The New Regulations are the corporate rules and regulations that determine the different legal structures that can be incorporated in the Free Zone and how they legally operate once incorporated. Together with a DSO company’s memorandum and articles of association (Regulation 21), the New Regulations provide the legal and contractual basis upon which a DSO company manages its affairs. The New Regulations were approved by Administrative Resolution No. (ADM LEGAL 001 2023) Regarding Approving DIEZA Implementing Regulations 2023.

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The Dubai Silicon Oasis free zone is considered a qualified free zone that meets the conditions stipulated in the federal legislations related to corporate income tax in the United Arab Emirates, where persons (companies) based in the free zone can be benefiting from a zero percent (0%) rate of the tax on its qualified income as specified by the Cabinet decisions and the ministerial decisions issued in this regard.

Access the Cabinet Resolution No. (54) of 2023 regarding defining free zones for the purposes of the Corporate Tax Law

 

1. Ultimate beneficial ownership declaration form (provided at the time of application).
2. Certified copies of each UBOs’ passports or national identity cards (with English translation if needed).
3. Proof of residential address, such as a recent utility bill or a copy of the UBO’s residential lease (not more than 3 months old).
4. Corporate structure charts which detail the DSO entity’s group shareholding structure up to the DSO entity’s ultimate parent/holding company.
5. A certified copy of the DSO entity’s ultimate parent/holding company’s shareholder register (or any equivalent document); 
6. or A copy of the DSO entity’s ultimate parent/holding company’s latest audited annual report which lists the members of its senior management (i.e. chairman and board members).