New Virtual Company License in Dubai
October 06, 2019
In order to setup business in Dubai now days is not any issue. This is all due to newly launched Virtual Company License in Dubai which gives an opportunity to foreign investors to do business in Dubai without their physical presence as reported by Khaleej Times. It is an initiative taken by the government of Dubai by keeping in mind Expo 2020 which is hardly a less than a year now on wards and to regulate the e-commerce activity and to make the market more suitable for the business commodity. Is it sounding interesting? Yes, then go further and check out our post in detail.
Reason for choosing Dubai only the Virtual License:
Many questions are rising after the news since last week that why they have chosen Dubai so, being the busiest Emirates among all seven Dubai is the hub for the investors in last two decades. You can start your business without the resident of UAE and just need to register your virtual company and to manage your virtual company license under the Dubai Virtual Commercial City program is the first step to be taken by the investor.
Understanding What is a Virtual Company License?
This license will give an opportunity to worldwide investor to run the business in Dubai and this means their all activities related to work will be legal and the submission of documents, signing the contracts, signatures everything will be digital and in accordance to highest international standards.
Highlighting the benefits of Virtual Commercial License:
Dubai has opened the door to many new opportunities and played a vital role in building a string and reliable economy in the region. Dubai has always been keen in taking innovative steps and giving their best efforts to facilitate their businessmen. It will make the costs low, an online access to your company, you can keep an eye on new openings, markets, customers and investment opportunities, it will reduce the burden of start up and you can excel fast in the market.
Which industries can get this license?
This is a joint initiative taken by the DIFC (Dubai International Financial Centre), GDRFA (General Directorate of Residency and Foreigners’ Affairs), Dubai Economy, Supreme legislation Committee and Smart Dubai to focus on three main industries which are as follow:
- Technology industries
- Creative industries
- Services industries
The freelancers and the businesses can get benefit from above mentioned fields. Computer programming and related to their activities and consultation such as Software Design, Electronic Chip Programming, Web Design and other networking services (https://gulfnews.com/business/explained-how-can-i-get-a-dubai-virtual-commercial-license-1.1569919811737) Creative industries cater fashion design, jewelry design, interior and garden design, painters, calligraphers and product design. Next is the service sector related to printing and advertising such as typesetting, books binding, greeting cards and activities associated with them!
On their website www.vccdubai.ae you can check eligible and non-eligible countries for the license. Pakistan, India, Saudia Arabia, China, Russia, South Africa, North America, Brazil, Argentina, Nigeria are some of the eligible countries mentioned on the list. According to the map line Sri Lanka, Thailand, Oman, Egypt, Yemen, Algeria is non-eligible countries.
To get further detail about the terms and conditions you can visit above mentioned website and get your business setup today. If you are looking to do business in free zone must read about benefits of starting a free zone company in UAE