Dubai: Residents of the UAE won’t be eligible to use for a virtual business license in the city.
Last week city Economy proclaimed the launch of the region’s 1st ‘Virtual Company Licence’, which can enable investors worldwide to do business in the city digitally while not requiring residence.
It was unclear whether or not UAE residents would be able to apply for the license, because the UAE was marked in green.
n as an eligible country on the Virtual business town website’s heat map, however, the qualification clauses declared that entrepreneurs should be non-UAE residents.
A proponent at the city Economy, however, confirmed to Gulf News via email that solely non-residents are eligible for the Virtual Company Licence. city Economy already encompasses a ‘DED Trader’ license that permits residents to do business on social media.
The Virtual Company Licence can modify freelancers and business people abroad to own access to a regulated e-commerce platform and simply work with Dubai-based firms whereas conjointly exploring new markets and investment opportunities digitally.
The Virtual Company Licence can change freelancers and business individuals worldwide to possess access to a regulated e-commerce platform and simply work with Dubai-based firms whereas additionally exploring new markets and investment opportunities digitally.
Gulf News explains why, what, and who is eligible for this virtual company license.
Dubai believes that a business plan should not be restricted to wherever you reside or work. The port Virtual business town offers the chance to register and manage a business on-line while not a requirement to be a resident of port or the UAE. you’ll access and operate your business from anyplace within the world.
Registering your virtual company and managing your Virtual Company Licence are the primary services offered beneath the port Virtual business town program.