What is a Virtual Company License in Dubai?
Before getting down to detail on Dubai Virtual License, let’s have a look at what is a virtual company license in Dubai.
A virtual business license dubai is similar to a normal Dubai trading license. Only that the entrepreneurs don’t have to be physically present in the city to gain the license or for operating the business. All the business activities could be undertaken over the virtual sphere. The individuals would be subjected to all the tax and auditing rules in the country of their residence.
The virtual trade license in Dubai covers all the major business sectors. Thereby, offering great benefits to the business professionals, undertaking several business operations in different countries simultaneously. The virtual business license Dubai is available to more than 100 countries.
Who can apply for the Dubai Virtual Company License?
Dubai Virtual Commercial City (DVCC) is the organization authorized to monitor, control, and approve license applications and other tasks related to virtual trading licenses in Dubai. Nationals from more than 100 countries can apply for a virtual business license in Dubai. However, they should not be residents in the UAE. Further, citizens from countries including Sri Lanka, Belarus, Iran, Egypt, Oman, Venezuela, and Serbia are not permitted to apply for the license.
The entrepreneurs can choose from the predefined business sectors and proceed with virtual license application in Dubai. They have to file tax returns and pay all the relevant taxes in the country of their residence. Moreover, the company has to pay 5% of Value Added Tax (VAT) in case the turnover exceeds the specified amount.
Dubai Virtual Company License Application Process
The process of obtaining a virtual company license in Dubai has three stages. The license application process is the final stage in the subject process. Dubai Virtual License Application Process are:
Step 1 – Determine the Business Activity
The entrepreneur must check the list of approved business activities that can get a virtual trade license in Dubai. The subsequent process will depend on the type of business chosen and the prerequisites for the same. The business sectors that can get the virtual license in Dubai include:
- Web development and design
- Fashion designing
- Social media management
- Digital marketing
- Interior design
- Cyber risk analysis and management
Step 2 – Finalize the Business Name
The Dubai virtual license would be issued in the name of the company. Therefore, the business must have a trading name before applying for a virtual trading license in Dubai. The authority has stipulated naming guidelines, which has to be pursued whilst deciding and finalizing the name.
The virtual trading company name:
- Should not indicate any political alliance
- Should not have any religious indications
- Should not be blasphemous
- Should not have abbreviations
Step 3 – Apply for Virtual Business License Dubai
Register the company on the DVCC website and follow the directives. After registering on the website, the owner needs to upload the following documents that will prove the identity, nationality and address.
- Copy of passport
- Recent passport size photograph, in white background
- Completed application form
- Proof of address
The status of the application can be tracked online. It is advisable to reach out to us to help you with the virtual trade license application process in Dubai. Our professionals will comply with the formalities, on behalf of you, in quick time, aiding you to commence business at the earliest.
Benefits of virtual business license in Dubai
Undoubtedly, a virtual business license in Dubai is the ideal way to enter such a large market. The benefits of setting up a virtual company in Dubai include:
- Comparatively low license costs
- Easy and quick process
- One of the most rewarding options for freelance professionals
- Great growth prospects with the market being vibrant and lucrative
Kiltons Business Setup Services for Dubai Virtual License
Kiltons is the first name that comes to anyone’s mind while setting up a business in Dubai or any other emirate in UAE. We have been the key player, turning business dreams into reality, for countless expats and residents. Our professionals strive their level best to render optimal support to the esteemed clientele. That has been the reason for our successful journey of more than two decades, since 1999.
We guarantee you excellent business through a virtual trade license in Dubai. Our support and guidance would play wonders for you and make you victorious. To discuss virtual business licenses in Dubai, contact us now.