Dubai has extensive business communities and a diverse environment. It offers a Virtual company license in Dubai for foreign investors and business owners. This virtual license provides ultimate business solutions to foreign investors who want to set up a business in the UAE without residency and physical appearance.
This article shares all the essential information to obtain a virtual company license in Dubai. How can you operate a business in Dubai operating from your home country? Let’s explore the facts and interesting information about this new visa category in the UAE.
Importance of Virtual Company Licenses
Virtual company licenses in Dubai are emerging trends of remote working criteria. They offer new opportunities to foreign investors to establish a business in Dubai without being physically present there. They can get multiple benefits like reduced business costs and low expenses, global reach and international access, digital business operations with quick procedures and approvals, and ultimate access to a pool of skilled professionals globally without relocation obstacles.
A Dubai Virtual Company license is a perfect idea for freelancers, consultants, and entrepreneurs in Information technology, computer science, and creative industries. They can position the Dubai region as a business hub for remote access and innovation in a thriving business world.
Application Process of Virtual Company License
The application process for a virtual company license is quick and easy. You can fill out your application on the regulatory authority website. However, it’s better to consult a legal advisory service for the visa process to comply with laws and regulations in the Emirates.
Step-by-Step Guide to Applying
Here, we discuss all the essential steps for applying for the virtual company visa process, including requirements and limitations. Let’s explore the step-by-step guide to applying for the virtual visa process.
Required Documentation
You need to submit these relevant documents for the visa application process;
- A valid passport copy with more than three months of expiry date.
- Provide evidence of physical address with a utility bill within the last three months.
- The residents of approved countries must provide proof of tax residency.
- Recent photographs.
Identification Documents
When the applicant receives approval for the visa, he or she must visit the regulatory department in person for identification and passport verification. The applicant has to pay the required fees in the chosen country.
Proof of Address
The applicants must provide proof of physical address in their home country with a utility bill within the last three months.
Business Plan
The applicant must show an effective business plan for the virtual company license that must be acceptable to the regulatory authorities.
Online vs. Offline Application
Online applications can be submitted with secure payment transactions on the official website of regulated authorities. However, offline services using legal advisors and PRO services are available for more assistance to avoid inconvenience and legal obligations for the visa process.
Types of Virtual Company Licenses
There are three types of virtual company licenses in Dubai. Let’s explore these types and their significance;
Professional Licenses
Professional virtual licenses allow you to set up your business remotely. Freelancers, consultants, and tech business professionals can operate without a physical office. They can work in a cost-effective and flexible work environment.
Commercial Licenses
A commercial virtual license is for commercial trade, such as I.T., and marketing services can operate remotely in a flexible business environment.
Industrial Licenses
Industrial virtual licenses focus on service-based industries but not industrial activities. Manufacturing or warehousing are not included in these industrial virtual licenses. You can check for free zones industrial business for a Dubai presence as an industrial license.
Costs and Fees for Virtual Company License in Dubai
Dubai virtual company, license cost and fee for the virtual company licenses in Dubai may vary according to the duration, type, and terms of your license. Let’s explore the different costs for these licenses;
Initial Application Fees
The initial application charges for the virtual company licenses in Dubai are around six hundred and fifty AED for a one-year license cost, a business trade name registration fee may be two hundred AED, and the total charges can be eight hundred and fifty AED.
Annual Renewal Fees
The annual license renewal fee is affordable, and it is usually about six hundred and eighty AED. The license renewal is essential to continue your business operations with legal compliance in the Dubai virtual market.
Additional Costs
The Virtual company license in Dubai may have some additional costs. This can be service office subscriptions for occasional business activities and legal accounting and taxation services.
Conclusion
A virtual company license offers the ultimate solution for new business startups and entrepreneurs looking for a global business hub to establish their venture. They can start with a minimum investment compared to a traditional business setup. These virtual licenses open the gateway to the dynamic business hub of the world and provide multiple benefits for entering the global market.
They can obtain multiple benefits, tax advantages, and also access to a prestigious business address. These licenses give remarkable opportunities for professionals and startups to enter a global business environment with flexible and low-budget options. However, there are some restrictions for specific industries. Finally, a virtual company license is a powerful gateway for new businesses to embrace their future with remote work.
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