The Dubai Knowledge Village was launched in 2003 as a part of the Technology, Electronic Commerce and Media (TECOM) Group. There are many businesses and learning institutions operational within DKV. These include universities, IT training institutes, professional centres, HR consultancy companies, testing providers and professional assessments.
Dubai Knowledge Village (DKV) is a Free Zone in Dubai that provides excellence in education, management of human resources and specialised learning. DKV offers amenities for educational organisations and corporate training institutions to operate with complete foreign ownership.
Establishments based in Dubai Knowledge Village are licensed and registered under Dubai Creative Clusters Authority (DCCA).
Types of Companies that can be formed in Dubai Knowledge Village
Free Zone Limited Liability Company (FZ-LLC)
A Free Zone LLC is established as a separate legal entity, with shareholders as individuals and Corporates.
The minimum capital requirement for Free Zone incorporation is AED 50,000, depending on the business activity.
The permit provides the ability to function as a freelance professional and identifies the individual as a sole practitioner. The business name can be conducted on the individual’s birth name.
Branch of a Company
Branch of a UAE or foreign company is not a legal entity separate from its parent. It manages the operations inherent in the business of the parent. There is no share capital requirement for a branch company.
Benefits of forming a Dubai Knowledge Village Business Setup
- Full foreign ownership
- No income taxes
- Complete repatriation of profits and capital
- No Corporate tax (up to 50 years – renewable)
- No Personal tax
- Easy, hassle-free incorporation process
- Advanced technology
- Company laws and legal framework is easy to understand