Dubai Virtual Commercial City (VCC) allows self-employed and entrepreneurs from all over the world to start up a virtual business in UAE, even if that person is not a Dubai citizen. You do not need to have a resident visa or permit since you can run your company online.
Dubai economy with other Dubai government entities initiated VCC Programme to help those who want to run a business in UAE without requiring residence in Dubai. With a Virtual Company License you may start your own business on Dubai Virtual Commercial City.
Virtual Company License - with this kind of license entrepreneurs and freelancers can conduct their business without having to be residents. It is an easier way to do business digitally - License holders can perform business-related tasks electronically, such as signing and uploading documents.
It is simple to set up a virtual business! All you have to do is register for a Virtual Company License You are one step away from this happening!
Non- residents can apply for a Virtual Company License by following the next steps:
Non-eligible countries include:
Afghanistan Oman Egypt Sri Lanka Venezuela
Belarus Serbia Iran Thailand
Reminder! It's also worth noting that, depending on the location of economic operations and international tax agreements, Dubai virtual businesses are still liable to corporate, individual income, and social taxation in the country of formation and/or domicile.
In addition, if the virtual business's income in the UAE surpasses $100k per year, the virtual company will be liable to the UAE's 5% Value Added Tax (VAT). That implies that a Dubai Virtual Company License holder must register their business with the UAE's Federal Tax Authority.
Dubai, Abu Dhabi, Sharjah, Fujairah, Ajman, Ras al-Khaimah, and Umm al-Quwain all have their own free zones. Seaport-free zones, airport-free zones, and mainland-free zones are the three types of free zones.
Exemptions in free-trade zones include 100 percent foreign ownership of the business.
Free UAE Zones help the entrepreneurs to promote trades since there are no duties or levied.
The list of permitted activities under a virtual license is as follows:
Furthermore, establishing your business in Dubai will provide you with numerous chances that you will not find anywhere else on the globe.
Established firms in Dubai can reach over a billion people in the Middle East, Eastern Europe, Africa, the Commonwealth of Independent States, and West Asia.
We provide the necessary help to start your business in Dubai Virtual Commercial City. We offer company formation and a competent business environment is essential in increasing your own company. Help your company grow. We will guide you step by step.