Dubai Silicon Oasis

International IT entrepreneurs wishing to operate in an urban community with state of the art IT infrastructure – fiber rings, WiFi coverage, on-site data center, high speed Internet access surrounded by a planned residential environment, consisting of villas, technologically advanced commercial, and residential high-rise buildings - to compliment their business are encouraged to relocate to the Dubai Silicon Oasis. Below is detailed information on the advantages and disadvantages of Dubai Silicon Oasis company formation, and Healy Consultants' capabilities in this area.

Dubai Silicon Oasis company formation is perfect for investors looking to set up a presence in the UAE to conduct the following types of activities: i) Information technology ii) Telecommunications equipments iii) Electronic, computer hardware iv) Software development & solutions v) Consultancy & business development vi) Electrical appliances & equipment vii) Engineering related to technology viii) Logistics ix) IT Security x) Talent development and recruitment.

Any entity wishing to perform a (commercial) activity within DSOA will require to establish it’s legal presence in DSOA and obtain a valid License for such an activity. There are three possible structures for an entity to have its legal presence in DSOA and are as follows:

There are three types of licenses according to the company’s requirement: i) Service License - Allows the registered entity to carry out only specified services ii) Industrial License - Allows the registered entity to import raw material, manufacture, process, assemble, package and export the finished product iii) Trade License - Allows the registered entity to import, export, and distribute the items specified in the license.

If properly-structured, Dubai Silicon Oasis company formation is the perfect way to legitimately book international profits without paying local corporation tax. There is neither any corporate tax nor personal income tax levied in Dubai. Furthermore, there are no requirements for an Dubai Silicon Oasis Free Zone company to prepare annual financial statements or tax returns to any authorities, making Dubai Silicon Oasis company formation easy to manage.

100% foreign ownership is permitted with Dubai Silicon Oasis company formation. There are 3 options for Dubai Silicon Oasis company formation: i) Free Zone Enterprise (FZE), only one shareholder is required ii) Free Zone Company (FZCO) iii) Branch. Furthermore, there are no restrictions on the repatriation of capital or profits from the UAE. A company located in Dubai enjoys 100% legal exemption from all import and export duties.

Healy Consultants will obtain the company registration certificate and operating license from the free zone authority without our client needing to travel to Dubai. Our related services include:

i) Submitting documentation to the free zone authority to obtain the company  registration certificate and licence, including application form;

ii) Assistance with drafting a business plan (in the format required by the free zone authority) to accompany the application;

iii) Opening a bank account for our client following Dubai Silicon Oasis company formation;

iv) Provision of all corporate and licence documentation to the client.

Healy Consultants are able to open global corporate bank accounts to support Dubai Silicon Oasis company formation. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services.    

Dubai Silicon Oasis has a very high minimum capital requirement of Dhs3,000,000 (US$822,000) for a General Trading licence only for FZE or FZCO, which must be paid up during incorporation.

Dubai Silicon Oasis Free Zone has high registration fees compared to other free zones. For example, the one off payment for FZCO is Dhs15,000 (US$4,100) one off payment for FZE is Dhs10,000 (US$2,750).

Dubai Silicon Oasis company licence fees are high (Trade Services & Industrial) valid for one year are Dhs15,000 ($US4,100).

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