1. Streamlined and Affordable Setup:

DSOA’s appeal lies in its efficient setup services. The free zone boasts a rapid business licensing process, with the entire application taking a mere seven days. License and lease agreements are typically issued within two days of submitting necessary documents. Required documents include a completed application form, letter of intent, shareholder passport copies, a no objection certificate (NOC for UAE residents), a bank statement, and a business plan.

2. Diverse Business Opportunities:

While DSOA primarily caters to the IT sector, it accommodates a wide array of business types. Offering service, trade, and industrial licenses across various industries listed by the Department of Economic Development (DED), DSOA encourages collaboration among sectors such as technology, construction, and agriculture.

3. Flexible Setup and Workspace Options: Mandatory workspace aside, DSOA provides flexibility. The flexi-desk package allows entrepreneurs to use cutting-edge business facilities on an ad-hoc basis, with a maximum of three visas. Permanent options include offices, warehouse spaces, and open land for development.

4. Visa Options and Sponsorship:

Whether opting for the flexi-desk package or securing office or warehouse space, DSOA facilitates multiple visas. However, the number of visas correlates with the space acquired, with a rule of one visa for every nine sq ft. Sponsorship for dependents is straightforward, involving stages such as entry permit, status adjustment, a medical fitness test, Emirates ID registration, and visa stamping.

5. Multiple Shareholders and Low Share Capital: Setting up a free zone establishment allows for sole control, but partnerships are feasible through a free zone company with two to five shareholders. The low barrier to entry, requiring AED 10,000 in share capital, makes DSOA particularly appealing to first time entrepreneurs.

6. Robust Auditing and Bookkeeping:

DSOA’s commitment to robust auditing and bookkeeping standards enhances its standing among financial institutions. Though mandatory, the process involves submitting yearly books and undergoing an annual audit.

7. Effortless Corporate Bank Account Setup:

Upon acquiring a license and establishing the business, the process of setting up a corporate bank account is swift and straightforward. DSOA staff or company formation specialists can guide businesses in choosing an appropriate bank.

8. Integrated Living and Working Environment:

Positioning itself as an ‘integrated city within a city,’ Dubai Silicon Oasis offers residences alongside business facilities. From luxury villas to apartments, the free zone provides a holistic environment with shops, restaurants, and various community facilities.