Dubai Knowledge Village

Dubai has drawn both business and tourists over the past ten years. Indeed, the tourist sector alone has brought in millions of foreign investors, benefiting both the government and investors financially. On the other hand, locals are also very important to the nation’s development. Students haven’t given the Middle East much thought when developing their careers in the last ten years. Modern universities and training facilities that have established themselves in Dubai have completely transformed everything. Dubai Knowledge Village was established to support the region’s high-quality educational system. DKV, or Knowledge Village Dubai, is essentially a free zone with the primary goal of advancing education in the area. You may locate all businesses involved in this industry, including training facilities and Knowledge Village Dubai universities, in Dubai Knowledge Village.

Dubai Knowledge Village A Hub for Education and Professional Development

The TECOM organization is in charge of Dubai Knowledge Village, which was founded in 2003. A businessman who wants to support human resource management or education as a whole has discovered that Knowledge Village Dubai is the only free zone in the world created specifically to support the nation’s knowledge-based economy. Several renowned universities from Australia, Russia, Iran, Belgium, Canada, the UK, Ireland, and Australia have each opened a distinct branch in the Knowledge Village Dubai universities. Among the well-known establishments are the Eton Institute, The British University, and The University of Wollongong. Dubai Knowledge Village has made a name for itself as a business hub for professional development, with over 450 company partners.

Dubai Knowledge Village Business Setup

Although setting up a business in Dubai Knowledge Village only requires a few simple procedures, don’t take this process for granted. Throughout the procedure, numerous expert consultations are needed. In Dubai Knowledge Village business setup, companies are authorized and registered by the Dubai Creative Cluster Authority (DCCA). Below is a comprehensive guide to the company formation in Dubai process.

Benefits of Company Formation in Dubai Knowledge Village Free Zone

• 100% Foreign ownership
• 100% repatriation of profits and capital
• 0% Customs duty for goods/services
• 100% exemption on personal and corporate tax (for up to 50 years)
• An ideal business environment
• 24/7 Visa services
• Easy visa issuing procedure
• Well-known local, global, and regional institutes
• A profitable operation environment
• Simple company formation in Dubai procedure
• Fast-track immigration process

Business Activities Allowed in Dubai Knowledge Village Free Zone

It is important to check for business entities allowed in a specified free zone. The list of allowed activities in Knowledge Village are as follows:

• Computer Science Training
• Local/International Language Training
• Fine Arts Training
• Tutorial services
• Occupational and Technical skills
• Management development training
• Skills development training
• Content Development
• Human Resource Consultancy
• Freelancing and association
• Training and Assessment

Types of Company Setup Dubai in Knowledge Village Free Zone

1: Branch of Foreign/UAE Company

A branch is a legally dependent part of a Foreign/UAE parent company (No minimum capital is required). It can conduct all the same business operations as a parent company. Documentation requirements are:

For Branch of a Foreign/UAE Company/Establishment:

• Application Form
• Business Plan
• Certificate of Incorporation (Copy)
• Manager of a proposed company (Visa and passport copies)
• Legal representative (Visa and passport copies)

2: Free Zone Limited Liability Company

It is a separate legal entity established as shareholders/Individuals and/or Corporate entities. The capital requirement varies for each business activity.

For FZ-LCC Shareholder/Corporate person:

• Application Form
• Business Plan
• Certificate of Incorporation (Natural/Corporate person as a shareholder)
• Shareholder and Manager of a proposed company (Passport copies)
• Director(s) (Passport Copies)
• Legal representative (Passport copies)

3: Freelancer

The freelancer permit is ideal for you if you wish to operate as the only employee of your company. Instead of using a brand name, it enables you to work under your real name.

For Freelancers:

• Application Form
• Business Plan
• Portfolio of the application
• Personal reference letters (minimum 3 required)
• Passport copy

It may take up to four weeks for your application to be approved once you fill it out and send it to the appropriate authority. The authorities will provide your business with an initial permission letter as soon as your application is accepted. At that point, you can select your Dubai Knowledge Village office space and determine whether you need a regulated contractor. Your lease agreement will then be prepared as a result. You will receive a spare capital certificate along with a legitimate company setup Dubai license once all of this paperwork is completed.

6-Step Procedure for Business Setup in Dubai Knowledge Village Free Zone

Company formation in DKV is approved by the Dubai Technology and Media Free Zone Authority (DTMFZ). The 6-step procedure for business setup in Dubai are as follows:

1. Fill the application form and submit it
2. Submit documentation for registration of your company
3. Sign the Customer Confirmation Letter (CCL) and make the appropriate payments
4. Sign and return the Memorandum and Article of Association (MAA)
5. Deposit your share Capital
6. Lease (Sign) the personal Sponsorship agreement

Minimum Capital Requirement

• Branch establishment (e.g., Schools and Universities) have no minimum capital requirements.
• FZ-LLC are required to have a minimum requirement of AED 50,000.

Our Role in the Business Setup Dubai in Knowledge Village Free Zone

For investors and business owners worldwide, opening a company setup Dubai in the free zone is a lucrative endeavor. The majority of Dubai’s free zones have some kind of restriction on forming a corporation, while Dubai Knowledge Village business setup takes a different approach. Easy registration, utilizing shareholders, infrastructure benefits, and fewer licensing processes are all offered by the Dubai Knowledge Village free zone.

We at Setup Dubai Business have a committed group of advisors with the necessary knowledge to set up businesses in Dubai Knowledge Village. Our services cover everything from New Business Setup in Dubai, business plan preparation, license acquisition, office setup, legal translation, consulting, and more. We advise our clients to focus on running their businesses, leaving the application and paperwork procedure to us.

When we work together, we can provide our gifted people with a better future. Please send us a brief query if you need any legal help. Our representative will contact you back after receiving your details.