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UAE Free Zone (Silicon Oasis) · via Shuraa Business Setup (UAE BSC)·🇺🇦Founder profile

Incorporating a Silicon Oasis Free Zone LLC for Ukrainian IT Contractors

VerifiedJul 2026
EligibilityConditional
Setup timeline21–45days
Year-1 total$7,500

Ukrainian IT contractors establishing a presence in Dubai Silicon Oasis must navigate both UAE Federal Decree-Law No. 47 of 2022 and Ukrainian tax residency rules regarding Diia City. This structure provides a legal entity for international service contracts while requiring adherence to local substance regulations.

Formation involves registering with the Dubai Silicon Oasis Authority and managing ongoing compliance obligations to maintain tax benefits.

§ 01Cost of ownership

Model the full outlay, not just the setup fee

Renewal costs sneak up on non-resident founders. Compare year-1 filing against a 3-year total to see the real bill.
Currency · USD (live FX)
2-year cost of ownership
$12,000
≈ $500.00/month amortized·USD @ live FX
Time horizon
Line items
Amount
  • SetupShuraa Business Setup (UAE BSC) setup
    $7,500
  • AnnualYear 2 renewal
    $4,500
Total$12,000
§ 02Tax residency · Ukrainian IT Contractors

What the tax authority sees

US federal / local status

UAE Federal Decree-Law No. 47 of 2022 imposes a 9% Corporate Tax on taxable income exceeding AED 375,000 for Free Zone Persons.

Home-country rule

Diia City tax regime; war-time residency displacement rules

Editorial verdict

Leverage Silicon Oasis's tech-specific infrastructure to qualify for potential tax incentives while maintaining compliance with Diia City reporting requirements.

Key compliance risks
  • 01Economic substance requirements for tax residency
  • 02Double taxation risks with Ukraine's tax authorities
  • 03Strict anti-money laundering compliance for non-resident directors
§ 03Setup timeline

From filing to funded bank account

Setup timeline
21–45days total, 3 phases
Milestone check
Filing · Tax ID · Banking
d0
d11
d23
d34
d45
01FilingShuraa Business Setup (UAE BSC) submits formation docs
d0–d16
02Tax ID / EINLocal tax authority registration
d14–d34
03BankingBusiness account approved & funded
d27–d45
§ 04Head-to-head

UAE Free Zone (Silicon Oasis) vs US LLC (Wyoming)

Full comparison →
UAE Free Zone (Silicon Oasis)
Free Zone LLC
US LLC (Wyoming)
LLC
Entity
Free Zone LLC
LLC
Setup cost
$1,428
$102.00
Annual
$1,428
$60.00
Local director
Remote OK
Remote OK
Physical presence
Remote OK
Remote OK
Tax regime
9% CT above AED 375k; tech-focused free zone with data-center infrastructure
0% state tax; federal only on US-source income
§ 05Questions founders actually ask

FAQ

Yes. Ukrainian tax residents are subject to controlled foreign company (CFC) rules. You must report your UAE income to the Ukrainian State Tax Service and ensure your tax residency status is correctly declared to avoid double taxation.
More profiles for UAE Free Zone (Silicon Oasis)
Ukrainian IT Contractors — other jurisdictions
Next step

Start filing with Shuraa Business Setup (UAE BSC)

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