Dubai International Academic City (DIAC) is the world’s only 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. The intention is for Academic City to be a base for schools, colleges and universities, while Knowledge Village will house training institutes and educational service organizations.
COMPANY FORMATION BENEFITS:
- 100% foreign ownership
- full repatriation of profits and capital
- 100% tax free
- guaranteed 50-year exemption from personal, income and corporate taxes
- exemption from customs duty for goods and services
PRODUCTS OFFERED IN DIAC FREEZONE:
DIAC provides different land options to partners including education, mixed-use, student accommodation, retail and hotel plots.
Commercial floors are offered to entities which meet licensing requirements of DIAC.
The DIAC Business Center offers a selection of products and services ranging from hot desk to fully furnished complete office environments.
TYPES OF LICENSES IN DUBAI INTERNATIONAL ACADEMIC CITY:
- Academic Service Provider
- Educational Services Provider