Dubai's new low-cost virtual license to draw foreign businesses, freelancers | ZAWYA MENA Edition:
The Dubai government is keen to attract more investments in its innovative and consultancy sectors, and the recently launched virtual license will result in a more simplified business environment for foreign investors and entrepreneurs, according to global consultancy PwC Middle East.
“Those eligible to apply for virtual licenses will benefit from a simple, fast and low-cost solution to conduct business in the UAE, without the need to reside in the country,” Darren Harris, Legal Services Leader at PwC Legal Middle East told Zawya.
“Ongoing benefits include the ability to manage the business online, including the digital execution and submission of documents,” he said. “In addition, all businesses operating under a virtual license will get access to DubaiStore.com, an online marketplace for the promotion of products and services with online shoppers and interested customers.”
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