About 10 million people from all over the world live in the UAE. They like the place to live, work, and play. Education is a key part of a country's ability to be a good place to live. The article below will help investors figure out the scope, benefits, requirements, and steps for setting up a business for education providers.
The UAE has more than 300,000 college students from 187 different countries taking 18 different types of courses, according to the latest government data. Even though the British, Indian, and American curricula are the most popular, many students like the International Baccalaureate (IB) and UAE Ministry of Education curricula, among others.
So, there are a lot of ways for educators to make money in the business of getting young minds ready for a better future.
According to a study done by the consulting firm EY-Parthenon, setting up an educational institution in the UAE is much easier than in countries like Singapore and Malaysia when it comes to getting into the country and getting the right permissions from the right people.
The other good things about investing in a business in the UAE are that 100% of the company can be owned by foreigners and that there are convenient educational zones.
Steps to setting up a higher education institution
In the UAE, starting an educational business is the same as starting any other business. But this may require a lot of paperwork and approvals from more people. What you have to do is:Get required approvals
Depending on which emirate you want your school to be in, you need permission from different authorities. For example, if you choose Ras Al Khaimah, you need approvals from the Ministry of Education, the Department of Economic Development, and the Ras Al Khaimah Economic Zone, if you are renting land to build your facility (RAKEZ).Establish your company
Register your business, get a licence, and rent a building or piece of land that is already set up for your institution.Build your facility
If you are building a facility, you need to get pre-requisite approvals and building permits before and after your project is done.Obtain UAE visas
Get your partners/investors, managers, and planning staff in the country to start the first work.Open a bank account and obtain funds
Talk to local banks and open a bank account for your business so you can apply for loans and keep your business funds in a safe place.Begin operations
Now that your business, facility, and employees are all legal, you are ready to let people in.Hire academic faculty
Depending on how you run your business, you may give many people jobs at different levels. You can hire people from any country in the world to work in the UAE.Ras Al Khaimah (RAK) – The ideal destination for your educational business
Ras Al Khaimah's education system tries to meet the needs of its residents and the growing number of expatriates. This has led to more people enrolling in private schools that offer affordable and appealing prices. If you want to start an education business in Ras Al Khaimah, you need to think about what kind of school to open and what courses to teach.Preferred higher educational institutes in RAK
- Private K–12 school : Good for business owners who want to invest in or run a private school.
- Higher education institution : Setting up an international university branch is the best option. This is a popular choice for people who want to bring world-class learning opportunities to the UAE and help students get ready to enter the workforce.
Higher education programmes in demand at RAK
The need for STEM (science, technology, engineering, and mathematics) programmes in the emirate has increased in recent years.- Computer science
- Electrical engineering
- Industrial engineering
- Environmental management
- Aviation sciences
- Supply chain and logistics
- Tourism and event management
- Data analytics/Artificial Intelligence
- Big data and data science
- Travel, tourism and hospitality
- Smart manufacturing
- Fintech
- Media and communications
- Sustainability
- Cybersecurity
RAKEZ Academic Zone
The UAE's RAKEZ Academic Zone is a bustling centre for local and international educational organisations. Ras Al Khaimah, the United Arab Emirates, and the wider Gulf area all stand to profit from the presence of high-quality educational institutions like those found in the Academic Zone, which was set up to attract and sustain them. Academic Zone streamlines the process of starting a business, offers a wide variety of locations to lease buildings or land on which to construct and run a school, college, or training institution, and provides expert advice and guidance at every stage, from researching the local market to establishing and maintaining operations. Black Swan can help you in RAK Free Zone Business setup, Get a free consultation today by filling up the form below. Tags : Education Institution Setup Dubai, RAKEZ , RAK Free Zone Business setup, Professional License Dubai, Business Incorporation Dubai, Business Setup Dubai, Company Formation Dubai, Company Registration Dubai, Dubai Freezone Company Formation, Dubai Mainland Company Formation
Opening an Educational Institution in Dubai is a good option if you're an aspiring entrepreneur looking to stand out from the crowd. The plan to establish a school is a very developed one. That's why it's important to conduct market research so that you can put your concept to good use.
Doing thorough Institute and development is crucial for setting up a school business in Dubai. More people will visit the area whenever a university is established there. The government of the UAE can be a significant factor in the long-term improvement of the educational system as a whole.
In the UAE, the need for good education is getting bigger and bigger. Business leaders in the education field say that demand is already higher than supply. Because of this, education providers who offer the kind of education that people in the UAE want can expect to make money in the coming years. Dubai has a unique identity because it is a bridge between the East and the West. It is also a new and lively area. As a major centre for trade and finance, it has a good name around the world and continues to offer great investment opportunities.
Focusing on long-term economic growth, successful social development policies do things like find, train, and keep qualified people from both inside and outside the country. For this to happen, high-quality private education must keep getting better and better. Education that meets international standards is one of the most important parts of social infrastructure that must continue to change and grow.
Knowledge and Human Development Authority (KHDA)
The KHDA was set up in 2006 to run the private education system in Dubai. It is run separately from the rest of the UAE, and before a new company can start doing business, it has to take a number of steps. When compared to the other emirates, Dubai has always been the centre of education in the UAE. There are a lot more private and international schools in Dubai than in any other emirate. The government of Dubai created the KHDA to make sure that providers offer a high-quality education. The KHDA has the right to inspect schools, rate them in public, and punish organisations that don't do their jobs well. KHDA makes sure that high-quality technical and vocational education is available, so that Dubai residents and employers can get the education they need.Higher Educational Institutes Licensing Process in Dubai
To get a permit or licence for a higher education institution in Dubai, you must submit the documents listed below and follow the steps given:- Creating an account on the website for the Ministry of Education (MOE)
- The MOE is looking at the application.
- Getting together with people from educational institutions
- A committee from outside the school will visit and evaluate it.
- There will be a review made and sent to the institute.
- The institute's answer to the committee's report
- The report will be sent back to you. If the committee's suggestions are not taken into account
- Institute will reply to the committee when all of their suggestions have been taken care of.
- A letter of recommendation for licencing will be sent to the office of the deputy minister.