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Establishment of a company in the Silicon Oasis Free Zone

١٨ أبريل Establishment of a company in the Silicon Oasis Free Zone

Establishing a company in the Silicon Oasis Free Zone, Dubai Silicon Oasis is one of the most important free zones in the Emirate of Dubai, as it is characterized by providing an integrated and suitable environment for technological businesses and emerging companies in the fields of innovation and technology. This free zone was established with the aim of promoting digital and technical innovation, making it a preferred destination for companies seeking to grow and expand in these fields. Dubai Silicon Oasis is characterized by its advanced infrastructure and the provision of advanced technical services that meet the needs of companies that rely on technology in managing their businesses and providing services. By establishing a company in Silicon Oasis, investors obtain many advantages, including full foreign ownership and comprehensive tax exemptions, in addition to the freedom to transfer profits and capital.

Dubai Silicon Oasis is not just a free zone that offers tax and administrative facilities, but rather a comprehensive environment that supports innovation and continuous development, as many research centers and global companies are based in this oasis. Collaborating with specialized companies such as Itqan Company contributes to simplifying the procedures for establishing a company, and gives investors the opportunity to benefit from the company’s extensive experience in this field.

The procedures for opening a company in Dubai Silicon Oasis require specific steps and regulatory requirements that ensure compliance with local and international laws and regulations. Establishing a company in this free zone is an ideal option for companies that wish to benefit from a distinguished infrastructure and a strategic location that makes it close to regional and global markets. The region also provides companies operating in it with access to a wide range of investment and technological opportunities, which enhances the chances of success and sustainable growth.

Establishing a company in the Silicon Oasis Free Zone

Documents required to establish a company in Dubai Silicon Oasis

Dubai Silicon Oasis is one of the leading free zones in the UAE, combining innovation and technology in a business-friendly environment. Establishing a company in this zone provides ample opportunities for growth and expansion in the regional and international market. To achieve this goal, there are a set of essential documents required to ensure a smooth incorporation process that complies with legal and regulatory standards. Adhering to these requirements is a vital step that contributes to expediting the registration process and establishing the company legally. Documents required to establish a company in Dubai Silicon Oasis:

  • Registration Application Form: The company’s registration application form must be completed, which includes information about the type of business and partners.
  • Copy of Passports: Copies of passports of all partners and investors are required, in addition to personal photos of each of them.
  • Detailed Business Plan: A comprehensive business plan should be submitted that outlines the company’s goals, type of business, details about the target market and marketing strategies.
  • Commercial Registration Certificate: If the company is a branch of another company, the commercial registration certificate of the parent company must be submitted.
  • Proof of Address Documents: Documents proving the address of the office or facility where the company will be established within Dubai Silicon Oasis are required.
  • Approval from relevant authorities: Some activities may require obtaining approvals from certain regulatory authorities, especially if they relate to the health or technology sectors.
  • Undertaking Form: A pledge form must be signed confirming compliance with the laws and regulations in force in Dubai Silicon Oasis.
  • Proof of capital: It requires submitting documents proving the existence of the capital required to establish the company, depending on the type of business activity.
  • Company Articles of Association: A company article of association must be prepared, specifying the rights and obligations of the partners.

Submitting these documents correctly and completely will help speed up the incorporation process, allowing new companies to start their business activities in Dubai Silicon Oasis efficiently.

Types of companies that can be established in Dubai Silicon Oasis

Types of companies that can be established in Dubai Silicon Oasis

Setting up a company in Dubai Silicon Oasis Free Zone is one of the most prominent free zones in the UAE, focusing on supporting innovation and technology. Setting up a company in this zone provides an ideal environment for investors and entrepreneurs seeking to expand into new markets. The types of companies that can be established in Dubai Silicon Oasis vary, providing a variety of options that meet the needs of investors in various fields. Here are the main types of companies that can be established:

  • Limited Liability Company (LLC): This is the most common type of company and can be established by one or more people. It provides legal protection for the partners’ assets, meaning that financial liability is limited to the capital invested.
  • Sole Proprietorships: A single person can establish a sole proprietorship, where the founder bears all financial responsibilities and obligations. This method is ideal for investors who want to fully manage their business.
  • Branches of companies: Dubai Silicon Oasis allows the establishment of branches of companies based abroad. This requires the submission of documents confirming the existence of the parent company, such as the commercial register.
  • Free Zone Companies: Free Zone companies can be established in Dubai Silicon Oasis, which allow 100% foreign ownership. These companies are ideal for international investors looking to enter the UAE market.
  • Holding companies: These companies allow investors to manage a pool of investments and assets in different companies, giving them central control over their investments.
  • Technology companies: Dubai Silicon Oasis is a major hub for technology companies, where investors can establish companies specializing in modern technology fields, such as software and communications.
  • Representative offices: Representative offices can also be established for international companies, which act as a link between the parent company and the local market, facilitating marketing and communication processes.

Dubai Silicon Oasis offers diverse options that cater to the needs of investors from different backgrounds and industries, making it an ideal destination for establishing new businesses and projects.

Our company’s role in establishing a company in the free zone

In conclusion, establishing a company in the Dubai Silicon Oasis Free Zone is a strategic move for anyone looking for an inspiring environment that combines advanced technology with efficient business management. With the many benefits offered by this free zone, from tax exemptions to full foreign ownership, Dubai Silicon Oasis remains an ideal destination for investors looking to enter the regional and international market in the fields of technology and innovation. The presence of modern and advanced infrastructure and the availability of advanced technical services are key factors in supporting startups and established companies alike to achieve growth and sustainability in a competitive and thriving business environment.

Cooperating with a specialized company such as Itqan increases the chances of success in the establishment process, as the company provides integrated services to facilitate all legal and administrative procedures necessary to establish the company. Itqan’s experience in providing advisory and logistical support to startups and investors helps overcome the challenges that investors may face during the establishment stages, making the process of entering Dubai Silicon Oasis smoother and more effective.

Dubai Silicon Oasis is not just a free trade zone, it is an integrated community that combines advanced technology and sustainable development. It is an environment that encourages innovation and creativity, and attracts global companies and local investors alike. Establishing a company in this zone means joining a vibrant community of advanced technology companies, research centers and educational institutions, which opens wide doors for cooperation and strategic partnerships.

Ultimately, establishing a company in Dubai Silicon Oasis remains a pivotal step for anyone seeking success in the technology and innovation sector, and provides a real opportunity to expand businesses into new markets while ensuring the necessary support through cooperation with Itqan Company to transform ideas into successful and sustainable projects.

Frequently asked questions about establishing a company in the free zone

What benefits does Dubai Silicon Oasis offer to new companies?

Dubai Silicon Oasis offers numerous benefits such as income and corporate tax exemptions, full foreign ownership of the company, freedom to repatriate profits and capital, and facilities for leasing offices and industrial units.

What types of companies can be established in Dubai Silicon Oasis?

Limited liability companies, branches of foreign or local companies, and freehold companies can be established. Requirements vary depending on the type of company to be established.

Can foreigners establish a company in Dubai Silicon Oasis?

Yes, foreigners can establish a company in Dubai Silicon Oasis with 100% ownership, without the need for a local partner.

What documents are required to establish a company in Dubai Silicon Oasis?

Required documents typically include a copy of your passport, a detailed business plan, an application form, and certificates of incorporation of the parent company in case of branches.

Is there an annual fee to renew a business license in Dubai Silicon Oasis?

Yes, there is an annual fee to renew the commercial license, and it varies depending on the type of company and the rented space.