Under the directives of H.H.Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of UAE, Ruler of Dubai, Knowledge and Human Development Authority was established by decree 30/2006 to develop all knowledge and human resource sectors in the Emirate of Dubai. DIAC is the world’s only Free Zone dedicated to Higher Education. Established in 2007 as part of TECOM Investments, DIAC aims to develop the region’s talent pool and establish the UAE as a knowledge-based economy. DIAC is the premier destination for Higher Education in the region, located on a fully-appointed 18 million sq. ft. campus with state-of-the-art modern facilities. DIAC currently has 28 Academic institutions from 11 different countries. The DIAC campus is host to over 18,000 students from more than 100 nationalities. DIAC students also have access to over 300 Higher Education programmes.
The number of students across the world pursuing tertiary education worldwide has been on the rise, reaching a skyrocketing 152.5 million in 2007, from a mere 28.6 million in 1970. To address the demand for tertiary education around the world, branch campuses have also increased by 43% between 2006 and 2009. The UAE, faced with a high demand for higher education, a fast growing population, and a need to build a knowledge-based economy in order to reduce dependency on petro-dollars, has managed to attract more foreign universities than any other country in the world.
While the UAE has become a hub catering to the booming demand for tertiary education, it has also been focusing on diversifying its industries, creating an increasing demand for an educated workforce and therefore offering considerable potential for universities/institutions to set up specific programmes, based on industry demand.
Major Benefits of Company Formation in DIAC (Dubai International Academic City Free Zone):
Dubai International Academic City, Dubai, (U.A.E.)
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.
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 for Dubai International Academic City Free Zone (DIAC) Company can be Individuals or Corporate entity,
Individuals only (Minimum one. Shareholder can also be Director)
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 report is not required to be filed with DIAC.
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.
DIAC (Dubai International Academic City Free Zone) Company Setup Process:
Documents Required for DIAC Company Registration:
The documents required for business set up in DIAC (Dubai International Academic City Free Zone) depends on whether a shareholder is individual or corporate entity. Basic requirements are
To know more about the complete requirements for company formation in Dubai International Academic City Free Zone (DIAC) call us now on 050-8992852 or drop an email to firstname.lastname@example.org
Company Formation Cost in DIAC:
DIAC Company Setup begins from AED 43,290/-.
Call us now on 050-8992852 or drop an email to email@example.com to know about special promotions/offers related to business setup in DIAC.
Other Notes for DIAC – Dubai International Academic City Free Zone Company Formation:
Global Business Services DMCC has helped many individuals and corporate entities to set up their businesses in DIAC. Our company acts as a one stop solution for DIAC company incorporation services.
If you are looking for DIAC company setup, please get in touch with us for professional assistance.
Call us now on 050-8992852 or drop an email to firstname.lastname@example.org to know about special promotions/offers related to business setup in DIAC (Dubai International Academic City Free Zone).
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.