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Dubai Knowledge Village

Dubai Knowledge Village

The Dubai Knowledge Village (DKV) free trade economic trade zone was founded at the beginning of 2003 by the initiative of the Government of the Emirate Dubai and is the part of a large-scale project TECOM Investments. The main purpose of the specialized free trade economic zone is to provide high international standards in the field of recruitment and educational services, and also a consolidation of the leading international companies and professionals which are involved in this field. Today the dozens of largest higher education institutions and hundreds of specialized schools carry out their educational activities on the territory of the Dubai Knowledge Village FTZ.

 

 

The Dubai Knowledge Village FTZ specialized economic zone is the perfect base for creating the effective business solutions in the following areas:

  • Establishing of educational institutions of various kinds;
  • Searching and involvement of highly qualified and talented employees;
  • Improvement of the human resources of the company;
  • Educational and developmental centers;
  • Testing, social researches and assessment;
  • Authoring and scientific research activities;
  • Linguistics and consulting services;
  • Creation of the international professional associations;
  • Freelance.

Services for investors and businessmen

Speaking about the possibilities for business of the Dubai Knowledge Village FTZ, first of all, the excellent infrastructure, which meets the international standards in the area of education. There are classrooms, which are equipped with modern technologies, both for one-to-one lessons and for the group lessons. There are modern conference halls and residential premises, campuses, food courts and fast food stands, round-the-clock security and parking areas.

This city district has the entire necessary social infrastructure, including shops, restaurants and cafés, entertainment facilities and beauty salons, relaxation rooms and many other facilities.

Potential investors are offered the following tools:

  • Leasing of office premises which are fully equipped and ready for operation;
  • Modern business centers for business meetings and corporate events of different levels;
  • Organization of business ideas in the area of social infrastructure (pharmacy networks, vending machines, newsstands, etc.);
  • Networking and service;
  • Opening catering facilities (food courts, restaurants, cafés) on the territory of Dubai Knowledge Village.

Clients and business partners of the DKV FTZ can always count on the support in matters of business registration, obtaining a state business license, visas and etc.

Dubai Knowledge Village: business licensing and types of activities

There are two types of business licenses for carrying out a legal economic activity, respectively:

  • State license for freelance;
  • State commercial license.

The State business license is valid for one year and may be renewed annually. The licenses have territorial restrictions, and allow to carry out the economic activities only on the territory of the Dubai Knowledge Village free trade economic zone.

These business licenses give entrepreneurs and investors the right to carry out the following types of business activities:

  • Common types of services, including freelance, recruitment, hotel and entertainment business, property management, advisory activities, etc.;
  • Provision of professional services in the field of education.

Dubai Knowledge Village FTZ: company registration, forms and advantages

The norms of the corporate law of the DKV economic zone allow the registration of the following legal forms:

  • Free Zone Limited Liability Company: a company with limited shareholders liability, which can be physical entities and companies. The company is not allowed to carry on the economic activity outside the economic zone. The amount of the minimal share capital of the company is 50 thousand Dirhams and may be higher depending on the license;
  • Representative offices of operating foreign or local companies: there are no requirements to the share capital.

The registration of the company in the UAE Dubai Knowledge Village free trade economic zone, offers for companies the following competitive advantages:

  • No need to involve the local sponsor for the registration of a company, the 100% foreign involvement is allowed;
  • The company is exempt in full from the payment of all kinds of corporate tax, including income taxes and social benefits for employees;
  • No customs duties and taxes.

The procedure of registering of a new company or incorporating of a branch of the operating one is simple and has minimum requirements. The annual license renewal requires the payment of the fixed fee, the amount of which is also relatively low. The payment of registration fees and other expenses is very low comparing with all the advantages and opportunities for business in the UAE.

If you still have questions as to the features of the Dubai Knowledge Village jurisdiction, please contact our specialists and get all the necessary information.