Jan 25, 2021 
Accounting
DSO or Dubai Silicon Oasis
Dubai Silicon Oasis was established in the year 2004 and is completely owned by government of Dubai under Dubai Silicon Oasis Authority. It has Dubai’s first smart city which is named as Silicon park. It is also a home for Dubai Technology Entrepreneur Campus which is the largest startup campus in the Middle East.It is a business hub which is rich in hi-tech innovation and highly advanced technology.
DSO provides:
- In house immigration and Visa services which operates directly with Dubai Naturalization and Residency Department (DNRD)and immigration departments.
- Customs services through its Dubai Customs branch.
- Municipal services including building certification and construction approvals.
- A Free zone establishment (FZE): An FZE is a legal entity incorporated/registered by a single shareholder.
- A Free zone company (FZCO): An FZCO is a legal entity incorporated/registered with a minimum of two shareholders.
- A branch: Whether in the UAE or abroad, businesses are able to register its branch in the Dubai Silicon Oasis. The activity of the branch must correspond directly to the business activity of the head office.
- DED registered companies: Companies already established with the Dubai Economic Department (DED) and who wish to operate in the Administrative Zone in DSO (i.e. in non-DSOA property) should apply for a Business Operation Permit.
- For FZE – each share in multiples of AED 100,000
- For FZCO – each share in multiples of AED 10,000
- Trade license
- Service license
- Industrial license
- Business Operation Permit
- Entrepreneurial Business License
- Application form
- Letter of Intent
- A business plan
- Company profile and brochure
- Annual audited financial report in case of a branch
- Bank reference letter (Original for each shareholder)
- CV and passport copy of shareholder and manager
- No objection letter from the sponsor, if it is a UAE based company
- Attested and notarized Memorandum of Association/Article of Association. It must be attested from the UAE Embassy at the place of origin.
- Board resolution to be resolute by the board of directors for your existing company/entity at the place of origin. Expressing intent of establishing a new setup abroad. It must be attested and notarized by the UAE Embassy
- Certificate of registration of an existing company or entity, license. Or certificate of incorporation of an existing company or entity attested and notarized by the UAE Embassy.
- Submission of the relevant documents and the application form to DSOA.
- Initial approval to be obtained from DSOA.
- Office space needs to be chosen as per the requirements of the business and submit the lease agreement to the authority.
- Corporate documents to be obtained from DSOA.
- 100% foreign company ownership and 100% repatriation of capital and profits
- No restrictions on currency and employment
- No corporate tax, income tax, Import or Export tax.
- Easy and speedy company set up and licensing procedures
- Direct access to MENA markets
- High class infrastructure
- Investment incentives
- Offices
- Light Industrial Units used for multiple uses for Warehousing and Manufacturing
- Land for development company’s own facility
- Restaurants
- Cafés
- Running Track around the lake
- Submission of notice to DSOA, which must be provided 3 months before the date of liquidation.
- Board resolution must be provided regarding the liquidation of the company. In case
