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Dubai Knowledge Park, Dubai Knowledge Park Business Setup | DKP Company Formation

Dubai Knowledge Park Business Setup | DKP Company Formation


Dubai Knowledge Park, Dubai Knowledge Park Business Setup | DKP Company Formation

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:

1. Free Zone Limited Liability Company 

It is a wholly-owned company or an independent legal entity where at least one director is required. 

2. Branch office of a UAE Company 

It does not get a separate legal entity and conducts operations of the parent company’s business. 

3. Branch office of a Foreign Company 

With no minimum share capital prerequisites, it is 51% locally owned. 

4. Freelance Permit  

This gives an individual the liberty to operate as a freelance professional.  


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: 

Dubai Knowledge Park, Dubai Knowledge Park Business Setup | DKP Company Formation
  1. Vocational training setup
  2. Educational institutes
  3. Human resource consultancies
  4. Management start-ups
  5. Freelancers

Permitted business activities 

Dubai Knowledge Park, Dubai Knowledge Park Business Setup | DKP Company Formation

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 

Steps involved in business setup at Dubai Knowledge Park


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 

DKP Business Setup Document Requirements


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 

Other documentation such as application forms and specimen signatures 

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


Is there access to UAE Double Taxation Treaties in DKP? 

Yes, there is access to Double Taxation Treaties. 

Does Dubai Knowledge Park allow the import and export of goods? 

Yes, it is allowed. 

What are some of the prominent companies at Dubai Knowledge Park? 

Some of the prominent companies in the free zone are the Institute of Chartered Accountants of India and the Institute of Management Accountants. 

Are accommodation facilities available in Dubai Knowledge Village (DKV)? 

Yes, accommodation facilities are available in close proximity. 

Is a warehousing facility available at DKP? 

No, it is not available. 


Dubai Knowledge Park, Dubai Knowledge Park Business Setup | DKP Company Formation
Dubai Knowledge Park Business Setup

N R Doshi & Partners


We are a leading firm in Dubai, looking out for our clients at every step of their business setup. We provide complete assistance at affordable prices. We guide our clients through the company formation process and help in the preparation and submission of all documents. We help you get the license and are there until the setup is complete. 

A clientele base of 2,500+ and a partnership with 11+ companies is a testimony to the fact that we are great in what we do. We ensure our client’s satisfaction and therefore are able to maintain a dominant presence in UAE for company formation services.



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