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Doing Business in UAE - Morison Menon

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Facilities Offered<br />

(Leasehold and<br />

Freehold)<br />

Rent Per Annum<br />

Lease Period<br />

Possible Legal<br />

Entities<br />

Capital-cash<br />

physical<br />

No. of Shareholders<br />

Formation Fee<br />

Types of licenses<br />

issued<br />

License fee<br />

<strong>Bus<strong>in</strong>ess</strong> Segments<br />

Visas<br />

Company formation<br />

period<br />

Other Info<br />

Dubai Silicon Oasis (DSO)<br />

DUBAI SILICON OASIS (DSO)<br />

Location<br />

Established<br />

Distance<br />

Size of the Zone<br />

Office Units<br />

M<strong>in</strong>imum space available is 500 sq. feet<br />

( No space restriction )<br />

Branch of Foreign<br />

Company<br />

(Includ<strong>in</strong>g Offshore<br />

Company)<br />

None<br />

-<br />

None<br />

Dubai-U.A.E at the <strong>in</strong>tersection of Emirates Road & Dubai -<br />

Al A<strong>in</strong> Road<br />

2004<br />

Dubai-Al A<strong>in</strong> Road.17 kms from Dubai International<br />

Airport<br />

Rate is decided by the Management Rate is decided by the Management<br />

3 Years – renewable<br />

Up to fifty years<br />

Branch of a <strong>UAE</strong><br />

Company<br />

None<br />

-<br />

None<br />

Plot of land<br />

10,000 m2 and above<br />

Warehouses & Light <strong>in</strong>dustrial unit<br />

Free Zone<br />

Establishment<br />

(FZE)<br />

US$ 272,703<br />

(AED 1,000,000)<br />

One<br />

US $ 2,727<br />

(AED 10,000)<br />

Free Zone<br />

Company<br />

(FZCO)<br />

US$ 136,352<br />

(AED 500,000)<br />

M<strong>in</strong>imum 2<br />

Maximum 5<br />

US $ 4,091<br />

(AED 15,000)<br />

R&D, Design, Development & Manufactur<strong>in</strong>g of <strong>in</strong>tegrated Circuits, Microelectronics,<br />

Optoelectronics and related activities.<br />

1 employee visa per 100 sq of office space, additional visas would be issued based on<br />

requirement and justification.<br />

30 days<br />

Trade License<br />

US $ 4,091<br />

(AED 15,000)<br />

<strong>Do<strong>in</strong>g</strong> <strong>Bus<strong>in</strong>ess</strong> <strong>in</strong> <strong>UAE</strong> and <strong>UAE</strong> Free Trade Zones 4th Edition 2006<br />

Service License<br />

US $ 4,091<br />

(AED 15,000)<br />

Industrial License<br />

US $ 4,091<br />

(AED 15,000)<br />

Dubai Silicon Oasis (DSO) is a strategic Project of the Dubai Government. A world class<br />

Semiconductor and Microelectronics technology park, it is attract<strong>in</strong>g IC design,<br />

development and manufactur<strong>in</strong>g companies focus<strong>in</strong>g on the areas of Photovoltaics, Micro,<br />

Nano and Opto-electronics. In addition, DSO is creat<strong>in</strong>g a thriv<strong>in</strong>g urban master-planned<br />

community consist<strong>in</strong>g of educational, commercial and residential areas. Work<strong>in</strong>g with<br />

global technical universities & <strong>in</strong>stitutes, DSO is tak<strong>in</strong>g a lead<strong>in</strong>g role <strong>in</strong> the region <strong>in</strong><br />

creat<strong>in</strong>g a highly talented eng<strong>in</strong>eer<strong>in</strong>g workforce. As an established Free Zone, DSO offers<br />

a highly competitive <strong>in</strong>frastructure and outstand<strong>in</strong>g logistics ensur<strong>in</strong>g success for its<br />

hi-tech partner companies.<br />

<strong>Morison</strong> <strong>Menon</strong><br />

73

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