Dubai Knowledge Park (DKP) is a free zone devoted to the improvement of the country’s knowledge-based economy and human resources development and management.
Another name for it is “Dubai Knowledge Village.” Dubai Knowledge Park was established in 2003 as a division of TECOM. Among the programs offered here are consulting, human resource management, training, and personal development.
The only free zone in the world devoted to learning and human resource management is Dubai Knowledge Park. To expand the talent pool in the area and convert the UAE into a knowledge-based economy, it was established as a division of TECOM Investments.
Dubai DKP is located on a picturesque campus that stretches one kilometre through the heart of Dubai. Offering the best in HRM, consulting, training, and personal development programmes, DKP is a special place. The competition for human capital is becoming more intense, which is a factor that influences the zone’s performance and is influenced by Dubai’s economic objectives.
Many of DKP’s business partners have set up training centres, institutes, and HR departments to hold onto their market share in this emerging sector. Government and regulatory agency partnerships also assist DKP partners in setting up their businesses at Dubai Knowledge Park.
Types of Company Corporation in Dubai Knowledge Park
Free Zone Limited Liability Company
A limited-liability business that complies with the rules and regulations of the Free Zone in which it is situated is known as a FZE or FZC. Any UAE Free Zone may be used to establish a Free Zone Establishment (FZE), which is a limited liability company with a single shareholder. This is a distinct legal entity with at least one director or a wholly-owned corporation.
Branch Office of a UAE Company
It is not regarded as a separate legal entity and performs the business operations of the parent company. A branch business is not housed in the same city as the main office. The branch is not a separate legal entity as a result. It is a division of a parent company that operates under the same name. The major corporation is in charge of it. A branch company usually has a branch manager who reports to and takes orders from a member of the management team of the main company.
Freelance Permit
You are authorised to work as an independent contractor in Dubai by the TECOM Group, and this authorisation is renewed annually. For someone on a parent’s or spouse’s visa who only needs a licence to work as a freelancer, the freelancer permit is great. They offer reasonably priced co-working spaces with all the amenities needed for independent contractors.
Documents Required to Set Up Business in Dubai Knowledge Park
Here are the documents required to set up business in Dubai Knowledge Park –
- Company registration application
- Board Resolution
- Original Memorandum of Association and Article of Association
- Registration and licence fee
- NOC (No Objection Certificate) from residency visa sponsor
- Personal KYC
- A bank letter confirming the deposit of the share capital
- A copy of the certification of incorporation
- Business plan as proposed by the company
The documents required depend on the type of company formation. For more details contact AIMS UAE. We will be glad to help you with all your queries.
Why Choose AIMS UAE for Business Set Up in Dubai Knowledge Park?
AIMS UAE is the leading business consultant in the UAE with specialisation in different areas of business set up services in the UAE. From mainland company formation to Free Zone company formation – we take care of everything, while you can focus on expanding your business and networking. We offer expert guidance on everything – from market knowledge to making you understand the legal framework of the country.
We are the best in the East, so reach out to us if you have any questions or want to set up your business in the region smoothly.
Frequently Asked Question
Yes, DKP provides support services for startups and entrepreneurs, including access to funding opportunities, mentorship programs, business development workshops, and networking events.
Business licenses in DKP are typically renewed annually. Renewal procedures involve submitting updated documents, paying renewal fees, and complying with any regulatory requirements imposed by the authorities. It's essential to initiate the renewal process before the license expiration date to avoid any disruptions in business operations.
The costs vary depending on factors such as business type, office space requirements, and visa needs. Expenses may include license fees, office rent, visa processing fees, and other miscellaneous charges.
Contact us now for a smooth business set-up procedure.
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