25 Feb How to get a Virtual Company License in Dubai?
In this digital age, the concept of a virtual company has gained immense popularity. But what exactly is a virtual company? A virtual company is a business that operates primarily online, without the need for a physical office or storefront. To start a virtual company, you’ll need Dubai virtual company license.
This means you can run your business from anywhere in the world, as long as you have a laptop and an internet connection.
Now, why should you consider starting a virtual company in Dubai? Well, Dubai is not only a thriving business hub but also offers numerous advantages for virtual entrepreneurs.
With its strategic location, business-friendly environment, and strong infrastructure, Dubai offers a host of advantages for virtual entrepreneurs. From favourable tax policies to access to global markets, starting a virtual company in Dubai can open up a world of opportunities.
In order to start the company in Dubai virtually, you would need to apply for a virtual company license in Dubai. This way as an investor you will be able to set up a business and operate it virtually without having the need for relocation to the country. A virtual company license in Dubai will allow investors to carry out various activities such as submitting and signing documents electronically and the same will be legal within Dubai.
Benefits of Virtual Company License in Dubai
Setting up a virtual company in Dubai comes with a lot of benefits, making it an attractive option for entrepreneurs and businesses looking to establish a presence in this city.
Here are some of the key advantages of obtaining a Dubai virtual company license:
1. Low startup costs and administrative burdens
A virtual company license in Dubai is a very cost-effective way to set up a business in the Emirates. There are no minimum capital requirements, and the annual license fee is relatively low. Additionally, there is no need to rent or lease office space, as your business can be operated entirely remotely.
2. Global Reach
Dubai is strategically located at the crossroads of Europe, Asia, and Africa. With a Dubai virtual company license, you can tap into a global market and reach clients and customers from around the world.
3. Ease of Setup
Obtaining a virtual company license in Dubai is relatively straightforward and efficient. With the right guidance and documentation, you can establish your business quickly.
4. Tax Benefits
Dubai offers tax advantages, including zero personal income tax for individuals in many free zones. This can lead to substantial savings and increased profits.
5. Visa options
Virtual company license holders are eligible to apply for various types of visas, including business visas, residency visas, and investor visas. This allows you to live and work in Dubai if desired.
6. Flexibility and scalability
A virtual company license gives you the flexibility to scale your business as needed. You can easily add or remove employees and services without having to worry about the costs and hassles associated with a traditional office space.
How to Start a Virtual Company in Dubai? Step-by-step process
Starting a virtual company in Dubai involves a step-by-step process that can be relatively straightforward if you follow the necessary legal and administrative requirements. Here’s a step-by-step guide to help you get started:
Step 1: Choose a business name and activity
The first step is to choose a business name that is unique, available, and relevant to your business activity. You can also check the availability of your business name on the website of the Dubai Department of Economic Development (DED).
Step 2: Select a Business Structure
The next step is to choose a legal structure for your business. The most common legal structure for a virtual company in Dubai is a limited liability company (LLC).
Step 3: Apply for a virtual company license
Once you have chosen a business name and legal structure, you can apply for a Dubai virtual company license. You can apply for a virtual company license online through the website of the DED.
The virtual company license in Dubai was implemented as part of the Dubai Virtual Commercial City (VCC) program.
It was implemented to attract foreign investment and to support entrepreneurs and small businesses. It is also part of the Dubai government’s efforts to diversify the economy and to make Dubai a more attractive place to do business.
The virtual company license in Dubai has been a success since it was implemented. In the first year, over 10,000 virtual companies were registered in Dubai. The virtual company license has helped to attract businesses from all over the world, including the United States, Europe, Asia, and Africa.
Step 4: Set up your business bank account
Once you have obtained your virtual company license, you can open a business bank account in Dubai. You will need to submit your license and other documentation to the bank.
Step 5: Obtain a local service agent
A local service agent is a company that is registered in Dubai and can provide you with a business address and other services. All virtual companies in Dubai must have a local service agent.
You may need a physical office address, even for a virtual company. Many free zones also offer shared office spaces or business centres where you can legally establish your company’s physical presence.
6: Launch Your Virtual Business
Once you have met all the legal and administrative requirements, launch your virtual company in Dubai. Start marketing your services and engaging with clients and partners.
Virtual License Cost in Dubai
The estimated cost of a virtual company license in Dubai starts from AED 12,500. This is a very affordable cost compared to the cost of setting up a traditional business in Dubai.
Please keep in mind that this is just an estimated cost, to know more about the cost get in touch with a business setup expert like Shuraa Business Setup.
Start Your Dubai Virtual Company Today with Shuraa
Without a doubt, virtual company registration in Dubai is an exciting opportunity for aspiring business owners. The ability to turn a profit without the need for significant capital investment is a dream come true for entrepreneurs.
To make your journey even smoother, Shuraa Business Setup is here to assist you every step of the way. From company registration to office space solutions and PRO services, Shuraa Business Setup provides one-stop solutions to guide you through the complexities of establishing your business in Dubai.
So, don’t hesitate to reach out to us at Shuraa Business Setup.
With the vast opportunities and resources that this city offers, the sky is the limit for your business growth.