Traditionally, entrepreneurs who wish to start their business in Dubai should relocate their business location to UAE. But, thanks to Dubai’s virtual company license which allows entrepreneurs to realize the benefits of Dubai company ownership from anywhere in the world. The Dubai virtual company license allows entrepreneurs to involve digitally without the need to reside in Emirates. People from around 101 countries are eligible to apply for the virtual company license in UAE. If you prefer to do business without the hassle of relocation, then here’s your opportunity to do so,
Eligibility criteria for a virtual company license,
- The license is not issued to residents of the UAE
- Only business owners from 101 countries are allowed to have virtual license and they should be tax-paying residents as well.
- The virtual company license allows only a very few business activities like fashion, jewellery, interiors, etc.
The virtual business owners are subject to income tax or corporate tax of the residing country. The owners should pay VAT if the revenue exceeds $100 per annum. In such case, the company will have to register the company with UAE’s Federal tax authority.
Steps to apply for virtual company license Dubai
To set up your virtual business, follow the below steps to obtain Dubai virtual company license,
Company registration
Initially, visit the Dubai virtual commercial city’s official website and initiate the registration process. Complete and submit the online registration form, user have to enter the following details like,
- Name
- Contact details,
- DOB
- Passport information
- Previous experience with Dubai if any
- Trade license name
- The owner should clearly define the business activity that they intend to carry out.
Documents
After entering the basic details, it’s time to upload the necessary documents. Check out the list of documents to be uploaded for virtual company license,
- Copy of passport
- Address proof – it can be a utility bill or any other proof, not more than 3 months old
- Tax residency proof – if not from an approved country
- Recent photograph with white background
Track status of virtual company registration in Dubai
After submitting the application, the information will be sent for authentication. The government authorities carry out authentication via a background check. The virtual company license verification process will take around a month, so ensure that all the documents are accurate. After the screening process, the applicant will receive an email notifying either it’s an approval or rejection.
Pay the license cost
After validating your identity and passport at the concerned authorities, now, you have to pay for the Dubai virtual company license. Pay your license fees through VCC’s official payment portal on its website. The Dubai government allows payment through bank transfer or cheque. The license fees depend on the legality of the license.
The total expense of a virtual company license is around AED 850, where AED 650 per year for virtual business license and additional AED 200 for company’s trade name.
How A & A associate support virtual license registration in Dubai?
A & A associates have a team of business setup consultants who assist you in the entire process and well-versed in other aspects of business incorporation in the UAE.
Whether it’s Dubai Mainland or free zone, we help to establish your business setup in Dubai. While handling the virtual license in Dubai, we also work on opening corporate bank accounts and advise on the appropriate financial institution that suits your specific needs.
Our expert team handles all the government formalities, work permits, permissions, and visa applications that are required for your trade in the UAE. We assist in opening your dream venture in the innovative hub!