Are you a current or potential businessman looking to expand your company in the United Arab Emirates? If you want to start a business in the UAE, you don’t need to move or even visit the country. The commercial authorities of Abu Dhabi and Dubai also offer a digital corporation licence. If you’re intrigued, read about these alternatives, as well as how to apply for virtual license.
Abu Dhabi And Dubai Virtual License Procedures
It enables overseas investors to start a company from anywhere on the planet. However, there are certain standards that should satisfy in order to obtain a licence. The first step is to choose the location. The process gets different depending on location.
1.Create Your UAE Pass Account
The UAE government has released an app that provides access to over 5,000 public services. You can still enrol as a user if you are not a UAE resident. All you need to do is download the app and follow certain steps. You will require Emirates ID as the only document to upload to get access to the app.
#Binance has been granted a Virtual Asset License from Dubai’s Virtual Asset Regulatory Authority (VARA).
This licence ensures that #Binance will be able to operate its regional business from Dubai, UAE 🇦🇪https://t.co/bqeMe1T54z
— Binance (@binance) March 16, 2022
2.Enrol For The Virtual License
Register for this license on the website www.adbc.gov.ae/citizenaccess/CustomPage/InfoDeskAll.aspx. After following the required steps you will have to fill the economic category you have to apply for. Submit a digital copy of your passport. Review the information you’ve entered and then click ‘Submit.’
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3.Complete The Payment
You will receive a text message and an email to finish the payment procedure after you finish submitting your application. According to UAE, the application fee for a virtual licence is Dh1,000. It comes with federal fees that vary depending on the activity chosen and the legal form.
The difference between Dubai and Abu Dhabi virtual licenses is that in Dubai, a person has to wait for a period of 30 days for approval. After approval, you can proceed further with payment. This doesn’t apply to Abu Dhabi’s license.
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