Dubai: 'Virtual Company Licence’ for non-resident business people and freelancers

Virtual Company Licence will allow investors worldwide to do business in Dubai digitally

Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, Deputy Ruler of Dubai, today announced the launch of the region's first 'Virtual Company Licence’.

Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, Deputy Ruler of Dubai, today announced the launch of the region's first 'Virtual Company Licence’.

What does this mean?

The Virtual Company Licence will allow investors worldwide to do business in Dubai digitally without requiring residence and in accordance with the highest international legal standards. Virtual Company Licence owners can manage all their business-related activities, including document signing and submission digitally, and the signatures are legally binding in the UAE.
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.
Sheikh Maktoum Bin Mohammed said that Dubai is making major strides in enhancing business regulatory frameworks and emerging as one of the world’s best business environments, thanks to the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum and the directives of His Highness Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council. Dubai’s leadership has taken a number of innovative decisions and initiatives to further cement Dubai’s position as one of the world’s major business hubs.

https://gulfnews.com/business/dubai-virtual-company-licence-for-non-resident-business-people-and-freelancers-1.1569863099064