Dubai Academic City is your following business location in a Dubai Free Zone if you won’t want to expand and grow your business. Known as Dubai International Academic City or DIAC, this Free Zone is located along the southern outskirts of Dubai, and it was launched in 2007 by TECOM Group. This free zone aims to develop Emirates’ workforce and set up the grounds for a knowledge-based economy. It is the first free zone meant to achieve higher education. In Dubai Economic, you will have the chance to meet international branch companies and around 25,000 international students. Here, you will have the opportunity to set up a successful company and invest in your education, thanks to the over 400 programs in higher education.
Dubai Academic City – the advantages of setting up your business in this free zone
Dubai Academic City is one of Dubai’s most beneficial free zone, being the right area to develop your company. This thriving zone has gathered different businesses and students worldwide. Recognizing itself as an academic city is one of the key reasons the city has been so prosperous in attracting academicians. As we have already mentioned, there are many universities and educational institutions in the city. There are a few things to remember about Dubai company formation if you plan to start a business or create a venture in the business industry.
The advantages of having a business in Dubai Academic City are as follows:
– Exemption from all taxes and customs duties
– Foreign ownership
– Complete repatriation of capital and profits
– Ability workforce available through fast immigration
– All government services in one place
– The ideal academic environment for institutions
Also, DIAC currently hosts 21 of the UAE’s 37 International Branch Colleges (IBCs). This is the most significant number in any single location worldwide. It hosts a large student population from 137 countries and has access to more than 400 higher education programs.
Also, the Dubai Academic City is well located, being near the most of the city. You can move from one place to another very quickly because of the many public transport links available for the DIAC. Also, you can come with your car to the area because you have an indoor and outdoor parking facility with a capacity of over 1000 vehicles.
Types of Company Formation in Dubai Academic City
Limited Liability Company (FZ-LLC)
This company has its shareholders and is an independent legal entity. The business activity determines the minimum capital required for incorporation.
Branch of a Foreign/UAE Company
A branch can be considered a legally dependent part of its parent company even though its location is not at the leading company’s headquarters. (No minimum capital required).
You can operate your business as a freelancer with a Freelance permit.
In Dubai Academic City, you will find the main business activities are an academy, consultancies, educational institutions, marketing, media and entertainment, retail, technical services, tutoring services, and universities. Don’t forget that you a shareholder, you’re obliged to be physically present in the UAE to complete the company’s incorporation process.
Facilities offered by Dubai Academic City
Hot Desk – This service can be used by multiple clients and is most useful for freelancers.
Executive Desk – This space is furnished with one chair, a desk, a pedestal and keys.
Executive Office – A executive office is furnished using one executive desk, chair, visitors chair, and a pedestal.
Fitted-Out Commercial Area – This space offers a higher-end business environment. It includes tables, chairs, projectors, and desks.
The modern facilities of Dubai Academic City attract many potential students and investors.
How to set up your business in Dubai Academic City?
To set up a business in Dubai Academic City, you need to submit the following documents along with the Dubai Creative Clusters Authority:
– an application form for the business license,
– copies of the shareholders’ and directors’ passports,
– the proof of the payment for the required registration fees.
– a business plan,
– the Dubai company’s incorporation certificate
The required steps to start a company in Dubai Academic City are:
– Register your trade name and receive a Certificate of registration
– To receive initial approval, fill out the application form and send it in
– For company registration in DIAC, submit the required documents
– Sign a Memorandum of Association.
– After opening a bank account for a business, deposit a share of capital
Set up your business in Dubai Academic City with UAE Company Registration
UAE Company Registration is the perfect and one of the best consultancy agencies to set up your business in Dubai Academic City. We are a dedicated team made up of professionals who will help you complete the requirements for company registration, setting up a UAE bank account, and a Residency Visa. You can get your business to another level with UAE Company Registration!