|Dubai International Academic City|
A Member of TECOM Investments
P.O. Box 345045, Dubai International City, Dubai, UAE
Dubai International Academic City (DIAC)
Dubai International Academic City (DIAC) is the worldвЂ™s only Free Zone dedicated to Higher Education. Dubai International Academic City was launched in April, 2007 in response to the tremendous growth witnessed by Universities in the Dubai Knowledge Village campus.
DIAC was set up on an 18 million sq. ft campus in order to create a-self contained and vibrant environment catering exclusively to the needs of the academic community. The campus was developed to accommodate the needs of many academic partners to expand their campuses, due to the growth of the education sector and influx of students in Dubai.
From humble beginnings in 2007 with 10 universities, experiencing growth into 2010 with 27 regional and international universities, it can be seen that DIAC has catered to the needs of the region.
There are now universities from 11 different countries and we now have over 20,000 students from our modest beginnings in 2007 with 2,500 students.
In 2007, there were 36 degree programmes being offered and now the number stands at over 300 degree programmes.
The growth of DIAC continues into 2011 with many of the academic partners moving to purpose-built campuses within the DIAC free zone. DIAC along with its academic partners are also looking to offer more programmes catering to the workforce planning needs of the UAE.
Dubai International Academic City (DIAC) is the worldвЂ™s only Free Zone dedicated to Higher Education. DIAC is part of TECOM InvestmentsвЂ™ Education Cluster, along with Dubai Knowledge Village and was established in 2007.
DIAC is located on a fully-appointed 18 million sq ft. campus with 27 Academic institutions from 11 countries.
Below is a list of some of the major benefits of having your business operations within DIAC.
Free Zone Benefits
- 100% foreign ownership
- Full repatriation of profits and capital are permitted
- 100% Tax Free - Guaranteed 50-year exemption from personal, income and corporate taxes
- Exemption from customs duty for goods and services
Unique Cluster Environment
- A unique cluster environment where businesses across the industry value chain share a work campus dedicated to their industry, and can interact and collaborate effectively
- Communities that are anchored by leading global, regional and local names in the industry
- Simple and streamlined company registration
- Business-friendly company laws and legal framework
- One-stopвЂ“shop services that provide business partners with a variety of government services, including licensing, visa, traffic and postal services
- 24-hour visa service
- Quick access to Knowledge Workers due to fast-track immigration process
World Class Infrastructure
- State of the art technical and community infrastructure to support and foster the growth of the cluster
Dubai International Academic City is located and operates within the jurisdiction of Dubai Technology & Media Free Zone (the вЂњFree ZoneвЂќ). The Free Zone was established in 2000 by a decree and has a distinct legal status in the UAE.
The Free Zone is regulated by an independent government body, Dubai Technology & Media Free Zone Authority (DTMFZA). DTMFZA develops and implements transparent regulations, in accordance with international standards, which ensure that the companies operating in The Free Zone are able to compete effectively, globally.
The laws and regulations that apply to companies operating in The Free Zone are described clearly in DTMFZAs website.
What DIAC Offers
DIAC offers a variety of products for potential clients:
Educational: These plots are meant for building educational institutions (i.e. universities, vocational colleges etc)Mixed-Use: Mixed-use plots can be used for building residential apartments or any mixed use applications.Student Accommodation: Student Accommodation plots are for building accommodation and dormitory facilities for
universities and colleges.Retail: Retail plots are for shopping centers, super markets etc.Hotel: For building Hotels.* All the above plots are available for lease of a period of 50 years.
Commercial Floor Space
Our built-up floor space can be used by entities which meet our licensing requirements
The DIAC Business Center offers a selection of products and services ranging from hot desk to fully furnished complete office environments.
Hot Desk - A Hot desk is a shared office desk that can be used by more than one client. A hot desk is perfect for Freelancers looking to have a space to complete office work such as email, browsing, printing and calling. Hot desk clients are eligible for one visa per freelancer.Executive Desk вЂ“ Executive Desks are furnished with one desk and chair, and a storage pedestal and cabinet with key. Each open office has a partition running from floor to shoulder height between desks to offer privacy, within a shared environment. Executive Desk clients are eligible for 2 visas per desk. Typical desk cabin size is approximately 100 sq.ftExecutive Office (Type 1) - An executive office is furnished with one executive desk and chair, visitor chairs, a storage cabinet and pedestal. Typical office sizes range from 100 to 250 sq ft.Executive Office (Type 2) - The Executive Suite offers a full-fledged furnished office environment, within the Business Centre, which includes once executive table with chairs, visitors couch, a storage cabinet and pedestal. Typical desk cabin size is 281 sq.ftFitted Out Commercial Space - A Fitted out Commercial Space offers the upper end for a business environment. From open areas fitted with desks, chairs and table, to projectors and audio visual systems, we have something to offer you. All floors are fully carpeted and have false ceilings with full provisions for Internet, telephone, IT services and electricity.
Retail and Kiosk Space
Licensing Options within DIAC
Dubai Technology & Media Free Zone Authority (DTMFZA) approves the establishment and registration of companies in DIAC and regulates all related procedures and matters. Dubai Technology and Media Free Zone Authority offers a choice of commercial license options:
New Incorporation of a Free Zone Limited Liability Company (FZ-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. There is a minimum paid up capital requirement of AED 50,000.
Branch of an Existing Foreign/UAE Company
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 parentвЂ™s business. No share capital is required.
The Freelance Permit offers the ability to operate as a freelance professional. The Permit identifies you as a sole practitioner and enables you to conduct your business in your birth name as opposed to a brand name.
Commercial licenses and freelance permits issued by Dubai Technology and Media Free Zone Authority are subject to leasing a facility within the Dubai Technology and Media Free Zone and the license is valid only for operating a business inside the Free Zone territory. Licenses and permits are for a period of one year and are renewable on an annual basis.
Commercial licenses and permits are issued to all businesses registered within DIAC, to allow specific approved business activities in compliance with the Dubai Technology and Media Free Zone Licensing Regulations. Please click here to view the segment and activities permitted in DIAC.
Businesses from the following sectors may apply to become part of the DIAC business community:
Dubai International Academic City
- Higher Education Provider
- Online University
- Educational Service Provider
- Non-Academic Services Provider
- Branch School
- Boarding School
- Insurance Service Provider
- Courier Services
- Travel Agency
Regional Head Quarters
- Legal Consultants
- Lawyers & Advocates
- Auditing of Accounts
Hotels and Leisure Services
- Marketing Office
- Representative Office
- Call Centre
Property Management Services
- Hotels and serviced apartments licensed in accordance with Decision No. 2 of 2006.
- Administration Office
- Commercial Developer
- Property Management