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Dubai Silicon Oasis Free Zone

٠٦ مايو Dubai Silicon Oasis Free Zone

What is Dubai Silicon Oasis Free Zone? Dubai Silicon Oasis is one of the most prominent free zones in the United Arab Emirates, representing a vital center for technology and innovation. Established in 2004, the oasis aims to enhance Dubai’s position as a global center for technology and information. Dubai Silicon Oasis is home to a wide range of emerging and global companies in advanced technology fields, providing an ideal environment for innovation and development. The area is characterized by providing advanced infrastructure and integrated services that support business, in addition to attractive tax incentives. The oasis also hosts many events and initiatives that enhance cooperation between companies and academic institutions, which contributes to driving economic development and achieving the UAE’s vision of transforming into a knowledge-based economy. In this article, we will review more details about Dubai Silicon Oasis Free Zone , in terms of available opportunities, challenges facing it, and its role in promoting innovation in the region.

Dubai

Competitive Advantages of Setting Up a Company in Dubai Silicon Oasis

Dubai Silicon Oasis is one of the leading free zones in the UAE, providing an ideal environment for establishing companies, especially in the fields of technology and innovation. Here are some of the competitive advantages that make setting up a company in this oasis an attractive option:

  1. Tax Exemptions: Dubai Silicon Oasis offers a complete exemption from income taxes for up to 50 years, allowing companies to retain their profits and boost their growth.
  2. Full ownership: The free zone allows foreign companies to own 100% of its shares, giving entrepreneurs complete control over their business.
  3. Advanced Infrastructure: The oasis has a modern infrastructure, including equipped offices, industrial spaces, and advanced technical facilities that support the growth of companies.
  4. Innovation Environment: Dubai Silicon Oasis encourages innovation through dedicated support programmes, helping startups develop new ideas and excel in the market.
  5. Easy access to global markets: Dubai Oasis’ strategic location makes it an ideal launch point to access the markets of the Middle East, Asia and Africa.
  6. Government support: The UAE government offers a range of programs and initiatives to support entrepreneurs, including facilitating licensing and financing procedures.
  7. Business Networking: The Oasis provides an opportunity to connect with a diverse range of technology companies and investors, fostering collaboration and partnerships.
  8. Diversity of Business Activities : Dubai Silicon Oasis accommodates a wide range of business activities, including technology companies, logistics services, and startups.
  9. Education and Training Opportunities: The Oasis provides specialized training programs and workshops, helping companies develop the skills of their employees.
  10. Entertainment and cultural facilities: The area features entertainment and cultural facilities that enhance the quality of life, helping to attract distinguished talents and employees.
  11. In short, Dubai Silicon Oasis offers many competitive advantages that make it an ideal destination for establishing companies, contributing to enhancing the growth of the local economy and supporting innovation in the region.

Registration requirements to establish a company in Dubai Silicon Oasis

Establishing a company in Dubai Silicon Oasis requires adherence to a set of requirements and procedures that ensure the success of the registration process. Here are the basic steps and requirements:

  • Determine the type of company you want to establish, such as a limited liability company, a branch of a foreign company, or a sole proprietorship.
  • Choose the business activity you wish to practice from the list approved by Dubai Silicon Oasis.
  • Choose a unique business name that complies with local laws and is free of reserved names.
  • Submit an application for a commercial license through the Oasis’ electronic portal. And pay the required fees.
  • A physical address for the office in Dubai Silicon Oasis must be provided, which can be an office or a co-working space.
  • Open a bank account in the company’s name in a local bank.
  • Apply for work and residence visas for employees and shareholders.
  • Depending on the nature of the activity, you may need to obtain additional permits or approvals from government agencies.
  • Register the company with the Dubai Chamber of Commerce to obtain the necessary certificates.
  • Obtain the required insurance according to the type of business activity.
  • After completing all the procedures, you can obtain the commercial registration of the company. Make sure to follow each step carefully and seek assistance from a legal advisor or company formation services company if necessary to ensure that the process goes smoothly.

Documents required to establish a company in the Dubai Silicon Oasis Free Zone

The process of setting up a company in Dubai Silicon Oasis requires the submission of a set of essential documents to ensure smooth registration. Here is a list of the required documents:

  1. Application Form: Fill out the application form for company establishment available on the Dubai Silicon Oasis website.
  2. Passport photo: A copy of the passport of the owners and shareholders, ensuring its validity.
  3. Emirates ID copy: If a shareholder holds an Emirates ID, a copy of it must be submitted.
  4. Business Plan: Provide a detailed business plan that outlines the type of business, target market, and strategies.
  5. Professional Certifications: Provide academic or professional certifications of the owners (if required) to enhance the credibility of the project.
  6. Company Articles of Association: Preparing the articles of association and the agreement between the partners, if there is more than one partner.
  7. Approval of the competent authorities: Any additional approvals that may be required based on the type of business activity (such as approvals from the Ministry of Health if the activity is medical).
  8. Proof of office address: Provide a document proving the office address (lease agreement or workspace use agreement).
  9. Insurance: Documents related to insurance, if the activity requires it.
  10. Shareholder Signature: All shareholders must sign the required documents.
  11. Fees paid: Proof of payment of the fees required to establish the company.
  12. Previous Licenses: If shareholders have previous business licenses, copies of them must be provided.
  13. Ensure that all required documents are submitted correctly and completely to avoid any delays in the registration process. There may be additional requirements depending on the type of activity, so it is preferable to check the official website of the business unit in Dubai Silicon Oasis or consult Etqan Company for accurate information.

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Conditions for establishing a company in the Dubai Silicon Oasis Free Zone

To establish a company in Dubai Silicon Oasis, a set of conditions and requirements must be met. Here are the most important conditions:

  1. You must determine the type of company you wish to establish, such as a limited liability company, a branch of a foreign company, or a sole proprietorship.
  2. A business activity must be chosen that is in line with the permitted activities in Dubai Silicon Oasis, and must be supported by a suitable business plan.
  3. A physical address for the office in Dubai Silicon Oasis must be provided, where office lease documents or a workspace usage agreement must be submitted.
  4. A sole proprietorship is permitted, but some activities may require a certain number of shareholders.
  5. Shareholders or directors must have appropriate experience and qualifications related to the business.
  6. All required documents must be submitted correctly and completely, including passports, Emirates ID, business plan, and articles of association.
  7. You must comply with all local laws and regulations, including tax and employment laws.
  8. Some activities may require special approvals from certain government agencies before registration can begin.
  9. The minimum capital required depends on the type of activity, and is usually deposited in a local bank account.
  10. Register the company in the Dubai Chamber of Commerce and obtain the necessary certificates.
  11. Commitment to register in social insurance for employees (if there are employees).
  12. Legal documents should include a clause regarding limited liability for shareholders.
    Be sure to review these terms carefully and seek advice from professionals such as Itqan to ensure full compliance with the required procedures.

Dubai Silicon Oasis Free Zone

Dubai Silicon Oasis is one of the most prominent free zones in the UAE, established to promote innovation and technology development. The oasis provides an ideal environment for startups and large corporations, with a focus on activities related to modern technology, such as software development, electronics manufacturing, and research and development. Dubai Silicon Oasis also features advanced infrastructure, including modern offices and co-working spaces, in addition to integrated services such as logistical and marketing support. The oasis also contributes to attracting foreign investment by providing tax incentives and procedural facilities, which facilitates the process of establishing companies. Companies operating in this area enjoy complete freedom of ownership, as foreign investors can own 100% of their companies without the need for a local partner. In addition, Dubai Silicon Oasis provides a vibrant environment that encourages cooperation between companies, which facilitates the exchange of ideas and modern technologies. With its focus on innovation and providing the necessary support, Dubai Silicon Oasis is a preferred destination for investors and entrepreneurs seeking to achieve their success in the fields of technology and innovation.

In conclusion, Dubai Silicon Oasis is an ideal starting point for companies and investors seeking to enhance their presence in the world of modern technology and innovation. With its advanced infrastructure, supportive legal environment, and numerous competitive advantages, the oasis offers unique opportunities for excellence and growth. By supporting startups and facilitating business establishment, Dubai Silicon Oasis contributes to driving the local and regional economy towards greater diversity and prosperity. The UAE government’s commitment to promoting innovation and providing a stimulating business environment makes this free zone an attractive destination for investors from all over the world. If you are looking for an opportunity to enter the world of technology, Dubai Silicon Oasis is undoubtedly the ideal choice, as it combines innovation, support, and a forward-looking vision that enhances the success of companies. Therefore, investing in this oasis is not only a step towards achieving success, but also an investment in the future.

Frequently Asked Questions about Dubai Silicon Oasis Free Zone