Dubai Virtual Commercial License
The first of its kind, the licence is granted without residence visa in Dubai.
Dubai Virtual Commercial License Is Now Accessible To Entrepreneurs And Freelancers
If you are a freelancer or entrepreneur and you want to work with a company in Dubai, you can now get this type of access through a Virtual Commercial License. This type of license replaces the need to gain a residency visa. Once you have a Virtual License you can continue to perform business transactions, provide your services and even run a self-independent business in Dubai. The Virtual Commercial License is a new regulation that was recently announced by the Deputy Ruler of Dubai.
With this new launch, however, individuals will fall into two groups. These groups are divided according to countries. Certain countries can access this Virtual License, while others are not able to receive it. A recent report revealed that 100 countries currently can participate in this Virtual License scheme.
Eligible List of Countries
Qatar, Saudi Arabia, Bahrain, Morocco, Pakistan, India and Tunisia, China and Russia, Europe, Canada and the United States
Ineligible List of Countries
Oman, Jordan, Egypt and Iran to name a few
It is an exciting launch that will allow entrepreneurs and freelancers to log into the eCommerce site and provide you with the opportunity to work for Dubai companies. This doesn’t just include freelancers, but also business people who run companies of their own but prefer to operate them virtually. There are three sectors under this initiative that can be a part of this new regulation.
First Sector
The first sector is Computer Programming and Consultancy which offers a Virtual License to under several categories which include programming, web design, social media, networking systems and computer systems.
Second Sector
The second sector falls under design and the categories included in this section are interior design, exterior design, fashion design and jewelry design.
Third Sector
The third sector to come under this eligible list of employment is advertising and printing services. Some of the categories that are accepted in this sector include book binding, typesetting, greeting cards distribution, and design and artwork.
Many entrepreneurs and freelancers are curious about the status of acquiring a residency visa in Dubai, while participating in this new scheme. A Virtual License does not automatically guarantee a path to the residency to Dubai. However, there is good news in all of this for this group of individuals. The Dubai Government is diligently working on this very request and hopes to simplify the visa process for holders of the Virtual License.
Benefits of the Virtual License
Investors from around the world do not require a residency visa to conduct business, offer services or gain entrepreneurial opportunities in Dubai.
You can operate your business according to the given legal standards.
You can conduct your business activities with freedom, and you will be able to use your digital signature.
Dubai remains a global hub on the world stage. An initiative such as this will only draw more and more wealthy investors and business people to its fold. This initiative aims to create an innovative and exciting business environment for all types of business people.