Company Formation in Dubai Silicon Oasis

Dubai Technology Entrepreneur Centre (DTEC) is a business centre developed by Dubai Silicon Oasis Authority for accommodating and supporting technology companies and young entrepreneurs who need Company formation in Dubai Silicon Oasis.

With over 3,600 square meter of space it is the largest entrepreneur center in the Middle East housing space for over 1,000 innovative and technology driven minds. The main mission of DTEC is to attract and support inspiring tech ideas within a creative environment that encourages the success and growth to the entrepreneur.

Company formation in Dubai Silicon Oasis (DTEC Company Registration & Setup ) by Global Incorporations

DTEC is designed as a high-tech ecosystem which offers businesses a plethora of advantages including a state-of-the-art infrastructure, in-house business services and strong business support such as technology investment incentives for large enterprises, entrepreneurial support, incubation centre and venture capital funding.

The key benefits of DTEC company setup is as follows:- 100% foreign ownership, 100% repatriation of capital, 100% exemption from personal income tax, corporate tax, service tax, import and export tax, low cost of operations, no currency restriction, access to regional pool of talented and engineering professionals and of course access to consumer markets of 5 billion people across MENA and Indian Subcontinent.

Characteristics of  DTEC Company Setup:

Location:

DTEC Building, Dubai Silicon Oasis, Dubai, (U.A.E.)

Proposed activity:

Computer Graphic Design Services, Software House, Electronic Chips Programming, Internet Content Provider, IT Infrastructure, Portal, Portal Building, Public Networking Services, Web-Design

License available:

Service license can be obtained

Type of entities:

FZE (single shareholder), FZCO (2-5 shareholders) & Branch office

Shareholder:

Can be Individuals or Corporate entity

Director:

Individuals only (Minimum one. Shareholder can also be Director)

Share capital:

AED 10,000/- (10 shares of AED 1,000/- each) in case of FZE/FZCO & AED Nil/- in case of Branch office. (Required to be deposited in bank before or after incorporation).

Do note that shares are deemed to be issued on incorporation of the company irrespective of whether share capital is deposited in bank pre or post incorporation.

Audit:

Annual audit report to be filed by FZE & FZC. Not required for Branch office.

Estimated time:

4-5 weeks for incorporation & setting up company.

Another 10-15 working days for immigration card subject to security clearance & thereafter Visa may take approximately 7-10 working days on normal basis.

Doc's Required for DTEC Company Registration:

Shareholder: Individual

  • Letter of authorisation
  • Application form to be duly filled & signed
  • Business plan in brief (if required)
  • Passport copies with visa page of owners/directors/manager
  • Tourist/visit visa copy of owners/directors/manager
  • Entry stamp page for owners/directors/manager
  • NOC for owners/directors/manager if holding UAE visa
  • 1 passport size photo with white background for owners/directors/manager
  • CV & Degree of owners/directors/manager

Shareholder: Corporate

  • Letter of authorisation
  • Application form to be duly filled & signed
  • Business plan in brief (if required)
  • Passport copies with visa page of directors/manager
  • Tourist/visit visa copy of directors/manager
  • Entry stamp page for directors/manager
  • NOC for directors/manager if holding UAE visa
  • 1 passport size photo with white background for directors/manager
  • CV & Degree of directors/manager
  • Following doc's of corporate entity to be attested with UAE Consulate in country of corporate entity & MOFA in UAE: COI/MOA/AOA/POA/Board resolution

Note: All shareholders (or authorized attorney in case shareholder is a corporate entity) are required to personally visit and sign in presence of licensing authority before incorporation of the company. Alternatively they can issue a POA duly attested by UAE consulate in their country of residence & thereafter attested by UAE Ministry of Foreign Affairs (which may cost approx. AED 2,500/- per POA).

Company Formation in Dubai Silicon Oasis' Price:

Register company now for approx. USD 6,617/- (Service License Related to IT).

Other Notes for DTEC Company Formation:

  1. Document legalisation cost (in case of corporate shareholders) with UAE Ministry is not included in above cost
  2. Shareholder or directors wishing to have UAE residency visa on said company will need to revisit after issuance of license, immigration card and visa for stamping of visa on the passport and may need to stay in UAE for 5 to 7 working days as that process may take time.
  3. Please note that DTEC does not have any facility to provide warehouse
  4. Post box renewal is required to be done on 31st December every year
  5. Company Immigration card to be renewed every 3 years
  6. Investors to have family status UAE visa should have share capital of AED 75,000/- and in order to be eligible for Owner/Investor/Partner visa should have share capital of AED 60,000/-

Global Incorporations Company Formation Services has helped many corporate organizations and individual person to fulfill their dream of company formation in Dubai Silicon Oasis Free Zone, Ajman offshore company formation and business registration in other jurisdictions. Global Incorporations provides you helps and consultancy with DTEC Company Registration.

Register your company in Dubai Silicon Oasis Free Zone by clicking Register Now button below;

Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal, tax or other professional advice. We do not accept any responsibility, legal or otherwise, for any errors or omissions.