AUDITORS IN THE DSO (DUBAI SILICON OASIS) UAE
DUBAI SILICON OASIS AUTHORITY (DSOA)
DSOA is a 100% government-owned free trade zone launched in 2004 by the Dubai government. It was established following Law No 16 of 2005 of the government of Dubai, with an objective to provide a platform to promote and facilitate modern technology oriented industries. It is located in the city of Dubai near to the Dubai International Airport, Port Rashid and Jebel Ali sea Port. It is the leading electronic innovation and development hub for technology based industries, in the Middle East region.
TYPES OF COMPANIES/BUSINESSES IN DSOA
1. FREE ZONE COMPANY (FZCO)
A Free Zone Company in DSO is registered with minimum of two shareholders. Shareholders can either be individuals or corporate entities. The minimum capital requirement to establish a FZCO in Dubai silicon oasis is AED 500,000 (with one share representing AED 100,000). A Free Zone Company in DSO enjoys limited liability status.
2. FREE ZONE ESTABLISHMENT (FZE)
A Free Zone Establishment (FZE) is a legal entity which can be incorporated by a single shareholder. The minimum capital required to establish a FZE in Dubai Silicon Oasis is AED 1,000,000.
3. BRANCH OF A LOCAL OR INTERNATIONAL COMPANY
Any local or foreign company can register its branch in the DSO free zone. The branch can only conduct activities that are identical with those carried out by its parent company. There is no requirement for minimum capital in relation to registering a branch in the DSO free zone.
BENEFITS FOR BUSINESSES OPERATING IN DSO
HOW WE CAN HELP YOU IN COMPLYING WITH THE EXTERNAL AUDIT REQUIREMENT
A&A Associate LLC is a DSO approved audit firm in UAE providing external audit services in the DSO free zone as well as other free zones. We are also registered with major banks and financial institutions in the UAE.