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Dubai Knowledge Village (DKV) Free Zone Company

Dubai Knowledge Village (DKV) Free Zone Company Formation

Introduction – Free Zone Focus

Dubai Knowledge Village (DKV) was created in 2003 and is part of TECOM Investments Education Cluster, located in the centre of Dubai, in Dubai Technology & Media Free Zone.

DKV is the only free zone in the world which is dedicated to human resources management and learning.  It offers world-class programmes in Human Resources Management and Development.

DKV’s aim is to develop the region’s human resources so that the United Arab Emirates becomes a centre of excellence and professional development in a knowledge-based economy.

DKV has more than 500 companies which are HR agencies, training and development centres and institutes.

To see  DKV’s Interactive Presentation, Corporate Video, Brochure, Google Map and useful Application Forms follow this link

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 Competitive Advantages: Why Dubai Knowledge Village?

  • 100% foreign ownership
  • 100% personal and corporate tax free for 50 years
  • 100% repatriation of profits and capital
  • Zero customs duty for goods and services
  • Infrastructure and services which enable successful and profitable operations
  • Ideal business environment for clients
  • Cluster working environment which enables interaction and cooperation
  • Well known global, regional and local industry players
  • Suppliers and providers throughout the value chain in one location
  • State-of-the-art technology and advanced processes
  • One-stop shop providing governmental services – easy access to government and regulatory authorities
  • Easy, hassle-free registration of companies
  • 24/7 visa service
  • Simple legal framework and company laws
  • Access to Knowledge Workers because of fast-track immigration process

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Dubai Knowledge Village Free Zone Contact Details

P.O. Box 73000
Dubai, United Arab Emirates

DKV is on Al Sufouh Road.
(Easy access from Sheikh Zayed Road, Al Soufoh Road, Al Khail, Mohammed Bin Zayed and Emirate Roads – old Dubai Bypass Road)

Tel: +971 4 390 1111
Fax: +971 4 390 1110
E-Mail: info@kv.ae
Web: www.kv.ae

Key People

Dr. Ayoub Kazim, Managing Director
Education Cluster,TECOM Investments

Ibrahim Moosa Jamel, Director of Operations
Education Cluster, TECOM Investments

Leigh Ann Jones-Khosla, Director of Business Development
Education Cluster, TECOM Investments

Michael Trivett, Director of Partner Relations
Education Cluster, TECOM Investments 

Brendan Vyner, Brand Manager
Education Cluster, TECOM Investments

Dubai Knowledge Village Free Zone Company Registration Process

Dubai Technology and Media Free Zone Authority DTMFZ approves the setting up and registration of DKV’s companies

Six steps to incorporate a FZ-LLC where the corporate person or the entity is the shareholder:

Note: to incorporate a FZ-LLC where (1) the natural person/individual and corporate person/entity are shareholders or (2) an FZ-LLC where the natural person/individual is a shareholder or (3) to incorporate a Branch or (4) for Freelancers, please visit the DKV website for more information.

Steps and Documents Required Client Actions
DKV / DTMFZ Actions

Step 1:

Submit application for approval

Documents Required:

Company registration application

Application for license

Business plan

Colour copy of passport for manager / director(s) / legal representative

Contact DKV and submit application for approval

Evaluation of application

Inform the client of external regulatory body approvals required

Timing: 5 working days

Step 2:

Submit legal documents for registration of company

Documents Required:

Company registration application

Details of shareholder(s)

Original Memorandum and Articles of Association

Board Resolution

Passport copy of manager

NOC from residency visa sponsor

Manager’s specimen signature

Passport copy of director(s)

Director(s)’s specimen signature

Proof of Share Capital

Registration fee and license fee

Memorandum of Association of FZ-LLC

Agreement for personnel secondment

Certificate of Authorization for GSO

Submit the legal documents for registration of the company to DKV

Issue the Customer Confirmation Letter and check that all legal documents have been received

Timing: 2 working days

Step 3:

Sign and return Customer Confirmation Letter and make payment

Sign and return the Customer Confirmation Letter and make payments (registration and license fee and first lease installment) to DKV

Review the legal documents and prepare AOA and MOA and Bank Introduction Letter

Timing: 2 working days

Step 4:

Sign Articles & Memorandum of Association

Go to DKV to sign AOA and MOA and collect bank introduction letter and resolution

Step 5:

Deposit of share capital

Open a bank account in the name of the company, deposit share capital and take proof of capital letter to DKV

Prepare License and Lease

Timing: 3 working days

Step 6:

Sign lease and personnel sponsorship agreement

Visit TECOM Leasing Department to sign the lease, personnel sponsorship agreement and collect the license

Dubai Knowledge Village Free Zone Services

DKV provides the following services to its clients:

  • Company registration
  • Issuing of commercial licenses and freelance permits
  • Issuing of visas
  • Management of DKV campus
  • Fit-Out Process
  • Partner Development Management Team (PDM Team)
  • Partner Relationship Management Team (PRM)
  • Advertising and Venue Management Services (AVMS)
  • Car parking system

Company Registration

The registration and setup of companies in DKV is approved and regulated by Dubai Technology & Media Free Zone Authority.

Types of Companies

Free Zone LLC (FZ-LLC)

  • Legal entity with shareholders as individual persons and / or entities
  • At least one director
  • Minimum capital requirement AED 50,000

Branch

  • Branch of an overseas or local company – not a separate legal entity from its parent company
  • A branch has the same business activities as the parent company
  • No minimum capital requirements

Freelancer

A Freelance Permit is issued to an individual with business activities which are under his/her name and not under a name of a company or brand.

Issuing of Commercial Licenses and Freelance Permits

Dubai Technology and Media Free Zone Authority’s Registration and Licensing Department issues commercial licenses and permits for the types of companies described above.

Commercial Licenses and Freelance Permits:

  • Business activities must be in compliance with the licensing regulations issued by DTMFZA
  • DTMFZA must approve the business activity
  • The client must lease a facility of DTMFZA
  • The license covers the operation of a business only within the free zone
  • Licenses are for a period of one year and are renewable annually (penalty or termination for delay in license renewals)
  • One segment and one business activity per license, except for HR consultancy in which case one segment and three business activities are permitted

Amendments to Licenses

The following amendments to licenses can be requested by DKV’s clients:

  • Change of company name
  • Change of business activity within the segment
  • Additional business activity within the segment
  • Change of company address
  • Change of director
  • Change of manager

Transfer of Shares

A FZ-LLC company incorporated at DKV can change its share structure as follows:

  • Increase of share capital with new shares to existing or new shareholders
  • Transfer of shares to new or existing shareholders
  • Decrease of share capital

Other Changes to Licenses

  • Change from Branch of an overseas company to a FZ-LLC
  • Merge or amalgamation of two or more companies inside the free zone
  • De-registration and cancellation of licenses

DKV’s Business Sectors

Companies from the below business sectors are welcome to apply for registration at DKV:

  • Human resources development
  • Executive search
  • Assessment and testing
  • Research & development
  • Human resources consultancy
  • Content development centres
  • Linguistics
  • Academic service provider
  • Knowledge village freelancers
  • Professional associations (non-profit organisations)

General Sectors

  • Providers of legal, auditing, accounting services
  • Providers of property management services
  • Providers of travel, insurance and courier services
  • Regional headquarters – representative offices, call centres, marketing offices
  • Hotels, apartments and leisure facilities

Regulation

DKV is regulated by the Dubai, Technology & Media Free Zone Authority (DTMFZA) whose clear regulations, which comply with global standards, enable the companies within the free zone to operate correctly.

Issuing of Visas

Visas are issued by the Government Services Operations (GSO) department of TECOM. GSO also offers many other services such as immigrations services, postal and traffic services with its one-stop shop.

Management of DKV Campus

DKV Facilities Management Team manages the facilities and the day-to-day running of the DKV campus.  It maintains the safety, security and level of customer satisfaction while ensuring that the campus infrastructure (buildings, mechanical/electrical systems etc) operate properly.

Fit-Out Process

DKV provides a “Fit-out Process” through TECOM’s Engineering Management Department which provides the services of a one-stop shop, handling the processes and approvals required in setting up an office.

Partner Development Management Team (PDM Team)

The Partner Development Management Team supports DKV’s business partners by providing them with platforms for the sharing of knowledge and best practices. PDM organises workshops and provides research and publications to professionals working in the UAE.

Partner Relationship Management Team (PRM)

The PRM Team supports DKV’s clients by initiating and managing the feedback from customers to ensure customer satisfaction as well as providing other services such as monitoring customer feedback, carrying out customer satisfaction surveys and organising client events.

Advertising and Venue Management Services (AVMS)

TECOM provides Advertising and Venue Management Services.   Indoor and outdoor venues are available as well as a broad range of other indoor and outdoor advertising facilities.

Car Parking System

A system for the management of car parking for reserved parking and road metered car parking is administered by The Dubai Road and Transport Authority (RTA) to deal with the high demand for car parking spaces in DKV.

Dubai Knowledge Village Free Zone Products

  • DKV campus
  • DKV business centres
  • Commercial space
  • Retail Space and kiosks

DKV Campus

  • Central Dubai location – adjacent to Dubai Media City and Dubai Internet City
  • Modern facilities
  • Fully equipped, modern conferencing facilities
  • Auditorium with 330 seats
  • Wireless internet service
  • Food court with well-known restaurants and fast food chains
  • 24/7 convenience shop
  • ATM and vending machines
  • 24/7 security
  • Car parking

DKV Business Centres

DKV Business Centres provide various products and services to fully meet clients’ business needs:

  • Executive Suite – Fully furnished, includes an executive office area, reception area and conference room
  • Executive Office – Furnished offices in sizes from 100 to 250 sq ft
  • Open Office – Furnished, partly partitioned offices in a shared office environment
  • Hot Desk – For more than one client, ideal for freelancers or start-ups wishing to test the market. Eligible for one visa per client

Commercial Space

  • Open spaces and floor spaces with mainly core and shell
  • Furniture, fittings and equipment based on the client’s needs
  • Provisions for telephone, IT services, electricity and internet

Retail Space and Kiosks

Retail space is available for companies providing support services, for example, restaurants, pharmacies, photocopy centres, money exchange etc. Kiosks are smaller retail spaces which can be used as newsagents or coffee shops etc.

Dubai Knowledge Village Free Zone Business Partners

DKV has over 450 business partners in the fields of R&D, Training, HR, consulting some of which are:

  • SHL Dubai
  • City & Guilds
  • Monitor Group
  • Palladium Group
  • Hays
  • SunGard
  • Gallup
  • Towers Watson

Information to download:

DKV Corporate Video

Dubai Knowledge Village (DKV) Free Zone Map

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