Media

H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, today announced the launch of the region's first 'Virtual Company License’, allowing investors worldwide to do business in Dubai digitally without requiring residence and in accordance with the highest international legal standards.

The announcement is aligned with the third Article of the 50-Year Charter of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, which aims to build a ‘Virtual Commercial City’ in Dubai.

The Virtual Company License, a joint initiative of Dubai Economy, Dubai International Financial Centre, DIFC, General Directorate of Residency and Foreigners’ Affairs, GDRFA, Smart Dubai, and the Supreme Legislation Committee, focuses on three main sectors: creative industries, technology and services. The initiative, which offers vast opportunities for investors around the world to work digitally in Dubai without having to be in Dubai, will enhance confidence among businesses and investors while also opening new horizons for business competitiveness and growth in Dubai and the UAE.