How To Obtain Virtual Company License In Dubai?
Get A Virtual Company License In Dubai
You can’t help but admire Dubai’s prominent economy, which prompts every business owner to operate anywhere in the world. This might have evoked your senses, right? Okay, then how about your virtual company license in Dubai? Yes, this can be possible! With insightful detail, we have got you hooked, so don’t skim through it until you quench your query; feel free to leave comments too for any further queries!
Let’s talk about the benefits of company formation in Dubai, the eligibility criteria, and what a virtual company license is.
Importance and benefits of having a virtual company license in Dubai
Having a virtual license in Dubai allows you to work remotely. Therefore, you don’t have to pay for the office space or the utilities. Which even gives you a chance to expand your network globally. An easy online business setup with no personal or corporate tax also gives you credibility to expand your business operations more confidently. It is a cost-effective process to set up a virtual license in Dubai.
Eligibility criteria for obtaining Dubai virtual company license
- As you are applying for a Dubai virtual company license, you can not be a resident of Dubai
- Only foreigners from approved countries will have this license
- Must follow the regulation of corporate sectors
- You will be required to pay 5% VAT if the virtual company’s revenue goes beyond $100K per year
- For a virtual company license, you need to fall under the category of a pre-defined industry, and that will be the services of computer programming, consulting, design, fashion, and jewelry.
Detailed explanation of each document required for virtual company license in Dubai
To get your virtual company license, be ready with all the documents and avoid unnecessary delay
1. Application form with complete details
This form is very important for your business because it contains confidential and legal procedures that include your company’s details and activities. Don’t miss out on any information. Precisely fill in all the details to avoid further rejection of your application form.
2. Specimen signature of the manager or director
Make sure the document is signed by the officially appointed manager and director of the company. Get it notarized to maintain legal assurance from your company’s side.
3. Copy of attested power of attorney
The power of attorney gives the legal right to the manager and director to act on the company’s behalf if circumstances arise. Therefore, it has great credibility.
4. The company’s foundational document
The company’s foundational documents, such as a memorandum of association and an article of association, contain viable information like its purpose, business nature, structure, activities, and rules related to it. Attest the document with the application form to maintain its originality.
5. Photographs passport-sized
Must have a passport-sized photo of the company’s manager and director for identification purposes.
6. Details of the company’s share capital
Must fill in the details of the company’s share capital accurately, such as the amount of share capital invested by each shareholder. Because it determines what the legal structure of your company is.
Why choose Flyingcolour Business Setup?
If your dream to get a virtual company license in Dubai has kept you waiting for so long, this is the place to begin with that dream. Now don’t hold it back. Operate your business cost-effectively in Dubai’s vibrant city. If you need consultation services, choose Flyingcolour because we will make it easy for you to get a license in Dubai. Now is the time for company setup in Dubai. Let us handle all the work while you get the ultimate satisfaction.
To learn more about the virtual company license in Dubai, book a free consultation with one of the Flyingcolour team advisors.
Please note that this article was published on 09/07/2024 by the federal policies and updates at the time of writing. For the latest info please talk to our consultant.
