Starting a business in Dubai without residing in the UAE has gotten much easier with the virtual company license in Dubai. It allows foreign investors and business owners to establish a business in the city without a physical presence. Let us know more about the virtual business license and how to obtain it to start a business in Dubai without moving into Dubai!
Dubai attracts investors from across the world in huge numbers due to its most lucrative market offers. However, typically investors move to Dubai to realise their dream of setting up a business in Dubai. Some time back, the city introduced a virtual office space system for investors operating from remote locations.
This also saves the investors from the worries and hassles of relocation to the city to start a business. Additionally, it saves much money needed for relocation and other processes of setting up an office for smooth operations.
To initiate the process, you will first need to apply for a virtual company license in Dubai. It is the first step towards starting a virtual business in the city of the United Arab Emirates without having to relocate to the country. A virtual setup will permit investors to run various official activities like submitting and signing documents electronically, which is legal within Dubai. This virtual commercial license in Dubai is open to foreign investors from over 101 countries, including India, Pakistan, Saudi Arabia, United States, Canada, Russia, China, and Japan. The license is issued to companies in the sectors like – creative industries, technology and services. (Visit VCC’s official website for the complete list of approved countries)
The eligibility criteria to start a virtual company in Dubai:-
Another essential thing to note is that the Dubai Virtual Company License does not allow physical access to any company members inside the UAE through a business/visitor/resident visa. The rules are the same when applying for a business bank account in the UAE.
The process consists of three crucial steps:-
Once you have decided to start a business in Dubai virtually, you will need a virtual office space to manage your presence in Dubai. Your business setup consultant can help you find the right virtual office keeping your business requirements in mind. A virtual office is required to maintain a business on behalf of the business owner. You can have a dedicated telephone number, an attendant to attend to your business calls, mail management assistance and an office address in a prime location of the city. Additionally, you can handle all your business communication from this office on behalf of the company owner.
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