Virtual Company License

  • 02OCT
Exclusive Links Real Estate welcomes the Dubai Government decision to allow the establishment of virtual companies to conduct location-independent business activities globally in pre-defined service sectors.
 

 
The Virtual Company Licence can manage all their business-related activities, including document signing and submission digitally, and the signatures are legally binding in the UAE. The Virtual Company Licence 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.
This initiative is aligned with the third Article of the 50-Year Charter of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, which aims to build a 'Virtual Commercial City' in Dubai. Dubai's leadership has recently taken a number of innovative decisions and initiatives to further cement Dubai's position as one of the world's major business hubs.
Dubai Economy will start receiving applications for the Virtual Company Licence from businessmen and investors in 101 countries through the website www.vccdubai.ae or through the offices of VFS Global across 11 locations worldwide. The initiative is expected to attract more than 100,000 companies and offer new opportunities for innovators and local companies, accelerating economic activity and the knowledge economy in Dubai.
 
Exclusive Links Real Estate believes this a very positive development and will be particularly attractive to non-residents who wish to have the freedom of movement to operate globally from a secure business base. We will be ready to assist our clients in 04 399 4937.

https://amp-thenational-ae.cdn.ampproject.org/c/s/amp.thenational.ae/business/economy/dubai-rolls-out-virtual-business-licences-for-global-investors-1.917218
 
2nd October 2019

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