Your Ultimate Free Zone Guide: Dubai Knowledge Village (DKV) Free Zone

Dubai Knowledge Village is the only free zone in the world which is solely dedicated to human resource management, professional development, and educational intelligence. It was formed in the year 2003 by TECOM group. By establishing this free zone, the UAE aims to become a knowledge-based economy and expand its talent pool in the region. With more than 450 company partners, this freezone becomes a center of excellence for business development. Dubai Knowledge Village Free Zone is located at an area of about 1 kilometer in the heart of Dubai.

Benefits of Setting up your Company in Dubai Knowledge Village (DKV) Free Zone

• 100% foreign ownership.
• 100% repatriation of capital and profits.
• No customs duty for goods and services.
• Supportive operational process.
• Investors can easily open bank accounts.
• Physical presence not mandatory in the UAE to set up a company (presenting a POA is enough).
• Full confidentiality.
• Eligibility to apply UAE residency visas.
• A tax-free stay for a period of about 50 years.
• No restrictions on the number of shareholders and subject to the approval of the authority.
• External approvals are not there & subject to standard prices by the concerned authorities.
• World- Class infrastructure and support services.
• First-rated lifestyle and easy access to coffee shops, supermarkets and other retail shops.
• Ultra-modern Conference halls and meeting rooms.

Types of Business Entities in Knowledge Village Free Zone

There are three types of companies in Knowledge Village Free Zone.

1. Free Zone Limited Liability Company (FZ-LLC): Incorporated as a separate legal entity with individual shareholders or corporate entities.
2. Branch of a Foreign Company: A branch is an overseas company that is legally obliged to its parent company.
3. Freelancer: A freelancer can offer products or services under one’s name.

Dubai Knowledge Village (DKV) Free Zone Business Setup Process

In order to set up a business at Dubai Knowledge Village Free Zone, follow these below-mentioned steps:

Obtaining Initial Approval

Register your trade name and take approval from the Dubai Technology and Media Free Zone Authority. A duly-filled application form along with the relevant documents need to be submitted for company registration.

Fee Payment

Dubai Technology and Media Free Zone Authority will review the documents and the application form. After this, sign and return the customer confirmation letter and make the payment.

Signing of MOA and AOA

Signing of Memorandum of Association (MOA) and Articles of Association (MOA).

Share Capital

Deposit the required amount of share capital.

Company Registration

After reviewing everything, you will be provided the Certificate of Incorporation.

Opening a Corporate Bank Account

Once all the above steps are completed, you can open a bank account in the company’s name, deposit a share capital, and take proof of capital letter to the Dubai Knowledge Village.

Collect the License

Finally, visit the TECOM Leasing Department to sign the lease and personnel sponsorship agreement and obtain the license.

Document Requirements for Business Setup in Dubai Knowledge Village

• Application for company registration.
• Original company incorporation certificate.
• Details of shareholder(s).
• Proof of share capital from the bank or trust.
• No Objection Certificate for managers from UAE sponsor.
• Copy of passport and specimen signature of shareholder and manager.
• Certificate of Authorization for GSO.
• Board resolution for company formation.
• Memorandum and Articles of Association of the parent company (in case of a branch office).

If you require any assistance regarding company incorporation in Dubai Knowledge Village or setting up a branch office, we at CORPIN can assist you. We can make the entire process hassle-free and pleasant for you. Get in touch with us today, we are happy to help you!