Dubai International Academic City Freezone
Hotspot For Higher Studies With Over 500 Undergraduate And Graduate Programs
About DIAC
Established in April 2007, Dubai International Academic City (DIAC) to meet the growing demands of the region’s academic sector. It houses several regional and international universities that guarantee a dynamic academic setting, with over 28,000 students going about their studies from different corners of the globe.
Hosting more than 500 undergraduate and postgraduate programs, DIAC continues to evolve into the future as it embarks on innovation and academic excellence, responding to the diverse and dynamic needs of its community.
DIAC is the world’s largest free zone dedicated to higher education. With international and top colleges and universities from regions like India, UK, Australia and Canada, DIAC plays a major role in advancing Dubai’s position in the global education scale.
Due to 100% foreign ownership, business-friendly policies, and access to world markets, establishing a company in DUBAI INTERNATIONAL ACADEMIC CITY is a strategic step for any international investors and educational institutions alike.
Benefits of Company Setup In DIAC?
Setting up a business in Dubai International Academic City (DIAC) comes with a set of benefits. Some of these include the following:
- 100% Foreign Ownership: It offers full foreign ownership, with no obligation to obtain a local sponsor or partner.
- Tax-Friendly Environment: Enjoy 100% exemption from personal income, service, and import/export taxes, with the potential for corporate tax exemption, subject to specific eligibility criteria.
- Strategic Location: Situated within Dubai’s education hub, the free zone offers easy access to the Middle East, Asia, and Europe.
- Business Friendly Environment: The best environment for education-based businesses and institutions. Local, global and regional educational institutes are present.
- Flexible Office Space: From shared workspaces to fully equipped offices, DIAC offers flexibility in office space to accommodate a variety of different business types.
Types Of Company Formation In DIAC
- Free Zone Limited Liability Company (FZ-LLC)
- Branch Office of a Local Company
- Branch of a Foreign Company
How to Set Up a Business in DUBAI INTERNATIONAL ACADEMIC CITY?
The free zone authority has made setting up an organization in DUBAI INTERNATIONAL ACADEMIC CITY is very easy. Here’s a step-by-step process:
Step 1: Decide your Business Activity and License Type
You decide on the type of business you want to start and then select your license, depending on the type of the business. You have a number of choices, including Commercial and Education.
Step 2: Choose a Company Structure
Dubai International Academic City (DIAC) allows various formations, such as a Free Zone Limited Liability Company or a branch to an existing foreign company.
Step 3: Reservation of Company Name
The name of your company should be as per the rules and regulations framed by the Dubai International Academic City (DIAC) Authority. Forward the name proposal to the concerned free zone authorities for verification and subsequent approval of the name reservation.
Step 4: Application for Initial Approval
Apply for the license, submitting an application form along with all the required documents, including a business plan, passport copies of shareholders, and a passport size photos with white background.
Step 5: Get Your Business License
Once all documents are verified, DIAC will issue your business license to legally start the operation in the free zone.
Why Choose RFZ for Business Setup in DIAC?
RFZ Corporate Service Provider is one of the specialists in the company incorporation process of Dubai International Academic City. Having immense experience in free trade zones business setup and thorough knowledge about the UAE regulations, we offer hassle-free setup from initiation to completion.
For more information, kindly contact us, and we would be delighted to help you unlock exciting opportunities for your business in the UAE.
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