Dubai International Academic City: Business Setup in DIAC Dubai International Academic City (DIAC) is a free zone fully dedicated to higher education and intellectual growth. Launched in 2007, it aims to fulfill the needs of the academic community. A plethora of regional and international colleges and universities are located here. There are over 27,000 students, and it offers more than 500 undergraduate and post-graduate programs. DIAC has 18 million sq ft. campus with modern facilities.
DIAC is suitable for the following types of ventures Academic institutions
Universities including online universities
Non-academic institutions
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Proprietors
DIAC is suitable for the following types of ventures Boarding schools
Consulting firms
Commercial developers
Insurance companies
Types of Licenses available at DIAC 1
2
3
Free Zone Limited Liability Company
Branch office of a UAE Company
Branch office of a Foreign Company
A free zone limited liability company has an independent legal status. It is required to have at least one director to form an FZ-LLC
The branch office of a UAE Company does not have a separate legal identity, and it conducts operations of the parent company’s business.
The branch office of a foreign company has no minimum share capital prerequisites; it is 51% locally owned.
4 Freelance Permit
The freelance permit gives an individual the liberty to operate as a freelance professional.
The Benefits of Business setup in DIAC
100% foreign ownership
100% repatriation of profits
Complete freedom from taxes
Free of all import and export duties
The Benefits of Business setup in DIAC
Operational are very low
costs
Availability of offices, factories, and warehouses
Ease in obtaining a visa for students, staff, and faculties
DIAC BUSINESS SET-UP PROCESS Submission of
01
application
Submission of documents
and the necessary payment
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03
Signature and Collection
Documents Required for DIAC Business Set-up Registration Application Form
License Application form Required Documents
Business Plan
A copy of the Certificate of Incorporation
Valid copies of the passport & visas of the manager of the proposed company, directors, and the legal representatives
The following documents are to be signed to complete the process 01
Office Lease 1
2 Articles of Association
02
03
License
Memorandum 3 of Association
04
05
Certificate of Incorporation
Facilities available 01
Land Different land options are provided to partners, including education, mixed-use, retail and hotel plots, and student accommodation. The plots are selected, keeping in mind the needs of educational institutions, accommodation, residential apartments, and dormitory facilities, and supermarkets, and shopping centers.
02
Commercial Floor Space The space is available for all entities that meet the license requirements.
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Business Centre The Business Center offers a range of products and services like hot desks to fully furnished complete office environments.
Facilities available Business Centre
Hot Desk A Hot desk is a shared office desk, and more than one individual can use it. It is perfect for Freelancers who are looking to have a space to complete the office work such as email, printing, browsing, and calling. Hot desk clients are also eligible for one visa per freelancer.
Executive Desk Executive Desks come with one desk and chair along with a storage pedestal and a cabinet with key. Each of the open offices has a partition that runs from floor to shoulder height between the desks to provide privacy within such a shared environment. Executive Desk clients are also eligible for two visas per desk. The cabin size of a typical desk is approximately 100 sq. ft.
Business Centre Executive Office (Type 1)
An executive office basically comes with one executive desk and chair, a storage cabinet, visitor chairs, and pedestal. The conventional office sizes range from 100 to 250 sq. ft.
Fitted Out Commercial Space
A Fitted out Commercial Space offers the upper end for a business environment. Open areas fitted with desks, projectors, chairs, and table and audio-visual systems are provided.
Executive Office (Type 2) This is an Executive Suite that offers a full-fledged furnished office environment within the Business Centre, including once executive table with chairs, visitors couch, a storage cabinet, and pedestal. The typical desk cabin size is 281 sq. ft.
DIAC Academic Partners American University in the Emirates (AUE)
Institute of Management Technology, Dubai
Manchester Business School
S P Jain School of Global Management
Manipal University, Dubai
BITS Pilani University, Dubai
DIAC Academic Partners Hult International Business School
Abu Dhabi University
Amity University, Dubai
University of Birmingham, Dubai
Frequently Asked Questions Is there any corporate, personal, or withholding tax applicable to companies formed in DIAC? No, there is no corporate, personal, or withholding tax applicable to companies formed in DIAC
Is 100% foreign ownership permitted for businesses set up in DIAC? Yes. 100% foreign ownership is permitted for companies registered in DIAC.
Is there freedom to recruit expatriates? Yes, a DIAC company can recruit anyone, and there is no restriction on the hiring of expatriates.
NR Doshi and Partners: Dubai International Academic City Company Formation Service We help our clients in seeking all approvals and issuance of licenses. We assist at every step of the visa application process and bank account opening. We have a
team of business setup consultants that guide our clients at every step in the company formation at DIAC and in the final submissions of all requirements. Contact us now to set up a DIAC company!
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