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
Find out how much it cost you to setup your Dream Business
Other Recent Blogs
Laws
Curabitur non nulla sit amet nisl tempus convalli quis ac lectus. Nulla quis lorem ut libero
Breaking Down Barriers: Why 100% Foreign Ownership in the UAE is a Game Changer for Business
Foreign-Owned Businesses in the UAE The UAE has always been a positive and financially rewarding destination for savvy entrepreneurs to grow their businesses. It features a friendly environment, tons of networking potential, and business-friendly regulations that take...
Business Setup in RAK, the World’s First Free Zone for Digital and Virtual Asset Companies
The RAK Free Zone The Ras Al Khaimah Free Zone has quickly grown to become one of the top business jurisdictions in the UAE for up-and-coming digital creators hoping to find success in the region. This hub is now firmly positioned as a strategic destination for...
Do I Need to Register My Business with the Dubai Chamber of Commerce?
Your Business and the Dubai Chamber of Commerce If you’re considering starting a business in Dubai, registering your business with the Dubai Chamber of Commerce is one of many approvals you’ll need to obtain. Registering your business with this organization is not...
Five Exciting Mega-Projects Set to Boost Economics in the UAE, Saudi Arabia, and Beyond
Middle Eastern Mega Projects In recent years, the United Arab Emirates (UAE) and Saudi Arabia have embarked on ambitious mega projects to bolster their economies and enhance their global standing. These projects, characterized by their massive scale and innovation,...
Five Business Strategies Every UAE Startup Needs for Sustainable Growth
Business Growth in the UAE In recent years, the UAE has emerged as a global leader in commerce and trade, with investors from all over the world traveling to the region to conduct business. For these small to midsize enterprises (SMEs), there has never been a better...
Subscribe to Our Newsletter
We’ll keep you updated on the latest trends and news