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International entrepreneurs operating in the field of education and knowledge-based services including training centres and learning support, will be best suited to operating in the Dubai Knowledge Free Zone. Below is detailed information on the advantages and disadvantages of Dubai Knowledge Village company formation, and Healy Consultants' capabilities in this area.
Advantages of Dubai Knowledge Village Formation
1.
Dubai Knowledge Village company formation is perfect for educational investors looking to set up a presence in the UAE to conduct one of the following types of activity: i) Professional Training: offering training courses and certifications ii) eLearning Provider: eLearning Technologies & Support Services iii)  Research and development iv) Human Resource development activities.
2.
100% foreign ownership is permitted with Dubai Knowledge Village company formation. Furthermore, there are no restrictions on the repatriation of capital or profits from the UAE. A company located in Dubai enjoys 100% legal exemption from all import and export duties.
3.
If properly-structured, Dubai Knowledge Village company formation is the perfect way to legitimately book international profits without paying local corporation tax. There is neither any corporate tax nor personal income tax levied in Dubai. Furthermore, there are no requirements for a Dubai Knowledge Village  Free Zone company to prepare annual financial statements or tax returns to any authorities, making Dubai Knowledge Village company formation easy to manage.
4.
International entrepreneurs obtain one of 3 different business license types for their Dubai Knowledge Village Free Zone company: i) Free Zone limited liability company (FZ LLC)  ii) Branch of foreign company (Any offshore company should be at least 2 years old to be incorporated by Dubai Knowledge Village) iii) Branch of UAE-based company (Including other UAE Free Zone licensees).
5.
Healy Consultants will obtain the company registration certificate and operating license from the free zone authority without our client needing to travel to Dubai. Our related services include: i) Submitting documentation to the free zone authority to obtain the company  registration certificate and licence, including application form ii) Assistance with drafting a business plan (in the format required by the free zone authority) to accompany the application iii) Opening a bank account for our client following Dubai Knowledge Village  company formation and iv) Provision of all corporate and licence documentation to the client.
6.
Healy Consultants can open global corporate bank accounts to support Dubai Knowledge Village company formation. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services.
Disadvantages of Dubai Internet City Company Formation
1.
Dubai Knowledge Village has a minimum capital requirement of Dhs50,000 (US$14,000), which must be paid up during incorporation of the FZ LLC.
2.
Dubai Knowledge Village company formation takes up to four weeks to complete.
Contact Us
For additional information on Dubai Knowledge Village, email email@healyconsultants.com or call us at (+65) 6735 0120

 

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