Dubai Silicon Oasis (DSO) is a technology and innovation hub in Dubai, United Arab Emirates. It is a free zone, which means that businesses operating in DSO are exempt from income tax and corporate tax. DSO is also open to 100% foreign ownership.
Fees involved in setting up a business in DSO
The fees involved in setting up a business in DSO vary depending on the type of business and the size of the office or industrial space required. However, the following are some of the key fees that you can expect to pay:
- Business license fee: The cost of a business license in DSO ranges from AED 1,200 to AED 30,000, depending on the type of business and the number of employees.
- Registration fee: The registration fee for a new company in DSO is AED 1,500.
- Office space rental fee: The cost of renting office space in DSO ranges from AED 10,000 to AED 150,000 per year, depending on the size and location of the office.
- Visa fees: The cost of a work visa in DSO is AED 5,250.
- Other fees: There are a number of other fees that you may need to pay, such as legal fees, accounting fees, and bank fees.
Total cost of setting up a business in DSO
The total cost of setting up a business in DSO can range from AED 10,000 to AED 100,000, depending on the type of business and the size of the office or industrial space required.
How to reduce the cost of setting up a business in DSO
There are a number of ways to reduce the cost of setting up a business in DSO, such as:
- Choose a smaller office or industrial space: The cost of office and industrial space in DSO is one of the biggest expenses involved in setting up a business. You can reduce this cost by choosing a smaller space.
- Share office space: You can also reduce the cost of office space by sharing office space with another company.
- Negotiate with suppliers: You can negotiate with suppliers to get better deals on things like furniture, office equipment, and IT services.
- Get help from a business setup consultant: A business setup consultant can help you navigate the business setup process and avoid any costly mistakes.
Setting up a business in Dubai Silicon Oasis can be a cost-effective way to start a business in Dubai. DSO offers a number of benefits to businesses, such as 100% foreign ownership, no income or corporate tax, low import and export duties, state-of-the-art infrastructure, and easy access to talent.
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 your business up and running quickly and efficiently.
- Convenience: BizDaddy offers a one-stop shop for business setup in Dubai Silicon Oasis. This means that you can deal with everything through BizDaddy, from getting your business license to opening a bank account.
If you are serious about setting up a business in Dubai Silicon Oasis, I highly recommend contacting BizDaddy. BizDaddy can help you make the process as smooth and stress-free as possible.
Additional tips for reducing the cost of setting up a business in DSO
In addition to the tips mentioned above, here are a few other things that you can do to reduce the cost of setting up a business in DSO:
- Do your research: Before you make any decisions, it is important to do your research and understand the business setup process in DSO. This will help you to avoid any costly mistakes.
- Get quotes from multiple suppliers: When you are getting quotes for things like office space, furniture, and IT services, it is important to get quotes from multiple suppliers. This will help you to get the best possible price.