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Knowledge Village Free Zone

Knowledge Village Free Zone

The business consultants at Horwath Mak are able to facilitate the setting up of businesses at Knowledge Village Free Zone. We pride ourselves on providing solutions for not only setting up your business, but ensuring it is profitable and successful. Our business establishment, as well as business maintenance services have been refined throughout the years and allow us to offer clients the optimum level of cost effectiveness, efficiency, and customized professional services.

Knowledge Village is a segment of The Dubai Technology and Media Free Zone and can offer significant business incentives to those institutions which choose to operate from within Knowledge Village. These incentives may include, but are not limited to, 100% ownership as well as exemptions from customs, personal, and corporate taxes in addition to full repatriation of profits and capital. Knowledge Village is designed in such a way that it complements the other two clusters in the Free Zone: Dubai Media City and Dubai Internet City. It accomplishes this by providing the facilities necessary for the training of the clusters’ potential work force, which is focused primarily in the communications, media, and IT sectors.

At present, there are some 200 companies that make their homes at Knowledge Village. This very diverse group of companies includes e-learning providers, international universities, and many online academic institutions. Educational institutions aren’t the only business that call Knowledge Village home however. There are also a wide variety of research and development institutions, professional, testing, and innovation training centers found within Knowledge Village.

Knowledge Village has a variety of facilities available that are nearly as diverse as the companies that call the Village home. With commercial spaces, executive offices, executive suites, as well as open offices, Knowledge Village has something that will suit no matter what type of business you would like to establish there. With the help of Horwath Mak business consultants, your business can be established and running smoothly in much less time than you would imagine.

 

Facilities offered

Commercial spaces 
No space restriction

Executive offices
Business centre Availability is in between 100 to 250 Sq. ft

Open office
(Business centre)

Executive suite
(Business centre)

Rental per annum US$ 32.75 (AED 120) Per sq. ft US$ 95/Sq. ft (AED 350) US$ 4091
(AED 15,000)
US$ 76.36/Sq. ft
(AED 280)
Lease period One year, annually renewable One year, annually renewable One year, annually renewable One year, annually renewable
Possible legal entities Branch of a foreign company
(Parent company should be in existence for min 2 years)
Branch of a UAE company including entities established in other UAE free zones. FZ LLC
(Single shareholding)
Value per share is US $ 273 
FZ LLC
(Multiple shareholding)
Value per share is US$ 273 (AED 1,000)
Capital –cash physical None None *US$ 13, 635
(AED 50,000)
US$ 955
(AED 50,000)
No of shareholders - - One Minimum two
Formation fee US$ 955
(AED 3,500)
US$ 955
(AED 3,500)
US$ 955
(AED 3,500)
US$ 955
(AED 3,500)
Types of license issued General Segments University Segments
(offer graduate courses)
University segments (offer both graduate and post graduate courses)
License fee US$ 4,091
(AED 15,000)
US$ 13,635
(AED 50,000)
US$ 27,270
(AED 100,000)
 
Business Segments Education partners, International universities, Management development centre, online academic institutions, Academic Service Provider, Learning provider, HRD centre, Professional Training Centre, Innovation centers Testing centre etc.
Visas Depends on the size of the space leased. Executive offices is eligible for maximum 3-4 visas.
formation time 30 days.
Other info Entity operating in open office / executive office / Executive suite required to pay a joining fee of US$ 1,364 (AED 5,000) and a refundable security deposit of US$ 1,364 (AED 5,000) / US$ 2,728 (AED 10,000) / US$ 4,091 (AED 15,000) respectively. Freelance permit allows an individual to operate as a sole practitioner and enables him to is US$ 2,182 (AED 8,000) which includes fee for processing residence visa. Academic institute license is provided to the Branch of reputed and ranked international universities and colleges. Academic institute license is provided after determining if the program provided by the institute is top ranked program in their respective country and if responsible for the curriculum, faculty, examinations and administration of the campus. The application for the Academic Institute license should be accompanied by an academic plan. An Academic institute is eligible to apply for the student visa. Student visa holder is not eligible to work. In case a student is found working while on being on a student visa, the university h would be held liable for the student’s action.
  * Capital amount shown above is only minimum indicative figure and can vary according to project outlay.