20 Mar 2019
By MSZ Consultancy
Business Setup
Dubai International Academic City (DIAC)
Dubai International Academic City (DIAC) was started in 2007 to cater to the needs of the region’s growing and diverse academic community. If you want to open a business in Dubai International Academic City (DIAC) then you have to get an approval from Dubai Technology and Media Free Zone Authority.
Following are the benefits of setting up a business in DIAC
- 100% foreign ownership
- 100% repatriation of capital and profits
- A one-stop shop that provides governmental services
- Ideal academic and also business environment for businesses and institutions
- Presence of reputed global, regional, and also local academic institutions
- Communication infrastructure based on next-generation technologies
Types of Entities
- Free Zone Limited Liability Company (FZ-LLC)
- Branch of a local/foreign company
- Freelancer
Following are the permitted business activities in DIAC
- Higher education
- Online University
- Educational services
- Non-academic services
- Freelancing
- Branch school
- Boarding school and general activities
Following are the required documents to set up a business in DIAC
- Application form
- Business plan and also the details of the shareholder’s
- Original Memorandum of Association and also Articles of Association
- Board resolution (attested and notarized)
- Passport copy and visa copies of the manager and also the director’s
- No-Objection Certificate (NOC) from the sponsor
- Proof of share capital
- Registration fee and also license fee
For furthermore information, Contact us: +971 52 544 1248
