info@farahatco.net    97142500251

Business Setup In Dubai Knowledge Village (DKV)

Business Formation in Dubai Knowledge Park (DKP)

Dubai Knowledge Park (DKP), commonly referred to as Dubai Knowledge Village, was established in 2003. It is a TECOM free zone, being under the TECOM group. Businessmen who are looking to establish a human resource management or an institution find that a business setup in Dubai Knowledge Village is beneficial to them since this is the only free zone in the world that is designed and made to cater for those kinds of activity. It was founded to hone the talents in the country and have the nation progressed as a knowledge-based economy.

The DKP is a unique business hub as the Dubai freezone companies there are open to offer programmes in Human Resource Management (HRM) and others. It is indeed an education free zone because students who finish the program will obtain diplomas and certificates. The latter is of the highest caliber from the excellent business partners of DKP.

Show more

Request A Proposal

Make An Enquiry

  • Following industries you can setup in DKP

    We covers all the following industries, even if your industry not in list you can consult with us we can help you setup.

  • Benefits of Business Setup in Dubai Knowledge Park (DKP)

    Business setup is a known venture that is taken by business owners around the world. Investors who open a company in Dubai free zones are the ones who find the UAE to be a good investment for them.

    Dubai free zone company registration in this location happens because there is an increasing number of businessmen who have looking for the exact free zone that they’ve been looking for. In turn, it’s been a good support to the economy of the UAE

    One of the benefits of this location is the Dubai freezone company setup cost. Another Dubai free zone benefits that it offers are as follows:

    • 100% foreign ownership
    • Zero tax
    • Minimum capital requirement limited restrictions
    • No currency restrictions
    • No restriction on foreign talent or employees
    • Onsite customs
  • Business Setup Requirements & Procedure

    Requirements for Dubai Knowledge Park TECOM Registration and Licensing

    • Proof of tradename reservation (our firm’s task)
    • Proof of initial approval for the activities (our firm’s task)
    • Passport copies of the shareholders
    • Passport copy and CV (resume) of the manager
    • Personal information sheet of each shareholder and manager (template will be forwarded by our firm)
    • Lease agreement (documents)—having a physical address for your business/office is mandatory in the UAE. The rent in average within the free zone area is USD 25 up to USD 45 per sq. ft. (USD 225 up to USD 400 per sq. m.). Our firm can assist you while searching for your physical address. You can learn more about leasing and rental cost here. (This item will be required only after we obtain the initial approval from the authority.)
    • Notarized and attested Power of Attorney appointing our firm as your legal representative, so that we can act on your behalf and/or on behalf of the shareholders (template will be forwarded by our firm).
    • There are some activities which might require third-party/authority pre-approval—accordingly, additional cost and professional fees might be applicable.
    • Also during the process, the authorities might require a few other documents.

    Additional Documents Required for a Corporate Shareholder

    • Attested and notarized Memorandum of Association/Article of Association—it must be attested from the UAE Embassy at the place of origin
    • Board resolution must be resolute by the board of directors of your existing company/entity at the place of origin expressing the intent of establishing a new setup abroad. It must be attested and notarized by the UAE Embassy (template will be forwarded by our firm).
    • Certificate of registration (if applicable) of your existing company/entity, license, or certificate of incorporation must be attested and notarized by the UAE Embassy

    After that your application is approved the authority will issue an initial approval for your business, and after that you will :

    1. Choose a ready fitted office space from (DKV) selection that’s the most appropriate size and layout for your business requirements.
    2. OR decide whether you’ll require (DKV) regulated contractors for fit-out service for your office, or if you’ll be doing that independently.

    Then, once the office is finalized:

    1. Lease agreement will be prepared
    2. Office keys can be collected.

    After that, we will start the preparation of the legal documents and summation

    When all the above is complete, your business license will then be issued along with the share capital certificate if the capital paid in full

    The procedure of processing your company formation in Dubai Airport Free Zone will range from 2 to 4 weeks.

  • Support Services Offered in DKP

    FAR Consulting Middle East is one of the leading consulting companies in Dubai that deal with corporate business services Dubai. We assist people who have questions on how to open a business in Dubai.

    We can provide the following services when you let us handle your affairs when it comes to company setup in Dubai:

    • Applying and following up on behalf of the client until the collection of the Certificate of Business Registration (Trade License)
    • Representing the client in front of the authorities
    • Assisting the client in bank account opening
    • Assisting the client in account opening with the Ministry of Labour
    • Assisting the client in account opening with the UAE immigration
    • Assisting the client in leasing a premise as an address for the business
  • Business Setup Cost in DKP

    The consultants of Farahat & Co can help in setting up businesses in the Dubai Knowledge Park for various business activities especially for educational institutions. The below fee table represents the estimated cost for business setup in DKP. Contact us for more information on company formation in UAE.

    Cost for Business setup in Dubai Knowledge Park (DKP)

    Business Registration and Licensing Cost Fees
    Registration Fee AED 3,500.00
    Knowledge Fee & Innovation Fee AED 20.00
    Cost by Trade Licence Type (Select one of the following)
    Professional License Fee (Starting from) AED 15,000.00
    Freelance Permit AED 7,500.00
    Association (NPO) (allotted with 1 activity only) AED 7,500.00
    Local Branch Company Registration (Starting from) AED 15,000.00
    Foreign Branch Company Registration (Starting from) AED 15,000.00
    Additional Fees for Business Registration
    Establishment Online Application (Starting from) AED 1,980.00
    Fee for Any Additional Activity (if applicable) AED 10,000.00
    Chamber of Commerce Fees AED 2,200.00
    Visa Processing Cost
    Bank Guarantee / Employee Visa deposit AED 2,500.00
    Employment/Residence Visa (Select one of the following)
    Employment / Residence Visa – In Country (Starting from) AED 4,140.00
    Employment / Residence Visa – Out of the Country (Starts from) AED 2,720.00
    Postal Services Cost
    Empost Representative Card AED 300.00
    P.O.BOX Services Fee (Select one of the following)
    PO Box Light (Starting from) AED 1,170.00
    PO Box Standard (Starting from) AED 2,020.00
    Ezimail Bronze (Starting from) AED 3,770.00
    Ezimail Silver (Starting from) AED 6,270.00
    Ezimail Gold AED 12,270.00

    ATTENTION – NOTE

    All fees for government and related authorities are an estimation only, as of on 19th September, 2019. The exact government fees will be determined at the time of submission of the applications. We are obligated to provide our clients with all receipts of government and related agencies against the amount that will be paid. Every amount that will expense for your business registration will be supported by documents. In case of shortage, the client has to repay us. In case of excess, we have to refund the client.

    Our professional fee covers consultation, drafting of legal documents, introducing reliable local citizen service-agent when required, assisting in document notarization from the local notary public, assisting in local bank account opening, and applying to the concerned authorities on your behalf.