Dubai Knowledge Village is linked to Dubai Academic City, both free zones being dedicated to companies offering human resources services, universities offering educational and training services. Moreover, both Dubai free zones were launched by the same investment company: Dubai Knowledge Village was created in 2003, while Academic City was enabled later in 2007. In 2016, Dubai Knowledge Village became Dubai Knowledge Park.
Opening a company in Dubai Knowledge Village Free Zone has many advantages, among which full foreign ownership and tax benefits are among the most appreciated by foreign investors.
If you are interested in starting a company in Dubai Knowledge Park, our company formation agents in Dubai can offer more information on the benefits this free zone offers.
Types of companies to set up in Dubai Knowledge Village
Foreign companies may set up a branch office or free zone limited liability companies in Dubai Knowledge Park, while foreign citizens may establish free zone companies or work as freelancers in this free zone. This is also what differentiates Dubai Knowledge Village from Academic City: the freelancing license which is available only in the former.
Our company registration consultants in Dubai can offer more information on the freelancer permit available in Dubai Knowledge Village.
How to register a company in Dubai Knowledge Park
The free zone company is the most employed type of company which is usually registered in Dubai Knowledge Village because it can be set up by:
- one or more companies;
- a company and a natural person;
- one or more natural persons.
These will act as shareholders in the company.
In order to incorporate the company, one must submit the following documents with Dubai Knowledge Village’s authority:
- an application form;
- a business plan;
- copies after the passports of the shareholders, managers and local agent, if one is appointed.
In the case of foreign companies acting as shareholders, a certificate of incorporation will also be required. The same documents must be supplied when registering a branch office in Dubai Knowledge Park.
For assistance in opening a company in Dubai Knowledge Village Free Zone, please feel free to contact our company incorporation representatives in Dubai.