The Dubai Silicon Oasis Authority (DSOA) is a strategic project established by the Dubai government in 2004. The free zone was created to serve as a platform for promoting and facilitating contemporary technology-based companies. It is located in Dubai city, adjacent to significant locations such as the Port of Jebel Ali, Port Rashid, and the Dubai International Airport. It is one of the UAE's fastest expanding free zones and is regarded as a prominent center for electronic research and innovation in the Middle East and worldwide.
Dubai Silicon Oasis (DSO) is regarded as the region's unique technological park that offers both a living and working integrated community. The technological park has a cutting-edge utility infrastructure that includes modern energy, telecommunications, and road networks..
Companies operating in the DSOA must follow particular rules and regulations imposed by the free zone authorities in order to remain a licensed business entity inside the DSOA. The DSOA authority is in charge of ensuring that the business climate in the DSO free zone is effectively regulated and controlled. The free zone authority is also in charge of business forms and formations, business license renewal, and the recording and reporting of financial operations of DSOA commercial organizations. When conducting commercial activities on the mainland outside the free zone, business firms within the free zone are required to comply with some additional regulations.
A business entity that wishes to conduct its business operations inside the DSO free zone must first register with the DSOA and receive a valid business license for the activities that it wishes to undertake within the DSO free zone. Any of the following business structures can be used by a business organization to establish its legal presence within the DSO:
A free zone establishment (FZE) is a legal business organization that may be formed with only one stakeholder. AED 1,000,000 is the minimum capital necessary to establish a FZE within the DSO free zone.
Free Zone Company (FZCO): A minimum capital of AED 500,000 is required to create a FZCO in DSO, with one share representing at least AED 100,000 or more. To form a FZCO in the DSO free zone, a minimum of two shareholders are necessary.
A firm's branch can be established in the DSO free zone by any multinational or local company. The branch will only be permitted to perform business operations that are identical to those of its parent firm.
One of the primary advantages of performing an external audit for a firm in the DSO is that it aids in the process of renewing business licenses, which are required for companies in order to continue operating as licensed business entities in the DSO free zone. The audit report assures the firm's owners, stakeholders, and the free zone authorities that the company is effectively managed and that its business activities are carried out in accordance with the norms and regulations applicable inside the DSO free zone.
Our organization is well-known for conducting real estate audits for a variety of real estate enterprises operating in the UAE. We have years of expertise designing innovative and one-of-a-kind company strategies, recognizing and emphasizing various real estate difficulties, and giving solutions to those issues.
Nadeem and Umendra Chartered Accountants are an RERA-accredited auditor qualified to provide excellent audit services to Owners Associations, communities, and real estate developers in the Emirate of Dubai.
Our real estate developer and project services include the following: