As it offers a strategic venue, Dubai is continuously becoming one of the most popular spots for corporate and industry setups. From any corner of the globe, this busy UAE city is readily available, and the environment it offers makes it a great option for all kinds of existing and prospective companies. Companies of all sizes have recently considered Dubai’s company laws to be very friendly, thereby viewing it as a very rewarding business destination. In addition, there are also several other enticing features, such as the option to rent a virtual office instead of a physical office in Dubai.
In this respect, start-ups are becoming increasingly famous across the world and Dubai is no exception. In comparison, the outsourcing and freelance industries internationally have expanded enormously. In both Dubai and anywhere else, entrepreneurs and freelancers are the key users of virtual workplaces. Therefore, interactive offices have been gaining prominence in Dubai’s free zones in recent years. For start-up developers, the chance to have a regional footprint and invest a minimal sum of funds with a virtual office in Dubai is an outstanding prospect.
What is a Virtual Office?
Your local address, in one of the business centres of Dubai, is a virtual office that is used for calling local authorities and clients. It may be used for setting up a business; it is stated in your trade (or other) license. Your mail will be sent to this address (both electronic and regular). A variety of individuals who wish to start up a business in Dubai want to use a virtual office as a way to help them keep their expenditures as minimal as possible. For those who wish to gain connections to certain kinds of business facilities, these types of offices are a nice choice, as it is popular for those operating from home as well as for firms preparing to move, or who are in the process of relocating now. A virtual office would enable the owner to run their company, receive their UAE residency visa, and open a bank account for the organization.
Setting Up a Virtual Office in Dubai
Quite often, those with small enterprises and also freelancers who do not have broad room needs for staffing are those who use Dubai virtual offices. It gives a business address to the user, so they do not need to think about the expense of leasing a typical room. You will function from wherever you would want because you have a virtual workplace, or from home. However, as mentioned on business cards or your website, your home address should not be the location of your business, because it is against the law.
Digital offices in the Mainland and Free Zones may be set up in Dubai. There are separate protocols for mainland and free zone areas because the documents and regulatory bodies are often different. A virtual office’s expense depends on the type of business operation you undertake in the field. Only a company address with the name ‘Dubai’ at the time of marketing is given by the virtual office for marketers. Physical office, bank account, and residency visa are not issued apart from this. Any additional services, such as personnel, phone and fax numbers, are given by a dormant virtual office. Web-based organizations typically utilize this form of the office room.
Once you’ve set up your virtual office, you will be able to sponsor your family to bring them to Dubai with you. However, you will have to make at least Dh. 5000 a month. You will also have to follow all the other rules and requirements for bringing your family into the emirate, including providing notarized marriage and birth certificates. You will need to have your residency in Dubai in order first, naturally.
Advantages of Having a Virtual Office in Dubai
The main and most apparent advantage of this solution is its cost. In any case, renting a virtual office space in Dubai will cost you less than the smallest premises in any of the local office centres. You get the following perks with it:
Professional Image and Reputation for Your Business
If you and your colleagues operate from home, it is not a smart idea at all to hold company meetings there. Virtual offices, on the other side, provide the perfect option for using a meeting room filled with all the important supplies. It also includes reception facilities to give your consumers and business associates a professional impression of your organization and to feel accepted.
Low Overhead Costs
We also realize that starting up a brick and mortar office is more costly from a financial perspective. You’ve got to rent or purchase a commercial room. You are only looking for a percentage of what you will currently spend for simulated workplaces. By utilizing a virtual workspace, you will save a great deal of investment. In a virtual workplace, the expense of chairs, technical devices, internet services, appliances, etc. is not needed. While certain facilities, such as a local phone number, maybe named, which is very good for an international company.
The most mobile sort of office room is virtual workplaces. Here, you’ve got working hours at your own hands. Without any limitations, you will operate the organization 24/7. Moving or extending the workspace, on the other side, is often relatively simpler than physical rooms.
When you’re doing foreign business, place plays a very significant part. It is important that you reach out to consumers where they are often placed. You have the option to rent office space at their place. Finding a great market location would encourage you to easily reach out to your workers and clients. Get a specialist company address found in well-known office buildings. This will provide a fantastic first impression on your business.
In addition to the above-mentioned advantages, virtual offices in Dubai also enable the following advantages to be provided to a startup business:
- complete business license for carrying out business activities;
- residence visa for the founder of the company and members of his family;
- ability to open a corporate or personal bank account in the UAE;
- to carry out commercial activities in the UAE or via online banking.
Why Dubai is the Best Option for Setting Up a Virtual Office?
The diverse, healthy and prosperous market of Dubai, free economic zones, investor-friendly policies, outstanding infrastructure and high standards of living. Over everything, when it comes to the confidence of customers, Dubai ranks first in the country. Additionally, free economic zones in Dubai will provide you with:
- Furnished office space that will give you a competitive advantage
- A good reputation with a minimum financial burden
- Investor friendly policies of the Dubai government will further save entrepreneurs from the inconvenience caused by leasing and taxation
For freelancers, a virtual office in Dubai is preferable in any case, since a real one will not give any advantages for their work, but only additional costs. A virtual office in Dubai will provide everything you need: a real address (for registration and obtaining a license), communication (phone, mail, voice mail), a place for business meetings (meeting rooms, conference rooms for presentations), secretary services (mail collection, reception calls), etc.
Obtaining a Virtual Office in Dubai
Instead of a conventional space, deciding on a virtual office space is a different kind of chaos that foreign investors, especially young entrepreneurs, face when setting up a company in Dubai. Different kinds of pros and cons are posed by both the virtual workplace and conventional workplaces, which should be seriously considered before making definitive decisions.
Do you need advice about what sort of office space is most fitting for your company? Or are you just searching for some advice to start up a company in Dubai? Look no farther though. To support you, we are here at Riz and Mona Consultancy. Do not hesitate to send us a message in case of any inquiries. Contact us today and book with our experts on our consultation call!