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Dubai Silicon Oasis Free Zone

 

Dubai Silicon Oasis was established by the Government of Dubai in 2004 and is one-of-its-kind Free Zone reputed for world-class innovation, design, and development in the field of photovoltaic, nanotechnology, electronics optoelectronic technology, and supporting industries providing equipment and materials for the production of information and communications technologies using semiconductors. It is the only technology park in the UAE to provide integrated living and working community. DSO was set up as a global and collaborative initiative to facilitate and promote modern technology-based industries in the Middle East, and provide the world’s best business climate to the entire electronics value chain in the form of highly educated personnel and access to shared capital.

Spread across 7.2 square kilometers, DSO is superbly governed by Dubai Silicon Oasis Authority (DSOA) and enjoys advanced public, industrial, living & residential, commercial, and education facilities. Dubai Silicon Oasis aims at attracting companies engaged in Semiconductor Manufacturing, Electronic Manufacturing Systems, Microelectronics, Fabless IC Design, Test & Assembly, and optoelectronics related enterprises.

Strategically located in Dubai at the trade junction of Europe & Asia, DSO is easily accessible from Dubai's International Airport, Jebel Ali Port & Port Rashid, and central business district making it a popular investment destination. Dubai Silicon Oasis has lived up to its economic diversification strategy and has successfully transformed UAE into a knowledge-based economy by positively impacting almost all economic sectors including trade and services, finance, employment, and banking, etc.

Business Setup in Dubai Silicon Oasis

Companies operating within the Dubai Silicon Oasis Free Zone avail a wide range of free zone incentives and additional benefits; like 100 percent ownership, advanced IT network, and business-friendly environment specifically designed for the technology industry. Therefore, company formation in Dubai Silicon Oasis is dream come true for anyone associated with the technology domain, and as a result, popular global companies have their presence in DSO, including AMD, Fujitsu, Henkel, Nortel Networks, Philips, Schneider Electric, Synopsys, Wavetec and Western Digital, among others.

Business setup in Dubai Silicon Oasis has also received a substantial boost due to its dynamic commercial and social environment, and presence of advanced industrial zones, office towers, villas & apartments, R&D units, educational institutions, and healthcare units.

Benefits of Setting Up a Business in DSO

Company incorporation in Dubai Silicon Oasis is a lucrative proposition due to excellent business infrastructure, liberal government policies and the following reasons:

  • - No restrictions on currency or minimum capital investment
  • - 100% foreign ownership: DSO allows its clients to operate as a wholly owned entity, without any need for local partnership. Moreover, the shareholder's liability is limited to the amount of its paid-up share capital
  • - 100% personal and corporate tax exemptions
  • - 100% repatriation of capital and profits
  • - No currency restrictions and flexibility for companies to transfer any required capital
  • - 0% customs duties on import and/or re-export
  • - No restriction on hiring foreign employees
  • - State-of-the-art IT infrastructure – fibre rings, Wi-Fi coverage, on-site data centre, high-speed Internet access, and a full suite of services with tier-3 data centre
  • - Thriving urban community with core technology zone, surrounded by a master-planned residential environment, consisting of villas, technologically advanced commercial and residential high-rise buildings

Types of Licenses Issued for Company Formation in DSO

Based on the type of business activity to be performed, three types of business licenses are issued in Dubai Silicon Oasis by the DSOA:

1. Trading License

It allows the license holder to import raw materials, export, distribute, and store items specified in the license to any country.

2. Service License

It allows the license holder to carry out the services (like legal advisory, accountancy, and business consultancy) specified in the license within the free zone. The type of service must conform to the parent company’s license, issued by the Economic Department or Municipality of the relevant Emirate in the UAE.

3. Industrial License

Allows the registered entity to import raw material, manufacture, process, assemble, package and export the finished product

Special Licences

Business Operation Permit: This is a special permit given to companies by the Dubai Economic Department (DED) operating under the areas owned by private

Entrepreneurial Business Licence (EBL): EBL is a low-cost license that offers a lesser business stake, and is designed to offer a wide range of support resources and services to budding entrepreneurs who are members of DSO’s incubator program

Contact us to set up your business in Dubai Silicon Oasis, our team will be glad to assist you!

For more information and enquiries, please (Contact Us) at  00971558879700 or email us at info@sterlingheightsuae.com

   

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