Dubai Silicon Oasis (DSO) is a free zone in Dubai, United Arab Emirates, that is dedicated to technology and innovation. DSO is home to over 8,000 companies from a variety of industries, and is open to foreign investment in all industries.
To invest in DSO, you will need to submit a number of documents to the DSO Authority. These documents vary depending on the type of business you are setting up and whether you are a foreign or domestic investor.
Documents required for all investors
The following documents are required for all investors who wish to set up a business in DSO:
- Completed application form: The application form can be downloaded from the DSO website.
- Business plan: The business plan should outline your business goals, strategies, and financial projections.
- Copy of passport: You will need to submit a copy of your passport for all shareholders and directors of the company.
- Bank reference letter: The bank reference letter should be from a reputable bank and attest to the company’s financial stability.
- Lease agreement: The lease agreement should show that you have secured office or industrial space in DSO.
Additional documents required for foreign investors
In addition to the above documents, foreign investors will also need to submit the following documents:
- Certificate of incorporation: This document is issued by the company’s home country and confirms that the company is legally registered.
- Memorandum of association and articles of association: These documents outline the company’s structure and rules of operation.
- Power of attorney: This document authorizes a representative to act on behalf of the company in DSO.
Additional documents required for specific types of businesses
In addition to the above documents, you may also need to submit additional documents depending on the type of business you are setting up. For example, if you are setting up a manufacturing company, you may need to submit a copy of your environmental impact assessment (EIA).
How to submit the required documents
You can submit the required documents to the DSO Authority in person, by mail, or online. If you are submitting the documents in person, you will need to schedule an appointment in advance.
The processing time for applications to invest in DSO typically takes a few weeks. However, the processing time may vary depending on the complexity of your application.
Setting up a business in Dubai Silicon Oasis can be a rewarding experience. DSO offers a number of benefits to investors, such as 100% foreign ownership, no income or corporate tax, low import and export duties, state-of-the-art infrastructure, easy access to talent, and a vibrant ecosystem.
If you are interested in setting up a business in Dubai Silicon Oasis, I recommend contacting BizDaddy. BizDaddy is a leading business setup consultant that can help you with every step of the process, from choosing the right business structure to submitting the required documentation.
BizDaddy is a leading business setup consultant that can help you set up a business in Dubai Silicon Oasis. BizDaddy has a team of experienced professionals who can help you with every step of the process, from choosing the right business structure to submitting the required documentation.
BizDaddy offers a number of benefits to businesses, including:
- Expertise: BizDaddy has a deep understanding of the business setup process in Dubai Silicon Oasis and can help you navigate it smoothly.
- Connections: BizDaddy has a network of connections in Dubai Silicon Oasis, including government agencies, business service providers, and other businesses. This can help you get the support you need to get started quickly and easily.
- Affordability: BizDaddy offers its services at competitive prices.
If you are serious about investing in Dubai Silicon Oasis, I highly recommend contacting BizDaddy. They can help you make the process as smooth and stress-free as possible.