Dubai Knowledge Village (DKV) was set up in the year 2003 and was later rebranded as the Dubai Knowledge Park (DKP). This free zone brings together organizations that focus on providing the most exceptional education and vocational programs, development, and training of personnel, and management of human resources. The DKP is one of the only free zones which is fully dedicated to the development of social learning and furthering the field of Human Resource Management (HRM) and provides an excellent opportunity to global education providers.
Dubai Knowledge Park offers a wide range of services and solutions which help a company to reach its maximum potential. This free zone consists of a number of educational institutes, HR agencies, and training centers that focus on the development of the educational intellect of people which will make them capable of holding a job in the country. The easy and straightforward business registration services along with the excellent services present in the free zone make it a very lucrative opportunity for entrepreneurs and people in business from all around the world.
The Dubai Knowledge Park was created with the aim to retain and develop the talent in the region and ensure that there is an abundance of efficient and educated human resources for the businesses to use. This free zone brings in various educational organizations and consultancies, making it a one-stop-shop for all the educational needs of a person from all over the world. It is because of this reason, it is the best option for setting up an education-related business in the United Arab Emirates.
There are various products which are offered by the Dubai Knowledge Park (DKP) such as the following:
The DKP is a very lucrative place for setting up a business due to its offering of various types of business centers which include:
A hot desk refers to share office space that can be used by more than one client. The businessmen availing of the Hot Desk feature are also eligible for one VISA per freelancer. This feature is very beneficial for freelancers who are only looking for a place for browsing, emailing, printing, and calling.
An executive office which comprises of a furnished office that ranges in size from 100 to 250 square ft. The offices consist of one executive desk, a chair for the entrepreneur, a storage cabinet, and a pedestal.
The Executive Suites are full-fledged offices within the business center. The Executive Suite will include a private reception area and a meeting room which will accommodate six people at a time.
Commercial Offices comprise of floor spaces and offices which can be used up by a business according to their requirement. These floor spaces are usually furnished by the business that is coming in these offices.
Some of the foremost clients of the Dubai Knowledge Park include City and Guilds, Hewitt, Prometric, Hays, Monitor Group, Palladium, and many more.
Retail space is suitable for companies that offer services such as pharmaceutical services, newsagents, vending machines, restaurants, etc. Currently, the services are utilized by partners with big names such as KFC, Starbucks, Subway, and also by regional and small businesses such as Photocopy Centres, Pharmacy, Travel Stores, and many others.
These are small retail outlets which form as a branch for the newsagents and also form coffee and juice bars.
Types of Businesses Available
- Free Zone Limited Liability Company FZ-LLC
- FZ-LLC with Corporate Person as Shareholder
- FZ-LLC with Natural and Corporate Person as Shareholder
- FZ-LLC with Natural Person as Shareholder
- Branch of a Foreign/UAE Company
- Branch of a Foreign Company
- Branch of a UAE Company or UAE Establishment
Dubai Knowledge Park Approved Auditor
According to the government of the United Arab Emirates, a business that exists in a particular free zone or is incorporated in one requires an approved auditor to conduct the audit of a business. If the auditing firm is not approved by the management of the free zone, they will not be eligible to conduct the Financial Audit of the incorporated businesses.
It is because of this reason it is also suggested that you avail the services of a reputed auditing firm that has been approved by the particular free zone. One such reliable firm in the UAE is JAXA Chartered Accountants. JAXA will not only take care of all the rules and regulations of a free zone and ensure that the business complies with the management but will also provide reliable business solutions for the financial problems of the business. It is very difficult for a business to keep track of all the rules and regulations in a free zone.