16 Mar Establishing a company in the Silicon Oasis Free Zone
This article aims to explore the process of establishing a company in the Silicon Oasis Free Zone in cooperation with Itqan Company. The article will provide comprehensive information about the steps and requirements needed to establish a successful company in this thriving region.
The article will explore the types of companies that can be established in the Silicon Oasis Free Zone, such as local companies, national companies, limited liability companies, sole proprietorships, and global corporate companies. The article will also include the legal and administrative procedures required to register and register the company, the financial requirements and documents required.
In addition, the article will review the benefits of establishing a company in the Silicon Oasis Free Zone, such as advanced infrastructure, flexible laws, government facilities, and access to a wide network of companies, investors, and innovators.
Through its partnership with Itqan Company, the article will provide tips and advice on establishing a company in the Silicon Oasis Free Zone. The article will also discuss the main factors to consider when choosing the type of company, estimating costs and determining the investments required.
Overall, this article will be a comprehensive guide for those who want to explore the possibility of setting up a company in the Silicon Oasis Free Zone and take advantage of the opportunities and benefits offered by this innovative and advanced technology zone.
Establishing a company in the free zone
Establishing a company in a free zone in cooperation with Itqan Company represents an important strategic step for those wishing to benefit from the competitive advantages provided by these regions. Itqan Company provides support and assistance at all stages of company establishment, from providing professional advice regarding the appropriate company type and ownership arrangements, through to assistance in completing the administrative and legal procedures necessary for registration and licensing.
In addition, Itqan Company provides marketing and promotional services to help promote the brand and increase awareness of the company in the market. The company also provides support in daily business arrangements such as employee management, accounts and taxes, making it easier for entrepreneurs to focus their efforts on developing their business and achieving success in a competitive business environment. This partnership is an opportunity to benefit from the experience and professionalism of Itqan Company to build a company based on strong and successful foundations in a free zone in Dubai.
Establishing a company in the Silicon Oasis Free Zone
Establishing a company in Jebel Ali Free Zone
Establishing a company in a free zone in Jebel Ali can be an interesting option for investors who want to take advantage of the competitive advantages that this region offers. Here is an overview of how to establish a company in Jebel Ali :
- Choose the type of company: Determine the type of company you want to establish, such as a sole proprietorship, joint-stock company, or limited liability company, according to your business needs and local legislation.
- Determine the business activity: Determine the business activity you wish to practice, and ensure that it is compliant with the regulations of the Jebel Ali region.
- Submit a registration application: Submit an application to register your company in the Jebel Ali region, and submit the required documents such as the business plan, partner information, etc.
- Obtaining approval: After reviewing the application and documents, you will receive notification of approval to establish your company in the Jebel Ali area.
- Payment of fees: Pay the fees required to register the company and obtain the necessary licenses.
- Opening a bank account: Open a bank account in the name of the company in one of the approved banks in the Jebel Ali area.
- Starting Business: After completing all previous procedures, you can start doing your business in the Jebel Ali area as a successful and prosperous company.
Please note that these steps are general and actual operations may require additional details and procedures depending on the type of company and the laws of the Jebel Ali region.
Steps to establish a company in the Silicon Oasis Free Zone
Establishing a company in the “Silicon Oasis” free zone in Dubai involves several steps, and it is good to know the specific procedures for this free zone. Here are general steps that can help you with this process:
- Market study and business plan: Conduct a market study to understand demand, competition, and opportunities, and prepare a detailed business plan that includes goals, strategies, and expected financial resources.
- Choosing the legal form of the company: Decide whether you want to establish a sole proprietorship, a joint stock company, or a private joint stock company, according to your business needs and preferences.
- Obtaining the necessary approvals: Check local laws and regulations and obtain the necessary approvals from the competent authorities to establish the company.
- Determine and register the trade name: Choose a name for the company and make sure it is not similar to any other company, register the trade name and obtain its approval.
- Preparing the necessary documents: Prepare the required documents such as legal forms, incorporation documents, contracts, and necessary agreements.
- Submitting the application and paying the fees: Submit an application to establish the company and pay the required fees according to the procedures specified in the free zone.
- Waiting for approval and licenses: Wait to receive the necessary approvals and licenses from the competent authorities.
- Opening a bank account for the company: Open a bank account in the name of the company and deposit the required capital.
- Issuance of a commercial license: Once approvals and licenses are obtained, the company’s commercial license will be issued.
- Starting a business: After receiving the license, you can start doing business and implement your business plan.
Documents required to register a company in the Silicon Oasis Free Zone
- Request to register with complete data
- Board of Directors’ decision to appoint a director of the company/management member (officially authenticated by a notary and authenticated)
- A legal agency through which the director/management member is authorized (officially authenticated by a notary and authenticated)
- The company’s articles of incorporation and articles of association (officially authenticated by a notary and authenticated)
- Director/management member signature form (officially notarized and authenticated by a notary public)
- A personal photo of the director/management member with a white background
- Information about share capital
The cost of establishing a company in the Silicon Oasis Free Zone
The cost of establishing a company in the Silicon Oasis Free Zone in Dubai is affected by several factors such as the type of company and its requirements, and varies from one company to another. Here is a rundown of the estimated fees that may be associated with setting up a company:
- Company registration fees: Includes the costs of submitting the registration application and business permit, and varies according to the type of company.
- Lawyer or consulting services fees: to assist in preparing the necessary legal documents and procedures.
- Administrative services fees: These may include administrative fees for services provided by the relevant government agencies.
- Additional service fees: such as costs for certificates and electronic services.
- Required capital: Some types of businesses require specific capital, and this can be part of the total cost.
Benefits of establishing a company in Silicon Oasis
Silicon Oasis is one of the most famous free zones in Dubai, and it provides an ideal business environment that allows you to establish a thriving company. Here are some of the advantages of establishing a company in Silicon Oasis :
Supportive business environment
- Advanced infrastructure that includes world-class facilities and services.
- Flexible laws and regulations that facilitate establishing and managing businesses.
- Access to global markets.
Tax and customs incentives
- Tax exemptions on profits and customs duties.
- Possibility of recovering value added tax.
Complete ownership by foreigners
- Foreigners are allowed to own 100% of companies in Silicon Oasis.
- There are no restrictions on the participation of foreigners in the ownership of companies.
Possibility of hiring employees from all over the world
- There are no restrictions on hiring foreign workers.
- Possibility of obtaining work visas for employees.
- Access to financing from local banks: Local banks in the UAE offer financing to companies in Silicon Oasis.
- Possibility of participating in government tenders: Companies in Silicon Oasis are allowed to participate in government tenders.
- Possibility of obtaining permanent residency in the United Arab Emirates: Investors in Silicon Oasis can obtain permanent residency in the United Arab Emirates.
- Business Support Services: Silicon Oasis provides many services to companies such as consulting, training, and marketing support.
- Strategic location: Silicon Oasis is located in Dubai, a global commercial center linking East and West.
- International reputation: Dubai is one of the most famous cities in the world.
- Access to GCC markets: Silicon Oasis provides access to GCC markets.
Possibility of obtaining a commercial license within a few days
- Safe and stable environment.
- Possibility of contracting with employees from all over the world.
- Possibility of participating in international events and exhibitions held in Dubai .
- Possibility of obtaining permanent residency in the United Arab Emirates.
Conditions for establishing a company in the Silicon Oasis Free Zone
Establishing a company in Silicon Oasis
The UAE is distinguished by the fact that it has more than 40 free zones in addition to some areas that are being established. Therefore, establishing a company in a free zone is one of the difficult matters facing the investor, as it is difficult to choose between many areas. Therefore, Itqan Company, through its great experience in business management.
It helps many investors in choosing the appropriate free zone for their commercial activity. It also helps in establishing and establishing a company in the free zone in the shortest time and at the lowest costs. Establishing a company in Silicon Oasis is an excellent option for investors who want to benefit from an ideal business environment and tremendous opportunities for growth and development. .
Advantages of establishing a company in the free zone
- 100% retransfer of capital and profits abroad
- 100% exemption from import and export duties
- No tax is imposed on corporate gains or personal income in most cases
- No restrictions on the use of currency
- Low cost of operations
- Pre-built offices, factories and warehouses
- Fast procedures for establishment and licensing
- Single window for customs clearance; That is, multiple administrative services in one station
- Provides labor recruitment assistance and additional support services, such as sponsorship and on-site housing
- Abundant and inexpensive energy
- Excellent infrastructure, communications, and attractive work environment
By concluding this comprehensive article about establishing a company in the Silicon Oasis Free Zone in cooperation with Itqan Company, we can confirm that this region provides an ideal environment for startups and existing institutions to achieve success and growth. By benefiting from Itqan Company’s experience and the specialized consulting it provides, the process of establishing a company can be facilitated and the business can be directed towards sustainable success.
Silicon Oasis allows access to advanced infrastructure, a wide network of companies, investors and innovators, and flexible government facilities. The oasis also provides a suitable environment for innovation and technological development, which enhances the company’s growth opportunities and achieves greater success and expansion.
The basic aspects that must be taken into consideration when establishing a company in Silicon Oasis are choosing the appropriate type of company, adhering to local laws and regulations, and providing the necessary financing. In addition, the company’s practical and technological needs should also be assessed, the required investments identified and a distinct strategy developed for success in the business market.
The most important frequently asked questions: Establishing a company in the Silicon Oasis Free Zone
What are the basic steps to establish a company in Silicon Oasis?
The basic steps include determining the type of company, submitting the required documents, paying fees, and obtaining the necessary approvals.
What types of companies can be established in Silicon Oasis?
Different companies can be established such as limited companies, limited liability companies, sole proprietorships, and others.
How long does it take to establish a company in Silicon Oasis?
The duration required can vary depending on the type of company and administrative procedures, but generally it can take between a few days to several weeks.
What are the expected costs of establishing the company?
Costs vary between the types of companies and services provided, and include registration fees, legal services, and other government fees.
What are the taxes associated with companies in Silicon Oasis?
Normally, companies in the free zone enjoy tax exemptions, but current tax laws must be checked.
Can I transfer my company registration to another free zone?
Yes, the company’s register can be transferred to another free zone according to the specified procedures.