Dubai Knowledge Village
Dubai Knowledge Village (DKV) was developed by Tecom Investments in 2003 and it is a human resources, professional learning and educational free zone. Dubai Village Knowledge is related to the Dubai International Academic City as part of higher education companies have been moved there. However, Dubai Knowledge Village still hosts over 500 companies. The Knowledge Village in Dubai provides an excellent infrastructure and business registration services for foreign investors establishing corporate training companies and learning institution. Also, as any other Dubai free zone, Knowledge Village allows foreign enterprises to fully own a Company.
For other information related to investment opportunities in the Knowledge Village, you may refer to our specialists in Company incorporation in Dubai.
Licensing regulations in Dubai Knowledge Village
As in Dubai Academic City, the authority releasing business licenses in the Knowledge Village is the Dubai Creative Clusters Authority (DCCA). Businessmen have the possibility to set up the following types of companies in Dubai Knowledge Village:
- Free zone limited liability companies (FZ- LLC) that require at least one shareholder, one director and a minimum share capital of 50,000 AED
- Branch office of a foreign or UAE Company
The DCCA not only issues commercial licenses for Dubai companies, but also freelance permits for sole traders wanting to operate as HR consultants. The licenses have a one-year validity period and are renewable. Our experts may inform you about the licensing options available in the Dubai Knowledge Village.
Obtaining visas in the Dubai Knowledge Village
The Dubai Knowledge Village free zone is also available for foreign citizens wanting to work in Dubai. Companies may also hire foreign personnel and have the facility to apply for work and residence visa with the Dubai Knowledge Village authorities directly. Employees may also be sponsored by the companies in accordance with the Personnel Sponsorship Agreement (PSA) and the national Labor Law. In order to obtain a Dubai residence permit, all the required documents must be submitted seven days before the applicant’s arrival.
For complete information about Company incorporation procedures and hiring personnel, please contact our specialists in Dubai.