Established in 2002, East Timor Institute of Business is a private higher-education institution located in the small city of Dili (population range of 50,000-249,999 inhabitants). Officially recognized by the Agência Nacional para a Avaliação e Acreditação Académica (National Commission for Academic Assessment and Accreditation), East Timor Institute of Business (IOB) is a small coeducational East Timorese higher education institution. East Timor Institute of Business (IOB) offers courses and programs leading to officially recognized higher education degrees such as bachelor degrees in several areas of study. IOB also provides several academic and non-academic facilities and services to students including a library, as well as administrative services.