Dubai International Academic City: Business Setup in DIAC

2. Dubai International Academic City: Business Setup in DIAC Dubai Dubai International International Academic Academic City City (DIAC) (DIAC) is is a a free free zone zone fully fully dedicated dedicated to to higher higher education education and and intellectual intellectual growth growth. . Launched Launched in in 2007 2007, , it it aims aims to to fulfill fulfill the the needs needs of of the the academic academic community community. . A A plethora plethora of of regional regional and and international international colleges colleges and and universities universities are are located located here here. . There There are are over over 27 27, ,000 000 students, students, and and it it offers offers more more than than 500 500 undergraduate undergraduate and and post post- -graduate graduate programs programs. . DIAC DIAC has has 18 18 million million sq sq ft ft. . campus campus with withmodern modernfacilities facilities. .

3. DIAC is suitable for the following types of ventures Academic institutions Universities including online universities Non-academic institutions Proprietors 3

4. DIAC is suitable for the following types of ventures Boarding schools Consulting firms Commercial developers Insurance companies

5. Types of Licenses available at DIAC Types of Licenses available at DIAC 3 4 1 2 Free Zone Free Zone Limited Liability Limited Liability Company Company Branch Branch office UAE UAECompany Company office of of a a Branch Branch office Foreign ForeignCompany Company office of of a a Freelance FreelancePermit Permit The permit individual liberty to operate as a professional. freelance gives Thebranchoffice of a foreign company has no minimum share prerequisites; it is 51% locallyowned. The branch office of a UAE Company does not have a separate legal identity, and it conducts operations of the parent business. A free zone limited liability company has an independent legal status. It is required to have at least one director to form an FZ-LLC an the capital freelance company’s

6. The Benefits of Business setup in DIAC The Benefits of Business setup in DIAC Complete freedom from taxes Free of all import and export duties 100% foreign ownership 100% repatriation of profits

7. The Benefits of Business setup in DIAC The Benefits of Business setup in DIAC Ease in obtaining a visa for students, staff, and faculties Operational are very low costs Availability offices, and warehouses of factories,

8. DIAC BUSINESS SET DIAC BUSINESS SET- -UP PROCESS UP PROCESS Submission of 01 01 application 02 02 03 03 Submission of documents Signature and Collection and the necessary payment

9. Documents Required for DIAC Business Set Documents Required for DIAC Business Set- -up up Registration Application Form License Application form Required Required Documents Documents Business Plan Valid copies of the passport & visas of the manager of the proposed company, directors, and the legal representatives A copy of the Certificate of Incorporation

10. The following documents are to be signed to The following documents are to be signed to complete the process complete the process Articles of Association 2 License 05 05 03 03 01 01 02 02 04 04 Office Lease Memorandum of Association Certificate of Incorporation 1 3

11. Facilities available Facilities available Land Land 01 Different land options are provided to partners, including education, mixed-use, retail and hotel plots, and student accommodation. The plots are selected, keeping in mind the needs of educational institutions, accommodation, residential apartments, and dormitory facilities, and supermarkets, and shoppingcenters. 02 Commercial Floor Space Commercial Floor Space The space is available for all entities that meet the license requirements. Business Centre Business Centre 03 The Business Center offers a range of products and services like hot desks to fully furnished complete office environments.

12. Facilities available Facilities available Business Centre Business Centre Executive Desk Hot Desk Executive Desks come with one desk and chair along with a storage pedestal and a cabinet with key. Each of the open offices has a partition that runs from floor to shoulder height between the desks to provide privacy within environment. Executive Desk clients are also eligible for two visas per desk. The cabin size of a typical desk is approximately 100 sq.ft. A Hot desk is a shared office desk, and more than one individual can use it. It is perfect for Freelancers who are looking to have a space to complete the office work such as email, printing, browsing, and calling. Hot desk clients are also eligible for one visa per freelancer. such a shared

13. Business Centre Business Centre Executive Office (Type 2) Executive Office (Type 2) This is an Executive Suite that offers a full-fledged furnished office environment within the Business Centre, including once executive table visitors couch, a storage cabinet, and pedestal. The typical desk cabin sizeis 281 sq.ft. Executive Office (Type 1) Executive Office (Type 1) An executive office basically comes with one executive desk and chair, a storage cabinet, visitor chairs, and pedestal. The conventional office sizes range from 100 to250 sq.ft. Fitted Out Commercial Space Fitted Out Commercial Space A Fitted out Commercial Space offers the upper end environment. Open areas fitted with desks, projectors, chairs, and table and audio-visual provided. with chairs, for a business systems are

14. DIAC Academic Partners DIAC Academic Partners American University in the American University in the Emirates (AUE) Emirates (AUE) Institute of Management Institute of Management Technology, Dubai Technology, Dubai Manchester Business Manchester Business School School S P Jain School of Global S P Jain School of Global Management Management BITS BITS Pilani PilaniUniversity, Dubai Dubai University, Manipal University, Dubai Manipal University, Dubai

15. DIAC Academic Partners DIAC Academic Partners Hult HultInternational Business International Business School School Amity University, Dubai Amity University, Dubai University of Birmingham, University of Birmingham, Dubai Dubai Abu Dhabi University Abu Dhabi University

16. Frequently Asked Questions Frequently Asked Questions Is there any corporate, personal, or withholding tax Is there any corporate, personal, or withholding tax applicable to companies formed in DIAC? applicable to companies formed in DIAC? No, there is no corporate, personal, or withholding tax applicable to companies formed in DIAC Is 100% foreign ownership permitted for businesses Is 100% foreign ownership permitted for businesses set up in DIAC? set up in DIAC? Yes. 100% foreign ownership is permitted for companies registered in DIAC. Is there freedom to recruit expatriates? Is there freedom to recruit expatriates? Yes, a DIAC company can recruit anyone, and there is no restriction on the hiring of expatriates.

17. NR Doshi and Partners: Dubai International NR Doshi and Partners: Dubai International Academic City Company Formation Service Academic City Company Formation Service We help our clients in seeking all approvals and issuance of licenses. We assist at every step of the visa application process and bank account opening. We have a team of business setup consultants that guide our clients at every step in the company formation at DIAC and in the final submissions of all requirements. Contact us now to set up a DIAC company!

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