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Dubai International Academic City

Auditors in Dubai International Academic City

Due to its easy visa processes, abundance of reputable universities, affordable travel expenses, and cultural familiarity for regional students, the UAE has emerged as a particularly appealing destination for international students. In its efforts to draw international branch campuses and create self-sustaining education and training campuses, Dubai has perhaps been the Middle East's and the world's most active law. The United Arab Emirates has surpassed the United Kingdom to become the third most popular education destination for students from the Middle East, behind only the United States and France, according to UNESCO.

Reyson Badger is the best auditors in Dubai International Academic City. Wehave been providing audit services to businesses and organizations in this city for more than 15 years now. Our experts know how to get the most out of audits. Reyson Badger is a professional organization that prides itself on its high standards of quality work.

Dubai International Academic City 

Dubai International Academic City (DIAC) is a free educational zone established by the Dubai Development Authority. DIAC, which was founded in 2007, is also known colloquially as Academic City. It covers an urban area of nearly 3000 acres and spans 12 square kilometres.

Currently, Dubai International Academic City offers over 500 bachelor, master, and doctoral programmes in business, engineering, general sciences, humanities, management, medical sciences, and technology to an international community of over 150 countries, with a student body of 27,500 and growing. While the costs of providing programmes at DIAC, including rent, are borne by the institution, campuses retain 100 percent ownership of their operations and are able to fully repatriate profits free of taxes and customs duties.

Some well-known universities with a DIAC campus include:

American University, British University, Amity University, University of Birmingham, HULT International Business School, Heriot-Watt University, University of Wollongong, Murdoch University, BITS Pilani, Middlesex University, and The University of Manchester - Manchester Business School are some of the universities that offer MBA programmes.

Academic Business Solutions That Are Unique:

The integrated infrastructure and supportive environment of Dubai International Academic City have made it the region's most sought-after academic hub.

Commercial Spaces: Select from a wide range of managed, flexible, and strategically located offices and custom campuses to meet your requirements.

Co-Working Spaces: Completely integrated and ready-to-use business infrastructure that allows all types of businesses and freelancers to thrive.

What types of businesses can be established in Dubai International Academic City?

DIAC provides business licences to the following types of businesses:

  • The formation of a new Free Zone Limited Liability Company (FZ-LLC)
  • A branch of an existing foreign/UAE firm
  • Permit for freelancing
  • Licenses and permits are valid for one year and can be renewed on an annual basis. DIAC provides a variety of office space options, including fitted and non-fitted offices in a variety of sizes and locations to meet your specific business needs.

 

Other important aspects of DIAC to remember:

  • You can transfer your licence to DIAC from another free zone.
  • A company can sponsor one employee per 80 square feet of leased space to ensure a safe and proper working environment.
  • In Dubai International Academic City, you can attend exhibitions, workshops, career fairs, networking events, sport cups, and other activities.
  • DIAC provides assistance in terms of course offerings and student population demands.
  • DIAC also provides incubator services, allowing academic institutions to start small in order to gauge the market and grow from the ground up.

 

The following are the advantages of establishing a business in Dubai International Academic City:

  • 100% ownership by a foreign company
  • Exemption from all taxes
  • Repatriation of all capital and profits
  • Simple visa application process for students, staff, and faculty

 

Corporate tax implications for businesses in Dubai International Academic City

The corporate tax law will apply to all companies registered in the UAE, including free zones. The UAE Corporate tax will be implemented for businesses in the UAE for the fiscal year beginning on or after 1 June 2023.

As long as they abide by all free zone rules and regulations and don't conduct any business with mainland firms, corporate tax will be levied at 0% on the taxable income (adjusted net profit) of businesses operating in the free zones; otherwise, 9% corporate tax may be applied to taxable income (adjusted net profit) in excess of AED 375,000. To take advantage of the zero percent UAE corporate tax benefit, businesses in the free zones must ensure that they are adhering to all free zone regulations and are not transacting business with mainland entities.

Why Choose Reyson Badger?

The process of company formation and company liquidation are areas of expertise for the team of Reyson Badger. Serving the customers is what we are most passionate about, and we strive for complete customer satisfaction. We are registered auditors with the Ministry of Economy in the United Arab Emirates, and we are also registered tax agents with the Federal Tax Agency in Dubai. We offer specialised audit, accounting, and tax services, as well as various business advisory services that adhere to regulatory standards.

Reach out to us for a hassle-free journey in Dubai, United Arab Emirates. The legal processes associated with registering and de-registering your business in Dubai International Academic City will be handled for you by Reyson Badger.

 

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