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

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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.

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