Dubai Knowledge Village (DKV) Free Zone

Business setup in Dubai offers multiple benefits, such as tax savings, incentives, and opportunities. These facts lead investors and entrepreneurs like you from all over the world to set up their operations in Dubai. 

The Emirate offers many free zones that cater to certain specific needs. One such freezone is Dubai Knowledge Village (DKV).

Dubai Knowledge Village (DKV) Free Zone

Dubai Knowledge Village (DKV) Free Zone, also known as Dubai Knowledge Park (DKP), is the only freezone in Dubai that caters to human resource management, professional learning and educational intelligence. The freezone aims to develop the talent pool in the region and make the UAE a knowledge-based economy.

Business Setup Procedure in Dubai Knowledge Village

For a smooth business set-up process in the Dubai Knowledge Village free zone, you need to follow all the mentioned steps: 

• Initial Approvals

Register your trade name with the officials and get primary approval from the Dubai Technology and Media Free Zone Authority.

• Documentation

Fill out the application form and submit all legal documents for company registration.

• Fee Payment

Once the authority of Dubai Technology and Media Free Zone reviews your application and the documents, you need to sign and return the customer confirmation letter and pay the requisite fees.

• Sign MOA and AOA

Once the fee is paid, you must sign the Memorandum of Association (MOA) and Articles of Association (MOA). 

• Deposit Share Capital

You need to deposit the required amount of share capital to the relevant authorities.

• Registration of Company

Once everything is reviewed, you will be offered the Certificate of Incorporation. 

• Sign the agreement 

With the company being registered, you need to sign the lease and personnel sponsorship agreement.

• Open a Corporate Bank Account

To continue with business setup in Dubai Knowledge Village, you need to open a corporate bank account in the company’s name, deposit the share capital, and collect proof of letter. 

Types of Companies in Dubai Knowledge Village Free Zone

There are three types of business entities which can be formed in Dubai Knowledge Park Company:

Activities Permitted in Dubai Knowledge Park

The free zone permits versatile activities and includes:

• Fine arts training
• Tutoring services
• Computer training
• Language training
• Content development
• Assessment and training
• Freelancing and association
• Human resource consultancy
• Child skills development training
• Technical and occupational skills
• Professional and management development training

Documents Required to Set Up a Business in DKV 

The list of documents which need to be submitted to the authorities are mentioned below:

• Board Resolution
• Proof of share capital
• Details of the shareholder(s)
• Registration fee and licence fee
• Company registration application
• Agreement for personnel secondment
• Original Memorandum and Articles of Association (MAA)
• No-Objection Certificate (NOC) from residency visa sponsor
• Certificate of Authorization for the Gulf Standardization Organization (GSO)
• Passport copy and specimen signature of the manager and the director(s)

End Note

We at Commitbiz serve you by fulfilling all your business setup requirements. Our expertise in company formation at Dubai Knowledge Park can help you with a complete solution for opening a company. Our advisors have years of experience in this field and can make the process hassle-free. Contact us today- we’d be happy to assist you.