Now the traditional education system of teaching has shifted its base from classroom to online classrooms using video conferencing apps.

Growth of Online Education

The online education sector in the UAE was worth USD 4.4 billion in 2017 and is expected to grow to USD 7.1 billion by 2023. There is an immense business opportunity in this segment ranging from providing tutor and coaches support to educational tool creation, curriculum planners, and online training centers.

Specifically, in UAE, there are a host of benefits for the investors starting an online education institute that is 100% foreign ownership, no income tax, supporting business environment, and more.

How to start an Online Education Business?

To start an online Education Business in UAE, getting the support of a top-rated business consultant is ideal. It will help to save time and money eventually.

For entrepreneurs who are new to UAE, the company setup process could be tedious due to the documentation and clearance required for setting up an online education business.

Experienced Business Consultants like Aurion will guide you by providing the right Free Zone or mainland according to your business objectives, budget, and other requirements.

Steps to Set up an Online Education Business in UAE

To setup an Online Education Business in UAE there are certain steps to follow. The investor must get pre-approval from the regulatory authorities to proceed with the issuance of Online Education Business License. It can be easily obtained by seeking assistance of AURION.

Let’s look at the basic steps in setting up an Online Education Business in the UAE

1. Selecting the Right Business Activities

Under the education sector, there are many subcategories like online tutoring, learning material preparation, etc. Choose the right category which suits your Online Education Business in UAE.

The investor must choose the desired business activities from the list of activities permitted by the respect free zones.

2. Decide on the Company Name

Finalize three names and send them for approval by the Free Zone authorities. Get one name approved out of the three names for your business from the respective authorities.

Choose the Name with due diligence as this name would be your business name and eventually the brand name of your company.

3. Choose the right Business Jurisdictions

Entrepreneurs must choose the right business jurisdiction for the education business depending on the specific requirements.

For example, for a training institute, it is best to be on the mainland close to residential areas or a well know location in UAE for students to easily come in.

There are many business Centres in the mainland of Dubai that offer an attractive price for a small office space to conduct the training.

To enter a few Free Zones there is a gate pass to be obtained and visitors coming daily must be taking the pass to enter the Free Zones which could be a hassle for some.

4. Choose the Right Company Structure

Choosing a company structure is a critical element for the Online Education Business in the UAE. Based on the number of shareholders the right company structure must be chosen from the Free Zones.

In the case of a mainland company (Limited Liability Company), a UAE national must be appointed as the local sponsor. Aurion will assist you in finding the right Partner for your LLC Company in the Mainland of UAE.

Investors can also look at the option of taking a professional license from the Dubai Economy and setting up an education company in the UAE. The foreign investor must appoint a Local Service Agent for the professional type company.

The LSA will have no control of the business but acts as a liaison between the government and the company for administrative work.

5. Get the Required Clearance from the Regulatory Authority

The education sector in UAE is regulated by the UAE Government and the respective Education Departments of each Emirate. For example, in Dubai, the Knowledge and Human Development Authority (KHDA) is the governing body.

All educational institutes, professional training centers, Colleges, and online educational sites operating in Dubai must adhere to the KHDA regulation and approval.

During the setting up of the education company in Dubai, the investor must get the required approvals from the KHDA to obtain the professional license and successfully start the operations.

To know more about the KHDA Approval read: Starting an education Training Center in UAE

6. Submit the Application Form and Documents Required

Submit the required documents to the Free Zone or the Dubai Economy to secure the professional License for your education company.

Documents required to get an Education Centre License

• Passport copy of the Investor and Photograph
• Filled -in Application form (Free Zone/Dubai Economy)
• Tenancy Contract and Office Plan Approvals
• KHDA Approval
• Shareholder certificate and Memorandum of Association

Along with the documents submit the required fee to be paid for securing the educational training license in UAE.

7. Visa Application and Bank Account Opening

Once you receive the professional license from the respective authorities proceed to the UAE residence visa application and opening of the corporate bank account in the UAE.

Benefits of Online Education Business for the Investor

The major advantage of an education institute is the professional license category. It allows 100% foreign ownership in Free Zones as well as in the Mainland of UAE.

Only if you choose to go with the LLC Company Setup will additional Shareholders and Local partners would come into the picture.

With the migration to online education, now training centers require reduced office space and can be operated from anywhere with a valid professional license.

Also, it helps in reducing the administration and other overhead costs of taking a business center or a physical office.

Flexible work hours and the ability to cater to a wide audience globally by adding more engaging courses into the website and coordinating the classes make it a lucrative business investment for passionate entrepreneurs in the education sector.

Talk to our expert business consultant team to learn more about setting up an online education institute in the UAE or an Education Technology Start-up in UAE !

The post Starting an Online Education Business in Dubai – All Things to Know appeared first on AURION.

With the pandemic, distant learning and digitally focused learning has become mainstream. The World Economic Forum suggests that demand for technology skills will continue to grow by 20% by 2025.

Growing Technology Investments in the Education Sector of the UAE

The tech-savvy generation is highly dependent on technology and devices to fulfill their requirements. Even the educational sector has witnessed an increasing demand for technology. Innovative learning practices using Augmented Reality and other software applications is the trend now.

Technavio forecasts the education sector in the UAE to grow at a CAGR of 4.74% between 2018-2020.

How are the Future Schools Embracing Educational Technology?

1. Bridging Communication Gap

The modern education system aims at merging the communication gap between parents and teachers. Interactive apps and platforms enable busy parents to connect with teachers and view the performance of their kids on a periodic basis. It helps in providing required guidance and support to the children.

2. Re-Modeling the Classrooms

The traditional blackboard based teaching is bygone. Now it is the age of digital classrooms. The smart blackboard and activity board keeps kids engaged better.

Also, for professional education, there is an immense opportunity by bringing the internet to the classroom. The classroom is turned to a platform for solving real-world problems now with onsite consulting on technologies such as virtual reality and 3D printing.

3. Immersive Learning Experience

Virtual Reality is being widely used in educational institutions currently. It is estimated that the Global Virtual Reality Market in the Education Sector is to grow at a CAGR of 59% (2018-2022). Many universities have VR labs with applications for supporting medical students, robotics, etc., to conduct simulations, studies, and tests.  

4. Artificial Intelligence Backed Learning

Artificial Intelligence has a very huge opportunity in the education industry. AI is currently in the early phase of adoption in the classrooms. With the power of advanced analytics and AI, it will help in simplifying complex textbooks and guides into interactive smart content programs.

Also, analytics will help in identifying the kids’ liking, preferences, behavior, etc., and devise the right methods to make them actively participate in the classes. So, in a nutshell, there are immersive opportunities in the field of EdTech for entrepreneurs to conceptualize their startup ideas.

Immense Opportunity for EdTech Startup in UAE

There is an immense demand for interactive and custom content in the education sector ranging from kindergarten to professional colleges.

Comprehending information from academic books and research papers into engaging digital content is the current trend. There is a huge demand for applications and platforms that offer interactive, innovative content creation, and knowledge sharing.

Gamification increases student engagement and advanced analytics technology along with graphic design principles helps in creating platforms that will enable students to explore new concepts in an interesting way.

Digital Innovation and Technology Integration – Transforming Education System in UAE

Digital innovation and technology integration are key pillars that transform the current educational system.

The smart classroom consists of a wide range of technology solutions starting from:

• Connected Campuses
• Digital Student Records,
• Cyber Security Systems, Tablets, & Digital Collaboration Tools,
• High-Performance Research and Development Labs,
• Learning Experience Centers, etc.,

UAE is investing heavily in its education technology to bring in digital transformation in all schools and educational institutions.

How to start an Edtech startup in UAE?

As e-learning becomes the new-norm, schools and colleges are looking at interactive ways to engage the students digitally. The Edtech startups with engaging applications and software to support the online education scenario to make the sessions exciting.

Starting an EdTech company in UAE is relatively easy and follows the general company formation process. However, it requires additional approval from the Educational Department of the Emirates. For Example for EdTech company in Dubai requires approval from the Knowledge & Human Development Authority (KHDA) Dubai.

To know more, read: Starting an Education Training Centre in UAE

Dedicated Free Zones for EdTech Startups

For starting an EdTech company that supports educational institutions with smart classroom applications and products, the best choice is to go with any of the free zones of the UAE.

They offer customized all-inclusive low-cost license packages that includes company license, office space, other benefits, and access to world-class infrastructure.

The Mainland of UAE – Right for Training Centres

If the entrepreneur is interested in opening an EdTech company with a training facility, testing laboratories, and learning centers, then mainland of UAE would be the ideal choice as students can easily enter your premises.

Most of the Free Zones in the UAE are mostly gated and secure. It has the customs checkpoints and other strategic sectors at the premises that require security. Having said that, there are few free zones in UAE like the Sharjah Research Innovation and Technology Park, Dubai Knowledge Park, etc., that are dedicated to promoting educational activities in UAE.

Hence, the business prospects for an EdTech Startup is enormous in the UAE. To know more about starting and Educational Technology Startup in UAE, reach out to our expert team right away!

The post Education Technology Start-up in the UAE – Tackling the Growing Demand appeared first on AURION.