DSOA is established by Dubai government with a mission to enhance Industries based on modern technology hence nurturing the regions demand for business expansion. Its state of the art infrastructure provides a sophisticated industrial, educational, commercial, residential and public facility.
Business setup in DSOA
In DSOA a client can incorporate the following:
1) Free Zone Company (FZCO)
2) Free Zone Establishment (FZE)
3) Branch
The license types available are:
1) Trade License
2) Service License
3) Industrial License
4) Entrepreneurial Business license
5) Business Operation Permit
Process of company formation in DSOA
A) Initial Approval:
1) Submit dully filled application form
2) Letter of intent
3) Business plan
4) Passport copy of the shareholder(s)
5) Passport copy of the Manager
6) NOC for Manager (UAE residence only)
7) Copy of MOA / AOA of the parent company (branch setup)
8) Certificate of Incorporation / Formation wherever applicable
9) Copy of Trade license (GCC company branch / subsidiary setup)
Once the above documents are assessed, letter of initial approval is issued to client along with the Invoice.
B) Registration Process:
1) Proof of settlement of Invoice
2) Proof of selection of desired property (office space / land)
3) Passport copy of the Director and secretary (Natural / corporate person)
4) Proof of bank remittance towards share capital amount
5) MOA & AOA of the parent company if the company’s shareholder(s) is Corporate person
6) Board Resolution for formation of a company / branch / subsidiary
7) Board Resolution for shareholder(s) (Natural person / Corporate person / Natural & Corporate person)
8) Board resolution on share capital amount
9) Board resolution on composition / allocation / subscription of shares
10) Board resolution appointment of Director(s), Secretary and Manager
11) Board resolution on POA to Manager / Legal representative if appointed
12) Specimen signature(s) of Director, Secretary and Manager
13) All the documents should be submitted in original or be notarized / attested by relevant government authorities wherever applicable
14) Any other additional document required by the authority to issue license.
The will assess the legality of all the documents then issue the lease agreement and license to the client.