Dubai International Academic City (DIAC)
Business Setup in Dubai International Academic City : DIAC stands as the biggest free zone globally. Moreover, it offers adequate and advanced support. The support provided significantly facilitates individuals in pursuing intellectual growth and higher education. Moreover, the comprehensive resources available position DIAC as an ideal hub for academic and personal advancement. This combination ensures a nurturing environment conducive to holistic development and scholarly pursuits.
It was launched successfully in April 2007 and designed to serve the needs of the diverse and growing academic community of the region. Since its launch, several international and regional universities and colleges have been established, catering to over 24,000 students coming from different parts of the world. Students benefit from an array of over 400 undergraduate and postgraduate programs. Moreover, DIAC continually expands and grows, tailoring its offerings to meet the requirements of its talented and robust academic community. This adaptability ensures a responsive and dynamic educational environment, fostering holistic growth and academic excellence.
Company formation types:
Free Zone Limited Liability Company (FZ-LLC)
Established as an independent legal entity, it operates with its own shareholders. However, the minimum capital needed for incorporation varies, contingent upon the nature of its business activities. This flexible approach enables tailored financial requirements suited to the entity’s specific operations and goals.
Branch of a Foreign/UAE Company
The branch is considered to be legally dependent upon its parent company, although the main headquarters of the company might not be based here. (Minimum capital is not required).
Freelancer
Specifically tailored for freelance professionals, a freelancer’s permit recognizes you as the sole practitioner. This permit grants the freedom to conduct business using your birth name instead of your brand name. This distinction ensures a personalized approach to your freelance endeavors, emphasizing individual expertise and identity.
Business advantages in DIAC:
- 100% foreign ownership
- 100% freedom from taxes
- 100% repatriation of profits
- Effortless visa and issuance procedures for students, staff, and faculty
Black Swan can help you in Business Setup in Dubai International Academic City
