DUBAI INTERNATIONAL ACADEMIC CITY
Dubai International Academic City (DIAC) is the world’s largest Free Zone dedicated to Higher Education. Established in 2007 as part of TECOM Investments, DIAC aims to develop the region’s talent pool and establish the UAE as a knowledge-based economy.
DIAC is the premier destination for Higher Education in the region, located on a fully-appointed 18 million sq. ft. campus with state-of-the-art modern facilities.
DIAC currently has a large selection of multi-tiered International Branch Campuses (IBC’s), from 10 different nationalities and is host to a community of over 20,000 students from 125 nationalities who have access to over 400 Higher Education programs.
BUSINESS IN Dubai International Academic City
The number of students across the world pursuing tertiary education worldwide has been on the rise, reaching a skyrocketing 152.5 million in 2007, from a mere 28.6 million in 1970. To address the demand for tertiary education around the world, branch campuses have also increased by 43% between 2006 and 2009. The UAE, faced with a high demand for higher education, a fast-growing population, and a need to build a knowledge-based economy in order to reduce dependency on petro-dollars, has managed to attract more foreign universities than any other country in the world.
While the UAE has become a hub catering to the booming demand for tertiary education, it has also been focusing on diversifying its industries, creating an increasing demand for an educated workforce and therefore offering considerable potential for universities/ institutions to set up specific programs, based on industry demand.
In that process, the United Arab Emirates has become over the recent years, the number one host for higher education universities from all over the world. In fact, the UAE is host to 40 international branch campuses, representing 25% of all international branch campuses worldwide and making the country one of the most attractive markets for higher education.
Dubai International Academic City company type
- Free Zone LLC : A FZ-LLC is formed as a separate legal entity, with shareholders as individuals and/or entities. Each FZ-LLC is required to have at least one director.
- Branch : A branch of a foreign or a UAE company is not a legal entity separate from its parent but is considered a place of business that forms a legally dependent part of the parent company and conducts all or some of the operations inherent in the parent’s business. No share capital is required.
- Freelancer : The Freelancer Permit offers the ability to operate as a freelance professional i.e., as a sole practitioner that enables the individual to conduct business in their birth name as opposed to a brand name.
Dubai International Academic City License type
- New Incorporation of a Dubai Free Zone Limited Liability Company (FZ-LLC)
- Branch of an Existing Foreign/UAE Company
- Freelance permit
|Dubai International Academic City|
|About the free zone||Dubai International Academic City (DIAC) is the world’s largest Free Zone dedicated to Higher Education. It aims to develop the region’s talent pool and establish the UAE as a knowledge-based economy. DIAC houses several multi-tiered International Branch Campuses on its 18 million sq. ft. campus with state-of-the-art modern facilities. It is a host to a community of over 20,000 students from 125 nationalities and over 400 Higher Education programs.|
|Number of companies||Over 100|
|Industry focus||Higher education|
|Limited liability companies||Yes|
|Minimum number of shareholders required||1|
|Minimum number of directors required||1|
|Corporate shareholders allowed||Yes|
|Corporate directors allowed||–|
|Public register of shareholders and directors||NO|
|Access to UAE Double Taxation Treaties||Yes|
|Port at freezone||No|
|Allowed to import and export goods||Yes|
|Commercial offices||Available as commercial offices, food courts and retail stores.|
|Accommodation facility||Accommodation facility for students|
|Major companies example||Dubai Aviation College, French Fashion University, Indian Institute of Management Indore, S P Jain Center of Management, Michigan State University|