Virtual Business License for Overseas Investors in UAE

Virtual Business for Overseas Investors and Entrepreneurs

The government of the UAE has introduced a new Virtual Company License aiming to attract foreign entrepreneurs who are eager to explore the business opportunities of UAE.

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 and explore new market opportunities.

The government of UAE aims at attracting more than 100,000 companies to the emirates from 101 countries worldwide.

The Virtual Company License is focused on three main sectors: Creative industries, technology, and services.

The virtual Company License is a joint initiative of government bodies — Dubai Economy, Dubai International Financial Center, General Directorate of Residency and Foreigners’ Affairs, Smart Dubai & the Supreme Legislation Committee

The Virtual Company License is focused on global investors to work digitally in Dubai. It is aimed at opening up new horizons for business competitiveness and growth in Dubai and the UAE.

Other Business License Types for the Entrepreneurs

License Types for Social Media Influencers in Dubai

To make the profession of social media influencers more legalized and protected, the licensing authorities decided to create a permit for them.

The National Media Council (NMC) is the regulatory body that supports all media-related initiatives and activities in the UAE.

There are two options to get a media license as social media influencer in the UAE:

Individual License from the NMC

One can obtain a trade license from the economic department as a commercial entity willing to do business in the UAE. Then get an individual license from NMC for becoming a social media influencer.

Contract with an NMC Certified Agency

One can get a contract with an NMC certified agency, it includes a few costs but would be a cheaper option.

It will be almost like working with a large agency, it might hamper your creativity as an individual. The agency will be having its own set of requirements, guidelines, and operations while working on social platforms.

Freelance Permits

Freelance permits are now available in many Free Zones based in Dubai, Abu Dhabi and the other Northern Emirates.

These permits allow for specialized individuals in the media, technology and education sectors to offer their services.

Freelance permits can be obtained from Twofour54, Dubai Media City (DMC), Dubai Knowledge Park (DKP), Dubai Internet City (DIC), Dubai Development Authority (DDA) and Ras Al Khaimah Economic Free Zone Authority (RAKEZ)

UAE Free Zone Business License

Based on your business activity you can choose the license types from 40 plus free zones of UAE.

There are business setup packages starting from Flexi-desk to Executive office with multiple visa quotas, warehouses, business center access and a host of business benefits.

Free Zones of UAE – Key Benefits

• 100% Foreign Ownership
• No Personal or Corporate Tax
• No Customs Duty
• World Class Infrastructure
• Easy business setup
• Wide range of business activities to choose
• Customs Clearance and Warehouse facilities
• Easy access to the Airports and Seaports

To know more on UAE free Zones, read:

UAE Free Zones

UAE Mainland Licence

LLC Company formation is a lucrative business license type of trading companies and retailers who wish to enter into the local UAE and GCC markets.

Mainland business establishments - Key benefits

• Ability to trade in the local UAE market and GCC Countries directly without the requirement of local distributors
• Expand your business seamlessly to cater to growing business requirements and demand
• Unlimited visa quotas as your register new offices and warehouses in the mainland
• Diversify your offerings as your business grows, add business activities to an existing license
• Work on government projects and contracts by setting up a mainland company

To know more on Mainland Company formation read: https://www.aurionuae.com/mainland-company-registration.html

John Wick is a marketing consultant at Aurion Business & ISO Consultants. John writes about company formation, ISO Certification, business support services, etc.