Dubai International Academic City
The largest free zone in the world devoted to higher education, Dubai International Academic City (DIAC) is home to the largest concentration of internationally recognised universities in the Gulf Cooperation Council (GCC). Because the free zone provides a one-stop shop for incorporation, educational institutions of all sizes have been drawn to it.
Students from all over the world have been drawn to the community’s cluster of universities and student housing. International students attending the institutes in DIAC have an easy time obtaining a visa, whereas other jurisdictions are making it more difficult. Long-term visas are advantageous for exceptional students studying subjects that are in high demand in the UAE. Their family members are also granted these visas.
Dubai International Academic City is a free trade zone for companies in the education sector (DIAC). It is the biggest free zone in the world devoted to higher learning. To provide support for the area’s broad and expanding academic community, DIAC was established in 2007.
With 400 undergraduate and graduate programmes offered, it currently houses several domestic and international colleges and serves around 24,000 students globally. Built on a 12-square-kilometer plot of land adjacent to Al Ruwayyah on the Dubai-Al Ain Road, DIAC is part of Dubai Academic City. The primary goal of DIAC is to continue developing and growing to satisfy the needs of its vibrant and highly intelligent academic community.
Why Set Up Business in Dubai International Academic City?
Dubai International Academic City is among the greatest locations to launch a successful business. As listed below, there are several reasons why a firm should establish itself in the academic city of DIAC –
- 100% foreign ownership is granted to you.
- You are fully permitted to repatriate the earnings.
- There are no taxes on it.
- All import and export duties are waived.
- Low operating expenses.
- There are numerous factories, enormous warehouses, and offices accessible.
- Obtaining a visa for students, workers, and other faculty or staff members is quite simple.
List of Documents Required to Set Up Business in Dubai International Academic City
The following documents are needed in the beginning –
- Licence application form.
- The business plan or outline.
- The registration application form
- A copy of the incorporation certificate.
- Copies of the executives’ passports and visas who are part of the planned business, such as directors and managers.
Documents Needed to Finish Further Procedures
To finish the process, these documents must be signed –
- Certificates of Authority
- The leases for the offices
- Articles of Association (AOA)
- The Incorporation Certificate
Frequently Asked Question
The licencing fee for establishing a business in Dubai International Academic City is around AED 15,000. However, other requirements, such as your location, business activity, company size, and other operating charges, may apply.
Yes, businesses in DIAC can collaborate with academic institutions within the cluster for research projects, talent development programs, internships, and other initiatives, leveraging the rich academic resources available.
DIAC is tailored for businesses in the education sector. While it supports a wide range of activities within this domain, certain activities may require special approvals or licenses.
