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Establishing a company in the Silicon Oasis Free Zone

Costs of establishing a company in the UAE

٠١ يناير Establishing a company in the Silicon Oasis Free Zone

Silicon Oasis in the free zone is considered one of the most prominent global centers for innovation and entrepreneurship in the field of technology and communications. If you dream of establishing a company in the Silicon Oasis Free Zone, it requires the use of the right partners to achieve success, and that company is Itqan Company.

Itqan Company is an expert in establishing a company in the Silicon Oasis Free Zone, and provides comprehensive support and assistance to pioneers and entrepreneurs in achieving their vision and turning their ideas into reality. Whether you want to create a technology company or a startup in the field of innovation, Itqan provides you with the guidance and advice necessary for success.

In Silicon Oasis, companies enjoy many distinct advantages such as advanced infrastructure, strong government support, and future orientation towards technology. By cooperating with Itqan Company, you can benefit from these advantages and overcome potential challenges in the process of establishing the company.

Itqan Company is distinguished by a team of experts in the field of establishing and developing companies in the free zone , marketing, finance, and technology. The company will provide support in all aspects of establishing the company, from developing the strategy and preparing the business plan, all the way to obtaining licenses and legal registration, and providing the necessary financial and legal advice.

 

How to establish a company in the free zone
Establishing a company in the Silicon Oasis Free Zone

Establishing a company in the Silicon Oasis Free Zone

Establishing a company in the Silicon Oasis Free Zone represents an exciting opportunity for entrepreneurs and entrepreneurs in the field of technology and innovation. Silicon Oasis features advanced infrastructure and a pioneering environment full of startups and international technology companies. In cooperation with Itqan Company, investors can benefit from the comprehensive experience and knowledge to establish a successful company in this innovative city.

Establishing a company requires adherence to the procedures and conditions specified by local authorities and obtaining the necessary licenses. Here comes the role of Itqan Company in providing the necessary support to investors in this process. It provides comprehensive consultations in setting the strategy and preparing the business plan, guiding investors in preparing the necessary documents and dealing with the concerned authorities.

In addition, Itqan Company provides support in other aspects such as legal, financial and marketing affairs. It helps investors achieve the ideal balance between innovation, operations and commercial expansion, which contributes to the company’s success in Silicon Oasis.

In short, starting a company is an irreplaceable opportunity to integrate into an advanced technological environment, face challenges and achieve success. Through Itqan, investors can benefit from comprehensive support and expertise to achieve their goals and turn their ideas into reality in Silicon Oasis.

Ways to establish a company in the Silicon Oasis Free Zone

Establishing a company in a free zone such as Silicon Oasis can be a relatively streamlined process compared to setting up in other sectors. Here are some basic steps to start a company in Silicon Oasis:

  1. Market study and idea formulation: Study the market and analyze the opportunities available in the field of technology and innovation. Formulate an innovative idea and determine the type of company you want to establish.
  2. Choosing the right type of company: Decide whether the company will be a sole proprietorship, a partnership, or a limited liability company (LLC).
  3. Determine the name and registration: Choose a name for the company that is unique and reflects its activity, then register the name in the commercial registry.
  4. Preparing legal documents: Prepare the legal documents required to establish the company, such as the articles of association and articles of association.
  5. Obtaining Licenses and Permits: Obtain the necessary licenses and permits to conduct business activity, this may include municipal licenses, building permits, and health and safety.
  6. Secure the necessary space: Determine the appropriate location for the company headquarters, and ensure compliance with all local laws and regulations.
  7. Appoint a financial accountant: Appoint a professional financial accountant to manage the company’s financial affairs and ensure that financial records are accurately organized.
  8. Starting work: After completing the legal and administrative procedures, you can start practicing your business and marketing your products or services.

The cost of establishing a company in the Silicon Oasis Free Zone

The company, the size of its activities and its specific needs. Here is a set of expenses that you may incur when establishing a company in Silicon Oasis :

  • Registration and license fees: The necessary registration and license fees must be paid to the relevant government bodies.
  • Legal and accounting consultation fees: You may need to consult a lawyer or accountant to assist in the incorporation process and implement the necessary legal and financial procedures.
  • Rental fees and work spaces: Rental fees must be paid for commercial or office spaces that you need for the company’s work.
  • Logistics and Administrative Support Fees: You may incur additional costs for logistics services such as shipping, customs clearance, and administrative support services.
  • Required capital: Some types of companies and activities may require a certain paid-up capital before establishing the company.

 

Benefits of investing in the free zone
How to establish a company in the Silicon Oasis Free Zone

Documents for establishing a company in the Silicon Oasis Free Zone

The documents required to establish a company in a free zone such as an oasis in Dubai vary based on the type of company and its legal structure, and may include the following documents:

  1. Company license application form: includes information about the type of company, its activity, shareholders, location, and management structure.
  2. A sample company establishment agreement (Memorandum of Association): that specifies the goals, objectives, and activities carried out by the company and the terms of the contract between shareholders.
  3. A model system of internal laws (Articles of Association): It specifies the procedures and rules that must be followed to manage the company and organize its internal work.
  4. Form for appointing a company director and key officers: includes information about the person responsible for managing and implementing the company’s business.
  5. Work visa form (for foreign employees): If the company intends to employ foreign employees, you may need to apply for work visas for them.
  6. Passport photo and personal photos of shareholders and directors: You need to submit a passport photo and personal photos of all shareholders and directors concerned.
  7. Bank endorsement certificate: Banks may request a bank endorsement certificate proving the deposit of the required capital into the company’s account.

Guidelines for establishing a company in the Silicon Oasis Free Zone

Establishing a company in a free zone in Dubai can be a process that requires some planning and special procedures. Here are some guidelines that may help you in this process:

  • Market study and strategic research: Before embarking on the establishment process, study the local and global market to understand the demand for your products or services, and conduct a strategic analysis to determine the company’s position, competition, and potential opportunities.
  • Choosing the appropriate company type and legal structure: Before establishing a company, determine the appropriate company type for your business (joint stock company, limited liability company, etc.) and decide on its official title and legal structure.
  • Obtaining a company license: Follow the necessary procedures to obtain a company license from the competent authorities in Silicon Oasis, and ensure that all requirements are met and the required documents are submitted.
  • Necessary visas and residency: Make sure to obtain the necessary visas and residency for yourself and the employees you intend to employ, and submit the necessary applications for them.
  • Insurance and tax registration: Carry out the necessary insurance for the company and employees and do tax registration in accordance with local tax laws.
  • Initiate the necessary operations: After establishing the company, create the organizational and administrative structure, obtain the necessary contracts with suppliers and customers, and develop a marketing and promotion strategy for the company.
  • Compliance with local laws and regulations: Ensure compliance with all local and international laws and regulations related to company activities, and update documents and licenses regularly.
  • Continuous follow-up and improvement: Regularly monitor the company’s performance, analyze financial and operational data, and take the necessary measures to improve performance and achieve the company’s goals.

In conclusion, establishing a company in the Silicon Oasis Free Zone in cooperation with Itqan Company represents an exceptional opportunity for pioneers and entrepreneurs who seek innovation and excellence in the field of technology and innovation. Silicon Oasis provides advanced infrastructure and an entrepreneurial environment that attracts startups and brings them together in one place, creating opportunities for cooperation and the exchange of ideas and experiences.

By cooperating with Itqan Company, investors can benefit from comprehensive support and extensive knowledge in company establishment, corporate development, marketing, finance and technology. It helps the company overcome challenges and help achieve success in the competing Silicon Oasis.

Frequently asked questions about establishing a company in the Silicon Oasis Free Zone

What are the basic steps to establish a company in a free zone such as Silicon Oasis?

The steps begin by determining the type of company and preparing the required documents such as contracts and agreements, then registering the company with the competent authorities in the free zone and obtaining the necessary licenses.

What types of companies can be established in Silicon Oasis?

Limited companies, joint stock companies, subsidiaries of foreign companies, and other types can be established according to local legislation.

What are the main benefits of establishing companies in a free zone like Silicon Oasis?

Benefits include low or zero tax, facilitation in permits and licenses, access to advanced infrastructure and support services for startups.

Do there need to be local partners to open a company in Silicon Oasis?

This depends on the type of company and local legislation, as some types may require a local partner.

What are the expected costs of establishing a company in a free zone such as Silicon Oasis?

Costs vary depending on the type, size, and activity of the company, and include registration fees, licenses, and legal consultation fees.

Can foreigners establish companies in Silicon Oasis?

Yes, foreigners can establish companies in Silicon Oasis provided they comply with local legislation and legal requirements.

What support services are available for startups in Silicon Oasis?

Supporting services include marketing and promotional services, logistical support and infrastructure facilities, and financial support and training programmes.

What are the tax and legal obligations of companies in Silicon Oasis?

Tax and legal obligations vary depending on the type of company and local legislation, and companies must comply with applicable tax and legal laws and regulations.