Dubai Silicon Oasis is one of the prominent destinations for establishing companies in the UAE, thanks to its competitive advantages and stimulating business environment. Establishing a company in this free zone provides great opportunities for growth and innovation, making it a preferred destination for investors from around the world. Silicon Oasis is located in the heart of Dubai, and it embodies the UAE’s commitment to digital and technological transformation, as it provides an advanced environment that embraces companies working in the fields of technology and innovation.

Silicon Oasis is distinguished by offering a package of advantages that contribute to attracting companies. The most prominent of these advantages is full tax exemptions, which give companies the opportunity to benefit from a comfortable financial environment. In addition, the free zone provides excellent facilities regarding 100% foreign ownership, enabling investors to maintain full control of their projects without the need for a local partner.

The establishment procedures in Silicon Oasis are flexible and fast, which reduces the time and effort required to start a business. The region also provides modern infrastructure that includes equipped offices, advanced logistical facilities, and integrated support services that contribute to facilitating companies’ operations.

These advantages make Silicon Oasis an attractive option for investors seeking to enter the UAE market and expand their business, thanks to the favorable environment for innovation and development it provides. In this article, we will review the details of establishing companies in Silicon Oasis , focusing on the steps and procedures necessary to achieve success in this advanced business destination.

Establishing a company in the Silicon Oasis Free Zone

Steps to establish a company in the Silicon Oasis Free Zone

Establishing a company in the Silicon Oasis Free Zone in Dubai requires following a series of regulatory and procedural steps. Here are the basic steps to establish your company in this free zone:

1. Determine the type of business activity: Determine the type of activity that the company will undertake, as the nature of the activity affects licensing requirements.
2. Choosing a company name: Choose a trade name that complies with Silicon Oasis laws, and ensure that the name is available and does not conflict with the names of other companies.
3. Submitting the application: Submitting the incorporation application to the Silicon Oasis Authority, which includes submitting the required documents and entering the company details.
4. Receiving a certificate of incorporation: After reviewing and approving the application, you will receive a certificate of incorporation confirming your company’s registration in Silicon Oasis.
5. Opening a bank account: Opening a bank account in the company’s name in one of the approved banks, to facilitate financial operations.
6. Office rental: Renting an office or work space within Silicon Oasis, with the rental contract submitted to the Authority.
7. Licenses and Permits: Obtaining the necessary licenses to practice commercial activity, which may include additional licenses depending on the type of activity.
8. Trademark Registration: Register the trademark if you intend to use it, in order to protect the brand name and your trademark rights.
9. Providing insurance: You may need to provide the required insurances according to the requirements of the activity, such as employment and health insurance for employees.
10. Complete tax registration: Register the company for tax purposes if required, and ensure compliance with local regulations.

Costs associated with starting a company in Silicon Oasis

The costs associated with establishing a company in Dubai Silicon Oasis include several aspects, which may vary based on the type of company, the size of the activity and the services required. Here’s an overview of the potential costs:

• Registration fees: Includes the fees you pay to the Silicon Oasis Authority to register the company. These fees depend on the type of activity and the size of the company.
• License cost: fees for obtaining a license to practice commercial activity. Varies based on the type of activity.
• Office Rent: The cost of renting office space or an office within Silicon Oasis, which depends on the size and location of the office.
• Visa Services: Residency and work visa fees for founders and employees. Includes costs of issuing and renewing visas.
• Incorporation services: These fees may include costs for legal consultations, document and licensing preparation services, and assistance in preparing a business plan.
• Insurance: Insurance costs, such as employee health insurance, accident insurance, and property insurance.
• Trademark Registration: Trademark registration fees if you intend to protect your brand name or logo.
• Office Furniture and Equipment: The cost of purchasing the furniture and equipment needed to equip the office.
• Other government fees: Includes any additional fees that may be imposed by local authorities, such as fees related to special licenses or permits.
• Administrative costs: Include fees associated with administrative services such as license renewal and trademark registration.

Basic documents for establishing a company in Silicon Oasis

To incorporate a company in Dubai Silicon Oasis, you will need to submit a set of basic documents. Documentation usually includes:

1. Incorporation Application Form: A completed form signed by all founders, submitted to the Silicon Oasis Authority.
2. Passport: A colored copy of the passport for each founder or partner in the company. The passport must be valid.
3. Personal photos: Recent personal photos of the founders or partners.
4. Memorandum of Association and Articles of Association: Legal documents that include the Memorandum of Association and Articles of Association of the company, which explain the administrative structure and activity of the company.
5. Business plan: A document that describes the nature of business activity, future plans, and business strategy.
6. Certificate of good conduct: May be required for some activities to confirm the absence of a criminal record.
7. Authorization letter: If there is a legal agent acting on your behalf, a notarized authorization letter must be submitted.
8. Lease Contract: Lease contract for the office or work space in Silicon Oasis. This contract proves the official address of the company.
9. Bank account details: Information about a bank account opened in the name of the company, if this is required by the Authority.
10. Financial fees: Pay the fees required for registration and licensing, which depend on the type and size of the business.
11. Additional Permits: Additional permits or licenses may be required depending on the type of activity you intend to undertake.

Advantages offered by Silicon Oasis to startups

Silicon Oasis in Dubai offers a range of benefits that make it an attractive destination for startups. These advantages include:

• Easy and fast licensing facilities: Silicon Oasis provides simplified and fast licensing procedures, which helps startups start their operations efficiently.
• Supportive business environment: Silicon Oasis offers an innovative and supportive business environment, with a focus on technology and innovation, providing opportunities for collaboration and networking with other companies.
• Advanced infrastructure: Silicon Oasis provides a modern infrastructure that includes fully equipped offices, advanced facilities, and advanced technical services, which contributes to accelerating the growth of startups.
• Tax incentives: Silicon Oasis offers tax benefits such as corporate tax exemptions, which reduces operational costs.
• Government support: Start-ups are supported by local government agencies, which provide advisory and guidance services to facilitate establishment and growth processes.
• Funding opportunities: Silicon Oasis provides access to a network of investors and investment funds, enabling startups to obtain the necessary funding to expand their business.
• Availability of talent: The ecosystem provides a pool of qualified technology and business talent, making it easier for startups to attract and hire the necessary talent.
• A wide communication network: Silicon Oasis contributes to building a wide network of relationships with companies, investors and advisors, which enhances opportunities for cooperation and expansion.
• Business Support Services: Silicon Oasis offers a range of support services such as legal assistance, marketing, and consulting, which helps startups in all aspects of their operations.
• Strategic Location: Silicon Oasis is located in a strategic location within Dubai, providing easy access to local, regional and international markets.

In conclusion, the Silicon Oasis area in Dubai is considered one of the preferred destinations for establishing companies in the free zone , thanks to the ideal environment it provides for investors and businessmen. This area is a vivid example of the opportunities that free zones can offer in Dubai, as it is characterized by its great facilities and relatively low establishment costs compared to other options.

Taking advantage of modern infrastructure and government facilities designed to support startups enhances entrepreneurs’ ability to achieve their goals and expand their businesses quickly and effectively. Silicon Oasis is not only strategically located close to major logistics facilities, but also provides a cutting-edge business environment that supports innovation and growth.

Moreover, the tax breaks and incentives offered in the Silicon Oasis region contribute to reducing operational costs, making it an attractive destination for companies wishing to make the most of the advantages of free trade. The region also provides advanced facilities and integrated support services including legal and financial advice, which significantly facilitates the process of establishing and managing companies.

The most important frequently asked questions about establishing a company in Silicon Oasis