Dubai Silicon Oasis DSO is a well-known free zone in the UAE. It offers high-quality living standards and an excellent work environment. DSO is a unique, world-renowned technology hub that combines innovation and creativity.
DSO has gained recognition because of its development in nanotechnology, electronics, optoelectronic technology, and photovoltaics.
DSO was set up with the modern technology-based industry in mind. It is suitable for businesses and investors that conduct activities in Microelectronics, Test and Assembly, Electronics Manufacturing Systems, and Optoelectronics-related fields.
Additionally, it has the proper setup for Fabless IC Design and Semiconductor Manufacturing.
Trading to Asia and Europe is accessible as it is near the Dubai International Airport, Port Rashid, and Jebel Ali Port. Thus, it is in an ideal location.
You gain many advantages by setting up a company in DSO Free Zone. Let us discuss some of the most substantial ones for business setup:
You can have 100% foreign ownership of your business in Dubai Silicon Oasis, which is one of the major reasons it attracts foreign investment from around the world.
Businesses in Dubai Silicon Oasis Free Zone need to pay a low corporate tax rate of 9% if their profits exceed the threshold of AED 375,000. Thus, they can save substantial money by choosing the Dubai Silicon Oasis free trade zone.
Businesses do not need to worry about paying paying high corporate tax in DIC. They only owe 9% corporate tax on profits that are over AED 375,000. Corporate tax rate is lower in Dubai free zones compared to other countries. The personal income tax rate is 0% in this free zone.
DSO has fairly low import and export duties, so businesses can easily import and export their goods.
In this free zone, businesses can avail top-notch facilities, such as luxurious office spaces, fast & reliable internet services, and exceptional industrial locations.
As an investor, you find many opportunities to expand your network in the Dubai Silicon Oasis Authority. Furthermore, it promotes collaboration through co-working spaces and incubators.
There are plenty of reasons to start your business in this free zone. However, you must choose the right license type before you can do so.
You have the options of trading, industrial, and service licenses. The nature of your business is the determining factor. Let us discuss the business license types available:
A trading license is necessary to start a business that involves buying and selling goods. For example, import and export businesses, sales companies, and general stores operating in DSO.
You must get a service license if you offer medical or repair services. It is also necessary for artisans and craftsmen, such as beauty salons.
Manufacturing businesses in DSO need an industrial license. They convert materials into final products, such as precious metals.
There are various types of company formation in Dubai Silicon Oasis, including:
A trading license allows you to form a business that buys and sells goods. Investors can establish import and export businesses.
You need a service license to provide professional services in JAFZA. It allows you to offer medical, artisan, repair, or craftsmen services. For example, hair salons require this license in the UAE.
This license allows the holder to import materials , assemble, manufacture, process, package and export the products
Businesses involved in storage, transportation, distribution, forwarding, and clearing services require a logistics license to operate as a JAFZA Free Zone Company. Since this free zone is close to the port of Jebel Ali, companies that offer clearing and forwarding services prefer this license type.
To setup a company in Dubai Silicon Oasis, you need to follow these steps:
Before you can start your business operations, you know your company type. You can choose from the following options: Free Zone Establishment (FZE) Free Zone Company (FZCO) Branch of a Foreign Company Branch of a Local Company
Once you decide on your company type, you must choose a non-offensive name that complies with the regulations.
After reserving your company name, you need to register your company. Get the required documents in order. They may vary depending on your company type. You must get the filled-out application form, passport copies and passport-sized photos of the company’s directors and shareholders.
The final step is to get the license. After obtaining the trade license, you can start your business operation in the Dubai Silicon Oasis Free Zone Authority without any hurdles. You can also open your business bank account for transactions.
Dubai Silicon Oasis Free Zone is a global trade hub. Foreign investors want to expand their business in this free zone.
Why not simplify the business setup process with RFZ? We offer quality services, including company registration, licensing, UAE residency and corporate bank account opening assistance.
Our business consultant will help you through the legal formalities of opening a company in Dubai.
RFZ CSP has been helping clients with company formations & business consultancy in the UAE.
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