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Knowledge Village Free Zone |
Horwath Mak business consultants can facilitate in
setting up business at Knowledge village Free
Zone. Knowledge Village is part of The Dubai Technology
and Media Free Zone. It offers substantial business
incentives to the institutions operating out of
Knowledge Village such as 100 per cent ownership
and exemptions from corporate, customs and personal
tax as well as full repatriation of capital and
profits.
Knowledge Village was designed to complement the
Free Zone's other two clusters: Dubai Internet
City and Dubai Media City by providing the facilities
to train the clusters' would-be workforce, which
is heavily focused in the media, communications
and IT sectors.
At present, Knowledge Village is the home to some
200 companies. These include international universities,
online academic institutions and e-learning providers,
as well as research and development centers and
testing, innovation and professional training
centers. The current campus of the state-of-the-art
facility is currently fully occupied.
A vibrant, connected learning community that will
develop the region's talent pool and accelerate
its move to the knowledge economy.
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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)
|
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| 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. |
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* Capital amount shown above
is only minimum indicative figure and can
vary according to project outlay. |
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| © Copyrights
2008-2009, Horwath Mak Business Consulting |
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