Why invest in an educational institution in the UAE?

The UAE has more than 300,000 college students from 187 different countries taking 18 different types of courses, according to the latest government data. Even though the British, Indian, and American curricula are the most popular, many students like the International Baccalaureate (IB) and UAE Ministry of Education curricula, among others.

So, there are a lot of ways for educators to make money in the business of getting young minds ready for a better future.

According to a study done by the consulting firm EY-Parthenon, setting up an educational institution in the UAE is much easier than in countries like Singapore and Malaysia when it comes to getting into the country and getting the right permissions from the right people.

The other good things about investing in a business in the UAE are that 100% of the company can be owned by foreigners and that there are convenient educational zones.

Steps to setting up a higher education institution

In the UAE, starting an educational business is the same as starting any other business. But this may require a lot of paperwork and approvals from more people. What you have to do is:

Get required approvals

Depending on which emirate you want your school to be in, you need permission from different authorities. For example, if you choose Ras Al Khaimah, you need approvals from the Ministry of Education, the Department of Economic Development, and the Ras Al Khaimah Economic Zone, if you are renting land to build your facility (RAKEZ).

Establish your company

Register your business, get a licence, and rent a building or piece of land that is already set up for your institution.

Build your facility

If you are building a facility, you need to get pre-requisite approvals and building permits before and after your project is done.

Obtain UAE visas

Get your partners/investors, managers, and planning staff in the country to start the first work.

Open a bank account and obtain funds

Talk to local banks and open a bank account for your business so you can apply for loans and keep your business funds in a safe place.

Begin operations

Now that your business, facility, and employees are all legal, you are ready to let people in.

Hire academic faculty

Depending on how you run your business, you may give many people jobs at different levels. You can hire people from any country in the world to work in the UAE.

Ras Al Khaimah (RAK) – The ideal destination for your educational business

Ras Al Khaimah’s education system tries to meet the needs of its residents and the growing number of expatriates. This has led to more people enrolling in private schools that offer affordable and appealing prices.

If you want to start an education business in Ras Al Khaimah, you need to think about what kind of school to open and what courses to teach.

Preferred higher educational institutes in RAK

• Private K–12 school : Good for business owners who want to invest in or run a private school.
• Higher education institution : Setting up an international university branch is the best option. This is a popular choice for people who want to bring world-class learning opportunities to the UAE and help students get ready to enter the workforce.

Higher education programmes in demand at RAK

The need for STEM (science, technology, engineering, and mathematics) programmes in the emirate has increased in recent years.

• Computer science
• Electrical engineering
• Industrial engineering
• Environmental management
• Aviation sciences
• Supply chain and logistics
• Tourism and event management
• Data analytics/Artificial Intelligence

Higher education institutions will have to adapt by introducing new courses to meet the evolving demands of the market:

• Big data and data science
• Travel, tourism and hospitality
• Smart manufacturing
• Fintech
• Media and communications
• Sustainability
• Cybersecurity

RAKEZ Academic Zone

The UAE’s RAKEZ Academic Zone is a bustling centre for local and international educational organisations. Ras Al Khaimah, the United Arab Emirates, and the wider Gulf area all stand to profit from the presence of high-quality educational institutions like those found in the Academic Zone, which was set up to attract and sustain them.

Academic Zone streamlines the process of starting a business, offers a wide variety of locations to lease buildings or land on which to construct and run a school, college, or training institution, and provides expert advice and guidance at every stage, from researching the local market to establishing and maintaining operations.

Black Swan can help you in RAK Free Zone Business setup, Get a free consultation today by filling up the form below.

Tags : Education Institution Setup Dubai, RAKEZ , RAK Free Zone Business setup, Professional License Dubai, Business Incorporation Dubai, Business Setup Dubai, Company Formation Dubai, Company Registration Dubai, Dubai Freezone Company Formation, Dubai Mainland Company Formation

Originally posted 2022-10-28 07:01:13.