Can I still get a virtual business licence if I live in Dubai?
1. Are UAE residents allowed to get a virtual business license?
Residents of the UAE will not be eligible to apply for a virtual business license in Dubai.
Dubai Economy announced the launch of the region’s first ‘Virtual Company License’, which will allow investors worldwide to do business in Dubai digitally without requiring residence Visa.
It was not clear whether UAE residents would be able to apply for the license, as the UAE was marked in green as an eligible country on the Virtual Commercial City website’s heat map, but the qualification clauses stated that entrepreneurs must be non-UAE residents.
The non-residents are eligible for the Virtual Company License. Dubai Economy already has a ‘DED Trader’ license that allows residents to do business on social media.
The Virtual Company License will enable freelancers and business people abroad to have access to a regulated e-commerce platform and easily work with Dubai-based companies while also exploring new markets and investment opportunities digitally.
UAE residents, who do not have a local partner or sponsor can only get business licenses through UAE free zones, which costs an average of Dh15,000.
The Virtual Company License will enable freelancers and business people worldwide to have access to a regulated e-commerce platform and easily work with Dubai-based companies while also exploring new markets and investment opportunities digitally.
2. What are the benefits to having a Virtual Commercial License?
The Virtual Commercial License simplifies the work and life of entrepreneurs and freelancers through the provision of:
- Low costs and administrative burdens to start and grow your company
- Online access to your company
- Access to business opportunities in Dubai
- Access to new customers, markets and investment opportunities
- Participation in virtual companies’ directory
3. Who is the license for?
The Virtual Company License, a joint initiative of Dubai Economy, Dubai International Financial Centre (DIFC), General Directorate of Residency and Foreigners’ Affairs (GDRFA), Smart Dubai, and the Supreme Legislation Committee, focuses on three main sectors: creative industries, technology and services.
The official website has a heatmap showing the eligible and non-eligible countries across the globe. India, Pakistan, Saudi Arabia, China, Russia, North Americas, South Africa, Nigeria, Cameroon, Uganda, Brazil, Argentina, Chile are some of the countries on the eligible list.
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