Free Zone Business Setup in Dubai Knowledge Park (DKP)
Dubai Knowledge Park (formerly Dubai Knowledge Village) was launched in 2003 as the world’s only free zone dedicated to advancing human resource management and education. The free zone now has over 400 registered companies and educational institutions that enjoy the benefits of free zone company formation, including 100% foreign ownership, zero tax on companies and individuals, and no currency restrictions.
The free zone is located just off Sheikh Zayed Road, near Dubai Media City and Dubai Internet City, and a short drive from Dubai Marina and Jumeirah Lakes Towers. Dubai Knowledge Park’s facilities are housed in 20 connected buildings on a 1 million square foot site. There are several types of commercial space available across the free zone. The Business Centre offers hot desks, executive offices, and executive suites, depending on a company’s requirements and the type of license chosen for free zone business setup. Shell-and-core offices are available for complete refurbishment to suit company needs and standards. For on site retailers and support services, Dubai Knowledge Park offers retail spaces and kiosks.
As the UAE moves towards a knowledge-based economy, Dubai Knowledge Park is creating a community that fosters learning and professional development by attracting world-leading providers. With the free zone’s focus on human resource management and education, industries that have selected Dubai Knowledge Park for free zone company formation include test providers, universities, professional training centers, executive development service providers, and human resources and management consultancies. In addition, renowned international educational institutions have chosen Dubai Knowledge Park for free zone business setup, including:
- University of Wollongong in Dubai
- University of Manchester: Manchester Business School
- SP Jain School of Global Management
- Middlesex University (Dubai)
- Heriot-Watt University
- University of Exeter
- Michigan State University
- Hult International Business School
Types of Licenses
For businesses and investors interested in free zone company formation in Dubai Knowledge Park, there are three license options: Free Zone Limited Liability Company, Branch of a Foreign or UAE Company, and Freelancer. A Free Zone Limited Liability Company creates a separate legal entity for its shareholders, but does require a certain amount of capital for registration. A Branch is the same legal entity as its parent company, but there is no capital requirement. A Freelancer license allows an individual to operate a business under the individual’s birth name and not a brand name. With the types of licenses available, Dubai Knowledge Park is a prime location for businesses requiring free zone company formation in Dubai.
Dubai Knowledge Park regularly hosts networking events as an extra benefit for companies who choose the free zone for their business setup in UAE. For companies in the education sector, the free zone’s I-UP Forum unites education professionals and government departments to explore potential collaboration. The Dubai Knowledge Park Breakfast Club brings together Dubai businesses with the free zone’s human resource professionals for networking, and the annual Training Week provides a platform for training and human resource consultancies to connect with businesses from across the region.