Dubai Silicon Oasis is steadily gaining the reputation as an investment hotspot. This free zone region is ideal for any type of business set up in Dubai. The Oasis is essentially a business and cultural hub that allows individuals to live, work, play and party.
It is a master planned community that fosters innovation, mobility, state-of-the-art infrastructure and offers tremendous opportunities to businesses. Under the leadership of Dr. Mohammed Al Zarooni, starting a business in Dubai Silicon Oasis has become an investor’s dream. So, what really makes this free zone so elusive? Let’s find out.
Complete Ownership Of Business
As with all free zones, a business setup in Dubai Silicon Oasis gives you complete ownership of the business i.e. you will not be bound to bring in an Emirati national as a majority shareholder. Moreover, your business will be exempt of income tax, corporate tax and import/export tax.
Affordable
It might come as a surprise, but the working costs for a business or start up is actually quite low here. With a firm focus on technology and sustainability, the U.A.E government has sanctioned subsidy programs to grant easy loans and financial assistance to businesses.
THE DSOA Headquarters
Right in the heart of the Dubai Silicon Oasis is the DSOA Headquarters. Think of it as an incubation center cum workspace that features modern, high tech facilities for businesses. The headquarters is home to a plethora of startups as well as established businesses – ranging from hr and recruitment setups to digital marketing and more. Some of the stand out features of the facility include but are not limited to: –
- Uninterrupted high speed internet
- VoIP Connections
- Dedicated server and data center
- Exquisite ambiance – featuring boutique curtains, flooring and wallpapers
- Round the clock security
- Power backup
- Nearby shops, restaurants and banks
Types Of Company Formation in Dubai Silicon Oasis
- Free Zone Establishment
A free zone establishment is registered by a sole owner/shareholder. The criterion for a shareholder is this: – it can either be a corporate entity or a person.
- Free Zone Company
A free zone company on the other hand allows a minimum of 2 shareholders. Again, it can either be individuals or corporations.
- Branch/Extension
A branch or extension permits an already established business, whether in the Emirates or outside of it to open a business in Dubai Silicon Oasis.
Furthermore, there are 3 types of licenses – a service license, trade license and industrial license. All 3 types are required to offer specific services/products.
In the end, we can conclude that a business set up in Dubai guarantees profitable returns in the long term. Dubai Silicon Oasis is fast transforming into a business hub providing business owners the necessary exposure and traction to gain market share in Dubai and adjoining areas. Click here to know about the business set up opportunities in Dubai Silicon Oasis.
