Guide to Setting Up a Virtual Company in Dubai

Robin Philip
November 22, 2024

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The UAE is one of the fastest-growing business destinations in the world and Dubai augments this position by being an aspiring location for many business owners. With strategic government support, it attracts entrepreneurs to expand their business reach and stay ahead of their competition. For business ease, the government now enables business owners to work in an open and dynamic environment and operate from anywhere in the world through a virtual company setup in Dubai.

Virtual businesses in Dubai are specifically designed for business owners who don’t live in the Emirates. They must be citizens or tax residents of other specific nations. In an increasingly growing digital economy, businesses are moving towards virtual company formation in Dubai. With robust tech infrastructure, they are finding it easier to work online and operate without having to invest resources in relocation or physical setup.

Virtual business license in Dubai

To operate a business virtually in Dubai, business owners have to obtain a virtual license to legalise their business operations in the UAE. This authorises them to manage their business-related tasks digitally, including documentation and signatures. In a short span of time, it has become an attractive option for entrepreneurs due to low startup costs, requiring no capital investment or administrative burden. Additionally, like other businesses, virtual businesses can also enjoy tax benefits, obtain visa and scale their business.

Step-by-step process of virtual company setup in Dubai

A virtual company formation in Dubai is a straightforward process for business owners to get started quickly. However, a step-by-step approach needs to be followed in order to avoid any obstacles or rejection in the process.

Choose the business activity

The first step to obtain a virtual business license in Dubai is to identify the business activity and sector. You can select the relevant business ideas from below industries and apply for a virtual license:

Select your business structure

Like other entities, Dubai allows virtual businesses to select the legal type of a business i.e. Limited Liability Partnership (LLC). Additionally, choose a unique and relevant trade name for your business that distinguishes you from other market players.

Apply for a virtual company license

Once you have chosen the business structure and name, apply for a virtual license digitally through the DED website. Since the license has been introduced to attract foreign investment and support entrepreneurs and small businesses from across the globe, the government has made significant efforts in the diversification of the economy and positioned it the most sought-after business destination in the world. Since its implementation, Dubai has attracted business owners from the US, Europe, Asia and Africa.

Set Up your bank account

After successfully submitting the application, you can set up a corporate bank account. While you conduct business activities from other parts of the world, a corporate bank account will necessitate your transactions.

Onboard a local agent

Before launching your virtual company setup in Dubai, appoint a local service agent i.e. a company that is registered in Dubai and can assist you with a business address. All virtual companies in Dubai are required to appoint a local agent as they may need a physical office address even for a virtual company.

Documentation required for obtaining virtual company license in Dubai

Since Dubai is stringent about its business regulations and laws, you need to have the following documents in order before applying for the license:

A copy of your passport
A proof of residency (A utility bill or an official letter, not older than 3 months)
A certificate for tax residency
A valid phone number & email address
Recent passport size photographs
Recent passport size photographs

Additional documents may also be required depending on the business activity. Hence, always seek expert guidance to ensure a hassle-free and complete process.

Conclusion

Virtual company setup in Dubai can unlock exponential growth potential for aspiring business owners who wish to expand their operations but are hesitant of investing. To make your business process even smoother, get in touch with a trusted business advisor. At A&A Business setup consultancy, we are the go-to solution for business owners and guide entrepreneurs throughout the process.

Call us at 050 483 6190 or email info@aaconsultancy.ae to get started today!