Dubai Knowledge Park (DKP) free zone caters to the development and management of human resources and the promotion of the country as a knowledge-based economy. It is also popularly known as Dubai Knowledge Village. Dubai Knowledge Park was established in 2003 as a part of the TECOM group. It offers programs in multiple fields such as Consultancy, Human Resource Management, Training, and Personal Development.
Types of company licenses at Dubai Knowledge Park
One can opt for commercial, services, and freelance licenses at DKP. The various types of legal structures that are available include the following:
Benefits
The benefits of Dubai Knowledge Village Business Setup are:
- 100% foreign ownership permitted.
- 100% repatriation of profits.
- 100% repatriation of capital.
- No personal income tax.
- No corporate tax.
- Presence of all the global, regional, and local industry players.
- Well-built and good infrastructure.
- Business-friendly legal framework.
- Well-equipped conference and meeting areas.
Suitability
Dubai Knowledge Park is suitable for:
- Vocational training setup
- Educational institutes
- Human resource consultancies
- Management start-ups
- Freelancers
Permitted business activities
The various business activities that are permitted in the DKP are Professional and Management Development Training, Computer Training, Language Training, Fine Arts Training, Child Skills Development Training, Tutoring Services, Technical & Occupations Skills, Human Resources Consultancy, Research & Development, Content Development, Assessment and Testing, Executive Search, Freelancers and Association (Non-Profit).
Products
The various products offered by Dubai Knowledge Village include:
1. Commercial Offices
It includes an office or floor spaces that are available in the shell and core state. Some of the premier clients in these commercial spaces are City and Guilds, Hays, Monitor Group, etc.
2. Business Centre
Be it hot desks or fully furnished offices, which are ready to use, Dubai Knowledge Park has it all.
3. Retail
These spaces are perfectly suitable for companies that offer support services like pharmacy, restaurants, vending machines, newsagents, etc. Some of the current retail partners are KFC, Starbucks, Photocopy Centres, Pharmacy, and others.
4. Kiosks
These are the small retail outlets that can be used as coffee bars etc.
Dubai Knowledge Village Company Formation Process
The major steps involved in the formation of a company in Dubai Knowledge Village are as follows:
1. Submission of application
2. Submission of documents and the necessary payment
3. Signature and Collection
Documentation requirements for Dubai Knowledge Park Company Registration
The documents required for approval are:
1. License Application
2. Registration Application
3. Business Plan of the proposed company
4. A copy of the Certificate of Incorporation
5. Valid passport and visa copies of managers and directors of the proposed company and the legal representatives (if any)
Individual Shareholder requires the following documents for company formation at Dubai Knowledge Park:
Application for Registration
Personal KYC
Board Resolution concerning the establishment of the company
Bank letter providing confirmation of the deposit of the share capital
Corporate Shareholder requires the following documents for company formation at DKP:
Application for Registration
Corporate KYC duly attested from the UAE Embassy
Board Resolution as to the establishment of the entity
Parent company documents such as Certificate of Incorporation, Memorandum of Association, and Articles of Association
Other documentation such as application forms and specimen signatures
Branch office requires the following documents for company formation at Dubai Knowledge Park:
Application for registration
A Board Resolution as to the establishment of a branch
Corporate Documents of the Parent Company which are Certificate of Incorporation, Memorandum of Association, and Articles of Association
Business Plan
A Letter from the parent company for the appointment of Manager
Company profile
There are other documents that are required to be signed to complete the formation process of a company. These documents are Office Lease, Articles of Association, Memorandum of Association, License, and Certificate of Incorporation.
Some of the featured partners in the Dubai Knowledge Park are CIPD, Innovative HR Solutions, City and Guilds (MESA), International Centre for Culinary Arts, Society for Human Resource Management, and many more.
Frequently Asked Questions
Dubai Knowledge Park (DKP) Business Setup
Yes, there is access to Double Taxation Treaties.
Yes, it is allowed.
Some of the prominent companies in the free zone are the Institute of Chartered Accountants of India and the Institute of Management Accountants.
Yes, accommodation facilities are available in close proximity.
No, it is not available.
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