Dubai Silicon Oasis Free Zone is solely owned by the government in Dubai. A lot of investment has been made for the people so that they may enjoy the facilities in this free zone along with working and setting up their businesses here and you can explore business license types in Dubai .
Benefits of Dubai Silicon Oasis Free Zone
There are a lot of benefits that people thinking of investing here will get.
100 per cent ownership
Business set up in Dubai Silicon Oasis Free Zone will provide you with 100 per cent ownership. There will be no need for the local sponsors for the person to set up a company here. This is how the person who set up a business here will have the hold on his business solely.
It is present in an ideal location which is near the major transport and business hubs present in Dubai. In addition to that, this free zone is only 20 minutes away from the Dubai International Airport, 20 minutes away from the business district and 40 minutes away from the Jebel Ali Port and Port Rashid which adds to its benefits a lot.
Starting your business in tax free zones is another benefit associated with Dubai Silicon Oasis Free Zone. No VAT is to be paid by the companies that open here and there is No restriction on capital repatriation. Additionally, there is 0% import or re-export duties, No currency restrictions, No restriction on foreign talent or employees and Onsite customs
There are total of three business types that people can choose from at Dubai. The main thing on which the type of the license depends on is the business activity of the company. there are companies who have a lot of branches. These branches are not allowed to carry out the activities of their parent’s company not any other.
There is a total of three operating licenses for the companies that are going to open at Dubai Silicon Oasis Free Zone.
- Service license
- Trade license
- Industrial license
only specified services can be carried out by the companies under this license
only the activities that are related to the trade can be carried out under the trade license. These activities may include the import, export and the distribution of items in different areas that are specified by the license.
Industrial activities including the import of the raw material, packaging, processing and assembly etc. of the products can be carried out if the company is having the trade license. If not, the company would not be able to do such activities or if it does, all of them will be considered as illegal.
Another category of licenses are the special licenses.
- Business Operation Permit:
Those companies who are operating in the administrative zone of DSOA would be needing a special business permit. The license for that will be issued by a special department known as the Dubai Economic Department (DED).
Share capital required for Business Operation Permit
There is no capital share requirement for this type of a license.
MAF Consulting Middle East is the one of the leading business setup consultants in DSO