Company Formation in Dubai Knowledge Park (DKP) Freezone

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 of Company Formation 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 of Company Formation in Dubai Knowledge Park

The benefits of business setup services in Dubai Knowledge Park:

• 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

• 1. Vocational training setup
• 2. Educational institutes
• 3. Human resource consultancies
• 4. Management start-ups
• 5. Freelancers

NR Doshi & Partners has a specialization in different areas of Business Setup in Dubai. These services can be rendered in all the different formation areas such as Offshore company formation in Dubai, Mainland company formation in Dubai, Freezone Company formation in UAE, and also in LLC Company Formation in Dubai.

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 pharmacies, 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. 

The major steps involved in the Business setup services in Dubai Knowledge Village are as follows: 

• Submission of Application
• Submission of Documents and the Necessary Payment
• Signature and Collection

The Documents Required for Approval are:

• License Application.
• Registration Application.
• Business Plan of the proposed company.
• A copy of the Certificate of Incorporation.
• A 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 Dubai Knowledge Park:

• 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.

The 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 a 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. 

Contact Us for Dubai Knowledge Park Business Set up