Dubai Silicon Oasis is one of the most prominent free zones specialized in the technology and innovation sector, providing an ideal environment for establishing startups and expanding in the field of technology. Located in the heart of Dubai, Silicon Oasis is characterized by being a global center that combines technological innovation and business development, making it an ideal destination for entrepreneurs and investors looking to enter the modern technology market.
Silicon Oasis seeks to enhance technological growth by providing advanced infrastructure, modern facilities, and the latest technologies that support innovation. The free zone allows investors to establish their companies with great flexibility, and provides them with multiple advantages, including full foreign ownership, tax exemptions, and fast and simplified registration procedures. The region also provides a dynamic business environment that enhances opportunities for cooperation and partnerships between companies in the field of technology.
Establishing a company in Silicon Oasis means entering a system that supports innovation and contributes to the growth of technology companies. It requires a clear understanding of the requirements and necessary procedures, including choosing the appropriate type of license and submitting the required documents. Companies will benefit from the presence of a vibrant community of technology companies and startups, giving them access to networks of potential customers and partners.
In this article, we will review the basic steps to establish a company in Silicon Oasis, highlighting the benefits and opportunities offered by this unique free zone, which contributes to achieving the goals of aspiring investors and entrepreneurs.
Establishing a company in a free zone such as “Silicon Oasis” in Dubai involves specific procedures. Here are the general steps to establish a company in Silicon Oasis:
Choosing the type of company: Determine the type of company you want to establish, such as a joint stock company, a limited liability company, or a sole proprietorship.
Determining the business activity: Determine the business activity you want to practice, and make sure it is compatible with the laws and requirements of Silicon Oasis.
Choosing the trade name: Choose an appropriate name for your company and make sure it is compatible with the regulations of Silicon Oasis.
Identify partners and shareholders: In the case of joint stock companies, identify partners and shareholders and their percentage of capital.
Identify capital: Identify the required capital and provide it according to Silicon Oasis requirements.
Submit required documents: The process of establishing a company may require submitting documents such as a passport, partner contracts, and other necessary documents.
Submit the application: Submit the application to establish the company to the Silicon Oasis authorities and follow the necessary procedures to complete the registration process.
Complete legal procedures: Ensure that all legal and regulatory procedures required to establish the company are met.
Obtain licenses and approvals: After submitting the application, try to obtain the necessary licenses and approvals from the competent authorities.
Open a bank account: Open a bank account in the name of the company to manage financial operations.
Fees associated with establishing a company in Silicon Oasis
When establishing a company in the Silicon Oasis Free Zone, there are a set of associated fees that must be taken into consideration. These fees include:
Registration and licensing fees: These include the fees for submitting the establishment application and issuing the company’s commercial license. These fees cover the cost of processing the application and issuing the license that allows the company to practice commercial activity.
Rental and leasing fees: These are related to leasing office space or other facilities in the free zone. These fees vary depending on the type and size of the space required.
Government services fees: These include various fees such as trade name registration fees, government approvals, and license renewals.
Establishment and legal procedures fees: These include fees related to preparing the legal documents required for registration, such as articles of association and their documentation.
Administrative services fees: These include fees related to administrative services that may be necessary, such as submitting requests for amendments to the license or additional documents.
Bank and banking fees: These include fees for opening bank accounts and money transfer procedures necessary to start business operations.
Insurance fees: Companies may need to pay insurance fees to cover potential risks, such as general liability insurance or employee insurance.
Advantages of establishing a company in the Silicon Oasis Free Zone
Establishing a company in the Silicon Oasis area in Dubai offers many advantages that make it an ideal destination
for investors in the field of technology and innovation. The following are the most prominent advantages of establishing a company in this free zone:
Full foreign ownership: Silicon Oasis allows foreign investors to own the company 100%, which gives them complete control over business operations without the need for a local partner.
Attractive tax exemptions: Companies in Silicon Oasis benefit from a full exemption from corporate tax and value-added tax, which helps reduce operating costs and increase profitability.
Advanced infrastructure: Silicon Oasis provides a modern infrastructure that includes advanced data centers, advanced technology facilities, and modern offices and laboratories, which supports innovation and rapid growth.
Ease of establishment procedures: The region is characterized by simplified and fast registration and establishment procedures, which saves time and effort for investors.
Government support and administrative facilities: Silicon Oasis provides strong government support that includes management consulting and logistics services, which helps companies navigate legal and regulatory procedures.
Opportunities for cooperation
