FB Pixel

TECOM Group Business Setup - Setup Zone

TECOM

 

TECOM Group, previously known as TECOM Investments, is an industry-specialized developer and operator of thriving business communities that make a substantial contribution to Dubai’s sustainable economic growth.

 

It has 11 business communities provide a home in Dubai for over 5,100 businesses, ranging from major multinationals to local SMEs and startups, representing a total workforce of 76,000.

 

We Setup Zone can assist in setting up business in TECOM GROUP Free Zones. We can aid in all types of company registrations out here, we make it easy for you to start your company. The incorporation of a free zone business is not always as you think. Setup Zone specializes in taking care of the legal and document clearing side of the process.

 

 

 

 

 

Featured TECOM District

 

Dubai Knowledge Park

 

DKP is the world’s only free zone dedicated to Human Resource Management and learning excellence.


Dubai Knowledge ParkLICENSE REGISTRATION WITH DUBAI KNOWLEDGE PARK (DKP) – TECOM.

Established in 2003 as part of TECOM Group, Dubai Knowledge Park (DKP) aims to develop the region’s talent pool and establish the UAE as a knowledge-based economy.

DKP is a unique hub that offers the best selection of programs in Human Resource Management (HRM), Consultancy, Training and Personal Development. Students receive diplomas and certificates of the highest caliber from DKP’s top-class Business Partners.

Dubai Knowledge Park provides flexible solutions with support from its innovative customer service team. With their assistance, DKP business partners have set up training centres, institutes and HR agencies to sustain and secure their market share in this booming sector.

 

REGISTRATION SNAPSHOT

 

Step 1: Submit Application and all requirements for Provisional Approval

 

  •  A completed Application for Company Registration (required only if establishing a Free Zone Limited Liability Company (FZ-LLC)).
  • A completed Application for License.
  • A Business Plan as per the template provided.
  • A color copy of passport (valid for at least 6 months from the date of submission) for each of the following individuals:

– Manager of the proposed company.
– Director(s) of the proposed company.
– Shareholder(s) of the proposed company (or duly authorized signatory of each shareholder).
– The legal representative, if appointed.

 

The Application review takes around 5 working days to be completed.

 

Activities under the ‘Human Resources Development’ and ‘Training’ license segment must be granted a permit from the Knowledge & Human Development Authority (KHDA) in order to obtain a commercial license to operate in DKV.

 

Step 2: Submit Legal Documents for Company Registration

 

You should forward the required legal documents within 15 working days to ensure speedy registration of the proposed entity. (The Documents are mentioned above, underneath the cost table)

 

Issuance of Customer Confirmation Letter by DKV
Time Scale: 2 Working Days

 

The Confirmation Letter takes two working days, and should the submitted legal documents be incomplete, the application is put on hold, and you will be informed accordingly.

Upon approval of the application, DKV will issue the Customer Confirmation Letter (CCL)’ which includes the following:

 

  • Company details
    company name, license number, legal framework, and business activity.
  • Office details
    Office location, office area (sq ft), annual rent, lease start, and end date.
  • Payment Details
    First lease installment (if applicable), service charge, one-off registration fee, annual license fee, personnel sponsorship deposit, fit-out and equipment charges (if applicable).

 

Step 3: Sign and Return Customer Confirmation Letter and Make Required Payments
Time Scale: Dependent on client

 

Review of Applicant’s Legal Documents
Time Scale: 2 Working Days

 

Dubai Technology & Media Free Zone Authority (DTMFZA) Registration & Licensing Department reviews the legal documents. For FZ-LLCs, constitutional documents (Articles of Association & Memorandum of Association) and ‘Bank Introduction letter’ are prepared.

 

Step 4: Sign Articles & Memorandum of Association & Collect Bank Introduction letter
Time Scale: Dependent on Client

 

You will be invited to sign the original Articles and Memorandum of Association for your new company. DTMFZA Registration & Licensing team will then issue a ‘bank introduction letter’ to assist the FZ-LLC open a Bank Account in the UAE and a Resolution in order to facilitate the opening of a corporate bank account at your chosen bank in the United Arab Emirates (UAE).

 

Step5: Deposit Share Capital (AED 50,000)
Time Scale: Dependent on client

 

The bank introduction letter is valid for 14 days. Within this period, you will need to open a corporate bank account and deposit the share capital, as per the Board resolution.

Once the share capital has been deposited in your corporate bank account, the bank will provide a letter confirming the opening of the account and details of the deposit (the ‘Proof of Capital’ Letter).

 

Preparation of License & Lease
Time Scale: 3 Working Days

 

A Certificate of Incorporation is issued and The Registrar signs and seals the Articles of Association and Memorandum of Association to legalize the documents. Your lease agreement will be prepared accordingly.

 

Setup your Business in Dubai Knowledge Park. Book your Free Consultation today with a Setup Zone Company Formation Specialist.

 

 

Business districts on TECOM


  • Company Setup in Dubai Internet City

    Dubai Internet City

  • Company Setup in Dubai Media City

    Dubai Media City

  • Company Setup in Dubai Knowledge Park

    Dubai Knowledge Park

  • Company Setup in Dubai Science Park

    Dubai Science Park

  • Company Setup in Dubai International Academic City

    Dubai International Academic City

  • Company Setup in Dubai Studio City

    Dubai Studio City

  • Company Setup in Dubai Outsource City

    Dubai Outsource City

  • Company Setup in Dubai Industrial Park

    Dubai Industrial Park

  • Company Setup in Dubai Production City

    Dubai Production City

  • Company Setup in Dubai Wholesale City

    Dubai Wholesale City

  • Company Setup in Dubai Design District

    Dubai Design District

Let's Talk About Your Business

TELL US ABOUT YOUR BUSINESS ACTIVITY OR JUST ASK A QUESTION!
CLICK HERE FOR A PROMPT REPLY
SetupZone Documents Clearing Services