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How To Get A Virtual Company License In Dubai

How To Get A Virtual Company License In Dubai presented by SK Financial Services https://skfinancial.co

How to Get a Virtual Company License in Dubai? A Comprehensive Guide

Introduction

In the dynamic landscape of business, Dubai has once again proven itself as a global hub for innovation with the introduction of the Virtual Company License. This groundbreaking initiative allows entrepreneurs and freelancers worldwide to establish a digital presence in the UAE without the need for physical residence. As part of our commitment at SK Financial Services to guide you through the intricacies of business development, let’s delve into the process of obtaining a Virtual Company License in Dubai.

Understanding the Dubai Virtual Company License

What is a Virtual Company License?

The Dubai Virtual Company License is a forward-thinking approach by the Dubai Economic Development Department to encourage Foreign Direct Investment (FDI) in Dubai. It enables global investors to conduct business digitally, leveraging the highest international legal standards. With this license, you can manage all your business activities, from document signing to submission, digitally – and these digital signatures hold legal validity in the UAE.

Eligibility Criteria

  1. Residency Requirement:

    • Applicants must reside outside the UAE.
  2. Nationality or Tax Residency:

    • Individuals must be nationals or tax residents of approved countries.
  3. Business Activities:

    • Business activities must align with predefined sectors, including creative industries, technology, and services.

Key Steps to Obtain a Virtual Company License in Dubai

Step 1: Decide on Business Activities

Before initiating the application process, determine the activities your virtual company will engage in. Refer to the list of permitted activities under the Virtual Company License.

Step 2: Choose a Unique Company Name

Ensure that your chosen business name is distinct and complies with the naming regulations set by the government.

Step 3: Submit the License Application

Now, you can submit your Virtual Company License application. The process involves providing certain documents.

Documents Required for Virtual Business License in Dubai

  1. Passport copy (valid for more than three months)
  2. Proof of address (utility bill or official letter, not older than three months)
  3. Proof of tax residency (if your country is not on the approved list)
  4. Recent photo on a white background (not older than three months)
  5. Completed application with your name in Arabic script (if applicable)

Virtual License Dubai Cost

The cost varies based on the type of company and activities. Key costs include:

    • Trade name reservation: AED 200
    • License fee: AED 650 per year
    • Additional costs for specific establishment types (e.g., AED 850 for sole proprietorship)

Note: Please check the license cost/fee in advance. It can be changed till the time of your company registration.

Benefits of Obtaining a Dubai Virtual Company License

  1. Cost Efficiency:

    • Low startup costs and reduced administrative burdens.
  2. Online Access:

    • Manage business activities conveniently online.
  3. Business Opportunities:

    • Gain access to Dubai’s thriving business ecosystem.
  4. Global Reach:

    • Expand your reach to new customers, markets, and investment opportunities.
  5. Directory Inclusion:

    • Become part of the directory of virtual companies.

For more detail information on the Obtaining a Virtual Licence and Dubai Virtual Commercial City,
visit the official website of 

FAQs: Answering Your Queries

Q1: Can I open a virtual office in Dubai?

A1: Yes, if you are a non-resident, you can open a virtual office in Dubai.

Q2: Who is eligible for a virtual commercial license?

A2: Non-resident businesspeople and freelancers are eligible for a virtual commercial license.

Q3: What are the activities that come under a virtual commercial business?

A3: Activities include Design & Artwork Services, Promotional Gifts Preparing, Web-Design, Social Media Applications Development & Management, Cyber Security Architecture, Marketing Services Via Social Media, Fashion Design, Jewelry Design, and more.

Q4: Is it necessary to keep a name for the virtual commercial office?

A4: Yes.

Q5: How much does it cost for a trade name reservation?

A5: It costs around AED 200.

Your Gateway to Digital Business Excellence

Embark on the journey of obtaining a Virtual Company License in Dubai with confidence, knowing that SK Financial Services is here to assist you at every step. Contact Us today for personalized guidance and seamless navigation through the application process.

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