It is a common knowledge and a very well-known fact that due to its highly lucrative market; Dubai draws a large number of investors. The reality of opening a company in Dubai, however, requires investors to move there, as has always been the case. That’s the reason we’re going to talk here about how to get a virtual company license in Dubai.
People these days, let it be investors or entrepreneurs do wish or desire to start their own business in Dubai but don’t want to shift to the UAE for various reasons of course.
Hence, Dubai has recently begun providing investors with the option of establishing a business that can be run virtually from anywhere in the world.
It’s cheaper than the traditional method of starting a business and spares the investor the trouble of moving. Now you can absolutely start your own business, establish your own business in Dubai and at the same time you can just be where you want to be, and work from where you are. You don’t even have to leave your own country for the same.
Your Guide on How to get a Virtual Company License in Dubai
A virtual company license in Dubai is required for any online company formation. As a result, you can start a company and run it remotely as an investor, eliminating the need to move to the country.
Investors can legally submit and sign documents electronically within Dubai if they establish a virtual company and obtain a virtual company license.
Investors now can have a company license and an established firm running in Dubai without even moving to Dubai. Hire employees, run your own business operations from all across the globe. It is indeed possible now by having a virtual company license in Dubai.
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Dubai virtual company license application process
There are three main requirements for obtaining a license for a virtual company in Dubai.
- The first thing to do is determine what aspects of the company will be run remotely. This simply means that you need to decide what business activity, what sector / segment of work you’ll be performing by getting this virtual license in Dubai. You, as an investor, must have a thorough understanding of what types of businesses are permitted under government regulations before deciding on a specific line of work.
- After deciding on a name, the next step is to apply for a virtual business license. As an investor, it is your responsibility to ensure that the name you choose for the business complies with the naming conventions in place and does not infringe on any laws or regulations of the country.
- The next step is to submit an application for a Dubai virtual business license once the first two steps have been completed successfully. All applications must be accompanied by a photocopy of the applicant’s passport, proof of current address, proof of tax residency, a recent photograph, and the applicant’s full name written in Arabic script.
Benefits of virtual business license in Dubai
With a virtual company license in Dubai, foreign investors can tap into the country’s large and lucrative market without setting foot on the ground there.
Setting up a company in Dubai can be expensive indeed, but with a virtual company license you can do so at a fraction of the cost and still provide remote access to your employees.
Freelancers also have the option of establishing a virtual company in Dubai in order to gain market access without the need for a residence visa.
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Instant License Dubai cost
Setting up a company virtually in Dubai is a low-cost alternative to traditional storefront locations.
The price of a license to operate in Virtual Dubai can fluctuate based on a number of factors. AED 16,999 (approximately) gets you an instant license, a virtual DED address, and an investor visa valid for 2 years.
Virtual office space in Dubai
Setting up a virtual office in Dubai is a simple process for investors because most of the work is done by a third-party service provider rather than the investor.
Choosing a virtual office in Dubai is a convenient way to outsource administrative tasks, such as answering phones and sorting mail. The service provider will also handle customer service inquiries on your behalf.
As a result, the virtual office space in Dubai eliminates the need to pay rent, utilities, furniture, and other expenses associated with setting up a physical location in Dubai.
You’ll be able to invest more in your business infrastructure and the people who are connected to your business because the savings are on the higher end compared to the traditional way of setting up an office, and the investor will be able to pass those savings on to different clients.
We sincerely hope that you now know and understand how to get a virtual company in Dubai. If you’re also seeking to get a Virtual Company License in Dubai, please feel free to contact us or leave your comments below.