubai and Abu Dhabi?
  17. What are Questions to be asked to CPAs to Reduce Audit Risk in Dubai?
  18. What is Dubai Silicon Oasis (Free zone in Dubai)?
  19. What are Principles for DMCC Approved Auditors in Dubai?
  20. What is Importance of Hiring Best Audit Firms in Dubai for better Tax planning?
  21. What are Qualities in Approved Auditor in DMCC (Dubai)?
  22. What is Role of Auditors in Abu Dhabi and Dubai?
  23. How does Audit work in DMCC in Dubai?
  24. How does Audit work in JAFZA in Dubai?
  25. How does Audit work in SAIF Zone in Dubai?
  26. How does Audit work for Free Zone companies in Dubai and Abu Dhabi?
  27. How does Audit work in Dubai South?
  28. What are Functions performed by internal auditors in Dubai?
  29. Bahrain Guide: What is VAT Audit?
  30. UAE Guide: What is VAT Audit in Dubai?
  31. UAE Guide: What is FTA Audit File of VAT in Dubai?
  32. What is the process of Internal Auditing?
  33. Auditing Role in Modern Cybersecurity Challenges
  34. How Artificial Intelligence Will Change the Auditing Function
  35. What is Auditing Evidence? How External Auditors support their Opinion?
  36. Value Addition for Business with Auditing
  37. Compliance and Auditing: Are these both the Same?