Dubai International Academic City

Founded by TECOM Group in the year 2007, Dubai International Academic City outfits the needs and growth of the varied academic community. It is located close to the Internet City near the Dubai Marina edged by Palm Jumeirah. By the year 2010, DIAC accommodated around 53% of the educational institutes at a higher level in the UAE. Dubai International Academic City has become the largest educational free trade zone by serving over 27,000 students belonging to nearly 150 various nationalities. Apart from this, in the Middle East, DIAC has positioned amongst the top 10 global free zones.

Additionally, Dubai International Academic City has a committed 3 million square feet area for the research and development region. DIAC motives to offer a common ground for schools, colleges, and universities as well. The area includes a Ministry of Climate Change and Environment, Green Government Organization, and an International Centre for Biosaline Agriculture.

Benefits of business set-up in Dubai International Academic City

• 100% foreign ownership
• The hassle-free procedure of business registration
• Business-friendly rules and regulations
• Supports a large number of academic partners with efficient manufacturing facilities
• No corporate tax for 50 years
• Comprises on-campus as well as off-campus spaces so that the students can explore the all-rounded experience
• One-stop-shop service providing business with postal and license service
• Rapid access to knowledge workers
• 100% repatriation of profits and capital
• Enables academic institutions to exploit advanced technologies as well as processes
• Discharge from customs duty for services
• By offering all housed institutions with experience sharing opportunities, the free zone creates a global destination in terms of academics
• 24-hour visa service
• Offers freelancers with hot desk, executive desk, and fitted-out commercial space

Types of legal entities allowed in Dubai International Academic City

• Free Zone Limited Liability Company (FZ-LLC): It is an independent company formed with its own shareholders.
• Branch of a UAE/ foreign company: It is legally reliant on its parent company irrespective of whether its business space is or isn’t in the company’s headquarters.
• Freelancer: It allows an individual to set-up their business on their own.

Business license permitted in Dubai International Academic City

• Educational Service License: It is issued for training institutes established in the free zone.
• Boarding and branch school: It is approved for private as well as public schools under UAE Government rules.
• Academic and non-academic service License: It includes a license for workshops, training centres, and child development centres.
• Sole traders License: It is approved for the foreign traders who want to open an individual business in Dubai.

Be it company registration process in Dubai International Academic City or processing Visa, Nasiha  can be an asset to you. Come to us with any business query and we will ensure to solve it as soon as possible. With years of experience, we can help you from stage 1, i.e. selecting a name of the company to setting a smart desk here. Get in touch with us and we will be support in you every aspect for company formation in Dubai textile city.