Dubai Knowledge Village
Dubai Knowledge Village (DKV) is one of the leading free zones located in Dubai. The freezone offers entrepreneurs an environment where they can set up a business related to personal and professional development. It plays a pivotal role in the broader strategy to position Dubai as a global leader in the knowledge and education sector.
Also commonly known as Dubai Knowledge Park (DKP), the freezone is dedicated to human resource management and learning excellence among others. Let us explore more about Dubai Knowledge Village with regards to business setup.
Which Licenses Can I Avail for Business Setup in DKV Free Zone?
There are various types of licenses which can be obtained from the authorities in Dubai Knowledge Village. Let us learn about them:
- Commercial License - You can engage in a wide range of commercial activities by availing this license. Based on the specific business activity, you can choose between general trading and other trading licenses.
- Consultancy License - Availing the consultancy license can help you offer consultancy services to businesses located within the DKV free zone.
- Educational License - The license is ideal if you plan to establish a business that offers educational services in the free zone.
- E-commerce License - If you wish to sell products and services online with Dubai Knowledge Park, the license can be obtained from the authorities.
- Freelance License - This license can be availed if you wish to operate as a freelancer in the freezone. It will enable you to independently offer services to clients.
Business Structures Available in Dubai Knowledge Village
To register a business in DKV free zone, you can opt for any one of the following business entities:
- Free Zone Limited Liability Company (FZ - LLC) - You can opt for this structure irrespective of whether the shareholders are individuals or companies.
- Branch of a UAE or Foreign Company - If the major decisions related to the business are taken by the management located in the company headquarters, this business structure can be opted for.
- Association/Freelancer - Company formation in the freezone is also possible as an association or freelancer. If you offer products and services in a bid to ensure smooth business operations, this business entity can be an ideal option.
Why Setup a Business in Dubai Knowledge Village Free Zone?
There are a number of benefits which can be accessed when it comes to starting a business in the DKV free zone. Let us take a look at them:
Access to Good Infrastructure
For business setup in the freezone, you get to access world-class infrastructure as it offers businesses the latest facilities to ensure growth.
Conducive Ecosystem
Dubai Knowledge Village ensures that businesses across sectors can grow. Given this, it focuses on providing a conducive ecosystem by taking consideration of all the necessary facilities required to scale a business. You can easily access a skilled workforce, explore networking opportunities, avail flexible office spaces among others for company formation in the DKV free zone.
Ownership
For setting up a business in the freezone, you don’t need to have a local sponsor. It ensures that as an entrepreneur you can have 100 percent ownership of the established business.
Tax Benefits
DKV offers a tax friendly atmosphere for businesses. They ensure this by not imposing personal income tax and offering custom duty exemptions. In addition to this, entrepreneurs can benefit from not paying tax for up to 50 years.
Strategic Location
Given the location of Dubai, it emerges as an important trade hub. Business setup in Dubai Knowledge Park enables you to access global markets. Be it Europe, Asia or Africa, you can target a new audience with your products and services by establishing a business in the free zone.
How to Establish a Business in Dubai Knowledge Village Free Zone?
You need to finalise the business activity among the available ones which you wish to undertake in the freezone. In addition to that, the appropriate business entity also needs to be chosen based on your business needs.
The next step involves filing the application for company registration. It involves availing approvals from relevant authorities, submitting necessary documents and payment of requisite fees.
You need to secure an office space in the DKV free zone. It enables you to conduct business operations in a seamless manner. You can opt for shared spaces, serviced offices or built-to-suit solutions depending on your business needs.
Once all the formalities are completed, you need to approach a bank to open a corporate bank account. It helps in facilitating smooth financial transactions related to the business.
Documents Needed for Dubai Knowledge Village Business Setup
- Copy of passport and specimen signature of company director(s) and the appointed manager
- Copy of Board Resolution
- Certificate of Authorization for the Gulf Standardization Organization (GSO)
- Proof of share capital
- Shareholder details
- Copy of agreement for personnel secondment
- Copy of Memorandum of Association (MoA) and Articles of Association (AoA)
- No Objection Certificate (NOC) from residency visa sponsor
What our clients say
Gryffin Capitalist delivers exceptional service for hassle-free UAE freezone company formation. They offer step-by-step guidance, ensuring your business is operational quickly.
Setting up a freezone company in Dubai with Gryffin Capitalist is straightforward and efficient. The team provides expert guidance, ensuring compliance with all legal requirements.
Gryffin Capitalist simplifies Sharjah freezone company formation with its expert advisors and tailored services. They handled everything from documentation to licensing efficiently.
Why Choose Gryffin Capitalist?
Gryffin Capitalist, a company formation consultant can streamline the entire process involved with business setup in Dubai Knowledge Village. The advisors can ensure that all compliance requirements are fulfilled and it is a hassle-free experience for you.
With years of experience in the field of company incorporation, thorough understanding of local regulations and a proven track record makes us a trusted name. By providing tailored and comprehensive services at cost-effective prices, we ensure that you can establish a business in Dubai Knowledge Village free zone seamlessly. Contact us to get started today!
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Best Freezones to choose to start your Company
Our business consultants have chosen freezones which are ideal for start-ups, business owners, and SME companies. These freezone provide a quick company registration process and a complete ecosystem for businesses.
Frequently Asked Questions (FAQs)
Yes, the Free Zone offers the facility of availing on-site visa processing service.
The cost of registering a company in the free zone varies depending on the chosen business activity and structure, availed business license, and other factors like additional approvals, acquired office space and more. To know the exact amount, contact the business advisors of Gryffin Capitalist.
Yes, it is possible to renew a business license through an agent. If you are undecided, feel free to explore Gryffin Capitalist and contact us.
Some of the permitted activities in Dubai Knowledge Village include human resource consulting, professional and management development training, tutoring services, language training, technical and occupational skills among others.
No, it is not permitted to use the license for business purposes outside of the Free Zone.
