Dubai knowledge park (DKP) free zone business setup
Pricing for – (DKP) Dubai Knowledge Park Free Zone
About Dubai Knowledge Park (DKP) Free Zone
Dubai Knowledge Park (DKP) is the only free zone in the world that is exclusively dedicated to human resource management and learning excellence.
Established in 2003, DKP aims to develop the region’s talent pool and establish the United Arab Emirates as a knowledge-based economy.
DKP is home to a wide range of businesses, startups, freelancers, NGOs, training institutes, and academic centres.
The prices start from AED 100,000
Average business setup time: 1 month
Benefits of setting up a company in dubai knowledge park (DKP) free zone
100% Business Ownership And Capital Repatriation
- As an expatriate, you have the option to fully own the company and repatriate all profits to your home country.
Fully Serviced
- The DKP Business Centers offer a range of workspaces, from hot desks to complete office environments.
Strategic Location
- DKP benefits from its strategic location, being the destination of international universities.
Freelancer Friendly
- DKP provides HR professionals, including trainers, with quick, affordable, and hassle-free freelancer packages.
Unique Offering
- DKP collaborates with its enterprise partners to offer diplomas and certifications to individuals.
Leasing Options
- DKP offers not only office spaces but also retail units and restaurants.
DKP Business Activities
Dubai Knowledge Park Free Zone caters to a variety of financial and professional services. Here are the most popular options available:
Consultancy
Technical and Occupational skills
Training Institutes
Executive Search
Educational Services, Institutes, and Universities
Assessment and Testing
Research and Development
HR
Freelancing
Management Development
Physical Presence Requirement
You don’t need to be physically present to set up your company.
Dubai Knowledge Park Free Zone: Everything You Need to Know
Are you considering starting a new business in Dubai? If so, you’re on the right track.
If you have a company dedicated to human resource management, training, and learning, you should know about Dubai Knowledge Park. This unique facility is the only one of its kind, bringing together international career advancement companies to help professionals and individuals develop and grow their talents.
Dubai Knowledge Park is an excellent choice for new businesses or small companies. Keep reading to learn more about the park and how to set up a business in the Dubai Knowledge Park Free Zone.
What Is Dubai Knowledge Park?
As a business owner, you understand the significance of training your employees. Quality training from professional development institutions can assist your employees:
- Improve performance
- Increase engagement
- Increase employee retention
- Address internal skills
The Dubai Knowledge Park was established in 2003 with the aim of establishing the UAE as a knowledge-based economy. It is a unique training hub that houses over 3,000 professionals from over 100 nationalities. The park is dedicated to human resource management, personal development, and consultancy, making it an ideal location for individuals seeking to enhance their skills and knowledge.
Dubai Knowledge Park spans over 12 million square meters and is situated in the Dubai Technology and Media Free Zone in the city’s southern region. This zone is also home to several other business parks, including Dubai Internet City and Dubai Media City, which host some of the most prominent universities and companies in ICT and Media.
Dubai Knowledge Park offers training and skills development programs that can cater to the requirements of your business. Their recruiters assist in identifying professionals with the necessary skillset that aligns with your business needs. It’s a complete solution for all your employee development needs.
What Is the Dubai Knowledge Park Free Zone?
If you establish a business in the Dubai Knowledge Park, you will be able to take advantage of the benefits provided by the Dubai Knowledge Park Free Zone. Free zones are designated economic areas where trade takes place with favourable tax and customs rates. The primary aim of these free zones is to attract foreign direct investment into the United Arab Emirates.
Free zones have the power to create their own laws and regulations, which may differ greatly from federal laws. This means that businesses operating within the free zone may enjoy certain benefits such as tax exemptions, repatriation advantages, and ownership benefits.
Repatriation
In a free zone, you have the freedom to repatriate all of your profits and capital. This implies that there are no restrictions on the amount of money you can transfer to your home country. For example, if you are from the United States, you can transfer all of your profits and capital to the US without any limitations.
Ownership
Previously, the law in UAE required any company established outside the free zone to have at least 51% of ownership by UAE nationals. However, in June 2021, amendments were made to the legislation, which now allows individuals or corporations to set up businesses in the UAE mainland without requiring a local partner. Therefore, foreign business owners can now keep complete ownership of their companies, which was once an exclusive benefit.
Taxes
It’s worth noting that when operating within a free zone, you’re entitled to a range of benefits, including exemption from duties and taxes. This includes no personal or corporate tax and no customs duties for goods and services.
However, it’s important to keep in mind that value-added taxes (VAT) still need to be paid, which is currently set at a rate of 5% starting from 2018. Even within a free zone, you must register for VAT if your taxable supplies and imports exceed the minimum threshold of AED 375,000.
Why Is Dubai Knowledge Park Right for You?
If you’re starting a new business, you should consider the tax advantages offered by Dubai Knowledge Park. However, it’s important to note that the benefits of setting up your business here go beyond tax breaks. You’ll also have access to top-notch infrastructure and support services.
Visa Services
You can now mark off your visa application from your to-do list, as you can avail hassle-free visa services.
Dubai Knowledge Park provides you with access to axs, an integrated digital platform that offers visa services, licensing, and other related services. In today’s global environment, it is possible to have employees working in all corners of the world. With Axs, you can focus on the bigger picture without getting bogged down by the details.
Offices
With Dubai Knowledge Park’s state-of-the-art infrastructure and facilities, you can start your business without worrying about resources. They offer a variety of managed, flexible, and strategically located offices that cater to the needs of freelancers, new businesses, and small businesses.
Depending on your preferences, you can choose from a range of cubicles or offices. Dubai Knowledge Park is the perfect place for freelancers and entrepreneurs who want to hit the ground running with all the necessary resources and support.
Community
If you decide to establish your business in the Dubai Knowledge Park, you can be confident that it will be surrounded by reputable brands. You will have the assurance that leading companies have chosen to operate in a similar manner. You will be part of a community that is committed to achieving excellence in human resource management and learning.
What you will receive is a sense of community with convenient access to healthcare facilities, sports facilities, restaurants, and gyms, all within close proximity. You can be assured that regardless of how late you work, you will have everything you need nearby.
Employees
You have access to a team of highly skilled human resources professionals who can help you grow and develop your company at a much faster rate.
What Types of Business Activity Are Permitted in the Dubai Knowledge Park Free Zone?
The Dubai Knowledge Park is unique because it focuses on specific business activities. It is dedicated to employee training and consulting, so only certain permitted activities are allowed. These permitted activities revolve around computer, language, child skills, or fine arts training. Additionally, other permitted activities include:
- Tutoring services
- Human resources consultancy
- Executive search
- Professional and management development training
If your business deals with aspects of human resource management like assessment and testing, research and development, or if you are a freelancer or a not-for-profit association, you can set up your company in the Dubai Knowledge Park Free Zone.
However, it is advisable to work with a business setup consultant who can help you understand the operational rules and ensure that your business activities fall within the permitted activities. This is because the first question on the license application will be about your business activities, and it is essential to be comfortable with your response.
What Type of Companies Can Form in the Dubai Knowledge Park Free Zone?
You can begin your company formation in the Dubai Knowledge Park Free Zone if you meet the permitted activities. Once you meet the requirements, the next step is to decide on the type of company you should form. One of the most common forms to set up in the Dubai Knowledge Park is the Free Zone Limited Liability Company. It is formed as a separate legal entity, and you can have individual or corporate shareholders.
Another option is to set up a branch of a foreign company, which is set up as an overseas office. If you choose this type of company, your branch will be dependent on the parent company. Additionally, you can consider starting up as a freelancer, which allows you to be your own boss. Freelance visas are becoming more accessible and affordable, making this option more attractive for people who want to set up their businesses.
Why Is a Strong Infrastructure Important for Your Business?
Starting a business can be an exciting venture, but it’s important to consider all the costs associated with company formation. This may include spending between USD 10,000 to USD 15,000 on business equipment, as well as allocating 10% of your total budget for office equipment.
Having the right infrastructure to support your company formation can save you a lot of time, money, and effort. Instead of spending countless hours searching for a business location that meets your needs, you can simply reach out to the Dubai Knowledge Park Business Centre to explore your options.x
Dubai Knowledge Park Business Center
At Dubai Knowledge Park Business Centre, you can choose from a variety of office space options.
- Ideal space for freelancers (Hot desk or shared office)
- Single offices in a shared environment, similar to cubicles. Executive offices.
- Executive suites are available, which come with a private reception area, a small meeting room, and an executive office.
If your business needs more space, you can rent unfurnished commercial offices to furnish according to your needs.
Events and Venues
Are you a new business looking to expand your network and build a community around you? Dubai Knowledge Park can help you achieve this by organizing events such as exhibitions, workshops, conferences and networking events.
Additionally, if you’re planning to host your own event, you can access venues that can make your job easier. Whether it’s a concert or a corporate event, you can find the right venue and operational support to ensure your event succeeds.
Collaborating with others can take your business to the next level. Sharing ideas encourages a growth mindset and pushes you out of stagnant group thinking.
Entertainment and Fitness
Are you planning to meet clients or grab lunch outside? You’ll be happy to know that there are many cafes and restaurants nearby that cater to every taste. With traffic and weather, you won’t want to waste time on lunch.
Luckily, you won’t have to. You can easily transition from work to a business lunch to a work meeting because of the proximity of eateries around you. If you have more time to spare, you can explore the nearby Dubai Marina, which offers a wide range of dining options, retail stores, and beaches.
Taking care of your health and that of your employees should be your topmost priority. Dubai Knowledge Park provides yoga studios and fitness centres in close proximity, enabling you to work and maintain your fitness at the same time. It’s well-established that healthier employees are more productive and less likely to take sick leaves.
Moreover, you and your employees can have access to healthcare and wellness facilities such as dental clinics, beauty salons, and childcare nursery centres to cater to your health and family needs.
How do you Setup a Business in the Dubai Knowledge Park Free Zone?
To set up your business in Dubai Knowledge Park, you need to apply for a license by submitting the required paperwork:
- Determine your corporation's legal structure.
- Specify permitted business activities.
- Submit a name application for approval.
- Apply for initial approval of business activities and structure.
- Confirm payment of required fees.
- Sign legal documents, including the Memorandum and Articles of Association.
- Apply for Dubai Knowledge Park residence visas after business registration.
If you’re planning to obtain a license and register your company in Dubai, it can take around 4 to 6 weeks to complete the process. However, instead of dealing with all the paperwork yourself, you can reach out to a business set-up consultant in Dubai. These professionals can help simplify the whole process and make it easy for you. With a hundred different things to worry about, you don’t need to add applying for a license in the Dubai Knowledge Park to your list of stressors.
Set Up Your New Business in the Dubai Knowledge Park Today
If you are interested in setting up a business in the Dubai Knowledge Park Free Zone, you can benefit from tax exemptions on personal tax, corporate tax, and customs duties.
However, setting up a business in Dubai can be challenging as it involves tasks such as naming the company, applying for visas, and opening bank accounts. Fortunately, our business setup consultants have helped over 60,000 entrepreneurs from 180 countries to establish their business successfully. To set up your business in Dubai Knowledge Park, contact us today.
Calculate your Business setup cost
Contact us
Call +971 56 866 3666 or fill out the form to schedule a consultation with one of our Business Setup Advisors.
Working Hours
Monday to Friday
9 am – to 6 pm
Saturday - Sunday
Off
Office Address
Office 908, 9th floor; Tamani Arts Office Building, Business Bay – Dubai
United Arab Emirates
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