Faic Business Consultancy JLT

Email: info@faicdubai.com

Dubai International Academic City

Dubai International Academic City - (abbreviated DIAC) is the world's pioneer Free Zone in the area of ​​higher education. Established in 2007 as part of TECOM Investments, it is designed to attract a large number of talented people in the region and ensure the development of the UAE economy in the scientific and intellectual direction. DIAC area is composed of 18 million square feet with 27 universities from 11 countries, with an enrollment of 18,000 students from around the world and has access to more than 400 higher education programs.

Dubai International Academic City offers a wide-developed infrastructure. Its territory is full of restaurants, shops, including bookstores, lounges and more. The host partners of the area under construction are institutes, schools and other educational institutions, housing, shops, hotels, ready to rent out rooms, a business center equipped with the latest technology, space for shops, ATMs, kiosks, beauty salons, restaurants, etc.

• Commercial license
• Freelance license

Activities allowed on the Free economic Zone are:
• Higher education institutions
• Online University
• Services in the field of education
• Services in areas not related to education
• Freelance
• Branch of a School
• School

Types of companies:
• Branch of a local or foreign company
• FZ-LLC (New Incorporation of a Free Zone Limited Liability Company) – independent separate organization, in which the shareholder can be individual or corporate.

Key benefits to set up business in DIAC:
• 100% foreign ownership
• Self-distribution of profits and capital
• Full exemption from taxes for 50 years
• No customs duties on goods and services

Registration process
The registration procedure takes 1-2 weeks. The minimum share capital for companies such as FZ-LLC is 50,000 dirhams (about 13,700 U.S. dollars). To register a branch of the authorized capital is required.

Read 2317 times Last modified on Saturday, 02 March 2013 21:57
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Our address

Faic Dubai, Unit № 605-4, BB1 Tower, Level 6 - Mazaya Business Avenue, Diamond Business Center DMCC ("DBC"), Jumeirah Lakes Towers, Dubai, UAE

Mail: info@faicdubai.com