Dubai Academic City was founded near Al Ruwayyah and is the world’s largest free zone for education. Dubai Academic City was developed by Tecom Investments in 2007. Its main objective is to expand the Emirates’ workforce and lay the foundations for a knowledge-based economy. Dubai Academic City is the first free zone dedicated to higher education. Dubai Academic City is home to many international branches and around 25,000 foreign students. There are over 400 higher education programs for students in the academic city.
The reason to start a company in Dubai Academic City?
Dubai Academic City has an area of 18 million square kilometers and is home to 25 academic international institutions. Apart from the skilled and well-trained workforce that foreign investors benefit from when opening a business in Dubai Academic City, there are other advantages, such as other free zones. Business people will be allowed to establish 100% foreign-owned companies and 100% tax exemptions from personal income and corporate income tax for 50 years. They will also benefit from customs exemptions. Other advantages for foreign entrepreneurs in Dubai Academic City are
- State of the art infrastructure,
- Access to the most modern technology systems,
- Assistance with the registration of companies,
- Quick and easy company incorporation,
- Business friendly atmosphere,
- Simple visa procedure.
For the registration of companies in Dubai Academic City you can depend on agents in Dubai.
Registration requirements for companies in Dubai Academic City
Business licenses in Dubai Academic City are issued by the Dubai Creative Clusters Authority, which issues documents for the following types of companies:
- Limited liability companies for free zones,
- Branch offices.
The minimum capital required to form a Limited Liability Company for Free Zones in Dubai Academic City is AED 50,000, but there are no minimum capital requirements for establishing branches. Individuals can also apply for free zone licenses if they establish sole proprietorships in Dubai Academic City. All licenses are valid for one year and are renewable.