How to start a company in Dubai Silicon Oasis Free Zone

There are several things to consider before you decide whether you want to open a business in Dubai’s Silicon Oasis Free Zone. These include registration, costs, licensing, workstation packages, and how much it will cost. You’ll also need to think about diversifying your business and the support services that you can expect.

Registering a business and paying licensing fees

The cost of business licensing and registration in Dubai Silicon Oasis Free Zone is dependent on the type of business you have. There are many legal entities to choose from. For example, you could establish a Free Zone Company (“FZCO”) or an Entrepreneurial Company License.

The cost to start a company within Dubai Silicon Oasis can be comparable to other free zones. It is essential to plan your budget before you can start. Consult with a local agent to find out if they can customize packages for your particular needs.

Once you have established the legal entity of your choice, you can submit the documents. There are four main areas where you can set up your company. These are the Connect Zone, Administrative Zone, Digital Park, Digital Park, and Lake Park. Your net worth and income will determine the type of license you will get.

It is crucial to get your business plan verified before you send it. This is to confirm that you are authorized to conduct business in the country. It can be done remotely and on-site.

Included in business planning should be the activities that the company plans on performing. It is important to have a unique business identity that reflects your business activities.

It is also necessary to submit proof of your company’s address. This must be submitted within three months of your company registration. Alternatively, your business license can be issued in hardcopy.

Once you have all the necessary documentation, the process to form a Dubai Silicon Oasis business can be started. To apply, you will need to fill out an application and submit it to the authority. They will review the documents and then issue an electronic agreement.

For assistance in setting up your company in the area, contact a local agent. They can also help you find out about any incentives that are available.

Business support services

There are many business support options available for those who want to start a Dubai company. While the UAE government is welcoming to all new businesses, it takes some time and effort to establish a company. These business support options can help ensure that your company is legally and professionally well-positioned to succeed.

In Dubai Silicon Oasis, it is necessary to check that the company complies with all applicable laws. Also, you will need a detailed plan for your business to explain the objectives of the new venture. This plan will include all future activities.

Dubai Silicon Oasis can be one of your best options for setting up a company. It boasts an excellent infrastructure, including office space, warehouses, as well residential facilities. The location is near major highways and airports.

You can obtain many types of licenses at Dubai Silicon Oasis. These licenses can be either Trade Licenses (which allow you to trade and import goods) or Industrial Licenses (which allow you make and process products). There are also Service Licenses, which allow you to offer certain services.

Dubai Silicon Oasis has a wide range of services for business support, from incubation to venture capital financing. Assistance is available for everything, from visas to customs clearing.

The size of your business will affect the cost of starting a business here in Dubai Silicon Oasis. A small business with only a few people can establish a Dubai Silicon Oasis office for about 20,000 AED. However, a bigger company that has many employees would have a higher cost.

Dubai’s tax-free environment is one of its greatest advantages. There is no corporate income or tax in Dubai. Any profits you earn can be repatriated, as opposed to other countries.

Hire a business consultant to help you with your visa application. An experienced professional can provide invaluable information on current economic trends and other pertinent topics.

Workstation package

An exciting opportunity for entrepreneurs is to open a Dubai Silicon Oasis Free Zone company. An array of services can help you get your business started.

You must first choose a legal structure to start the process of setting up a Dubai Silicon Oasis business. 

Once you have decided on a legal entity for your business, the next step is to get the proper licenses and paperwork. You should ensure that the license issued to you is appropriate for the type of business you want to operate.

You will need an industrial license if your business involves both manufacturing and exporting. An industrial license permits you to import, process, and package raw materials in Dubai. You can also export, distribute, or manufacture the finished product.

The acquisition of office space is an additional step towards setting up a company at Dubai Silicon Oasis. You have the option to rent an office from a DSOA facility. Or, you can use your own property. Both options offer a variety of benefits, but each has its own advantages.

Dubai Silicon Oasis office space is very affordable. A single office can cost anywhere from AED20,000-30,000.

To obtain a license for your business, you will need to fill in an application and pay the fees. During the registration process, you will have to provide information such as your company’s legal address, name, and CV. It is necessary to verify your business model.

It is possible to set up your business in Dubai Silicon Oasis. There are many workspace options available. Additionally, you will have to access the following amenities: parking, pre-installed Internet, voice and data connections, and parking. To assist you in moving forward with your plans, a company registration consultant is available to you.

With a budget that is well-planned and a local representative to assist you, it’s easy to establish a new business in Dubai. In addition, you will have the support of a local agent and enjoy the convenience of modern business facilities.

Economic diversification strategy

Dubai has made significant progress towards diversification, despite being dependent on oil for 90% of its GDP. A number of policies and programs have been implemented to assist the economy in reducing its dependency on oil. A demand-oriented approach has been adopted by the government to economic development.

Diversification serves the main purpose of decreasing dependence on volatile oils export revenues. This is accomplished by expanding various economic sectors. Diversified economies have higher resilience to oil price volatility. Malaysia, Indonesia, and Mexico, among others, have all developed diversification strategies that work. These countries have helped to support economic growth through their focus on commercial diplomacy and the development of skills.

According to an International Monetary Fund study, economic diversification in a country is linked with sustainable economic development. Diversification is an issue for several countries that depend on petroleum for most of their economic output.

The UAE is in a unique situation because it has been successful in diversifying its economy despite falling oil prices. It has made a significant investment in economic diversification.

Although the UAE has not yet achieved full diversification of its economic activities, the Government is optimistic about the future. It is now leveraging its free network to attract international investors. Additionally, the government has promoted venture capital, crowdfunding, as well as crowdfunding for SMEs.

But, private developers have some reservations. The private sector has condemned the supply-driven approach to economic development. In light of this, the government has been encouraged to look at alternative funding sources for diversifying its economy.

The growth in the tourism industry has helped the country diversify its economy. The UAE will become a popular destination for tourists with the World Cup. During this six-month event, 25 million tourists will be visiting the UAE.

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