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BUSINESS SET UP IN DUBAI SILICON OASIS -USD 0

Publish Date: 13-02-2018 13:35:18 | Contact name: MSZ corporate service provider | Location: UNITED ARAB EMRIATES | Place: OFFICE NO:1407,14TH FLOOR,MAITOWER.ALNAHDA. dubai | 1 times displayed |





Dubai Silicon Oasis (DSO) is a technology
park and it provides both a living and working integrated community. Dubai
Silicon Oasis Authority (DSOA) provides a full package of incentives and
benefits to companies operating within the tech park.



AUTHORITY:



Dubai Silicon Oasis Authority (DSOA) is fully owned by the
Government of Dubai.AIM:



To facilitate and promote modern technology-based industries, thus supporting
the regions demand business expansion.



BENEFITS:



·
100%
foreign ownership




  • 100% repatriation of capital



·
Access
to all the technical & engineering professionals




  • Low cost of operations



·
Avant-garde
IT infrastructure & facilities




  • DSOA has easy access to all of
    Dubai & UAE

  • Fast-track business set-up &
    licensing

  • Dedicated business support
    services





TYPES OF ACTIVITY:






  • Information
    technology

  • IC
    design

  • EDA
    tools

  • IP
    protection

  • IT
    services

  • Telecommunications
    equipment

  • Electronic
    and computer hardware

  • Software
    development

  • Consultancy
    and business development

  • Electrical
    appliances

  • Electrical
    equipment

  • Engineering
    related to technology

  • Logistics

  • IT
    Security

  • Talent
    development and recruitment

  • Pharmaceutical

  • Microelectronics

  • General
    activities





TYPES OF LICENSE:



1.
Trade
license,



2.
Service
license,



3.
Industrial
license.



Note:License of the company has to be renewed on annual basis. if
thelicense is renewed after expiry date
then thepenalty would be charged by the
authority.



COMPANY TYPES:



1.
Free
Zone Company (FZCO),



2.
Free
Zone Establishment (FZE),



3.
Branch
company.



FREE ZONE COMPANY (FZCO):

Shareholders can be either individuals or corporate entity.



A minimum share
capital:
The minimum share
capital is AED 100,000.



FREE ZONE ESTABLISHMENT (FZE):

The shareholder can either be an individual
or a non-individual/corporate.



A minimum
share capital:
The minimum share capital to establish an FZE is AED 100,000.



BRANCH COMPANY:

A branch company established either in UAE or
foreign country. The activity of the branch company is required to be identical
to the activity conducted by the parent company.



A minimum
Share capital:
There is no minimum share capital to establish a branch.



DIRECTOR:



Directors
must be an individual only.



AUDIT:



The audit
report is required to be submitted to free zone authorities.



REQUIRED
DOCUMENTS INCLUDE:



Individual
applicant:



·
Application
for Registration



·
specimen
signatures



·
Personal
KYC



·
Board
Resolution calling for the establishment of the entity



·
Proof of share capital from a bank and routine documentation.



Corporateapplicant:



·
Application
for Registration,



·
Corporate
KYC - attested from the UAE Embassy,



·
Board
Resolution calling for the establishment of the entity,



·
Certificate of Incorporation,



·
Memorandum
of association,



·
Articles
of association,



·
Other
routine documentation viz. application forms, specimen signatures etc.



Branch of a foreign
company or UAE company:



·
Application
for registration



·
Business
Plan



·
Letter from
the parent company for the appointment of Manager.



·
Company
profile



·
Board
Resolution calling for the establishment of a branch



·
Certificate
of Incorporation,



·
Memorandum
of association,



·
Other
routine documentation viz. application forms, specimen signatures etc.





We at MSZ Consultancy are specialized in all
the free zones and we can assist you to incorporate your company. For further
information on Dubai Silicon Oasis, contact us: 00971589827842or
Email us: info@mszconsultancy.com visit: http://www.mszconsultancy.com





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