Free zone is a particular geographical area in the emirate where 100% foreign ownership is allowed. Free zones do not require partnership with a UAE citizen or with a local service agent.
DUBAI KNOWLEDGE VILLAGE (DKV) is the only free zone in the world that focuses on HR and education. Dubai Knowledge Village operates under umbrella of Dubai Holding and Tecom Investments in particular.
The freezone has 450 registered companies. This is the place where world known universities nest.
Dubai Knowledge Village is an ideal place for setting up an education establishment or education consulting company.
minimum share capital requirement amounts to AED 50,000 (USD 13,698).
1 year only, as in any other emirate, after which the license needs to be renewed.
It is mandatory that all companies registered with Dubai Knowledge Village freezone submit annual audit reports.
Company’s license is due for renewal prior to its expiration date, otherwise, penalties for late renewal apply.
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