Skip to main content

Company Formation in Dubai Silicon Oasis

Company Formation in Dubai Silicon Oasis

Dubai has long caught attention due to its favorable conditions for entrepreneurs looking to make it big. Each of the UAE’s free zones also offers a set of distinct advantages that differ from one to the next. For company formation in Dubai Silicon Oasis Free Zone (DSO) which, along with the headline benefits listed above, also affords business owners a host of support services and an affordable, fast and straightforward setup process. 
Business Setup in Dubai Silicon Oasis: This free zone is heart of Dubai when you want to the best markets of the Middle East, North Africa, Asia and the Indian subcontinent.
  1. Convenient set up :A major factor behind its popularity is convenient setup service. The free zone offers fast-track business licensing with the entire application process taking no more than seven days – license and lease agreements are usually issued within just two days of submitting your legal documents and payment. Licenses start from just AED 18,700.
  2. Many options for doing business and license: It describes itself as helping to ‘facilitate and promote modern technology based industries. DSOA issues service, trade and industrial licenses to companies from all Department of Economic Development (DED) listed industries, plus IT.
  3. Flexible setup and office options :While taking some form of office or desk space is a mandatory requirement, Dubai Silicon Oasis offers a broad range of setup options so you won’t feel tied down. Flexi-desk package allows entrepreneurs use of its state-of-the art business facilities on an ad-hoc basis and it can come with a maximum of three visas.

  1. Sufficient visa options :They allow three visas and taking office or warehouse space enables you to set up with multiple visas. The only caveat being the more visas you wish to apply for, the more space you’ll be required to take.
  2. Sponsor dependents for their visas: As well as applying for plenty of visas for your employees, it’s also very straightforward to sponsor your dependents for their visa applications as well. Whether you require a visa for a spouse, child, maid or driver, the process is four straightforward stages. Keep in mind, however, that the sponsoring process is usually slightly easier for men than women.
  3. Set up with multiple shareholders: Setting up a free zone establishment in DSOA allows you to go it alone and maintain sole control of your business. If, however, you wish to set up with a partner – or partners – you also have that option. For that, Dubai Silicon Oasis allows you to establish a free zone company with anywhere between two and five shareholders.
  4. Auditing and book keeping requirements: These requirements make it one of the most respected free zones among banks and other professional institutions. However, while auditing and bookkeeping is mandatory, that’s not to say it’s excessive. All businesses registered in the free zone must simply submit yearly books and undergo an annual audit.
There are a number of steps that need to be undertaken, some complex, some less so. The first thing to do is choose your business activity. From here you can decide on your company name, complete and file your registration paperwork with the relevant authorities, open a bank account, and apply for any visas that may be required.

Labels:

Comments

Post a Comment

Popular posts from this blog

How does Managerial Accounting differ from Financial Accounting ?

Managerial accounting aims on creating future projections for segments of the corporate however money accounting aims on providing historical money information’s to outside users. The Reports ready by social control accountants embrace operational budgets and value estimates for existing product, budgets for brand spanking new product lines, and profit and loss reports by division. The social control controller reports on to the controller and assists in making ready info used for higher cognitive process inside the organization. The money controller reports on to the controller and assists in making ready money info. The two vital functions that change management to continually set up for the forthcoming and assess implementation square measure known as coming up with & management. Managers of most organizations frequently set up for the longer term, and when the set up is enforced, managers assess whether or not they achieved their goals. Coming up with is that the me...
1 comment
Read more

These UAE residents can get long-term visa

These UAE residents can get long-term visa These UAE residents can get long-term visa The decision aims to maintain the position of the UAE as a country having optimal business environment.  The UAE Cabinet on Saturday approved the recently announced long-term visa system, which includes 10-year residency visa for investors and specialists and five-year visa for exceptional students. The decision of the Cabinet will facilitate visas for investors, entrepreneurs, specialized talents, researchers – including their spouses and children – and create an encouraging environment for the growth of business for investors, entrepreneurs and professional talents. The decision includes the terms and conditions for obtaining long-term visas for all the above-mentioned categories as well as outstanding students to attract talents in all vital sectors of the national economy. The visa benefits for the family ensures a cohesive social structure that will create a sti...
Post a Comment
Read more

Tourists to get refund on VAT from November

ALL NON-UAE RESIDENTS ABOVE 18 YEARS OLD WILL BE ELIGIBLE FOR TAX-FREE SHOPPING. The UAE looks set to put an up-to-date system in place for VAT refund to millions of tourists from November. The  VAT refund  system will be initially available at Abu Dhabi, Dubai and Sharjah airports and by year-end, it will be extended to 12 exit points, including the land borders and ports, it is learnt. Federal Tax Authority (FTA) and Tourist Refund Scheme operator Planet have issued guidelines setting a minimum limit of Dh250 to claim VAT refund. Planet said all non-UAE residents above 18 years old will be eligible for tax-free shopping. According to its website, tourists will be able to validate their tax-free forms at Dubai International, Abu Dhabi and Sharjah airports until December 16 whereafter the system will be in place at nine more locations - Al Maktoum airport, Abu Dhabi Port Zayed, Al Ain Airport, Al Ain land border, Fujairah Airport, Ras Al Khaimah Airport, Al G...
Post a Comment
Read more