Some investors want to know how to establish a company in the Silicon Oasis Free Zone because Dubai Silicon Oasis was established by the Dubai government in 2004, and is a unique free zone known for world-class innovation, design and development in the field of photovoltaics, nanotechnology, electronics and other supporting industries. . It extends across 7.2 square kilometers and has advanced public, industrial, living, residential, commercial and educational facilities. Dubai Silicon Oasis aims to attract companies working in the field of electronic manufacturing systems, precision projects and related electronics. Dubai Silicon Oasis Authority is strategically located in Dubai and is easily accessible from Dubai International Airport, Jebel Ali Port and Port Rashid making it a popular investment destination. Through this article, we will review a number of details about establishing a company in the Silicon Oasis Free Zone .

Establishing a company in the Silicon Oasis Free Zone

Silicon Oasis Free Zone

Dubai Silicon Oasis is a specialized free zone focused on technology and innovation in Dubai. This region features advanced infrastructure that includes modern facilities and a high-speed communications network, making it an ideal environment for technology companies and startups. One of the most prominent advantages of establishing a company in Dubai Silicon Oasis is enjoying 100% foreign ownership, in addition to a long-term tax exemption of up to 50 years on profits and income. It is also allowed to repatriate capital and profits without restrictions, giving companies high financial flexibility.

The free zone also provides fast and efficient government services that include issuing licenses and permits, as well as facilities for issuing residence visas for employees and investors. Dubai Silicon Oasis is strategically located with easy access to global markets, making it an excellent starting point for business expansion. In addition, the region fosters a dynamic business environment thanks to a community of companies specializing in technology and innovation, providing great opportunities for collaboration and partnerships. Thus, Dubai Silicon Oasis is an ideal destination for companies seeking to grow and expand in a supportive and prosperous environment.

Steps to establish a company in the Silicon Oasis Free Zone

To establish a company in the Dubai Silicon Oasis Free Zone, you must follow the following steps:

1. Choosing a business activity : Determine the type of business activity you want to practice, whether commercial, service, or industrial.
2. Choosing the type of company : Determine the type of legal entity of the company (limited liability company, branch of a foreign company, representative office, etc.).
3. Choosing a trade name : Choosing a trade name for the company that complies with the rules of the free zone and obtaining its approval.
4. Submitting a license application : Submitting an application to obtain a license from the Dubai Silicon Oasis Authority, including submitting the required documents such as a copy of the passport, a business plan, and others.
5. Signing the lease contract : Renting an office or work space in Dubai Silicon Oasis. You can choose from available options such as shared offices or private offices.
6. Obtaining approvals : Completing all procedures and obtaining the necessary approvals from the relevant authorities.
7. Issuing the license : After approving the application and completing the procedures, the commercial license is issued.
8. Opening a bank account : Opening a bank account for the company in one of the approved banks.
9. Registration with government agencies : Register the company with the relevant government agencies and obtain a commercial registration number.

These steps require cooperation with the relevant authorities in Dubai Silicon Oasis, and detailed procedures may vary depending on the type of activity and the nature of the company.

How can you establish a company in the free zone?

Establishing companies in the free zones in Dubai is much easier than establishing a company inside Dubai, as it can be 100% owned by any nationality, and the presence of a partner or sponsor who is a citizen of the UAE is not required, as the company is registered as a free zone establishment or it is a company belonging to The free zone or a branch or representative office in the free zone in Dubai. In this case, it is possible for the main company to be outside the Emirates, and it is not required to be inside the Emirates. The companies located within the free zone are regulated through the authority responsible for the free zone, which is the one that issues any licenses to the company. This depends on the location of the free zone and the activity it carries out. The type of license issued by the responsible authority varies according to the commercial activity. A company can be established in the free zone by following some steps, including:

1. Choose the company’s location
2. Agreeing on the trade name, as it is the name that distinguishes one company from another.
3. Obtaining the company’s business license.
4. Obtaining initial approval to start work.
5. Commercial license registration.
6. Complete the requirements for a commercial license and obtain it.

Advantages of establishing a company in the Silicon Oasis Free Zone

Establishing a company in the Dubai Silicon Oasis Free Zone provides many advantages, including:

1. Full Foreign Ownership : Foreign investors are allowed to own 100% of the company without the need for a local partner.
2. Tax exemption : Companies operating in Dubai Silicon Oasis enjoy a tax exemption on profits and income for up to 50 years, in addition to not charging value-added tax on most transactions.
3. Repatriation of all capital and profits : Companies have the right to repatriate all capital and profits outside the country without restrictions.
4. Advanced infrastructure : Dubai Silicon Oasis provides advanced infrastructure that includes a high-speed communications network, advanced business facilities, and ready-to-use offices.
5. Easy access to global markets : A strategic location in Dubai provides easy access to global markets thanks to the advanced transportation infrastructure.
6. Fast and efficient government services : The free zone provides fast and efficient government services that include issuing licenses and permits, in addition to providing administrative and legal support.
7. Dynamic business community : The presence of a community of companies specialized in technology and innovation enhances opportunities for cooperation, partnership and knowledge exchange.
8. Residence facilities : The free zone provides facilitating services for issuing residence visas for employees, investors and their families.
9. Easily expand : The possibility of expanding easily within the free zone thanks to the availability of office and industrial spaces.

Dubai Silicon Oasis is an ideal environment for technology companies and SMEs seeking to innovate and grow in a supportive and thriving environment.

To establish a company in the Dubai Silicon Oasis Free Zone, you need to submit a set of documents, which may vary slightly based on the type of business activity and the type of legal entity of the company. In general, the documents required include:

1. License application form : Fill out the license application form for Dubai Silicon Oasis.
2. Business plan : Submitting a detailed business plan that explains the company’s objectives and the type of commercial activity to be practiced.
3. Copy of passport : A colored copy of the passport of each of the company’s shareholders and managers.
4. Personal photos : Passport-sized personal photos of both shareholders and directors.
5. Commercial Registry : If the company is a subsidiary of a parent company, a copy of the parent company’s commercial register and a certificate of good standing must be submitted.
6. Proof of address : Submitting a document proving the residential address of both shareholders and directors (such as a utility bill or bank statement).
7. No-objection letter : If the founder or director is located in the UAE and works for another entity, you may need to submit a no-objection letter from his current employer.
8. Delegation of Directors : In the event that directors are appointed from outside, a Board of Directors resolution authorizing them must be submitted.
9. Memorandum of Association and Articles of Association : Preparing and signing the Memorandum of Association and Articles of Association of the company.
10. Power of Attorney : If there is an agent carrying out the establishment procedures, an official power of attorney must be provided to him.

You may need to provide additional documents based on specific requirements of Dubai Silicon Oasis and the type of business.

 

How can you establish a company in the free zone?

 

Cost factors for establishing a company in the free zone

The cost of establishing a company in the Dubai Silicon Oasis Free Zone is affected by several factors, including:

1. Type of license : Costs vary depending on the type of commercial license required, whether commercial, industrial, service, or other.
2. Type of legal entity : Establishment costs vary depending on the legal entity such as limited liability company, branch of a foreign company, representative office, etc.
3. Office Space : The cost of renting an office varies depending on the type and size of space required, whether it is a shared office, a private office, or industrial space.
4. Paid-in capital : There are requirements for paid-in capital that vary depending on the type of activity and the type of legal entity. Paid-up capital can affect the fees required for registration and licensing.
5. Licensing and registration fees : These fees include registration fees with Dubai Silicon Oasis, annual licensing fees, and fees for issuing the required permits.
6. Governmental and advisory services : Costs of governmental procedures and advisory services required to complete the establishment process.
7. Number of visas required : The more employees are required, the more expensive it is to issue residence visas to employees.
8. Insurance and Permits : You may be required to purchase necessary insurance and obtain special permits for some activities.
9. Office Equipment : Office equipment costs, including furniture and technical equipment.
10. Administrative fees : may include additional costs such as administrative transaction fees and logistics services.

These factors vary depending on the company’s needs and the type of activity that will be practiced, and their costs can change based on strategic decisions made by the company during the establishment phase.

In conclusion, establishing a company in Dubai Silicon Free Oasis is a golden opportunity for investors looking to enter into a supportive and prosperous business environment. The free zone offers a range of unique benefits such as full foreign ownership, tax exemptions, and advanced infrastructure, making it an ideal destination for technology companies and startups. Dubai Silicon Oasis also provides easy access to global markets, providing great opportunities for expansion and growth. With easy and fast procedures for obtaining licenses and efficient government services, companies can focus on achieving their business goals without complications. Establishing a company in this region is not just a step towards starting a business, but rather a long-term investment in innovation and success.

 

Frequently asked questions about establishing a company in the free zone

What types of companies can be established in Dubai Silicon Oasis?

Limited liability companies, branches of foreign companies, representative offices, and other legal entities can be established.

Can foreign investors own 100% of the company?

Yes, foreign investors are allowed to own 100% of the company without the need for a local partner.

What types of licenses are available in Dubai Silicon Oasis?

Commercial, industrial, service, and educational licenses are available, among others.

What tax benefits are available in Dubai Silicon Oasis?

Companies in the free zone benefit from a tax exemption on profits and income for up to 50 years, in addition to not charging value-added tax on most transactions.

What are the requirements to obtain a commercial license?

Requirements include submitting a license application form, a copy of the passport, a business plan, registration fees, and other documents.