Business Setup in Dubai – DIAC

Dubai International Academic Free Zone Company Formation
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Do you have a vision of company formation in the U.A.E.’s education sector? You can be a part of Dubai’s free zone city of knowledge to fulfill your aspirations. Begin your journey by finding the best setup space at DIAC for your project.

Dubai International Academic City (DIAC) was founded in 2007 to extend the U.A.E.’s educational economy. It’s a global center for higher education in a variety of fields and is home to the best academic institutions countrywide. There are 28 institutions established by 11 countries with 300 Higher Education modules. The academic city is most famous for providing excellent learning experiences with a contemporary and highly digitalized ecosystem. Business setup consultants rank this area in their top suggestions to both local and international businessmen and investors.

With a wide campus of 18 million sq. ft., DIAC takes care of providing all facilities to its students. This gives many industries a chance to do business here. You can set up a cafe, hotel, healthcare, wellness center, sports complex, etc. with accessibility to over 28,000 students from 100+ nations. Both national and foreign investors can expect good R.O.I. from the Dubai International Academic Free Zone company formation. Visas and license assistance are provided with axs services for business setup in Dubai. The in5 platform helps startups in effective collaborations and ultimate success.

Key Advantages of Company Formation in DIAC:

  • Complete overseas ownership,
  • Absolute capital repatriation,
  • 100% exemption from taxes based on personal income, services, import and export,
  • Possible exemption from corporate tax subject to meeting criteria
  • Communication systems driven by modern technologies

Dubai International Academic Free Zone Company Formation:

Location:

Dubai International Academic City, Dubai, (U.A.E.)

Proposed activity:

Higher Education Provider/ Online University/ Educational Service Provider/ Non- Academic Service Provider/ Free Lancer/ Branch School/ Boarding School and General Activities can be carried out in DIAC.

License available:

Commercial Trading, Service License & Freelancer permit are available options for DIAC – Dubai International Academic City Free Zone Company setup.

Type of entities:

Free Zone-Limited Liability Company (FZ-LLC) & Branch office

Shareholder:

Shareholder for Dubai International Academic City Free Zone (DIAC) Company can be Individuals or Corporate entity,

Director:

Individuals only (Minimum one. Shareholder can also be Director)

Share capital:

AED 50,000/- (50 shares of AED 1,000/- each) for FZ – LLC DIAC Company Setup and AED Nil/- in case of Branch office. (Required to be deposited in bank before or after company incorporation)

Do note that shares are deemed to be issued on company incorporation irrespective of whether share capital is deposited in bank pre or post incorporation.

Audit for Business Setup in Dubai:

An audit report is required to be filed with DIAC.

Estimated time:

4 to 6 weeks to obtain license of the company and register a company in DIAC (Dubai International Academic City Free Zone)

Another 7-10 working days for immigration card subject to security clearance & thereafter visa may take approximately 7-10 working days on normal basis.

Process for Dubai International Academic Free Zone Company Formation:

  • Identify the legal form of company to be registered in DIAC
  • Select activity from DIAC activity list,
  • Apply for name and initial approval,
  • Payment of fees related to DIAC business set up,
  • Sign DIAC company registration and incorporation documents,
  • Apply for DIAC residence visa.

Documents Required for DIAC Company Registration:

The documents required for business setup in Dubai International Academic City depend on whether a shareholder is an individual or corporate entity. The basic requirements are

  • Color passport copy of shareholder/director/manager,
  • Color U.A.E. residence visa & emirates id copy of shareholder/director/manager,
  • Utility bill copy of shareholder/director/manager,
  • CV/Resume of shareholder/director/manager,
  • Business Plan.
  • N.O.C. from the current sponsor for shareholder/director/manager

Dubai International Academic Freezone Company Formation Fees:

DIAC Company Setup begins from AED 35,000/-.

Other Notes for DIAC Free Zone Company Formation:

  1. For company formation in U.A.E., documents need to be legalized with the U.A.E. Embassy in case of corporate shareholder.
  2. Company Immigration/Establishment card to be renewed every year.
  3. Investors should have a family status U.A.E. visa and should have a share capital of AED 75,000/- and to be eligible for an Owner/Investor/Partner visa should have a share capital of AED 60,000/-

How G.B.S. Helps

Global Business Services DMCC has helped various organizations and owners to transform their ideas into reality through trusted consultancy. You can easily get through all the formalities involved in a business setup in Dubai International Academic City. We can assist you in forming a startup, growing an already existing business and understanding U.A.E.’s global market.

Take your company formation in DIAC to the next level. Call us now at 050-8992852 or drop an email to sagar.mehta@gbsei.com to know about special promotions/offers related to business setup in DIAC.

Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal, tax or other professional advice. We do not accept any responsibility, legal or otherwise, for any errors or omissions.

GBSOur Office
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OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:

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Jumeirah Lakes Towers,
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Dubai (U.A.E)

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GBSOur Office
Organically grow the holistic world view of disruptive innovation via empowerment.
+971 4 4471803
OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:

Office No.12A-06,
13th floor HDS Tower,
Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)

QUICK LINKSOur Services
GET IN TOUCHGBS Social links
Taking seamless key performance indicators offline to maximise the long tail.
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Organically grow the holistic world view of disruptive innovation via empowerment.
OUR LOCATIONSWhere to find us?
GET IN TOUCHAvantage Social links
Taking seamless key performance indicators offline to maximise the long tail.
AVANTAGEHeadquarters
Organically grow the holistic world view of disruptive innovation via empowerment.
OUR LOCATIONSWhere to find us?
GET IN TOUCHAvantage Social links
Taking seamless key performance indicators offline to maximise the long tail.

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Copyright © 2020 Global Business Services.

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