DIAC – Dubai International Academic City, a free zone, is a dedicated 18-million square feet campus for higher education. Business Setup in Dubai
State-of-the-art facility, the city is self-sufficient with infrastructure. To accommodate thousands of students and hundreds of programs running at the same time.
The facility is an exemplar of efforts to bring in world-class education from around the world in one place. The place facilitates world-class infrastructure for the pursuit of intellectual growth.
As they say, it is indeed – “The world’s largest free zone dedicated to higher education and the pursuit of intellectual growth.”
And, with the region’s increasing need for academic institutes and programs along with Dubai’s welcoming economy, it is your chance for a great business setup in Dubai.
DIAC is an ideal place if you’re into academic business or the profession. To know more about business setup and DIAC, read further.
Business Setup in Dubai
About Dubai International Academic City Free Zone
Dubai International Academic City is a free zone. It is a top destination for higher education in Dubai, with an exclusive campus that hosts a total of 37 institutes.
Amongst them, 21 are international branches of campuses as of now.
It has regional and international colleges and universities in one place. Having n number of undergraduate and postgraduate programs offered and running.
It currently serves 27000 students from around the world in one huge campus.
The city offers administrative space, theatre, modern lecture theatres, library, common room, computer lab, student transportation, professional high-tech TV, production, and post-production facilities like a film studio, an editing suite, and a lot, lot more.
Staying facilities, beverage outlets, driving schools, car rental, travel agencies, childcare nurseries, beauty parlors, and medical clinics are also available within the campus.
How Can You Start a Company in Dubai International Academic City
Your business plans in the academic industry can soar high in Dubai International Academic City. For the same, we have a guide for you on how to start a company in Dubai free zone – DIAC.
Business segments permitted in DIAC:
- Free Zone Limited Liability Company (FZ – LLC)
- Branch of a Company (UAE or Foreign)
- As a Freelancer
You can register your business as a Free Zone Limited Liability Company, Branch of a foreign or UAE company. As an independent working freelancer.
(i) Free Zone Limited Liability Company formation will require minimum capital for incorporation, which will depend upon the nature of the business activity. The company formed under FZ – LLC will be an independent legal entity with shareholders.
(ii) You can register a branch of your already established company, whether in UAE or abroad and carry on your business activities in the DIAC. The branch will be considered legal dependent on its parent company and will not require minimum capital for the setup.
(iii) You can practice in DIAC as sole practitioners under your name and carry on your business practice in the campus/free zone.
The process of registration goes through the stages of application, submission, and furnishing of required documents, and the last sign and collection to start with your business activities.
You’ll be attended to select your office space on campus, and a lease of the same will be required for you to carry on with the activities.
After establishment, it will all be sunny side up for your business, and you can enjoy various advantages of free zone company formation in Dubai.
Free zone company formation with Dubai International Academic City comes with all the perks of a free zone company. Which includes the following:
- 100% foreign ownership
- 100% repatriation of capital and profits
- Exemption from taxes and customs
- World-class infrastructure
- Fast-track immigration process
- Academic and business environment
- A talent pool of world-class institutes
The decision of business setup in Dubai and also in a free zone is a no-brainer.
And, after learning how to register a company in Dubai International Academic City free zone, it is a cakewalk for the business enthusiast in the academic business industry.
So, for all looking forward to starting a business in Dubai, it’s the time! Get hold of your business plan and jump in the process, and do not forget to consult business setup consultants in Dubai for your dream plan.