Dubai Academic City
Academic City, widely known as Dubai International Academic City or DIAC, is situated along the southern outskirts of Dubai. It was officially launched in the year 2007 by TECOM Group. In the pursuit of intellectual growth and to cater to the needs of the diverse academic community, this remarkable project materialized in 2012.Home to numerous regional and international colleges and universities, it serves over 24,000 students from all around the world. With more than 400 undergraduate and post-graduate programmers currently offered to students, DIAC continues to expand and grow as per the needs of its robust and talented academic community.
Company formation types
1. Free Zone Limited Liability Company (FZ-LLC)
This is a company formed as an independent legal entity with its own shareholders. The minimum capital requirement for incorporation depends on the business activity.
2. Branch of a Foreign/UAE Company
A branch is considered a legally dependent part of its parent company, even if its place of business is not in the main company’s headquarters. (No minimum capital required).
3. Freelancer
The Freelance permit offers the ability to operate as a freelance professional The permit identifies you as a sole practitioner It enables you to conduct your business in your birth name as opposed to a brand name.
Business advantages in DIAC
1. Free Zone Limited Liability Company (FZ-LLC)
This is a company formed as an independent legal entity with its own shareholders. The minimum capital requirement for incorporation depends on the business activity.
2. Branch of a Foreign/UAE Company
A branch is considered a legally dependent part of its parent company, even if its place of business is not in the main company’s headquarters. (No minimum capital required).
3. Freelancer
The Freelance permit offers the ability to operate as a freelance professional The permit identifies you as a sole practitioner It enables you to conduct your business in your birth name as opposed to a brand name.
Business advantages in DIAC
- • 100% foreign ownership.
- • 100% Freedom from taxes.
- • 100% Repatriation of profits.
- • Effortless visa issuance procedures for students, staffs and faculties.
