Dubai International Academic City Free Zone

Dubai International Academic City (DIAC) is a deregulation zone for organizations associated with the instruction area. It is the world's biggest free zone which is devoted to advanced education. DIAC was set up in 2007 with the point of serving the district's different sprouting and extending the scholastic network. Currently, it’s serving around 24,000 students from all around the globe by being home to several national and international colleges and has approximately 400 undergraduate and postgraduate programs. Continuing to grow and expand as per the need of its robust and talented academic community is the foremost goal of DIAC.

Procedure to Set Up a Business in DIAC

  1. Submission of business application form for approval
  2. Submission of legal documents for company registration
  3. Signing and returning of the customer confirmation letter
  4. Settlement of payments
  5. Signing the Memorandum and Articles of Association (MAA)
  6. Deposition of the share capital
  7. Signing the lease
  8. Agreement of personnel sponsorship

Documents Required to Set Up a Business in DIAC

  • Company registration application
  • Personal details of the shareholder
  • Original Memorandum and Articles of Association
  • Board resolution
  • Passport copies of the shareholder, manager and director
  • Specimen signature of the manager and director
  • No-Objection Certificate (NOC) from the residency visa sponsor
  • Proof of share capital
  • Registration and license fee

Key Benefits of Setting up a Business in DIAC

  • 100% tax exemption
  • 100% foreign ownership
  • Full repatriation of capital and profits
  • Exemption from customs duty for goods and services
  • Unique cluster environment
  • State-of-the-art technology and community infrastructure
  • Ideal academic and business-friendly environment
  • Flexible solutions for business partners
  • Simple and streamlined company registration
  • One-stop shop for government services
  • 24-hour visa service
  • Quick immigration process

DIAC is looking to extend its domain by welcoming scholastic foundations and associations that are in accordance with the vision of encouraging training and exploration. With long stretches of understanding and a solid duty to building up the UAE's training framework, DIAC can be viewed as your confided in accomplice in offering the absolute best in global instruction. In this way, on the off chance that you are anticipating setting up your business, at that point you are progressing nicely.