Dubai has launched a virtual business license that will allow freelancers and entrepreneurs to conduct business in Dubai digitally without residence. This launch was announced by Deputy ruler of Dubai Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum. This is the region’s first virtual company license. The license will allow investors worldwide to do business in Dubai digitally without requiring residence.
The Virtual license focuses on three main sectors:
- Creative Industries
Who is this license for? It’s benefits?
The initiative offers vast opportunities for investors around the world to work digitally in Dubai without having to be in Dubai. It will enhance confidence among businesses and investors while also opening new horizons for business competitiveness and growth in Dubai and the UAE.
The virtual license will give access to freelancers and businessmen across the world to conduct their business activity virtually and work with Dubai companies, also exploring new market opportunities digitally. It aims to attract 1,00,000 companies.
Dubai economy will receive applications for the virtual license from businessmen and investors in 101 countries through the website or the respective offices of VFS (Visa Facilitation Services)
It is available for freelancers and businessmen in three sectors:
- Computer programming, consulting and related activities
- Design activities
- Service activities related to printing and advertising.
How to apply?
The applications can be submitted online through the VFS office all over the world. A 30 days background check will be done and then the complete documentation of the business will be verified before the license is issued.
An important point to be noted:
It is to be noted that the virtual license does not guarantee physical access to the UAE through business or resident visa to any of the members of the company.
If are looking to set up a business in Dubai visit MSZ Consultancy for further guidance.
Find out how much it cost you to setup your Dream Business
Other Recent Blogs
In the global market scenario, investing in any commodity or financial instrument could lead to uncertainty in your business. Investors look for safe investments that provide guaranteed returns on the investment while investing in a commodity. One such commodity that...
Dubai is known as a city of opportunities and is the commercial hub of the United Arab Emirates (UAE), transforming itself from an oil-dependent to one of the leading and economic innovation hubs in the world. Due to its flexible business setup governemnt policies and...
The gold industry in Dubai has been thriving since the 1940s due to its free trade policies which have encouraged traders from all over the world. Gold trading is one of the leading imports in Dubai. If you are an entrepreneur who is willing to start a gold trading...
Dubai is amongst the world’s famous destinations for business which is preferred by entrepreneurs. Due to its world-class infrastructure, global strategic location, attractive taxation benefits it is one of the best places for doing business in Dubai. There are many...
Dubai is a prominent business destination for global investors and business professionals. From manufacturing to selling, Dubai is one of the most profitable countries. The textile industry is booming and growing rapidly along with massive employee opportunities. If...
A trademark is a symbol, word, or logo that is registered legally through their use represents a brand or an enterprise. Trademark registration protects the logo and the brand name of your company. Trademarks are intellectual property rights governed and protected by...
Subscribe to Our Newsletter
We’ll keep you updated on the latest trends and news
Request a call back
Would you like to speak to one of our business advisers over the phone? Just submit your details and we’ll be in touch shortly. You can also email us if you would prefer.