The Faculty of Economics and Business of Riau University was established on October 1, 1962, based on the Decree of the Minister of Higher Education and Science Number 123 dated September 20, 1963, which became effective as of October 1, 1962. At the time of its establishment, it had 3 (three) departments, namely:
(1) Department of Economics and Development Studies,
(2) Management, and
(3) Accounting.