Posted on 24/09/2024
As Dubai is a business-friendly city with open economic laws and opportunities for 100% foreign ownership of companies in specific industries, it makes sense you might be considering investing in a virtual office in the city.
However, as the Dubai government recently announced it is illegal to run a commercial business solely on the internet, you might wonder if it is against the law to set up a virtual office in the city. So, is a virtual office legal in Dubai? Continue reading to find out more.
Before you open a virtual office in Dubai, you are legally required to apply for a virtual business license from the Department of Economic Development (DED). By doing so, you will receive the same benefits as traditional businesses, such as a residence visa, trade license applications, and banking services.
Reach out to a business specialist for assistance with a license application and help setting up a virtual office space in Dubai. Expert help can provide in-depth guidance on municipal and governmental procedures when operating a business in the United Arab Emirates (UAE).
To apply for a virtual license, you will need:
· A copy of your passport (with more than three months from expiry)
· Proof of address (a utility bill or an official letter sent within the last three months)
· Proof of tax residency (if you live outside approved countries)
Every brand conducting business activities online and across social media must apply for a trade license. It will enable you to trade in and out of Dubai, and it will typically cost between 15,000 to 50,000 AED, depending on your business’s needs. It will enable your business to manufacture and import all goods listed on your license.
If you plan to set up a company in Dubai, it is important to be aware that there are two primary business jurisdictions in the city: Free Zones and the Mainland. The 40 Free Zones provide specific regulations tailored to various industries, and the laws do not apply to companies outside the zones. It provides business owners with many perks, such as foreign investment opportunities, tax benefits, and support services. Unlike Free Zones, the Mainland enables businesses to trade across the UAE without the need for a branch office.
Once you have received virtual and trade licenses, you can start searching for the best virtual offices in Dubai. At present, we provide three superb locations in Dubai Downtown, Dubai Marina, and its vibrant financial district.
There are options to suit every company’s needs, such as a dedicated business address, call patching, meeting rooms, fax to email, and phone answering. Offering great transport links, a prestigious address, and professional facilities, it is an affordable investment in your growing business.
Contact us today to learn more about our virtual offices. It is an ideal choice for digital nomads and businesses of every size who want to develop a professional presence in Dubai and beyond.
Or, Request a Call Back: