Dubai Virtual Company License

Dubai’s welcoming economy attracts entrepreneurs from around the globe to launch their business dress in the dynamic city. Business setup in Dubai has become easier with the introduction of virtual licenses which don’t demand actually residing in the city. The three major industries virtual license focuses on are technology, creative industries, and services.

Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, as the Deputy Ruler of Dubai, announced the groundbreaking Virtual Company License, marking a significant milestone in the city’s business scenario. This is a joint initiative of the following:

  • Department of  Economy & Tourism- Dubai
  • Dubai International Financial Centre (DIFC)
  • General Directorate of Residency and Foreigners Affairs 
  • Supreme Legislation Committee
  • Smart Dubai
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What is the Dubai Virtual Company License?

Virtual Company License in Dubai also known as Virtual Commercial License is a new initiative that allows entrepreneurs from foreign countries to start a business in Dubai digitally without residing in the city of Dubai. This facility is available to citizens from more than 100 countries around the world with the UAE as DTAA (Double Taxation Avoidance Agreement). This type of license enables individuals to manage all business transactions and tasks digitally such as signing, submission, etc. Through this project, Dubai looks forward to 100,000 businesses to be a part of the virtual city.

Documents Needed for Dubai Virtual Company License

The essential documents needed to acquire a virtual company license in Dubai are as follows:

  • Copy of passport
  • Passport size photograph
  • Proof of residency 
  • Contact details like phone number & email address 
  • A tax residency certificate  

Requirements for Dubai Virtual Company License

To acquire a virtual company license in Dubai, you have to satisfy certain requirements. They are given below:

  • UAE residents are not eligible for the Virtual Company License.
  • Individuals who are applying for a Virtual Company License in Dubai must be citizens of one of the approved nations like India, the United States, Pakistan, Russia, China, Saudi Arabia, Japan, Canada, and so on. 
  • A virtual Company License can only be obtained if the company falls under one of the pre-defined industry categories. Major pre-defined categories are consulting, interior industries, advertising, designing, jewelers, computer programming, etc.

Benefits of Dubai Virtual Company License

When the benefits of a Dubai Virtual Company License are concerned, it extends from cost-efficiency to varied investment chances. Other major advantages are:

  • Low Costs: Administrative and operational costs are less in a virtual platform. So, entrepreneurs can invest wisely and reap profits. 
  • Manage Business Activities Online: By obtaining a Virtual Company License, you can access all business activities online which simplifies office tasks with the Internet.
  • Efficient Operation: Administrating all business tasks online leads to efficient and errorless results. 
  • Flexibility: Dubai Virtual Company License offers unmatched adaptability. You can easily scale operations swiftly to seize opportunities in fast-evolving markets.
  • Savings: You can invest more in business essentials instead of spending funds for office rent, transportation like flight tickets, or your residence in Dubai. 
  • Global Accessibility: With a Dubai virtual company license, operate your business from anywhere, breaking free from traditional physical constraints.

How to Apply for the Dubai Virtual Company License?

The application for the most beneficial initiative for foreign entrepreneurs, the Dubai Virtual Company License involves several steps. Following these steps helps your business run seamlessly in the city of Dubai. The following is a simplified guide that will help you to understand the whole process:

  • Company Registration

To start the registration process of your company, you have to visit Dubai Virtual Commercial City’s (DVCC) official website. On the website, you will find a company registration form to fill out. You have to provide details personal information, passport details, previous experience in Dubai, type of business activity, etc. 

  • Uploading Required Documents

The next and most important step is to upload all the required documents. Ensure to check the  list of required documents is given above. It is important to make sure that all of the documents are included during uploading. This helps in a seamless process. 

  •   Track the Status of your Application

After submitting your application, it will undergo an authentication process. This process is carried out by government authorities of Dubai which will take around a period of one month. Since it is a time-consuming deep check, it is important to ensure that the information you provide is accurate before submission as inaccurate information can result in ejection which, in turn, makes the whole process long and complicated. When the authentication process is completed, you will receive a message via email informing you whether your application is approved or rejected. 

  • Verify your Identification

The next step is to identification and passport verification from VFS Global. You must go in person to VFS Global by pre-booking. You can easily book an appointment through their official website or by sending an email to bookappt.vccdubai@vfsglobal.com. You can complete this step by paying a service fee of about AED 300 + applicable fees (depending on the country). 

  • Payment 

Once identification is successfully verified at VSF Global, you are required to pay the cost of the Dubai Virtual Company License. This fee can be conveniently paid through ePay, the official payment gateway of VCC, offered by Smart Dubai, a government initiative. The Virtual Company License fee is determined based on the selected license validity in the online company registration form.

FAQ

Only citizens from approved nations with the UAE as DTAA (Double Taxation Avoidance Agreement) can apply for the Virtual Company License. UAE residents are not eligible for this license.

The authentication process conducted by the government authorities of Dubai typically takes around one month. It involves a thorough check of the submitted documents and information provided by the applicant.

Yes, one of the main benefits of the Virtual Company License is the ability to manage all business transactions and tasks digitally. This includes signing documents, submitting forms, and conducting business activities online, offering flexibility and convenience to entrepreneurs.

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